Common use of Material Adverse Claims Clause in Contracts

Material Adverse Claims. The Borrower will, and will cause each other Loan Party to, except for Permitted Encumbrances, do all things necessary to defend, protect and maintain its property from all material adverse claims where the failure to do so in the opinion of the Lenders, acting reasonably, threatens the intended priority or validity of the Security as herein provided, or could reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement

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Material Adverse Claims. The Borrower will, and will cause each other Loan Party to, do all things necessary to defend and protect their property from all material adverse claims, and to maintain their property free therefrom except for Permitted Encumbrances, do all things necessary to defend, protect and maintain its property from all material adverse claims where the failure to do so (i) in the opinion of the LendersAgent and/or the Collateral Agent, acting reasonably, threatens the actual or intended priority or validity of Security Documents and the Security Interests created therein, as herein providedprovided herein, in the Security Documents and in the Intercreditor Agreement, or could (ii) has or would reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Penn West Petroleum Ltd.)

Material Adverse Claims. The Borrower will, and will cause each other Loan Party to, except for Permitted Encumbrances, do all things necessary to defend, protect and maintain its property from all material adverse claims where the failure to do so in the opinion of the Lenders, acting reasonably, threatens the intended priority or validity of the Security as herein provided, or could would reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Gran Tierra Energy Inc.)

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Material Adverse Claims. The Borrower will, and will cause each other Loan Party to, except for Permitted Encumbrances, to do all things necessary to defend, protect and maintain its property and the Security (and the priority thereof) from all material adverse claims claims, including where the failure to do so in the opinion of the Lenders, acting reasonably, threatens the intended priority or validity of the Security as herein provided, or could would reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement

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