Common use of Debts, Guaranties and Other Obligations Clause in Contracts

Debts, Guaranties and Other Obligations. The Borrower shall not, and shall not permit any of its Subsidiaries to, create, assume, suffer to exist, or in any manner become or be liable in respect of, any Debt except: (a) Debt of the Borrower and its Subsidiaries under the Credit Documents; (b) Debt of the Borrower existing on the date of this Agreement and disclosed in the attached Schedule 6.02 and any extensions, rearrangements, and modifications thereof which do not increase the principal amount thereof or the interest rate charged thereon above a market rate of interest; (c) Debt existing in connection with Property or assets acquired by the Borrower after date of this Agreement not to exceed $2,500,000.00 in outstanding principal amount (excluding gas balancing liabilities assumed in the acquisition of Oil and Gas Properties) and in connection with the purchase of the Borrower's office building located at 625 X. Xxxxxxx Xxxxxx Xx., Lafayette, LA 70508 not to exceed $3,250,000.00 in outstanding principal amount; (d) Debt for borrowed money owed by any Subsidiary of the Borrower to the Borrower; (e) Debt in the form of obligations for the deferred purchase price of property or services incurred in the ordinary course of business which are not yet due and payable or are being contested in good faith by appropriate proceedings and for which adequate reserves in accordance with GAAP have been established; and (f) up to $125,000,000.00 of unsecured convertible or subordinated Debt with terms no more restrictive than the terms contained in this Agreement, a final maturity of no earlier than July 30, 2001, and other terms acceptable to the Agent and the Majority Banks.

Debts, Guaranties and Other Obligations. The Borrower shall not, and shall not permit any of its Subsidiaries to, create, assume, suffer to exist, or in any manner become or be liable in respect of, any Debt except: (a) Debt of the Borrower and its Subsidiaries under the Credit Documents; (b) Debt of the Borrower existing on the date of this Agreement and disclosed in the attached Schedule 6.02 and any extensions, rearrangements, and modifications thereof which do not increase the principal amount thereof or the interest rate charged thereon above a market rate of interest; (c) Debt existing in connection with Property or assets acquired by the Borrower after date of this Agreement not to exceed $2,500,000.00 in outstanding principal amount (excluding gas balancing liabilities assumed in the acquisition of Oil and Gas Properties) and in connection with the purchase of the Borrower's office building located at 625 X. Xxxxxxx Xxxxxx XxE. Kaliste Saloom Rd., Lafayette, LA 70508 not to exceed exxxxx $3,250,000.00 in 0,000,000.00 xx outstanding principal amount; (d) Debt for borrowed money owed by any Subsidiary of the Borrower to the Borrower; (e) Debt in the form of obligations for the deferred purchase price of property or services incurred in the ordinary course of business which are not yet due and payable or are being contested in good faith by appropriate proceedings and for which adequate reserves in accordance with GAAP have been established; and (f) up to $125,000,000.00 of unsecured convertible or subordinated Debt with terms no more restrictive than the terms contained in this Agreement, a final maturity of no earlier than July 30, 2001, and other terms acceptable to the Agent and the Majority Banks.

Debts, Guaranties and Other Obligations. The Borrower shall will not, and shall will not permit any of its Subsidiaries to, create, assume, suffer to exist, or in any manner become or be liable liable, in respect of, of any Debt except: (a) Debt of the Borrower and its Subsidiaries under the Credit Documents; (b) Debt of the Borrower existing on the date of this Agreement and disclosed in the attached Schedule 6.02 and any extensions, rearrangements, rearrangements and modifications thereof which do not increase the principal amount thereof or the interest rate charged thereon above a market rate of interest; (c) Debt existing in connection with Property or assets acquired by of the Borrower after date or any of this Agreement not to exceed $2,500,000.00 in outstanding principal amount (excluding gas balancing liabilities assumed in the acquisition of Oil and Gas Properties) and in connection with the purchase of the Borrower's office building located at 625 X. Xxxxxxx Xxxxxx Xx., Lafayette, LA 70508 not to exceed $3,250,000.00 in outstanding principal amountits Subsidiaries under any Interest Rate Contract; (d) Debt for borrowed money owed by any Subsidiary in respect of endorsement of negotiable instruments in the ordinary course of business; (e) Capital Leases which, when combined with Debt under clause (i) below, do not exceed $10,000,000 in the aggregate; (f) Debt between the Borrower to and any of its Subsidiaries that is wholly-owned by the Borrower; (g) Debt between any of its Subsidiaries that is wholly-owned by the Borrower and any other Subsidiary that is wholly-owned by the Borrower; (h) Debt secured by Liens permitted under Section 6.01(i); (i) Debt secured by Liens permitted under Section 6.01(j) provided the aggregate principal amount of all such Debt together with all Capital Leases permitted under clause (e) Debt in the form of obligations for the deferred purchase price of property or services incurred in the ordinary course of business which are above does not yet due and payable or are being contested in good faith by appropriate proceedings and for which adequate reserves in accordance with GAAP have been establishedexceed $10,000,000; and (fj) up Debt in addition to Debt otherwise permitted above, not exceeding $125,000,000.00 of unsecured convertible or subordinated Debt with terms no more restrictive than the terms contained 5,000,000 in this Agreement, a final maturity of no earlier than July 30, 2001, and other terms acceptable to the Agent and the Majority Banksaggregate principal amount at any time outstanding.

