Business of Credit Parties. The primary business of the Credit Parties will be (and will continue to be) the acquisition, exploration, development and operation of Mineral Interests and the production, processing and marketing of Hydrocarbons therefrom and related activities.
Business of Credit Parties. The primary business of the Credit Parties will continue to be the acquisition, ownership, maintenance and selling, leasing or otherwise disposing of Mineral Interests; provided that, for the avoidance of doubt, neither Borrower nor any of its Restricted Subsidiaries operates, explores or develops Mineral Interests; provided, further that the foregoing proviso shall not be construed to prohibit actions incidental to any such Person’s ownership of non-operated working interests.
Business of Credit Parties. The sole business of (a) WPC is (and will continue to be) that of a holding company owning one hundred percent (100%) of the issued and outstanding Equity of Borrower and other Subsidiaries from time to time and activities incidental thereto, and (b) the other Credit Parties is (and will continue to be) the acquisition, exploration, development and operation of Mineral Interests, the production, processing and marketing of Hydrocarbons therefrom and activities incidental thereto.
Business of Credit Parties. The primary business of each Credit Party (other than Parent) will continue to be the acquisition, exploration, development and operation of Mineral Interests, and the production and marketing of Hydrocarbons and accompanying elements therefrom. The sole business of Parent shall be owning 100% of the Equity of Borrower.
Business of Credit Parties. The primary business of each Credit Party will continue to be the acquisition, exploration, development and operation of Mineral Interests, and/or the production and/or marketing of Hydrocarbons and accompanying elements therefrom. Borrower will not, and will not permit any Credit Party to (a) at any time maintain its jurisdiction of organization in any jurisdiction outside of the United States of America or (b) acquire or make any other expenditure (whether such expenditure is capital, operating or otherwise) in or related to, any Mineral Interests not located within the geographical boundaries of the United States.
Business of Credit Parties. The sole business of Borrower will continue to be (a) the issuance of equity and debt securities not prohibited pursuant to the provisions of this Agreement, (b) the acquisition, exploration, development and operation of Mineral Interests and the production and marketing of Hydrocarbons therefrom, (c) the ownership of one hundred percent (100%) of the issued and outstanding limited liability company interests of Marine and one hundred percent (100%) of the issued and outstanding common stock of DES, Offshore, DG&M and TRI, and (d) activities reasonably related to the businesses of Borrower described in the foregoing clauses (a) and (c), including, without limitation, activities necessary to comply with the reporting requirements of the Exchange Act, and with rules and regulations of applicable securities exchanges or which are otherwise incident to being a publicly traded company. The sole business of Offshore will continue to be the acquisition, exploration, development and operation of offshore Mineral Interests, the production and marketing of Hydrocarbons therefrom, and activities reasonably related thereto. The sole business of Marine will continue to be marine oil field services. The sole business of DES will continue to be oil and gas marketing and related services. DG&M will remain a holding company owning one hundred percent (100%) of the issued and outstanding common stock in Genesis Energy. TRI will remain a shell corporation with no assets or operations.
Business of Credit Parties. The primary business of Borrower will continue to be (a) the issuance of equity and debt securities not prohibited pursuant to the provisions of this Agreement, (b) the ownership of one hundred percent (100%) of the issued and outstanding Equity of Operating, DG&M, EAP Properties and Encore Holdings, and (c) activities reasonably related to the businesses of Borrower described in the foregoing clauses (a) and (b), including, without limitation, activities necessary to comply with the reporting requirements of the Exchange Act, and with rules and regulations of applicable securities exchanges or which are otherwise incident to being a publicly traded company, in each case in a manner consistent with Borrower’s past practices. Each Credit Party (other than Borrower) will continue to conduct its business in a manner consistent with such Credit Party’s past practices.
Business of Credit Parties. The sole business of Borrower will continue to be the acquisition, exploration, development and operation of Mineral Interests (and related and ancillary pipelines and related assets), the production and marketing of Hydrocarbons therefrom, and activities reasonably related thereto.
Business of Credit Parties. The primary business of each Credit Party will continue to be the acquisition, exploration, development and operation of Mineral Interests, and/or the production and/or marketing of Hydrocarbons and accompanying elements therefrom. Borrower will not, and will not permit any Credit Party to (a) at any time maintain its jurisdiction of organization in any jurisdiction outside of the United States of America or (b) acquire or make by each Benefitting Guarantor in order for such Benefitting Guarantor to honor its obligations (without giving effect to (b)) under the Facility Guaranty and any other Loan Paper including obligations with respect to Hedge Transactions (provided, however, that Borrower shall only be liable under this Section 8.13(a) for the maximum amount of such liability that can be hereby incurred without rendering its obligations under this Section 8.13(a), or otherwise under this Agreement or any Loan Paper, as it relates to such Benefitting Guarantor, voidable under applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations of Borrower under this Section 8.13(a) shall remain in full force and effect until all Obligations are paid in full to the Banks, Administrative Agent and all other Persons to whom Obligations are owing, and all of the Banks’ Commitments are terminated. Borrower intends that this Section 8.13(a) constitute, and this Section 8.13(a) shall be deemed to constitute, a “keepwell, support, or other agreement” for the benefit of each Benefitting Guarantor for all purposes of Section 1a(18)(A)(v)(ii) of the Commodity Exchange Act.
Business of Credit Parties. The sole business of Borrower will -------------------------- continue to be (a) the issuance of equity and debt securities not prohibited pursuant to the provisions of this Agreement, (b) the acquisition, exploration, development and operation of Mineral Interests and the production and marketing of Hydrocarbons therefrom, (c) the ownership of one hundred percent (100%) of the issued and outstanding limited liability company interests of Marine and one hundred percent (100%) of the issued and outstanding common stock of DES, and (d) activities reasonably related to the businesses of Borrower described in the foregoing clauses (a) and (c), including, without limitation, activities necessary to comply with the reporting requirements of the Exchange Act, and with rules and regulations of applicable securities exchanges or which are otherwise incident to being a publicly traded company. The sole business of Marine will continue to be marine oil field services. The sole business of DES will continue to be oil and gas marketing and related services. TRI will remain a shell corporation with no assets or operations.
