Common use of Nature of Business; No International Operations Clause in Contracts

Nature of Business; No International Operations. The Borrower will not, and will not permit any other Loan Party to, allow any material change to be made in the character of its business as an independent oil and gas exploration and production company. The Borrower will not, and will not permit any of the other Loan Parties to, acquire or make any other expenditure (whether such expenditure is capital, operating or otherwise) in or related to, any Oil and Gas Properties not located within the geographical boundaries of the United States.

Nature of Business; No International Operations. The Parent and the Borrower will not, and will not permit any other Loan Party to, allow any material change to be made in the character of its business as an independent oil and gas exploration and production company. The Borrower will not, and Loan Parties will not permit any of the other Loan Parties to, acquire or make any other expenditure expenditures (whether such expenditure is capital, operating or otherwise) in or related to, to any Oil and Gas Properties not located within the geographical boundaries of the United States. The Borrower will not acquire or create any Foreign Subsidiary.

Nature of Business; No International Operations. The Borrower will not, and will not permit any other Loan Party to, allow any material change to be made in the character of its business as an independent oil and gas exploration and production company. The Borrower will not, and Loan Parties will not permit any of the other Loan Parties to, (i) acquire or make any other expenditure expenditures (whether such expenditure is capital, operating or otherwise) in or related to, any Oil and Gas Properties not located within the geographical boundaries of the United StatesStates or (ii) acquire or create any Foreign Subsidiary.

Nature of Business; No International Operations. The Borrower will not, and Loan Parties will not permit any other Loan Party to, allow any material change to be made in the character of its business as an independent oil and gas exploration and production company. The Borrower will not, and will not permit any of the other Loan Parties its Subsidiaries to, acquire or make any other expenditure (whether such expenditure is capital, operating or otherwise) in or related to, any Oil and Gas Properties not located within the geographical boundaries of the United States.

Nature of Business; No International Operations. The Borrower will not, and will not permit any other Loan Party to, allow any material change to be made in the character of its business as an independent oil and gas exploration and production company. The Borrower will not, and Loan Parties will not permit any of the other Loan Parties to, (a) acquire or make any other expenditure expenditures (whether such expenditure is capital, operating or otherwise) in or related to, any Oil and Gas Properties not located within the geographical boundaries of the United StatesU.S. or (b) acquire or create any Foreign Subsidiary.

Nature of Business; No International Operations. The Parent and the Borrower will not, and will not permit any other Loan Party to, allow any material change to be made in the character of its business as an independent oil and gas exploration and production company. The Borrower will not, and Loan Parties will not permit any of the other Loan Parties to, acquire or make any other expenditure expenditures (whether such expenditure is capital, operating or otherwise) in or related to, to any Oil and Gas Properties not located within the geographical boundaries of the United States.. No Loan Party will acquire or create any Foreign Subsidiary. [Credit Agreement]

Nature of Business; No International Operations. The Borrower will not, and will not permit any other Loan Party to, allow any material change to be made in the character of its business as an independent oil and gas exploration and production company. The Borrower will not, and Loan Parties will not permit any of the other Loan Parties to, acquire or make any other expenditure expenditures (whether such expenditure is capital, operating or otherwise) in or related to, any Oil and Gas Properties not located within the geographical boundaries of the United States.

Nature of Business; No International Operations. The Borrower will not, and Loan Parties will not permit any other Loan Party to, allow any material change to be made in the character of its their business as an independent oil and gas exploration and production company. The Borrower will not, and Loan Parties will not permit any of the other Loan Parties to, (i) acquire or make any other expenditure expenditures (whether such expenditure is capital, operating or otherwise) in or related to, any Oil and Gas Properties not located within the geographical boundaries of the United StatesStates or (ii) acquire or create any Foreign Subsidiary.

Nature of Business; No International Operations. The Borrower will not, and will not permit any other Loan Party to, allow engage in any material change to be made in the character of its business as an independent oil and gas exploration and production companyother than any Permitted Business. The Borrower will not, and will not permit any of the other Loan Parties to, acquire or make any other expenditure (whether such expenditure is capital, operating or otherwise) in or related to, any Oil and Gas Properties not located within the geographical boundaries of the United States.