Common use of Liabilities, Litigation and Restrictions Clause in Contracts

Liabilities, Litigation and Restrictions. As of the Closing Date, other than as listed under the heading "Liabilities" on Exhibit VI attached hereto, the Borrower has no liabilities, direct, or contingent, which would result in a Material Adverse Effect, except as set forth under the heading "Litigation" on Exhibit VI hereto, no litigation or other action of any nature affecting the Borrower is pending before any Governmental Authority or, to the best knowledge of the Borrower, threatened against or affecting the Borrower which might reasonably be expected to result in any material impairment of its ownership of any Collateral or have a Material Adverse Effect. To the best knowledge of the Borrower, after due inquiry, no unusual or unduly burdensome restriction, restraint or hazard exists by contract, Requirement of Law, or otherwise relative to the business or operations of the Borrower or the ownership and operation of the Collateral would result in a Material Adverse Effect, other than such as relate generally to Persons engaged in business activities similar to those conducted by the Borrower.

Appears in 2 contracts

Samples: Credit Agreement (Primeenergy Corp), Credit Agreement (Primeenergy Corp)

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Liabilities, Litigation and Restrictions. As of the Closing ----------------------------------------- Date, other than as listed under the heading "Liabilities" on Exhibit VI attached hereto, the Borrower has no liabilities, direct, or contingent, which would result in a Material Adverse Effect, except as set forth under the heading "Litigation" on Exhibit VI hereto, no litigation or other action of any nature affecting the Borrower is pending before any Governmental Authority or, to the best knowledge of the Borrower, threatened against or affecting the Borrower which might reasonably be expected to result in any material impairment of its ownership of any Collateral or have a Material Adverse Effect. To the best knowledge of the Borrower, after due inquiry, no unusual or unduly burdensome restriction, restraint or hazard exists by contract, Requirement of Law, or otherwise relative to the business or operations of the Borrower or the ownership and operation of the Collateral would result in a Material Adverse Effect, other than such as relate generally to Persons engaged in business activities similar to those conducted by the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Sheridan Energy Inc)

Liabilities, Litigation and Restrictions. As Other than as disclosed on the Financial Statements of the Closing Date, other than Borrowers dated as listed under of the heading "Liabilities" on Exhibit VI attached heretodates set forth in Section 4.1(h), the Borrower has Borrowers have no liabilities, direct, direct or contingent, which would result in a Material Adverse Effectmay materially and adversely affect its business, except operations or ownership of the Collateral. Except as set forth under the heading "Litigation" on Exhibit VI "E" hereto, no litigation or other action Litigation of any nature affecting the any Borrower is pending before any Governmental Authority Tribunal or, to the best knowledge of the any Borrower, threatened against or affecting the such Borrower which might reasonably be expected to result in any material impairment of its ownership of any Collateral or to have a Material Adverse Effect. To the best knowledge of the BorrowerBorrowers, after due inquiry, no unusual or unduly burdensome restriction, restraint or hazard exists by contract, Requirement of Law, or otherwise relative to the material business or operations of the any Borrower or the ownership and operation of a material portion of the Collateral would result in a Material Adverse Effect, other than such as relate generally to Persons engaged in business activities similar to those conducted by the any Borrower.

Appears in 1 contract

Samples: Credit Agreement (GMX Resources Inc)

Liabilities, Litigation and Restrictions. As of the Closing Date, other Other than as listed under the heading "Liabilities" on Exhibit VI IV attached hereto, the Borrower has Borrowers have no liabilities, direct, or contingent, which would result in a Material Adverse Effect, except may materially and adversely affect its business or operations or its ownership of the Collateral. Except as set forth under the heading "Litigation" on Exhibit VI IV hereto, no litigation or other action of any nature affecting the any Borrower is pending before any Governmental Authority or, to the best knowledge of the any Borrower, threatened against or affecting the any Borrower which might reasonably be expected to result in any material impairment of its ownership of any Collateral or have a Material Adverse Effect. To the best knowledge of the any Borrower, after due inquiry, no unusual or unduly burdensome restriction, restraint or hazard exists by contract, Requirement of Law, or otherwise relative to the business or operations of the any Borrower or the ownership and operation of the Collateral would result in a Material Adverse Effect, other than such as relate generally to Persons engaged in business activities similar to those conducted by the any Borrower.

