Fully-Paid Transactions. The condition precedent in Section 2(a)(iii)(1) of the Agreement shall not apply to a payment and delivery owing by a party if the other party shall have satisfied in full all its payment or delivery obligations under Section 2(a)(i) of the Agreement and shall at the relevant time have no future payment or delivery obligations, whether absolute or contingent, under Section 2(a)(i) of the Agreement.
Appears in 4 contracts
Samples: Additional Call Option Transaction (Hornbeck Offshore Services Inc /La), Additional Call Option Transaction (Hornbeck Offshore Services Inc /La), Base Call Option Transaction (Hornbeck Offshore Services Inc /La)
Fully-Paid Transactions. The condition precedent in Section 2(a)(iii)(1) of the Agreement shall not apply to a payment and delivery owing by a party if the other party shall have satisfied in full all its payment or delivery obligations under Section 2(a)(i) of the Agreement and shall at the relevant time have no future payment or delivery obligations, whether absolute or contingent, under Section 2(a)(i) of the Agreement).
Appears in 2 contracts
Samples: Call Option Transaction (Penn Virginia Corp), Confirmation (Goodrich Petroleum Corp)
Fully-Paid Transactions. The condition precedent in Section 2(a)(iii)(1) of the Agreement shall does not apply to a payment and delivery owing by a party if the other party shall have satisfied satisfies in full all its payment or delivery obligations under Section 2(a)(i) of the this Agreement and shall at the relevant time have no future payment or delivery obligations, whether absolute or contingent, under Section 2(a)(i). Notwithstanding the foregoing, at any time when a Set-off would be available to CSIN or an Affiliate under Section 3(f) of the this Agreement or otherwise upon termination of this Agreement, then this provision shall not be applicable.
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