Conditions to Limited Waiver Sample Clauses

Conditions to Limited Waiver. The limited waiver provided by Lenders under this Agreement is strictly conditioned upon the satisfaction by Borrower of the following:
Sample 1
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Conditions to Limited Waiver. The waiver provided in Section 4.1 of this First Amendment is conditioned upon the Borrower delivering title information in form and substance acceptable to the Administrative Agent covering enough of the Oil and Gas Properties evaluated by the internal Reserve Report of the Borrower as audited and certified by Netherland, Xxxxxx & Associates, Inc. as of October 29, 2010, with respect to certain Oil and Gas Properties of the Borrower and its Subsidiaries as of September 30, 2010 that were not included in the immediately preceding Reserve Report, so that the Administrative Agent shall have received together with title information previously delivered to the Administrative Agent, satisfactory title information on at least 80% of the total value of the Oil and Gas Properties evaluated by such Reserve Report, including evidence that (a) at least 90% of the total value of the Borrower’s Oil and Gas Properties evaluated by such Reserve Report, with respect to certain Oil and Gas Properties of the Borrower and its Subsidiaries as of September 30, 2010 and (b) 95% of the total value of the Borrower’s Oil and Gas Properties evaluated by each such Reserve Report delivered on or after March 1, 2011, in each case, are on Federal leases, State leases, allotted lands or fee simple.
Sample 1
Conditions to Limited Waiver 
Sample 1

Related to Conditions to Limited Waiver

  • CONDITIONS PRECEDENT TO THIS AMENDMENT The satisfaction of each of the following shall constitute conditions precedent to the effectiveness of this Amendment and each and every provision hereof:

  • Limited Waiver of Conditions Precedent If Agent, Issuing Bank or Lenders fund any Loans, arrange for issuance of any Letters of Credit or grant any other accommodation when any conditions precedent are not satisfied (regardless of whether the lack of satisfaction was known or unknown at the time), it shall not operate as a waiver of (a) the right of Agent, Issuing Bank and Lenders to insist upon satisfaction of all conditions precedent with respect to any subsequent funding, issuance or grant; nor (b) any Default or Event of Default due to such failure of conditions or otherwise.

  • CONDITIONS TO EFFECTIVENESS OF THIS FIRST AMENDMENT Section 3.1. This First Amendment shall not become effective until, and shall become effective when, each and every one of the following conditions shall have been satisfied:

  • Conditions to Effectiveness of this Amendment This Amendment shall become effective as of the date hereof, upon the satisfaction of the conditions precedent that:

  • Conditions to Effective Date It shall be a condition to the Effective Date that each of the following conditions shall have been satisfied or waived as of such date, and upon such satisfaction or waiver, this Agreement shall be effective:

  • Conditions Precedent to Effectiveness of this Amendment This Amendment shall not become effective until all of the following conditions precedent shall have been satisfied in the sole discretion of Agent or waived by Agent:

  • CONDITIONS TO GRANT TO HAVE AND TO HOLD the above granted and described Property unto and to the use and benefit of Lender, and the successors and assigns of Lender, forever; PROVIDED, HOWEVER, these presents are upon the express condition that, if Borrower shall well and truly pay to Lender the Debt at the time and in the manner provided in the Note and this Security Instrument, shall well and truly perform the Other Obligations as set forth in this Security Instrument and shall well and truly abide by and comply with each and every covenant and condition set forth herein and in the Note, these presents and the estate hereby granted shall cease, terminate and be void.

  • Conditions to Amendment This Amendment shall become effective upon the satisfaction of the following conditions precedent:

  • Conditions to Effectiveness This Amendment shall become effective as of the date hereof and upon the satisfaction of the following conditions precedent:

  • Conditions to Loan Section 3.1 Conditions to Funding of the Loan on the Closing Date......................................... 33

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