Common use of Burdensome Obligations Clause in Contracts

Burdensome Obligations. No Credit Party, nor any of the properties of any Credit Party, is subject to any Law or regulation or subject to any restriction under the articles or certificate of incorporation, certificate of limited partnership, partnership agreement, bylaws, regulations or other organizational documents of any Credit Party or under any agreement or instrument to which any Credit Party is a party or by which any of its properties may be subject or bound, which is so unusual or burdensome as to be likely in the foreseeable future to have a Material Adverse Effect. Without limiting the foregoing, no Credit Party is a party to or bound by an agreement or subject to any order of any Governmental Authority which prohibits or restricts in any way the right of such party to make Distributions other than restrictions binding on the Credit Party set forth in this Agreement.

Appears in 3 contracts

Samples: Credit Agreement (GeoMet, Inc.), Credit Agreement (GeoMet, Inc.), Credit Agreement (GeoMet, Inc.)

AutoNDA by SimpleDocs

Burdensome Obligations. No Credit Party, nor any of the properties of any Credit Party, is subject to any Law or regulation any pending or threatened change of Law or subject to any restriction under the its articles (or certificate certificate) of incorporation, certificate of limited partnershipbylaws, regulations, partnership agreement, bylaws, regulations agreement or other organizational comparable charter documents of any Credit Party or under any agreement or instrument to which any Credit Party is a party or by which any Credit Party or any of its their properties may be subject or bound, which is so unusual or burdensome as to be likely in the foreseeable future to have a Material Adverse Effect. Without limiting the foregoing, no Credit Party is a party to or bound by an any agreement (other than the Loan Papers) or subject to any order of any Governmental Authority which prohibits or restricts in any way the right of such party Credit Party or any Restricted Subsidiary of any Credit Party to make Distributions other than restrictions binding on the Credit Party set forth in this AgreementDistributions.

Appears in 2 contracts

Samples: Credit Agreement (Denbury Resources Inc), Credit Agreement (Denbury Resources Inc)

Burdensome Obligations. No Credit Party, nor any of the properties of any Credit Party, is subject to any Law or regulation any pending or threatened change of Law or subject to any restriction under the its articles (or certificate certificate) of incorporation, certificate of limited partnershipbylaws, regulations, partnership agreement, bylaws, regulations agreement or other organizational comparable charter documents of any Credit Party or under any agreement or instrument to which any Credit Party is a party or by which any Credit Party or any of its properties may be subject or bound, which is so unusual or burdensome as to be likely in the foreseeable future to have a Material Adverse Effect. Without limiting the foregoing, no Credit Party is a party to or bound by an any agreement (other than the Loan Papers) or subject to any order of any Governmental Authority which prohibits or restricts in any way the right of such party Credit Party or any Restricted Subsidiary of any Credit Party to make Distributions other than restrictions binding on the Credit Party set forth in this AgreementDistributions.

Appears in 2 contracts

Samples: Credit Agreement (Denbury Resources Inc), Credit Agreement (Denbury Resources Inc)

Burdensome Obligations. No Credit Party, nor any of the properties of any Credit Party, Party is subject to any Law or regulation any pending or threatened change of Law or subject to any restriction under the articles or certificate of incorporationits partnership agreement, regulations, certificate of limited partnership, partnership agreementarticles of organization, bylawsarticles (or certificate) of incorporation, regulations bylaws or comparable charter or other organizational documents of any Credit Party or under any agreement or instrument to which any Credit Party is a party or by which any Credit Party or any of its their properties may be subject or bound, which is so unusual or burdensome as to be likely in the foreseeable future to have result in a Material Adverse EffectChange. Without limiting the foregoing, no Credit Party is a party to or bound by an any agreement or subject to any order of any Governmental Authority which prohibits or restricts in any way the right of such party Credit Party to make Distributions other than restrictions binding on the Credit Party Parties set forth in this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Encore Acquisition Co)

Burdensome Obligations. No Credit Party, Party nor any of the properties of any Credit Party, Party is subject to any Law or regulation or subject to any restriction under the articles or certificate of incorporation, certificate of limited partnership, partnership agreement, bylaws, regulations or other organizational documents of any Credit Party or under any agreement or instrument to which any Credit Party is a party or by which any of its their properties may be subject or bound, which is so unusual or burdensome as to be likely in the foreseeable future to have a Material Adverse Effect. Without limiting the foregoing, no Credit Party is a party to or bound by an agreement or subject to any order of any Governmental Authority which prohibits or restricts in any way the right of such party to make Distributions other than restrictions binding on the Credit Party Parties set forth in this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Castle Energy Corp)

