Limitation on Conduct of Business. The Company shall not, and shall not permit any of its Restricted Subsidiaries to, engage in the conduct of any business other than the Oil and Gas Business.
Appears in 7 contracts
Samples: First Supplemental Indenture (KCS Energy Inc), Indenture (Flores & Rucks Inc /De/), Indenture (Ocean Energy Inc)
Limitation on Conduct of Business. The Company shall not, and shall not permit any of its Restricted Subsidiaries to, engage in the conduct of any business other than the Oil and Gas Business, except that the Company and the Restricted Subsidiaries may engage in any business other than the Oil and Gas Business, provided that the consolidated assets of the Company and the Restricted Subsidiaries used in such business shall not exceed, at any time, 10% of Adjusted Consolidated Net Tangible Assets.
Appears in 3 contracts
Samples: First Supplemental Indenture (Xto Energy Inc), Indenture (Xto Energy Inc), First Supplemental Indenture (Xto Energy Inc)
Limitation on Conduct of Business. The Company shall not, and shall not permit any of its Restricted Subsidiaries to, engage in the conduct of any business other than the Oil and Gas Business, except that the Company and the Restricted Subsidiaries may engage in any business other than the Oil and Gas Business; provided, that the consolidated assets of the Company and the Restricted Subsidiaries used in such business shall not exceed, at any time, 10% of Adjusted Consolidated Net Tangible Assets.
Appears in 3 contracts
Samples: Indenture (Pogo Producing Co), Indenture (Pogo Producing Co), Indenture (Pogo Producing Co)
Limitation on Conduct of Business. The Company shall not, and shall not permit any of its Restricted Subsidiaries to, engage in the conduct of any business other than the Oil and Gas Business.
Appears in 2 contracts
Samples: Indenture (Baytex Energy LTD), Indenture (Baytex Energy LTD)
Limitation on Conduct of Business. The Company shall not, and shall not permit any of its Restricted Subsidiaries to, engage in the conduct of any business other than the Oil and Gas Business, except that the Company and the Restricted Subsidiaries may engage in any business other than the Oil and Gas Business; provided that the consolidated assets of the Company and the Restricted Subsidiaries used in such business shall not exceed, at any time, 10% of Adjusted Consolidated Net Tangible Assets.
Appears in 2 contracts
Samples: Indenture (Cross Timbers Oil Co), Indenture (Cross Timbers Oil Co)
Limitation on Conduct of Business. The Company shall not, and shall not permit any of its Restricted Subsidiaries to, engage in the conduct of any business other than the Oil oil field services business and Gas Businesssuch other businesses as are reasonably necessary or desirable to facilitate the conduct and operation of such business.
Appears in 1 contract
Samples: Indenture (Grant Geophysical Inc)
Limitation on Conduct of Business. The Company shall will not, and shall will not permit any of its Restricted Subsidiaries to, engage in the conduct of any business other than the Crude Oil and Natural Gas Business.. 57 145385.01
Appears in 1 contract
Samples: Indenture (Abraxas Petroleum Corp)
Limitation on Conduct of Business. The Company shall will not, and shall will not permit any of its Restricted Subsidiaries to, engage in the conduct of any business other than the Crude Oil and Natural Gas Business and the Lube Oil Business.
Appears in 1 contract
Samples: Indenture (XCL LTD)
Limitation on Conduct of Business. The Company shall will not, and shall will not permit any of its Restricted Subsidiaries to, engage in the conduct of any business other than the Crude Oil and Natural Gas Business.
Appears in 1 contract
Limitation on Conduct of Business. The Company shall will not, and shall will not permit any of its Restricted Subsidiaries to, engage in the conduct of any material business other than the Crude Oil and Natural Gas Business.
Appears in 1 contract
Limitation on Conduct of Business. The Company shall will not, and shall will not permit any of its Restricted Subsidiaries to, engage in the conduct of any business other than the Oil and Gas Business.
Appears in 1 contract
Limitation on Conduct of Business. The Company shall not, and shall not permit any of its Restricted Subsidiaries to, engage in the conduct of any business other than the Oil and Gas any Related Business.
Appears in 1 contract
Samples: Indenture (Willcox & Gibbs Inc /De)
