Covenant Breaches. The Borrower, any Guarantor or any of their respective Subsidiaries shall fail to (i) perform or observe any covenant contained in Section 5.02(a), Section 5.03, Section 5.06(e), Section 5.09, Section 5.12, or Article VI of this Agreement or (ii) fail to perform or observe any other term or covenant set forth in this Agreement or in any other Loan Document which is not covered by clause (i) above or any other provision of this Section 7.01 if such failure shall remain unremedied for 30 days after the occurrence of such breach or failure;
Appears in 8 contracts
Samples: Loan Agreement (Resaca Exploitation, Inc.), Loan Agreement (Resaca Exploitation, Inc.), Loan Agreement (Resaca Exploitation, Inc.)
Covenant Breaches. The Borrower, any Guarantor or any of their respective Subsidiaries shall fail to (i) perform or observe any covenant contained in Section 5.02(a), Section 5.03, Section 5.06(e), Section 5.095.12, Section 5.12, 5.13 or Article VI of this Agreement or (ii) fail to perform or observe any other term or covenant set forth in this Agreement or in any other Loan Document which is not covered by clause (i) above or any other provision of this Section 7.01 7.01, if such failure shall remain unremedied for 30 days after the occurrence of such breach or failure;
Appears in 7 contracts
Samples: Credit Agreement (Abraxas Energy Partners LP), Credit Agreement (Abraxas Petroleum Corp), Credit Agreement (Abraxas Energy Partners LP)
Covenant Breaches. The Any Borrower, any Guarantor or any of their respective Subsidiaries shall fail to (i) fails to perform or observe any term or covenant contained set forth in Section 5.02(a), Section 5.03, Section 5.06(e5.03(a) (with respect to the existence of such Borrower or any of its Subsidiaries), Section 5.09, Section 5.12, or Article VI of this Agreement Agreement, or (ii) fail fails to perform or observe any other term or covenant set forth in this Agreement or in any other Loan Document which that is not covered by in clause (i) above or any other provision of this Section 7.01 if and such failure shall remain remains unremedied for 30 a period of thirty (30) days after the occurrence of written notice specifying such breach or failuredefault has been given to Borrowers by Lender;
Appears in 3 contracts
Samples: Senior First Lien Secured Credit Agreement (Cross Border Resources, Inc.), Senior First Lien Secured Credit Agreement (Red Mountain Resources, Inc.), Senior First Lien Secured Credit Agreement (Cross Border Resources, Inc.)
Covenant Breaches. The Borrower, any Guarantor or any of their respective Subsidiaries shall fail to (i) perform or observe any covenant contained in Section 5.02(a), Section 5.03, Section 5.06(e), the fifth sentence of Section 5.09, Section 5.125.11, or Article VI of this Agreement or (ii) fail to perform or observe any other term or covenant set forth in this Agreement or in any other Loan Document which is not covered by clause (i) above or any other provision of this Section 7.01 if such failure shall remain unremedied for 30 days after the occurrence of such breach or failure;
Appears in 3 contracts
Samples: Credit Agreement (Crusader Energy Group Inc.), Second Lien Credit Agreement (Crusader Energy Group Inc.), Subordinated Credit Agreement (Crusader Energy Group Inc.)
Covenant Breaches. The Borrower fails to perform or observe any term, covenant or agreement contained in Sections 5.02, 5.13 or Article VI of this Agreement; or the Borrower, any Guarantor or any of their respective Subsidiaries shall fail to (i) perform or observe any covenant contained in Section 5.02(a), Section 5.03, Section 5.06(e), Section 5.09, Section 5.12, or Article VI of this Agreement or (ii) fail Subsidiary fails to perform or observe any other term term, covenant or covenant set forth in this Agreement or agreement contained in any other Loan Credit Document which is not covered by clause (i) above on its part to be performed or any other provision of this Section 7.01 if observed, and such failure shall remain remains unremedied for 30 days after written notice thereof has been given to the occurrence of Borrower, such breach Guarantor or failuresuch Subsidiary, as applicable, by the Administrative Agent;
Appears in 2 contracts
Samples: Credit Agreement (Crosstex Energy Lp), Credit Agreement (Crosstex Energy Lp)
Covenant Breaches. The Borrower, any Guarantor or any of their respective Subsidiaries shall fail to shall:
(i) fail to perform or observe any covenant covenant, condition or agreement contained in Section 5.02(a)2.05, Section 5.03, Section 5.06(e5.02(a) or (c), Section 5.05, Section 5.06, Section 5.09, Section 5.11, Section 5.12, Section 5.13, or Article VI of this Agreement or VI;
(ii) fail to perform or observe any other term or covenant covenant, condition or agreement set forth in this Agreement or in any other Loan Document which is not covered by clause (iSection 7.01(c)(i) above or any other provision of this Section 7.01 7.01, if such failure shall remain unremedied for 30 thirty (30) days after the occurrence of such breach or failure;
Appears in 2 contracts
Samples: Credit Agreement (TXO Partners, L.P.), Credit Agreement (MorningStar Partners, L.P.)
