Good Standing Certificate of the Borrower. The Administrative Agent shall have received a certificate of good standing (or the equivalent) from the appropriate governing agency of the Borrower’s jurisdiction of organization. The Administrative Agent (or at the Administrative Agent’s direction, its counsel) shall notify the Borrower and the Lenders of the Effective Date, and such notice shall be conclusive and binding.
Appears in 5 contracts
Samples: Credit Agreement (California Resources Corp), Credit Agreement, Credit Agreement (California Resources Corp)
Good Standing Certificate of the Borrower. The Administrative Agent shall have received a certificate of good standing (or the equivalent) from the appropriate governing agency of the Borrower’s jurisdiction of organization. The Administrative Agent (or at the Administrative Agent’s direction, its counsel) shall notify the Borrower and the Lenders of the Effective Date, and such notice shall be conclusive and binding.
Appears in 3 contracts
Samples: Collateral Agency Agreement (California Resources Corp), Credit Agreement (California Resources Corp), Passu Intercreditor Agreement (California Resources Corp)
Good Standing Certificate of the Borrower. The Administrative Agent shall have received a certificate of good standing (or the equivalent) from the appropriate governing agency of the Borrower’s jurisdiction of organization. The Administrative Agent organization (or at to the Administrative Agent’s direction, its counsel) shall notify extent the Borrower and the Lenders concept of the Effective Date, and good standing is applicable in such notice shall be conclusive and bindingjurisdiction).
Appears in 1 contract
Samples: Senior Secured Term Loan Agreement (Paragon Offshore PLC)
