Common use of Continuing Enterprise Clause in Contracts

Continuing Enterprise. Borrower shall continue to conduct its operations on such a scale and in such a manner as is necessary to (i) perform its obligations under this Agreement, the other Loan Documents and the Basic Documents, and (ii) preserve its rights to the Properties and its rights under the Basic Documents unless a prudent operator would not do so.

Appears in 1 contract

Samples: Secured Credit Agreement (Radiant Oil & Gas Inc)

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Continuing Enterprise. Borrower shall, and shall cause each Subsidiary to, continue to conduct its operations on such a scale and in such a manner as is necessary to (ia) perform its obligations under this Agreement, the other Loan Documents Agreement and the Basic Documents, and (iib) preserve its rights to the Properties and its rights under the Basic Documents unless a prudent operator would not do soDocuments.

Appears in 1 contract

Samples: Secured Credit Agreement (Petroquest Energy Inc)

Continuing Enterprise. Borrower shall continue to conduct its operations on such a scale and in such a manner as is necessary to (ia) perform its the obligations under this Agreement, the other Loan Documents and the Basic Documents, and (iib) preserve its all rights to the Properties and its all rights under the Basic Documents unless a prudent operator would not do so.

Appears in 1 contract

Samples: Security Agreement (Doral Energy Corp.)

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Continuing Enterprise. Each Borrower shall continue to conduct its operations on such a scale and in such a manner as is necessary to (i) perform its obligations under this Agreement, the other Loan Documents and the Basic Documents, and (ii) preserve its rights to the Properties and its rights under the Basic Documents unless a prudent operator Operator would not do so.

Appears in 1 contract

Samples: Credit Agreement (Imperial Resources, LLC)

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