Common use of Continuing Enterprise Clause in Contracts

Continuing Enterprise. Conduct its business at all times in a manner necessary to (a) perform all of its obligations under the Basic Documents and its Obligations under the Loan Documents, and (b) preserve its rights in and to the Properties and under the Basic Documents unless a Prudent Operator would not do so, except, in each case, as could not reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

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

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Continuing Enterprise. Conduct its business at all times in a manner necessary to (a) perform all of its obligations under the Basic Documents and its Obligations under the Loan Documents, and (b) preserve its rights in and to the Properties and under the Basic Documents unless a Prudent Operator would not do so, except, in each case, as could not reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (American Standard Energy Corp.), Credit Agreement (American Standard Energy Corp.)

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