Independent Effect of Covenants. Each Loan Party expressly acknowledges and agrees that each covenant contained in Articles VI and VII shall be given independent effect. Accordingly, neither any Loan Party nor any Subsidiary thereof shall engage in any transaction or other act otherwise permitted under any covenant contained in Article VI or VII, if before or after giving effect to such transaction or act any Loan Party shall or would be in breach of any other covenant contained in Article VI or VII.
Appears in 3 contracts
Samples: Credit Agreement (GRIID Infrastructure Inc.), Credit Agreement (Cleanspark, Inc.), Credit Agreement (Cleanspark, Inc.)
Independent Effect of Covenants. Each Loan Party Holdings and the Borrower expressly acknowledges acknowledge and agrees agree that each covenant contained in Articles V or VI and VII hereof shall be given independent effect. Accordingly, neither any no Loan Party nor any Subsidiary thereof shall engage in any transaction or other act otherwise permitted under any covenant contained in Article VI Articles V or VIIVI, if before or after giving effect to such transaction or act any Loan Party act, Holdings or the Borrower shall or would be in breach of any other covenant contained in Article VI Articles V or VIIVI.
Appears in 3 contracts
Samples: Credit Agreement (Penn Virginia Corp), Credit Agreement (Penn Virginia Corp), Credit Agreement (Penn Virginia Corp)
Independent Effect of Covenants. Each Loan Party Borrower expressly acknowledges and agrees that each covenant contained in Articles V or VI and VII hereof shall be given independent effect. Accordingly, neither any no Loan Party nor any Subsidiary thereof shall engage in any transaction or other act otherwise permitted under any covenant contained in Article VI Articles V or VIIVI, if before or after giving effect to such transaction or act any Loan Party act, or the Borrower shall or would be in breach of any other covenant contained in Article VI Articles V or VIIVI.
Appears in 2 contracts
Samples: Credit Agreement (Silver Run Acquisition Corp II), Credit Agreement (Alta Mesa Holdings, LP)
Independent Effect of Covenants. Each The Loan Party expressly acknowledges Parties acknowledge and agrees agree that each covenant contained in Articles VI and VII VIII or IX hereof shall be given independent ipndependent effect. Accordingly, neither any the Loan Party nor any Subsidiary thereof Parties and their Subsidiaries shall not engage in any transaction or other act otherwise permitted under any covenant contained in Article VI Articles VIII or VIIIX, if before or after giving effect to such transaction or act any act, if the Loan Party Parties shall or would be in breach of any other covenant contained in Article VI Articles VIII or VIIIX.
Appears in 1 contract
