Continued Authority. On termination of the Agreement, Lessee shall complete any transaction and satisfy any obligation, unfinished or unsatisfied, at the time of such termination or withdrawal, if the transaction or obligation arises out of operations prior to such termination or withdrawal. Owner shall have the power and authority to grant or receive extensions of time or change the method of payment of an already existing liability or obligation, prosecute and defend actions on behalf of both parties and the Property, and take any other reasonable action.
Continued Authority. On termination of the Property under Sections 8.1 and 8.2, MGE (or WG) in the event of a withdrawal by MGE) shall have the power and authority to do all things which are reasonably necessary or convenient to: (a) wind up operations and (b) complete any transaction and satisfy any obligation, unfinished or unsatisfied, at the time of such termination or withdrawal, if the transaction or obligation arises out of operations prior to such termination or withdrawal. MGE shall have the power and authority to grant or receive extensions of time or change the method of payment of an already existing liability or obligation, prosecute and defend actions on behalf of both Parties and the Property, and take any other reasonable action.
Continued Authority. On termination of the Agreement, each Party hereby agrees to execute and deliver such further agreements, certificates, documents and other instruments, and to take such other action, as the other Party may reasonably request to effect the purposes of this Section 16.
Continued Authority. The following orders and or stipulations shall be in full force and effect with the same terms as of the date of this Agreement and shall not be subject to an appeal, motion for reconsideration, or a motion to amend:
(i) Order Authorizing and Ratifying Tag-Along Option and Lease Acquisition Offering and Approving Assumption of Tag-Along Letter entered by the United States Bankruptcy Court of the Northern District of Texas, Fort Worth Division, In re Arabella Exploration, LLC, Case No. 17-40120-RFN11; and
(ii) Agreed Order Regarding Xxxxxx X. Xxxxx, Chapter 11 Trustee for Arabella Petroleum Company, LLC’s Motion to Approve and Ratify Action by Trustee entered by the United States Bankruptcy Court for the Western District of Texas, Midland Division, In re Arabella Petroleum Company, LLC, Case No. 15-70098-TMD-11.
Continued Authority. The separate existence of Aircraft shall cease on the effective date set forth above and thereupon it shall be merged into Xxxxxxxxxxx in accordance with this Agreement, except that whenever a conveyance, assignment, transfer, deed or other instrument, or act, is necessary to vest property or rights in the Surviving Corporation, the officers of Aircraft shall execute, acknowledge and deliver such instruments, and do such acts; for such purposes, the existence of Aircraft and the authority of its officers and directors shall be deemed continued notwithstanding the Merger.
Continued Authority. On termination of the Project under Sections 11.1 or 11.2, GENERAL MINERALS (or TREND in the event of a withdrawal by GENERAL MINERALS) shall have the power and authority to do all things which are reasonably necessary or convenient to: (a) wind up operations and (b) complete any transaction and satisfy any obligation, unfinished or unsatisfied, 18 at the time of such termination or withdrawal, if the transaction or obligation arises out of operations prior to such termination or withdrawal. GENERAL MINERALS shall have the power and authority to grant or receive extensions of time or change the method of payment of an already existing liability or obligation, prosecute and defend actions on behalf of both Parties and the Project, and take any other reasonable action.
Continued Authority. Borrower shall not fully or partially -------------------- release, surrender, relinquish or terminate any licenses, permits, privileges, franchises, certificates and the like necessary for the operation of its business and its ownership of the Pipeline without the prior written consent of the Lender.
Continued Authority. 5 4.10 Access; Books and Records..................... 5 4.11 Prohibition on Transfers...................... 6 4.12 Operator's Performance........................ 6 4.13 Notification of Adverse Changes............... 6 4.14
Continued Authority. Operator shall preserve and maintain all --------------------- licenses, permits, privileges, franchises, certificates and the like necessary for the operation of its business and its ownership, construction and operation of the Pipeline.
Continued Authority. On termination of the Property under Sections 8.1 and 8.2, OWNER (or Company in the event of a withdrawal by OWNER) shall have the power and authority to do all things which are reasonably necessary or convenient to: (a) wind up operations and (b) complete any transaction and satisfy any obligation, unfinished or unsatisfied, at the time of such termination or withdrawal, if the transaction or obligation arises out of operations prior to such termination or withdrawal. OWNER shall have the power and authority to grant or receive extensions of time or change the method of payment of an already existing liability or obligation, prosecute and defend actions on behalf of both Parties and the Property, and take any other reasonable action.
