Common use of Business; Compliance Clause in Contracts

Business; Compliance. 6.11.1. The Borrower has performed and abided by all obligations required to be performed by it to the extent required under each license, permit, order, authorization, grant, contract, agreement, or regulation to which it is a party or by which it or any of its Property is bound. 6.11.2. For each Guarantor, such Guarantor has performed and abided by all obligations required to be performed by it to the extent required under each license, permit, order, authorization, grant, contract, agreement, or regulation to which it is a party or by which it or any of its Property is bound.

Appears in 4 contracts

Samples: Credit Agreement (Lynden Energy Corp.), Credit Agreement (Reef Oil & Gas Drilling & Income Fund, L.P.), Credit Agreement (Starboard Resources, Inc.)

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Business; Compliance. 6.11.1. (i) The Borrower has performed and abided by all obligations required to be performed by it to the extent required under each license, permit, order, authorization, grant, contract, agreement, or regulation to which it is a party or by which it or any of its Property is bound, in each case except as would not be reasonably expected to have a Material Adverse Effect. 6.11.2. For each Guarantor, such Guarantor has performed and abided by all obligations required to be performed by it to the extent required under each license, permit, order, authorization, grant, contract, agreement, or regulation to which it is a party or by which it or any of its Property is bound.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Lilis Energy, Inc.)

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