Covenant Breaches. The Borrower, any Guarantor or any of their respective Subsidiaries shall fail to (i) perform or observe any covenant contained in Section 5.02(a), Section 5.03, Section 5.06(e), Section 5.09, Section 5.12, or Article VI of this Agreement or (ii) fail to perform or observe any other term or covenant set forth in this Agreement or in any other Loan Document which is not covered by clause (i) above or any other provision of this Section 7.01 if such failure shall remain unremedied for 30 days after the occurrence of such breach or failure;
Appears in 2 contracts
Samples: Credit Agreement (Cano Petroleum, Inc), Subordinated Credit Agreement (Cano Petroleum, Inc)
Covenant Breaches. The Borrower fails to perform or observe any term, covenant or agreement contained in Sections 5.02, 5.07 or 5.13 or Article VI of this Agreement; or the Borrower, any Guarantor or any of their respective Subsidiaries shall fail to (i) perform or observe any covenant contained in Section 5.02(a), Section 5.03, Section 5.06(e), Section 5.09, Section 5.12, or Article VI of this Agreement or (ii) fail Subsidiary fails to perform or observe any other term term, covenant or covenant set forth in this Agreement or agreement contained in any other Loan Credit Document which is not covered by clause (i) above on its part to be performed or any other provision of this Section 7.01 if observed, and such failure shall remain remains unremedied for 30 days after written notice thereof has been given to the occurrence of Borrower, such breach Guarantor or failuresuch Subsidiary, as applicable, by the Administrative Agent;
Appears in 2 contracts
Samples: Credit Agreement (Crosstex Energy Lp), Credit Agreement (Crosstex Energy Lp)
Covenant Breaches. The Borrower, any Guarantor or any of their respective Subsidiaries shall fail to (i) perform or observe any covenant contained in Section 5.02(a), Section 5.03, Section 5.06(e), Section 5.09, Section 5.12, 5.11 or Article VI of this Agreement or (ii) fail to perform or observe any other term or covenant set forth in this Agreement or in any other Loan Document which is not covered by clause (i) above or any other provision of this Section 7.01 if such failure shall remain unremedied for 30 days after the occurrence of such breach or failure;
Appears in 2 contracts
Samples: Credit Agreement (Mariner Energy Resources, Inc.), Credit Agreement (Mariner Energy Inc)
Covenant Breaches. The Borrower, any Guarantor or any Any of their respective Subsidiaries the Borrowers shall fail to (i) fail to perform or observe any covenant contained in Section 5.02(aSections 5.05(a), Section 5.03, Section 5.06(e), Section 5.09, Section 5.12, or 5.08 and Article VI (other than Section 6.01) of this Agreement or (ii) fail to perform or observe any other term or covenant set forth in this Agreement or in any other Loan Credit Document which is not covered by clause (i) above or any other provision of this Section 7.01 if such failure shall remain unremedied for 30 days 10 Business Days after the occurrence earlier of written notice of such breach default shall have been given to any of the Borrowers by the Agent or failureany Bank;
Appears in 1 contract
Samples: Credit Agreement (Schweitzer Mauduit International Inc)
Covenant Breaches. The Borrower, any Guarantor Borrower or any of their respective its Subsidiaries (other than Foreign Subsidiaries) shall fail to (i) perform or observe any covenant contained in Section 5.02(a), Section 5.03, Section 5.06(e), Section 5.09, Section 5.12, 5.12 or Article VI of this Agreement or (ii) fail to perform or observe any other term or covenant set forth in this Agreement or in any other Loan Document which is not covered by clause (i) above or any other provision of this Section 7.01 if such failure shall remain unremedied for 30 days after the occurrence of such breach or failure;
Appears in 1 contract
Covenant Breaches. The Borrower, any Guarantor or any of their respective Subsidiaries shall fail to shall:
(i) fail to perform or observe any covenant covenant, condition or agreement contained in Section 5.02(a)2.05, Section 5.03, Section 5.06(e5.02(a) or 5.02(c), Section 5.05, Section 5.06, Section 5.09, Section 5.11, Section 5.12, Section 5.13, Section 5.16 or Article VI of this Agreement or VI;
(ii) fail to perform or observe any other term or covenant covenant, condition or agreement set forth in this Agreement or in any other Loan Document which is not covered by clause (iSection 7.01(c)(i) above or any other provision of this Section 7.01 7.01, if such failure shall remain unremedied for 30 thirty (30) days after the occurrence of such breach or failure;
Appears in 1 contract
Covenant Breaches. The Borrower, any Guarantor or any of their respective Subsidiaries shall fail to shall:
(i) fail to perform or observe any covenant contained in Section 2.16(a)(v), Section 5.03, Section 5.05, Section 5.06, Section 5.09, Section 5.13, Section 5.14, Section 5.15 or Article VI; -89- (ii) fail to perform or observe any covenant contained in Section 5.02(a), Section 5.03, Section 5.06(e), Section 5.09, Section 5.12, or Article VI of this Agreement ) or (iic) fail to perform or observe any other term or covenant set forth in this Agreement or in any other Loan Document which is not covered by clause (i) above or any other provision of this Section 7.01 if such failure shall remain unremedied for 30 15 days after the occurrence of such breach or failure;; or
Appears in 1 contract