Common use of LIMITATION ON RIGHT TO COMPENSATION Clause in Contracts

LIMITATION ON RIGHT TO COMPENSATION. Any demand for compensation pursuant to Article V (other than Section 5.06) must be made on or before six (6) months after the Lender incurs the expense, cost or economic loss referred to or such Lender shall be deemed to have waived the right to such compensation. Any demand for compensation pursuant to Section 5.06 must be made on or before twelve (12) months after the Lender incurs the expense, cost or economic loss referred to or such Lender shall be deemed to have waived the right to such compensation.

Appears in 3 contracts

Samples: Global Credit Agreement (Ocean Energy Inc), Global Credit Agreement (Ocean Energy Inc), Global Credit Agreement (Ocean Energy Inc)

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LIMITATION ON RIGHT TO COMPENSATION. Any demand for compensation pursuant to Article V (other than Section 5.065.03) must be made on or before six (6) months after the Lender incurs the expense, cost or economic loss referred to or such Lender shall be deemed to have waived the right to such compensation. Any demand for compensation pursuant to Section 5.06 5.03 must be made on or before twelve (12) months after the Lender incurs the expense, cost or economic loss referred to or such Lender shall be deemed to have waived the right to such compensation.

Appears in 2 contracts

Samples: Credit Agreement (Ocean Energy Inc), Credit Agreement (Ocean Energy Inc)

LIMITATION ON RIGHT TO COMPENSATION. Any demand for compensation pursuant to Article V (other than Section 5.065.03) must be made on or before six (6) months after the Lender incurs the expense, cost or economic loss referred to or such Lender shall be deemed to have waived the right to such compensation. Any demand for compensation pursuant to Section 5.06 must be made on or before twelve (12) months after the Lender incurs the expense, cost or economic loss referred to or such Lender shall be deemed to have waived the right to such compensation. Any demand for compensation pursuant to Section 5.03 must be made on or before twenty-four (24) months after the Lender incurs the expense, cost or economic loss referred to or such Lender shall be deemed to have waived the right to such compensation.

Appears in 1 contract

Samples: Credit Agreement (United Meridian Corp)

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LIMITATION ON RIGHT TO COMPENSATION. Any demand for compensation pursuant to Article V (other than Section 5.06) must be made on or before six twelve (612) months after the Lender incurs the expense, cost or economic loss referred to or such Lender shall be deemed to have waived the right to such compensation. Any demand for compensation pursuant to Section 5.06 must be made on or before twelve twenty-four (1224) months after the Lender incurs the expense, cost or economic loss referred to or such Lender shall be deemed to have waived the right to such compensation.

Appears in 1 contract

Samples: Global Credit Agreement (United Meridian Corp)

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