Debts, Guaranties and Other Obligations. The Borrower shall will not, and shall will not permit any of its Subsidiaries to, create, assume, suffer to exist, or in any manner become or be liable liable, in respect of, of any Debt except: (a) Debt of the Borrower and its Subsidiaries under the Credit Documents; (b) Debt of the Borrower existing on the date of this Agreement and disclosed in the attached Schedule 6.02 and any extensions, rearrangements, rearrangements and modifications thereof which do not increase the principal amount thereof or the interest rate charged thereon above a market rate of interest; (c) Debt existing in connection with Property or assets acquired by of the Borrower after date or any of this Agreement not to exceed $2,500,000.00 in outstanding principal amount (excluding gas balancing liabilities assumed in the acquisition of Oil and Gas Properties) and in connection with the purchase of the Borrower's office building located at 625 X. Xxxxxxx Xxxxxx Xx., Lafayette, LA 70508 not to exceed $3,250,000.00 in outstanding principal amountits Subsidiaries under any Interest Rate Contract; (d) Debt for borrowed money owed by any Subsidiary in respect of endorsement of negotiable instruments in the Borrower to the Borrowerordinary course of business; (e) Debt attributable to Capital Leases which, when combined with Debt under clause (i) below, does not exceed $10,000,000 in the form aggregate; (f) Debt between the Borrower and any of obligations for its wholly-owned Subsidiaries; (g) Debt between any wholly-owned Subsidiary of the deferred purchase price Borrower and any other wholly-owned Subsidiary of property or services incurred the Borrower; (h) Debt secured by Liens permitted under Section 6.01(h); (i) Debt assumed in connection with an Acquisition and secured by Liens permitted under Section 6.01(i); provided that, the ordinary course aggregate principal amount of business which are all such Debt together with all Capital Leases permitted under clause (e) above does not yet due and payable or are being contested in good faith by appropriate proceedings and for which adequate reserves in accordance with GAAP have been establishedexceed $10,000,000; and (fj) up Debt in addition to Debt otherwise permitted above, not exceeding $125,000,000.00 of unsecured convertible or subordinated Debt with terms no more restrictive than the terms contained 5,000,000 in this Agreement, a final maturity of no earlier than July 30, 2001, and other terms acceptable to the Agent and the Majority Banksaggregate principal amount at any time outstanding.

Debts, Guaranties and Other Obligations. The Borrower shall will not, and shall will not permit any of its Subsidiaries to, create, assume, suffer to exist, or in any manner become or be liable liable, in respect of, of any Debt except: (a) Debt of the Borrower and its Subsidiaries under the Credit Documents; (b) Debt of the Borrower existing on the date of this Agreement and disclosed in the attached Schedule 6.02 and any extensions, rearrangements, rearrangements and modifications thereof which do not increase the principal amount thereof or the interest rate charged thereon above a market rate of interest; (c) Debt existing in connection with Property or assets acquired by of the Borrower after date or any of this Agreement not to exceed $2,500,000.00 in outstanding principal amount (excluding gas balancing liabilities assumed in the acquisition of Oil and Gas Properties) and in connection with the purchase of the Borrower's office building located at 625 X. Xxxxxxx Xxxxxx Xx., Lafayette, LA 70508 not to exceed $3,250,000.00 in outstanding principal amountits Subsidiaries under any Interest Rate Contract; (d) Debt for borrowed money owed by any Subsidiary in respect of endorsement of negotiable instruments in the Borrower to the Borrowerordinary course of business; (e) Debt attributable to Capital Leases which, when combined with Debt under clause (i) below, does not exceed $20,000,000 in the form aggregate; (f) Debt between the Borrower and any of obligations for its wholly-owned Subsidiaries; (g) Debt between any wholly-owned Subsidiary of the deferred purchase price Borrower and any other wholly-owned Subsidiary of property or services incurred the Borrower; (h) Debt secured by Liens permitted under Section 6.01(h); (i) Debt assumed in connection with an Acquisition and secured by Liens permitted under Section 6.01(i); provided that, the ordinary course aggregate principal amount of business which are all such Debt together with all Capital Leases permitted under clause (e) above does not yet due and payable or are being contested in good faith by appropriate proceedings and for which adequate reserves in accordance with GAAP have been establishedexceed $20,000,000; (j) Permitted Note Debt, including, without limitation, any guaranty thereof; and (fk) up Unsecured Debt in addition to Debt otherwise permitted above, not exceeding $125,000,000.00 of unsecured convertible or subordinated Debt with terms no more restrictive than the terms contained 20,000,000 in this Agreement, a final maturity of no earlier than July 30, 2001, and other terms acceptable to the Agent and the Majority Banksaggregate principal amount at any time outstanding.