Appears in 1 contract

Samples: Credit Agreement (United Heritage Corp)

Liabilities, Litigation and Restrictions. As Other than as disclosed on ----------------------------------------- the Financial Statements of the Closing DateBorrower dated September 30, other than as listed under the heading "Liabilities" on Exhibit VI attached hereto1997, the Borrower has no liabilities, direct, direct or contingent, which would result in a Material Adverse Effectmay materially and adversely affect its business, except operations or ownership of the Collateral. Except as set forth under the heading "Litigation" on Exhibit VI D attached hereto, no litigation or other action Litigation ---------- --------- of any nature affecting the Borrower is pending before any Governmental Authority Tribunal or, to the best knowledge of the Borrower, threatened against or affecting the Borrower which might reasonably be expected to result in any material impairment of its ownership of any Collateral or to have a Material Adverse Effect. To the best knowledge of the Borrower, after due inquiry, no unusual or unduly burdensome restriction, restraint or hazard exists by contract, Requirement of Law, or otherwise relative to the material business or operations of the Borrower or the ownership and operation of a material portion of the Collateral would result in a Material Adverse Effect, other than such as relate generally to Persons engaged in business activities similar to those conducted by the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Canaan Energy Corp)

Liabilities, Litigation and Restrictions. As of the Closing Date, other Other than as listed under the heading "Liabilities" on Exhibit VI IV attached hereto, the Borrower has no liabilities, direct, or contingent, which would result in a Material Adverse Effect, except may materially and adversely affect its business or operations. Except as set forth under the heading "Litigation" on Exhibit VI IV hereto, no litigation or other action of any nature affecting the Borrower is pending before any Governmental Authority or, to the best knowledge of the Borrower, threatened against or affecting the Borrower which might reasonably be expected to result in any material impairment of its ownership of any Collateral its Property or have a Material Adverse Effect. To the best knowledge of the Borrower, after due inquiry, no unusual or unduly burdensome restriction, restraint or hazard exists by contract, Requirement of Law, or otherwise relative to the business or operations of the Borrower or the ownership and operation of the Collateral would result in a Material Adverse Effect, other than such as relate generally to Persons engaged in business activities similar to those conducted by the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Dril-Quip Inc)

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Liabilities, Litigation and Restrictions. As of the Closing Date, other Other than as listed under the heading "Liabilities" on Exhibit VI attached hereto, the Borrower has no liabilities, direct, or contingent, which would result in a Material Adverse Effect, except may materially and adversely affect its business or operations or its ownership of the Collateral. Except as set forth under the heading "Litigation" on Exhibit VI hereto, no litigation or other action of any nature affecting the Borrower is pending before any Governmental Authority or, to the best knowledge of the Borrower, threatened against or affecting the Borrower which might reasonably be expected to result in any material impairment of its ownership of any Collateral or have a Material Adverse Effect. To the best knowledge of the Borrower, after due inquiry, no unusual or unduly burdensome restriction, restraint or hazard exists by contract, Requirement of Law, or otherwise relative to the business or operations of the Borrower or the ownership and operation of the Collateral would result in a Material Adverse Effect, other than such as relate generally to Persons engaged in business activities similar to those conducted by the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Domain Energy Corp)

Liabilities, Litigation and Restrictions. As of the Closing Date, other than as listed under the heading "Liabilities" on Exhibit VI V attached hereto, the Borrower has no liabilities, direct, or contingent, which would result in a Material Adverse Effect, except as set forth under the heading "Litigation" on Exhibit VI V hereto, no litigation or other action of any nature affecting the Borrower is pending before any Governmental Authority or, to the best knowledge of the Borrower, threatened against or affecting the Borrower which might reasonably be expected to result in any material impairment of its ownership of any Collateral or have a Material Adverse Effect. To the best knowledge of the Borrower, after due inquiry, no unusual or unduly burdensome restriction, restraint or hazard exists by contract, Requirement of Law, or otherwise relative to the business or operations of the Borrower or the ownership and operation of the Collateral would result in a Material Adverse Effect, other than such as relate generally to Persons engaged in business activities similar to those conducted by the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Primeenergy Corp)

Liabilities, Litigation and Restrictions. As of the Closing Date, other Other than as listed under the heading "Liabilities" on Exhibit VI V attached hereto, the Borrower has no liabilities, direct, or contingent, which would result in a Material Adverse Effect, except may materially and adversely affect its business or operations or its ownership of the Collateral. Except as set forth under the heading "Litigation" on Exhibit VI V hereto, no litigation or other action of any nature affecting the Borrower is are pending before any Governmental Authority or, to the best knowledge of the Borrower, threatened against or affecting the Borrower which might reasonably be expected to result in any material impairment of its ownership of any Collateral or have a Material Adverse Effect. To the best knowledge of the Borrower, after due inquiry, no unusual or unduly burdensome restriction, restraint or hazard exists by contract, Requirement of Law, or otherwise relative to the business or operations of the Borrower or the ownership and operation of the Collateral would result in a Material Adverse Effect, other than such as relate generally to Persons engaged in business activities similar to those conducted by the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Exploration Co of Delaware Inc)

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