Common use of Assignment by Debtor Clause in Contracts

Assignment by Debtor. The Debtor shall not and cannot assign its obligations under this Instrument, or take any steps or enter into any transaction of any nature which would have that effect (except as expressly permitted by the Credit Agreement or, following termination of the Credit Agreement, any Lender Hedge Agreement), without the prior written consent of the Holder, which may be arbitrarily withheld. Subject to the foregoing, all obligations of the Debtor hereunder shall bind the Debtor and its successors and assigns.

Appears in 1 contract

Samples: Credit Agreement (Nacg Finance LLC)

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Assignment by Debtor. The Debtor shall not and cannot assign its obligations Obligations under this InstrumentDebenture, or take any steps or enter into any transaction of any nature which would have that effect (except as expressly permitted by the Credit Agreement or, following termination of the Credit Agreement, any Lender Hedge Agreement), without the prior written consent of the Holder, which may be arbitrarily withheld. Subject to the foregoingthereto, all obligations Obligations of the Debtor hereunder shall bind the Debtor and its successors and assigns.

Appears in 1 contract

Samples: Credit Agreement (Nacg Finance LLC)

Assignment by Debtor. The Subject to Section 16.5 of the Debenture, the Debtor shall not and cannot assign its obligations under this Instrument, or take any steps or enter into any transaction of any nature which would have that effect (except as expressly permitted by the Credit Agreement or, following termination provided in Section 9.2(d) of the Credit Agreement, any Lender Hedge Agreement), without the prior written consent of the Holder, which may be arbitrarily withheld. Subject to the foregoingthereto, all obligations of the Debtor hereunder shall bind the Debtor and its successors and assigns.

Appears in 1 contract

Samples: Credit Agreement (Bellatrix Exploration Ltd.)

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Assignment by Debtor. The Debtor shall not and cannot assign its obligations Obligations under this InstrumentDebenture, or take any steps or enter into any transaction of any nature which would have that effect (except as expressly permitted by the Credit Agreement or, following termination provided in Section 9.2(d) of the Credit Agreement, any Lender Hedge Agreement), without the prior written consent of the Holder, which may be arbitrarily withheld. Subject to the foregoingthereto, all obligations Obligations of the Debtor hereunder shall bind the Debtor and its successors and assigns.

Appears in 1 contract

Samples: Credit Agreement (Bellatrix Exploration Ltd.)

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