Common use of Letters in Lieu of Transfer Orders Clause in Contracts

Letters in Lieu of Transfer Orders. The Borrowers shall promptly upon the reasonable request of the Agent, at any time and from time to time and without limitation on the rights of Agent in accordance with Section 6(c) hereof, execute such letters in lieu of transfer orders, in addition to the letters signed by the Borrowers and delivered to the Agent in satisfaction of the conditions set forth in Sections 6(c) and 11(a)(x) hereof, as are necessary or appropriate to transfer and deliver to the Agent for the benefit of the Banks proceeds from or attributable to any Oil and Gas Property or other Collateral; provided, however, that such letters shall only be delivered to the addressees thereof in accordance with the provision of Section 6(c) hereof.

Appears in 3 contracts

Samples: Credit Agreement (Continental Resources Inc), And Consolidated Credit Agreement (Canaan Energy Corp), Credit Agreement (Continental Crude Co)

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Letters in Lieu of Transfer Orders. The Borrowers shall promptly upon the reasonable request of the Agent, at any time and from time to time and without limitation on the rights of Agent in accordance with Section 6(c) 6.3 hereof, execute such letters in lieu of transfer orders, in addition to the letters signed by the Borrowers and delivered to the Agent in satisfaction of the conditions set forth in Sections 6(c) 6.3 and 11(a)(x) 11.1.8 hereof, as are necessary or appropriate to transfer and deliver to the Agent for the benefit of the Banks proceeds from or attributable to any Oil and Gas Property or other Collateral; provided, however, that such letters shall only be delivered to the addressees thereof in accordance with the provision of Section 6(c) 6.3 hereof.

Appears in 1 contract

Samples: Credit Agreement (Continental Resources Inc)

Letters in Lieu of Transfer Orders. The Borrowers shall promptly upon the reasonable request of the Agent, at any time and from time to time and without limitation on the rights of Agent in accordance with Section 6(c4(c) hereofabove, execute such letters in lieu of transfer orders, in addition to the letters signed by the Borrowers and delivered to the Agent in satisfaction of the conditions set forth in Sections 6(c4(c) and 11(a)(x9(a)(viii) hereofabove, as are necessary or appropriate to transfer and deliver to the Agent for the benefit of the Banks proceeds from or attributable to any Oil and Gas Property or other Collateral; provided, however, that such letters shall only be delivered to the addressees thereof in accordance with the provision provisions of Section 6(c4(c) hereofabove.

Appears in 1 contract

Samples: Credit Agreement (Delta Petroleum Corp/Co)

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Letters in Lieu of Transfer Orders. The Borrowers shall promptly upon the reasonable request of the Agent, at any time and from time to time and without limitation on the rights of Agent in accordance with Section 6(c) 6.3 hereof, execute such letters in lieu of transfer orders, in addition to the letters signed by the Borrowers and delivered to the Agent in satisfaction of the conditions set forth in Sections 6(c) 6.3 and 11(a)(x) 11.1.9 hereof, as are necessary or appropriate to transfer and deliver to the Agent for the benefit of the Banks proceeds from or attributable to any Oil and Gas Property or other Collateral; provided, however, that such letters shall only be delivered to the addressees thereof in accordance with the provision of Section 6(c) 6.3 hereof.

Appears in 1 contract

Samples: Credit Agreement (Continental Resources Inc)

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