Save for. (A) any Security that is permitted to be granted pursuant to Clause 23.4 (Negative pledge) in respect of any such Hedging Agreement; and (B) any guarantee that is permitted pursuant to Clause 23.6 (Financial Indebtedness) and Clause 23.7 (Credits and guarantees) in respect of any such Hedging Agreement, no Obligor may, and each Obligor shall ensure that no member of the Group shall, enter into any margin call arrangement, post any collateral or credit support, grant any Security or otherwise give any guarantee or other financial accommodation in respect of any Hedging Agreement that such Obligor or, as the case may be, such member of the Group enters into.
Appears in 1 contract
Sources: Secured Revolving Loan and Letter of Credit Facility Agreement (Endeavour International Corp)
Save for. (A) any Security that is permitted to be granted pursuant to Clause 23.4 25.4 (Negative pledge) in respect of any such Hedging Agreement; and
(B) any guarantee that is permitted pursuant to Clause 23.6 25.6 (Financial Indebtedness) and Clause 23.7 25.7 (Credits and guarantees) in respect of any such Hedging Agreement, no Obligor may, and each Obligor shall ensure that no member of the Group shall, enter into any margin call arrangement, post any collateral or credit support, grant any Security or otherwise give any guarantee or other financial accommodation in respect of any Hedging Agreement that such Obligor or, as the case may be, such member of the Group enters into.
Appears in 1 contract
Sources: Junior Credit Agreement (Endeavour International Corp)