Common use of Designation and Conversion of Restricted and Unrestricted Subsidiaries; Debt of Unrestricted Subsidiaries Clause in Contracts

Designation and Conversion of Restricted and Unrestricted Subsidiaries; Debt of Unrestricted Subsidiaries. (a) Unless designated as an Unrestricted Subsidiary on Schedule 7.14 as of the date hereof or thereafter, assuming compliance with Section 9.06(b), any Person that becomes a Subsidiary of the Borrower or any of its Restricted Subsidiaries shall be classified as a Restricted Subsidiary.

Appears in 13 contracts

Samples: Credit Agreement (HighPeak Energy, Inc.), Credit Agreement (HighPeak Energy, Inc.), Credit Agreement (HighPeak Energy, Inc.)

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Designation and Conversion of Restricted and Unrestricted Subsidiaries; Debt of Unrestricted Subsidiaries. (a) Unless designated as an Unrestricted Subsidiary on Schedule 7.14 7.15 as of the date hereof or thereafter, assuming compliance with Section 9.06(b), any Person that becomes a Subsidiary of the Borrower or any of its Restricted Subsidiaries shall be classified as a Restricted Subsidiary.

Appears in 8 contracts

Samples: Senior Revolving Credit Agreement (Rosetta Resources Inc.), Senior Revolving Credit Agreement (Petrohawk Energy Corp), Senior Revolving Credit Agreement (Petrohawk Energy Corp)

Designation and Conversion of Restricted and Unrestricted Subsidiaries; Debt of Unrestricted Subsidiaries. (a) Unless designated as an Unrestricted Subsidiary on Schedule 7.14 3.12 as of the date hereof or thereafter, assuming compliance with Section 9.06(b6.10(b), any Person that becomes a Subsidiary of the Borrower MLP or any of its Restricted Subsidiaries Subsidiary shall be classified as a Restricted Subsidiary.

Appears in 6 contracts

Samples: Credit Agreement (NuStar Energy L.P.), Subsidiary Guaranty Agreement (NuStar Energy L.P.), Year Revolving Credit Agreement (NuStar Energy L.P.)

Designation and Conversion of Restricted and Unrestricted Subsidiaries; Debt of Unrestricted Subsidiaries. (a) Unless designated as an Unrestricted Subsidiary on Schedule 7.14 7.11 as of the date hereof Effective Date or thereafter, assuming compliance with Section 9.06(b9.07(b), any Person that becomes a Subsidiary of the Borrower or any of its Restricted Subsidiaries shall be classified as a Restricted Subsidiary.

Appears in 5 contracts

Samples: Credit Agreement (Plains Exploration & Production Co), Credit Agreement (Plains Exploration & Production Co), Credit Agreement (Plains Exploration & Production Co)

Designation and Conversion of Restricted and Unrestricted Subsidiaries; Debt of Unrestricted Subsidiaries. (a) Unless designated as an Unrestricted Subsidiary on Schedule 7.14 as of the date hereof or thereafter, assuming compliance with subject to Section 9.06(b9.17(b), any Person that becomes a Wholly Owned Subsidiary of the Borrower Parent Guarantor or any of its Restricted Subsidiaries shall be classified as a Restricted Subsidiary.

Appears in 3 contracts

Samples: Credit Agreement (Whiting Petroleum Corp), Credit Agreement (Whiting Petroleum Corp), Credit Agreement (Whiting Petroleum Corp)

Designation and Conversion of Restricted and Unrestricted Subsidiaries; Debt of Unrestricted Subsidiaries. (a) Unless designated as an Unrestricted Subsidiary on Schedule 7.14 7.15 as of the date hereof or thereafter, assuming compliance with Section 9.06(b9.19(b), any Person that becomes a Subsidiary of the Borrower or any of its Restricted Subsidiaries shall be classified as a Restricted Subsidiary.

Appears in 3 contracts

Samples: Credit Agreement (Atlas Resources Public #18-2008 (A) L.P.), Credit Agreement (Atlas Resources Public #16-2007 (A) L.P.), Credit Agreement (Atlas Energy Resources, LLC)

Designation and Conversion of Restricted and Unrestricted Subsidiaries; Debt of Unrestricted Subsidiaries. (a) Unless designated as an Unrestricted Subsidiary on Schedule 7.14 3.12 as of the date hereof or thereafterthereafter designated pursuant to the terms of the Revolving Credit Agreement, assuming compliance with Section 9.06(b)6.10(b) of the Revolving Credit Agreement, any Person that becomes a Subsidiary of the Borrower MLP or any of its Restricted Subsidiaries Subsidiary shall be classified as a Restricted Subsidiary.

