Common use of Business of Borrower and Subsidiaries Clause in Contracts

Business of Borrower and Subsidiaries. The sole business of the Borrower shall be the acquisition, exploration, development and operation of Mineral Interests and the production, marketing, processing and transportation of Hydrocarbons therefrom and businesses reasonably related or complementary thereto; and each Subsidiary’s business is substantially similar and/or related thereto.

Appears in 2 contracts

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

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Business of Borrower and Subsidiaries. The sole business of the Borrower shall be the acquisition, exploration, development and operation of Mineral Interests and the production, marketing, processing and transportation of Hydrocarbons therefrom and businesses reasonably related or complementary thereto; and the sole business of each Subsidiary’s business is Subsidiary shall be substantially similar and/or related thereto, or shall otherwise be to act as a holding company for any such Subsidiary.

Appears in 2 contracts

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

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Business of Borrower and Subsidiaries. The sole business ------------------------------------- of the Borrower shall be the acquisition, exploration, development and operation of Mineral Interests and the production, marketing, processing and transportation of Hydrocarbons therefrom and businesses reasonably related or complementary theretotherefrom; and each Subsidiary’s 's business is substantially similar and/or related thereto.

Appears in 1 contract

Samples: Credit Agreement (Quicksilver Resources Inc)

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