Common use of Key Contracts Clause in Contracts

Key Contracts. The assumption or rejection (in each case, pursuant to section 365 of the Bankruptcy Code) and/or amendment of the Contracts described in Section 1.1 of the Company Disclosure Schedules as of the Closing Date and the liabilities of the Reorganized Debtors with respect to such Contracts shall, in the aggregate, be reasonably satisfactory to the Requisite Commitment Parties.

Appears in 3 contracts

Samples: Backstop Commitment Agreement (Bonanza Creek Energy, Inc.), Backstop Commitment Agreement (Penn Virginia Corp), Backstop Commitment Agreement

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Key Contracts. The assumption or rejection (in each case, pursuant to section 365 of the Bankruptcy Code) and/or amendment of the Contracts described in Section 1.1 of the Company Disclosure Schedules as of the Closing Date and the liabilities of the Reorganized Debtors Company after the Closing with respect to such Contracts shall, in the aggregate, be reasonably satisfactory to the Requisite Commitment Parties.

Appears in 2 contracts

Samples: Backstop Commitment and Equity Investment Agreement (Vanguard Natural Resources, LLC), Backstop Commitment and Equity Investment Agreement (Vanguard Natural Resources, LLC)

Key Contracts. The Subject to Section 7.1(q), the assumption or rejection (in each case, pursuant to section 365 of the Bankruptcy Code) and/or amendment of the Contracts described in Section 1.1 of the Company Disclosure Schedules as of the Closing Date and the liabilities of the Reorganized Debtors with respect to such Contracts shall, in the aggregate, be reasonably satisfactory to the Requisite Commitment Parties.

Appears in 2 contracts

Samples: Backstop Commitment Agreement (Ultra Petroleum Corp), Bankruptcy Agreement (Ultra Petroleum Corp)

Key Contracts. The assumption or rejection (in each case, pursuant to section 365 of the Bankruptcy Code) and/or amendment of the Contracts described in Section 1.1 of the Company Disclosure Schedules as of the Closing Date and the liabilities of the Reorganized Debtors Company with respect to such Contracts shall, in the aggregate, be reasonably satisfactory to the Requisite Commitment Parties.

Appears in 1 contract

Samples: Backstop Commitment Agreement (Linn Energy, LLC)

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Key Contracts. The assumption or rejection (in each case, pursuant to section 365 of the Bankruptcy Code) and/or amendment of the Material Contracts described in Section 1.1 of the Company Disclosure Schedules as of the Closing Date and the liabilities of the Reorganized Debtors with respect to such Material Contracts shall, in the aggregate, be reasonably satisfactory to the Requisite Commitment Parties.

Appears in 1 contract

Samples: Commitment Agreement (Equity) (Pacific Drilling S.A.)

Key Contracts. The assumption or rejection (in each case, pursuant to section 365 of the Bankruptcy Code) and/or amendment of the Contracts described in Section 1.1 of the Company Disclosure Schedules as of the Closing Date and the liabilities of the Reorganized Debtors Company after the Closing with respect to such Contracts shall, in the aggregate, be reasonably satisfactory to the Requisite Commitment Parties.. (r)

Appears in 1 contract

Samples: Backstop Commitment and Equity Investment Agreement (Vanguard Natural Resources, Inc.)

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