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.
Appears in 6 contracts
Samples: Credit Agreement (WildHorse Resource Development Corp), Credit Agreement (WildHorse Resource Development Corp), Credit Agreement (Memorial Resource Development Corp.)
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.
Appears in 5 contracts
Samples: Credit Agreement (Sundance Energy Inc.), Term Loan Credit Agreement (Sundance Energy Inc.), Credit Agreement (Sundance Energy Inc.)
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.
Appears in 4 contracts
Samples: Credit Agreement (Us Energy Corp), Credit Agreement (Rosehill Resources Inc.), Credit Agreement (Rosehill Resources Inc.)
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.
Appears in 3 contracts
Samples: Second Lien Credit Agreement (LRR Energy, L.P.), Credit Agreement (LRR Energy, L.P.), Credit Agreement (LRR Energy, L.P.)
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.
Appears in 2 contracts
Samples: Credit Agreement (Primeenergy Resources Corp), Credit Agreement (Primeenergy Corp)
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.
Appears in 2 contracts
Samples: Credit Agreement (Emerald Oil, Inc.), Credit Agreement (Emerald Oil, Inc.)
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]
Appears in 2 contracts
Samples: Credit Agreement (Sundance Energy Inc.), Restructuring Support Agreement (Sundance Energy Inc.)
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.
Appears in 1 contract
Samples: Credit Agreement (Memorial Resource Development LLC)
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.
Appears in 1 contract
Samples: Junior Convertible Secured Debtor in Possession Credit Agreement (Rosehill Resources Inc.)
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 have, acquire or create any Foreign Subsidiary.
Appears in 1 contract