Burdensome Obligations. No Credit Party, nor any of the ---------------------- properties of any Credit Party, Party is subject to any Law or regulation any pending or threatened change of Law or subject to any restriction under the its articles (or certificate certificate) of incorporation, certificate of limited partnershipbylaws, regulations, partnership agreement, bylaws, regulations agreement or other organizational comparable charter documents of any Credit Party or under any agreement or instrument to which any Credit Party is a party or by which any Credit Party or any of its their properties may be subject or bound, which is so unusual or burdensome as to be likely in the foreseeable future to have result in a Material Adverse EffectChange. Without limiting the foregoing, no Credit Party is a party to or bound by an any agreement or subject to any order of any Governmental Authority which prohibits or restricts in any way the right of such party Credit Party to make Distributions other than restrictions binding on the Credit Party set forth in this AgreementDistributions.

Appears in 1 contract

Samples: Credit Agreement (Quicksilver Resources Inc)

Burdensome Obligations. No Credit Party, nor any of the properties of any Credit Party, is subject to any Law or regulation any pending or, to Borrower’s knowledge, threatened change of Law or subject to any restriction under the its articles (or certificate certificate) of incorporation, certificate of limited partnershipbylaws, regulations, partnership agreement, bylaws, regulations agreement or other organizational comparable charter documents of any Credit Party or under any agreement or instrument to which any Credit Party is a party or by which any Credit Party or any of its their properties may be subject or bound, which is so unusual or burdensome as to be likely in the foreseeable future to have a Material Adverse Effect. Without limiting the foregoing, no Credit Party is a party to or bound by an any agreement (other than the Loan Papers) or subject to any order of any Governmental Authority which prohibits or restricts in any way the right of such party Credit Party or any Restricted Subsidiary to make Distributions other than restrictions binding on the Credit Party set forth in this AgreementDistributions.

Appears in 1 contract

Samples: Credit Agreement (Par Petroleum Corp/Co)

AutoNDA by SimpleDocs

Burdensome Obligations. No Credit Party, nor any of the properties of any Credit Party, Party is subject to any Law or regulation any pending or threatened change of Law or subject to any restriction under the its articles (or certificate certificate) of incorporation, certificate of limited partnershipbylaws, regulations, partnership agreement, bylaws, regulations agreement or other organizational comparable charter documents of any Credit Party or under any agreement or instrument to which any Credit Party is a party or by which any Credit Party or any of its their properties may be subject or bound, which is so unusual or burdensome as to be likely in the foreseeable future to have result in a Material Adverse EffectChange. Without limiting the foregoing, no Credit Party is a party to or bound by an any agreement or subject to any order of any Governmental Authority which prohibits or restricts in any way the right of such party Credit Party to make Distributions other than restrictions binding on the Credit Party set forth in this AgreementDistributions.

Appears in 1 contract

Samples: Credit Agreement (Quicksilver Resources Inc)

Burdensome Obligations. No Credit Party, nor any of the properties of any Credit Party, is subject to any Law or regulation any pending or threatened change of Law or subject to any restriction under the its articles (or certificate certificate) of incorporation, certificate of limited partnershipbylaws, regulations, partnership agreement, bylaws, regulations agreement or other organizational comparable charter documents of any Credit Party or under any agreement or instrument to which any Credit Party is a party or by which any Credit Party or any of its their properties may be subject or bound, which is so unusual or burdensome as to be likely in the foreseeable future to have a Material Adverse Effect. Without limiting the foregoing, no Credit Party is a party to or bound by an any agreement (other than the Loan Papers) or subject to any order of any Governmental Authority which prohibits or restricts in any way the right of such party Credit Party or any Restricted Subsidiary to make Distributions other than restrictions binding on the Credit Party set forth in this AgreementDistributions.

Appears in 1 contract

Samples: Credit Agreement (Delta Petroleum Corp/Co)

Burdensome Obligations. No Credit Party, Party nor any of the properties of any Credit Party, Party (after giving effect to the Closing Transactions) is subject to any Law or regulation or subject to any restriction under the articles or certificate of incorporation, certificate of limited partnership, partnership agreement, bylaws, regulations or other organizational documents of any Credit Party or under any agreement or instrument to which any Credit Party is a party or by which any of its their properties may be subject or bound, which is so unusual or burdensome as to be likely in the foreseeable future to have a Material Adverse Effect. Without limiting the foregoing, no Credit Party is a party to or bound by an agreement or subject to any order of any Governmental Authority which prohibits or restricts in any way the right of such party to make Distributions other than restrictions binding on the Credit Party Parties set forth in this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Prize Energy Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.