Common use of Business; Compliance Clause in Contracts

Business; Compliance. Each Loan Party has performed and abided by all material obligations required to be performed by it to the extent required under each material 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, except to the extent such compliance would not reasonably be expected to result in a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Alpine Summit Energy Partners, Inc.), Credit Agreement (Alpine Summit Energy Partners, Inc.)

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Business; Compliance. Each Loan Party has performed and abided by all material obligations required to be performed by it to the extent required under each material license, permit, order, authorization, grant, contract, agreement, or regulation to which it such Loan Party is a party or by which it such Loan Party or any of its Property is bound, except assets are bound to the extent a failure to perform and abide by such compliance would not obligations could have or be reasonably be expected to result in have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Westside Energy Corp)

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Business; Compliance. Each Loan Party and each of its respective Subsidiaries has performed and abided by all material obligations required to be performed by it to the extent required under each material any 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, except to the extent such compliance would not reasonably be expected to result in a Material Adverse Effecteach case, in all material respects.

Appears in 1 contract

Samples: Credit Agreement (Saratoga Resources Inc /Tx)

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