Maintenance of Interest. On or before each March 31 beginning in 2008, so long as any of the Obligations are outstanding, the Servicer shall furnish to the Insurer and the Indenture Trustee an officers’ certificate either stating that such action has been taken with respect to the recording, filing, rerecording and refiling of any financing statements and continuation statements as is necessary to maintain the interest of the Indenture Trustee in the Trust Estate created by the Indenture and reciting the details of such action or stating that no such action is necessary to maintain such interests. Such officers’ certificate shall also describe the recording, filing, rerecording and refiling of any financing statements and continuation statements that will be required to maintain the interest of the Indenture Trustee in the Trust Estate until the date such next officers’ certificate is due. The Servicer will use its best efforts to cause any necessary recordings or filings to be made with respect to the Trust Estate.
Maintenance of Interest. On or before each March 31 beginning in 2006, the Issuer shall provide to the Insurer, without any additional request by the Insurer, the Opinion of Counsel referenced in Section 8.11(d) of the Base Indenture. On or before each March 31 beginning in 2006, so long as any of the Notes are outstanding, the Issuer shall furnish to the Insurer and the Trustee an Opinion of Counsel either stating that, in the opinion of such counsel, such action has been taken with respect to the recording, filing, rerecording and refiling of any financing statements and continuation statements as is necessary to maintain the interest of the Trustee and the interest of the Collateral Agent in the Collateral and reciting the details of such action or stating that, in the opinion of such counsel, no such action is necessary to maintain such interests. Such Opinion of Counsel shall also describe the recording, filing, rerecording and refiling of any financing statements and continuation statements that will be required to maintain the interest of the Trustee in the Indenture Collateral and the interest of the Collateral Agent in the Vehicle Collateral until the date such next Opinion of Counsel is due.
Maintenance of Interest. The Issuer will use its best efforts to cause any necessary recordings or filings to be made with respect to the Collateral.
Maintenance of Interest. At the end of any two consecutive fiscal quarters during each of the periods specified in the table below, the Cash Flow Coverage of the Company for such two fiscal quarters then ending shall equal or exceed the ration set opposite that period: Period Coverage Ratio ------ -------------- September 30, 1997 to March 30, 1999 2.0 to 1.0 After March 30, 1999 2.5 to 1.0
Maintenance of Interest. Seller will use its best efforts from the date of this Agreement until Closing, to maintain and operate the Oil and Gas Properties in a reasonable and prudent manner, in full compliance with law and orders of any governmental authority, to maintain insurance now in force with respect to the Oil and Gas Properties, to pay when due all costs and expenses coming due and payable in connection with the Oil and Gas Properties, and to perform all of the covenants and conditions contained in the Related Contracts. Without the prior written consent of Buyer, which consent will not be unreasonably withheld, Seller will not: (i) develop, maintain or operate the Oil and Gas Properties in a manner inconsistent with prior operations or introduce any new method of operation or accounting with respect to the Oil and Gas Properties; (ii) enter into any new l:214051.35 agreements or commitments with respect to the Oil and Gas Properties; (iii) incur any liabilities other than in the ordinary course for normal operating expenses on the Oil and Gas Properties; (iv) abandon, or consent to abandonment of, any producing, shut-in or injection well located on the Oil and Gas Properties, nor release or abandon all or any portion of the Oil and Gas Properties; (v) modify or terminate any of the Oil and Gas Properties or waive any right thereunder; (vi) encumber, sell or otherwise dispose of any of the Oil and Gas Properties other than personal property that is replaced with equivalent property or consumed in the ordinary course of operation of the Oil and Gas Properties and other than Hydrocarbons sold in the ordinary course of business; or (vii) enter into any new production purchase or sale agreement with a term greater than 30 days relating to the Oil and Gas Properties.
Maintenance of Interest. Rate CollarThe Borrower shall have taken all actions necessary to maintain in full force and effect the agreement providing for an interest rate collar with respect to the loans under the Prior Credit Agreement (with such amendments and modifications thereof as may be necessary to ensure the applicability of such agreement to not less than $75,000,000 of the principal amount of the Notes and Loans hereunder) (the "Interest Collar"). The term of the Interest Collar shall not expire before the Maturity Date. The Interest Collar shall be provided by any Bank which is a party to this Agreement or a bank or other financial institution that has unsecured, uninsured and unguaranteed long-term debt which is rated at least A-3 by Moodx'x Xxxestor Service, Inc. or at least A- by Standard & Poor Corporation. The Borrower shall deliver to the Agent such documents or other information as the Agent may require to evidence compliance with this Section 10.16.