Appears in 3 contracts

Samples: Letter of Credit Agreement, Drawing Certificate (NuStar Energy L.P.), Letter of Credit Agreement (NuStar Energy L.P.)

Designation and Conversion of Restricted and Unrestricted Subsidiaries; Debt of Unrestricted Subsidiaries. (a) Unless designated as an Unrestricted Subsidiary on Schedule 7.14 7.15 as of the date hereof Effective Date or thereafter, assuming compliance with Section 9.06(b), any Person that becomes a Subsidiary of the Borrower or any of its Restricted Subsidiaries shall be classified as a Restricted Subsidiary.

Appears in 2 contracts

Samples: Credit Agreement (Plains Exploration & Production Co), Credit Agreement (Plains Exploration & Production Co)

Designation and Conversion of Restricted and Unrestricted Subsidiaries; Debt of Unrestricted Subsidiaries. (a) Unless designated as an Unrestricted Subsidiary on Schedule 7.14 7.13 as of the date hereof or thereafter, assuming compliance with Section 9.06(b), any Person that becomes a direct Subsidiary of the Borrower or any of its Restricted Subsidiaries shall be classified as a Restricted Subsidiary. Any subsidiary of an Unrestricted Subsidiary shall be classified as an Unrestricted Subsidiary.

Appears in 2 contracts

Samples: Credit Agreement (Cabot Oil & Gas Corp), Credit Agreement (Cabot Oil & Gas Corp)

Designation and Conversion of Restricted and Unrestricted Subsidiaries; Debt of Unrestricted Subsidiaries. (a) Unless designated as an Unrestricted Subsidiary on Schedule 7.14 7.13 as of the date hereof or thereafter, assuming compliance with Section 9.06(b), any Person that becomes a direct Subsidiary of the Borrower or any of its Restricted Subsidiaries shall be classified as a Restricted Subsidiary. Any Subsidiary of an Unrestricted Subsidiary shall be classified as an Unrestricted Subsidiary.

Appears in 2 contracts

Samples: Credit Agreement (Cabot Oil & Gas Corp), Credit Agreement (Cabot Oil & Gas Corp)

Designation and Conversion of Restricted and Unrestricted Subsidiaries; Debt of Unrestricted Subsidiaries. (a) Unless designated as an Unrestricted Subsidiary on Schedule 7.14 as of the date hereof or thereafter, assuming compliance with designated in writing to the Administrative Agent as an Unrestricted Subsidiary pursuant to Section 9.06(b9.18(b), any Person that becomes a Subsidiary of the Borrower or any of its Restricted Subsidiaries shall be classified as a Restricted Subsidiary.

Appears in 2 contracts

Samples: Credit Agreement (Fortis Minerals, LLC), Credit Agreement (Fortis Minerals, Inc.)

Designation and Conversion of Restricted and Unrestricted Subsidiaries; Debt of Unrestricted Subsidiaries. (a) Unless designated as an Unrestricted Subsidiary on Schedule 7.14 as of the date hereof or thereafter, assuming in compliance with Section 9.06(b9.18(b), any Person that becomes a Subsidiary of the Borrower or any of its Restricted Subsidiaries shall be classified as a Restricted Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (Linn Energy, LLC)

Designation and Conversion of Restricted and Unrestricted Subsidiaries; Debt of Unrestricted Subsidiaries. (a) Unless designated as an Unrestricted Subsidiary on Schedule 7.14 as of the date hereof or thereafter, assuming compliance with Section 9.06(b), any Person that becomes a Subsidiary of the Borrower or any of its Restricted Subsidiaries Subsidiary shall be classified as a Restricted Subsidiary.. 110

Appears in 1 contract

Samples: Credit Agreement (BKV Corp)

Designation and Conversion of Restricted and Unrestricted Subsidiaries; Debt of Unrestricted Subsidiaries. (a) Unless designated as an Unrestricted Subsidiary on Schedule 7.14 5.20 as of the date hereof Effective Date or designated as such thereafter, assuming compliance with subject to Section 9.06(b7.9(b), any Person that becomes a Subsidiary of the Borrower Company or any of its Restricted Subsidiaries shall be classified as a Restricted Subsidiary.

