Common use of Acquisition Indebtedness Clause in Contracts

Acquisition Indebtedness. Except for the Financing, no indebtedness of Union Drilling or any of its Subsidiaries is "corporate acquisition indebtedness" within the meaning of Section 279(b) of the Code.

Acquisition Indebtedness. Except for the Financing, no No indebtedness of Union Drilling PanEnergy or any of its ------------------------ Subsidiaries is "corporate acquisition indebtedness" within the meaning of Section 279(b) of the Code.

Acquisition Indebtedness. Except for the Financing, no No indebtedness of Union Drilling PanEnergy or any of its Subsidiaries is "corporate acquisition indebtedness" within the meaning of Section 279(b) of the Code.

Acquisition Indebtedness. Except for the Financing, no indebtedness of Union Drilling Buyer or any of its Subsidiaries is "corporate acquisition indebtedness" within the meaning of Section 279(b) of the Code.