Compliance With P&NG Leases Sample Clauses

Compliance With P&NG Leases. The Borrower shall, and shall cause its Subsidiaries to, comply with the P&NG Leases relating to P&NG Rights, except to the extent that failure to so comply does not and would not be reasonably expected to have a Material Adverse Effect.
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Compliance With P&NG Leases. The Canadian Borrower shall, and shall cause its Subsidiaries to, comply in all material respects with the P&NG Leases relating to P&NG Rights, taken as a whole, and if a notice of termination or default in respect of any such P&NG Lease is given to the Canadian Borrower or any of its Subsidiaries by any other party thereto, the Canadian Borrower shall forthwith provide a copy of such notice to the Agent and shall advise the Agent as to what steps and actions the Canadian Borrower and its Subsidiaries are taking to remedy the default in question and/or to avoid the termination of such P&NG Lease.
Compliance With P&NG Leases. The Borrower shall, and shall cause TEC and each of the Subsidiaries of TEC to, comply in all material respects with the P&NG Leases relating to P&NG Rights, except where failure to so comply would not have a Material Adverse Effect.
Compliance With P&NG Leases. The Borrower shall, and shall cause the Parent and its Subsidiaries to, comply in all material respects with the P&NG Leases relating to P&NG Rights, taken as a whole, and if a notice of termination or default in respect of any such P&NG Lease is given to the Parent or any of its Subsidiaries by any other party thereto, the Borrower shall forthwith provide a copy of such notice to the Agent and shall advise the Agent as to what steps and actions the Parent and its Subsidiaries are taking to remedy the default in question and/or to avoid the termination of such P&NG Lease.

Related to Compliance With P&NG Leases

  • Compliance with OFAC None of the Company and its Subsidiaries or, to the Company’s knowledge, any director, officer, agent, employee or affiliate of the Company and its Subsidiaries or any other person acting on behalf of the Company and its Subsidiaries, is currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury (“OFAC”), and the Company will not, directly or indirectly, use the proceeds of the Offering hereunder, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity, for the purpose of financing the activities of any person currently subject to any U.S. sanctions administered by OFAC.

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