Limitation on Certain Agreements. The Borrower will not, nor will it permit its Subsidiaries to, enter into, assume or otherwise become subject to any agreement (i) restricting their ability to xxxxx x xxxx on their property (except with respect to those properties which are the subject of non-recourse financing permitted under Section 6.10(f) hereof), or (ii) restricting the ability of the Subsidiaries to give a guaranty of the loans and obligations hereunder.
Limitation on Certain Agreements. The Company shall not permit any Collateral Grantor to enter into any agreement that requires the proceeds received from any sale of Collateral to be applied to repay, redeem, defease or otherwise acquire or retire any Indebtedness of any Person, other than (i) the Notes, (ii) any other Pari Passu Obligations or (iii) otherwise as may be permitted or required by this Indenture, the Pari Passu Intercreditor Agreement and the other Collateral Agreements, including with respect to any Permitted Collateral Liens; provided that subject to Section 4.09, any such agreement may be entered into to the extent that it permits such proceeds to be applied to Pari Passu Obligations prior to or instead of such other Indebtedness.
Limitation on Certain Agreements. Permit any breach, withdrawal, restriction, suspension, probation, failure to renew, cancellation, rescission, termination, lapse, alteration, forfeiture or modification of any Operating Agreement and Management Contract except, in each case, to the extent the same could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.
Limitation on Certain Agreements. The Borrower will not, nor will it permit its Subsidiaries to, enter into, assume or otherwise become subject to any agreement (i) restricting their ability to xxxxx x xxxx on their property (except (x) with respect to those properties which are the subject of mortgage financing permitted under Section 6.10(f) hereof, so long as such restrictions do not prohibit the granting of liens on any property other than the applicable property securing the Funded Debt permitted under Section 6.10(f)) and (y) the Xxxxx Fargo Credit Agreement (so long as such agreement is not amended to include restrictions on encumbering assets that are more restrictive than those restrictions contained in the Credit Documents), or (ii) restricting the ability of the Subsidiaries to give a guaranty of the loans and obligations hereunder.
Limitation on Certain Agreements. Enter into Petroleum Price Hedge Agreements or Interest Rate Protection Agreements, except where such agreements are entered into in the ordinary course of business and not for speculative purposes; provided that in the event that the Borrower enters into a Petroleum Price Hedge Agreement or Interest Rate Protection Agreement with a Lender, or an Affiliate thereof, the net liabilities of the Boffower under such Petroleum Price Hedge Agreement or Interest Rate Protection Agreement will rank pari passu with the Borrower's indebtedness under this Agreement.
Limitation on Certain Agreements. Each of the Parent and the Borrower will not, and will not permit their respective Subsidiaries to, enter into, assume or otherwise become subject to any agreement (i) restricting their ability to xxxxx x xxxx on their property (except with respect to (A) those properties which are the subject of mortgage financing permitted under Section 6.10(f) hereof, so long as such restrictions do not prohibit the granting of liens on any property other than the applicable property securing the Funded Debt permitted under Section 6.10(f)), (B) the sale of a Subsidiary or assets pending such sale; provided that in any such case the restrictions apply only to the Subsidiary or the assets that are the subject of such sale, or (C) any agreement (including, without limitation, the Combined Facility) that evidences unsecured Indebtedness which contains restrictions on encumbering property that are substantially similar to those restrictions contained in this Agreement or the other Credit Documents) or (ii) restricting the ability of the Subsidiaries to give a guaranty of the loans and obligations hereunder, in each case other than the Combined Facility.
Limitation on Certain Agreements. 70 7.18 Limitation on Foreign Subsidiaries....................................71 7.19
Limitation on Certain Agreements. The Company shall not permit any Collateral Grantor to enter into any agreement that requires the proceeds received from any sale of Collateral to be applied to repay, redeem, defease or otherwise acquire or retire any Indebtedness of any Person, other than (i) the Notes, (ii) any other First Lien Obligations (so long as the Notes are required to be repaid, redeemed, defeased, acquired or retired on a ratable basis with such other First Lien Obligations) or (iii) otherwise as may be permitted or required by this Indenture or the Collateral Documents, including with respect to any Permitted Collateral Liens; provided that any such agreement may be entered into to the extent it permits such proceeds to be applied to First Lien Obligations (including the Notes) prior to or instead of such other Indebtedness.
Limitation on Certain Agreements. Enter into any Petroleum Price Hedge Agreement or Interest Rate Protection Agreement except where such agreements are entered into in the ordinary course of business (and not for speculative purposes) and designed to protect the Borrower or any of its Subsidiaries against fluctuations in Petroleum prices and interest rates; provided, that with respect to Petroleum Price Hedge Agreements that the aggregate amount of volumes of Petroleum subject to such Petroleum Price Hedge Agreements shall not exceed 75% of the anticipated production from the Borrower's and its Subsidiaries' proved, developed Petroleum reserves for the period covered by such Petroleum Hedge Agreements and provided, further, that in the event that the Borrower enters into a Petroleum Price Hedge Agreement or Interest Rate Protection Agreement with a Lender, or an Affiliate thereof, the net liabilities of the Borrower under such Petroleum Price Hedge Agreement or Interest Rate Protection Agreement will rank pari passu with the Borrower's Indebtedness under this Agreement.
Limitation on Certain Agreements. The Borrower shall not permit any Collateral Grantor to enter into any agreement that requires the proceeds received from any sale of Collateral to be applied to repay, redeem, defease or otherwise acquire or retire any Indebtedness of any Person, other than (i) the Indebtedness under the Loan Documents, (ii) the First Lien Notes, (iii) any other First Lien Obligations, (iv) the Second Lien PIK Notes or (v) otherwise as may be permitted or required by this Agreement or the Collateral Documents, including with respect to any Permitted Collateral Liens; provided that any such agreement may be entered into to the extent it permits such proceeds to be applied to First Lien Obligations prior to or instead of such other Indebtedness.
