Common use of Collateral Matters; Swap Agreements Clause in Contracts

Collateral Matters; Swap Agreements. The benefit of the Security Instruments and of the provisions of this Agreement relating to any collateral securing the Indebtedness shall also extend to and be available to Approved Counterparties to any Swap Agreement with the Borrower or any of its Subsidiaries on a pro rata basis in respect of any obligations of the Borrower or any of its Subsidiaries. No Approved Counterparty shall have any voting rights under any Loan Document as a result of the existence of obligations owed to it under any such Swap Agreements.

Appears in 2 contracts

Samples: Credit Agreement (Petro Resources Corp), Credit Agreement (ABC Funding, Inc)

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Collateral Matters; Swap Agreements. The benefit of the Security Instruments Documents and of the provisions of this Agreement relating to any collateral securing the Indebtedness Collateral shall also extend to and be available to Approved Counterparties any counterparty to any Swap Agreement with the Borrower or any of its Subsidiaries Agreements on a pro rata basis (subject to Section 2.18(b) hereof) in respect of any obligations of the Borrower or any of its Subsidiaries. No Approved Counterparty shall have any voting rights Borrowers which arise under any Loan Document as Swap Agreement, provided that such counterparty is a result Lender or an Affiliate of a Lender at the existence of obligations owed to it under any time such counterparty entered into such Swap AgreementsAgreement.

Appears in 2 contracts

Samples: Credit Agreement (Hiland Partners, LP), Senior Secured Credit Agreement (Hiland Holdings GP, LP)

Collateral Matters; Swap Agreements. The benefit of the Security Instruments and of the provisions of this Agreement relating to any collateral securing the Indebtedness shall also extend to and be available to Approved Counterparties to any Swap Agreement with between the Borrower or any of Subsidiary and a Lender or its Subsidiaries Affiliates on a pro rata basis in respect of any obligations of the Borrower or any of its Subsidiaries. No Approved Counterparty shall have any voting rights under any Loan Document as a result of the existence of obligations owed to it under any such Swap AgreementsCredit Parties.

Appears in 2 contracts

Samples: Credit Agreement (Northern Oil & Gas, Inc.), Credit Agreement (Northern Oil & Gas, Inc.)

Collateral Matters; Swap Agreements. The benefit of the Security Instruments and of the provisions of this Agreement relating to any collateral securing the Indebtedness shall also extend to and be available to Approved Counterparties to any Secured Swap Agreement with the Borrower or any of its Subsidiaries on a pro rata basis in respect of any obligations of the Borrower or any of its Subsidiaries. No Approved Counterparty shall have any voting rights under any Loan Document as a result of the existence of obligations owed to it under any such Swap AgreementsCredit Parties.

Appears in 1 contract

Samples: Credit Agreement (Northern Oil & Gas, Inc.)

Collateral Matters; Swap Agreements. The benefit of the Security Instruments and of the provisions of this Agreement relating to any collateral securing the Indebtedness shall also extend to and be available to Approved Counterparties to any Swap Agreement with the Borrower or any of its Subsidiaries Credit Party on a pro rata basis in respect of any obligations of the Borrower or any of its SubsidiariesCredit Parties. No Approved Counterparty shall have any voting rights under any Loan Document as a result of the existence of obligations owed to it under any such Swap Agreements.

Appears in 1 contract

Samples: Credit Agreement (Northern Oil & Gas, Inc.)

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Collateral Matters; Swap Agreements. The benefit of the Security Instruments Documents and of the provisions of this Agreement relating to any collateral securing the Indebtedness Collateral shall also extend to and be available to Approved Counterparties any counterparty to any Swap Agreement with the Borrower or any of its Subsidiaries Agreements on a pro rata basis (subject to Section 2.18(b) hereof) in respect of any obligations of the Borrower or any of its Subsidiaries. No Approved Counterparty shall have any voting rights Borrowers which arise under any Loan Document as Swap Agreement, provided that such counterparty is a result Lender or an Affiliate of a Lender at the existence of obligations owed to it under any time such counterparty entered into such Swap Agreements.Agreement. [END OF TEXT]

Appears in 1 contract

Samples: Credit Agreement (Hiland Partners, LP)

Collateral Matters; Swap Agreements. The benefit of the Security Instruments and of the provisions of this Agreement relating to any collateral securing the Indebtedness Obligations shall also extend to and be available to Approved Counterparties (in addition to Lenders and their Affiliates) and any Person which was a Lender or Affiliate of a Lender when it entered into any Swap Agreement with the Borrower or any of its Subsidiaries on a pro rata basis in respect of any obligations of the Borrower Borrowers or any of its Subsidiaries. No Approved Counterparty shall have any voting rights under any Loan Document as a result of the existence of obligations owed to it under any such Swap Agreements.

Appears in 1 contract

Samples: Credit Agreement (Sanchez Energy Corp)

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