Common use of Compliance with Other Contractual Obligations Clause in Contracts

Compliance with Other Contractual Obligations. The Borrower shall, and shall cause its Restricted Subsidiaries, to perform and observe in all material respects all of the covenants and agreements contained in each contract or agreement to which it is a party that are provided to be performed and observed on the part of such Person, taking into account any grace period, and shall in the reasonable business judgment of the Borrower diligently and in good faith enforce, using appropriate procedures and proceedings, all of its and its Subsidiaries' material rights and remedies under (including taking all diligent actions required to collect amounts owed to such Person by any other parties thereunder) each such contract or agreement.

Appears in 2 contracts

Samples: Credit Agreement (Magnum Hunter Resources Inc), Credit Agreement (Magnum Hunter Resources Inc)

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Compliance with Other Contractual Obligations. The Borrower shallwill, and shall will cause its Restricted Subsidiaries, to perform and observe in all material respects all of the covenants and agreements contained in each contract or agreement to which it is a party that are provided to be performed and observed on the part of such Person, taking into account any grace period, and shall in the reasonable business judgment of the Borrower diligently and in good faith enforce, using appropriate procedures and proceedings, all of its and its Subsidiaries' material rights and remedies under (including taking all diligent actions required to collect amounts owed to such Person by any other parties thereunder) each such contract or agreement.

Appears in 1 contract

Samples: Credit Agreement (National Energy Group Inc)

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Compliance with Other Contractual Obligations. The Borrower shallwill, and shall cause each of its Restricted SubsidiariesSubsidiaries to, to perform and observe in all material respects all of the covenants and agreements contained in each contract or agreement to which it is a party that are provided to be performed and observed on the part of such Person, taking into account any grace period, ; and shall in the reasonable business judgment of the Borrower diligently and in good faith enforce, using appropriate procedures and proceedings, all of its and its Subsidiaries' material rights and remedies under (including taking all diligent actions required to collect amounts owed to such Person by any other parties thereunder) each such contract or agreement.

Appears in 1 contract

Samples: Secured Term Loan Agreement (Plains Resources Inc)

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