Appears in 1 contract

Samples: Secured Revolving Credit Agreement (Valaris LTD)

Designation and Conversion of Restricted and Unrestricted Subsidiaries; Debt of Unrestricted Subsidiaries. (a) Unless designated as an Unrestricted Subsidiary on Schedule 7.14 7.13 as of the date hereof or thereafter, assuming compliance with subject to Section 9.06(b9.16(b), any Person that becomes a Wholly-Owned Subsidiary of the Borrower Parent Guarantor or any of its Restricted Subsidiaries shall be classified as a Restricted Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (Whiting Petroleum Corp)

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Designation and Conversion of Restricted and Unrestricted Subsidiaries; Debt of Unrestricted Subsidiaries. (a) Unless designated as an Unrestricted Subsidiary on Schedule 7.14 6.13 as of the date hereof Third Amendment Effective Date or thereafter, assuming compliance with Section 9.06(b8.6(b), any Person that becomes a Subsidiary of the Borrower or any of its Restricted Subsidiaries shall be classified as a Restricted Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (Granite Ridge Resources, Inc.)

Designation and Conversion of Restricted and Unrestricted Subsidiaries; Debt of Unrestricted Subsidiaries. (a) Unless designated as an Unrestricted Subsidiary on Schedule 7.14 6.8 as of the date hereof or thereafter, assuming thereafter designated as an Unrestricted Subsidiary in compliance with Section 9.06(b7.2.12(b), any Person that becomes a Subsidiary of the Borrower or any of its Restricted Subsidiaries shall be classified as a Restricted Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (Escalera Resources Co.)

Designation and Conversion of Restricted and Unrestricted Subsidiaries; Debt of Unrestricted Subsidiaries. (a) Unless designated as an Unrestricted Subsidiary on Schedule 7.14 5.13 as of the date hereof Closing Date or thereafter, assuming thereafter so designated in compliance with Section 9.06(b7.15(b), any Person that becomes a Subsidiary of the US Borrower or any of its Restricted Subsidiaries shall be classified as a Restricted Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (Pacific Energy Partners Lp)

Designation and Conversion of Restricted and Unrestricted Subsidiaries; Debt of Unrestricted Subsidiaries. (a) Unless designated as an Unrestricted Subsidiary on Schedule 7.14 as of the date hereof or thereafterotherwise in compliance with this Section 9.08 for any designation after the date hereof, assuming compliance with Section 9.06(b9.08(b), any Person that becomes a Subsidiary of the Borrower Parent or any of its Restricted Subsidiaries shall be classified as a Restricted Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (Oasis Petroleum Inc.)

Designation and Conversion of Restricted and Unrestricted Subsidiaries; Debt of Unrestricted Subsidiaries. (a) Unless designated as an Unrestricted Subsidiary on Schedule 7.14 6.13 as of the date hereof Closing Date or thereafter, assuming compliance with Section 9.06(b8.6(b), any Person that becomes a Subsidiary of the Borrower or any of its Restricted Subsidiaries shall be classified as a Restricted Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (Granite Ridge Resources, Inc.)

Designation and Conversion of Restricted and Unrestricted Subsidiaries; Debt of Unrestricted Subsidiaries. (a) Unless designated as an Unrestricted Subsidiary on Schedule 7.14 as of the date hereof Closing Date or thereafter, assuming compliance with thereafter pursuant to Section 9.06(b), any Person that becomes a Subsidiary of the Borrower or any of its Restricted Subsidiaries shall be classified as a Restricted Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (Penn Virginia Corp)

Designation and Conversion of Restricted and Unrestricted Subsidiaries; Debt of Unrestricted Subsidiaries. (a) Unless designated as an Unrestricted Subsidiary on Schedule 7.14 3.12 as of the date hereof or thereafterthereafter designated pursuant to the terms of the Revolving Credit Agreement, assuming compliance with Section 9.06(b)6.10(b)of the Revolving Credit Agreement, any Person that becomes a Subsidiary of the Borrower MLP or any of its Restricted Subsidiaries Subsidiary shall be classified as a Restricted Subsidiary.

Appears in 1 contract

Samples: Letter of Credit Agreement (NuStar Energy L.P.)

Designation and Conversion of Restricted and Unrestricted Subsidiaries; Debt of Unrestricted Subsidiaries. (a) Unless designated as an Unrestricted Subsidiary on Schedule 7.14 as of after the date hereof or thereafterEffective Date, assuming compliance with subject to Section 9.06(b7.9(b), any Person that becomes a Subsidiary of the Borrower Company or any of its Restricted Subsidiaries shall be classified as a Restricted Subsidiary.

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (Noble Corp PLC)

Designation and Conversion of Restricted and Unrestricted Subsidiaries; Debt of Unrestricted Subsidiaries. (a) Unless designated as an Unrestricted Subsidiary on Schedule 7.14 as of after the date hereof or thereafterEffective Date, assuming compliance with subject to Section 9.06(b7.9(b), any Person that becomes a Subsidiary of the Borrower Company or any of its Restricted Subsidiaries after the Effective Date shall be classified as a Restricted Subsidiary.

Appears in 1 contract

Samples: Secured Revolving Credit Agreement (Seadrill LTD)

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