Common use of No Default/No Event of Default/No Borrowing Base Deficiency Clause in Contracts

No Default/No Event of Default/No Borrowing Base Deficiency. No Default, Event of Default or Borrowing Base Deficiency shall have occurred and be continuing. The Administrative Agent is hereby authorized and directed to declare this Sixth Amendment to be effective when it has received documents confirming or certifying, to the satisfaction of the Administrative Agent, compliance with the conditions set forth in this Section 4. Such declaration shall be final, conclusive and binding upon all parties to the Credit Agreement for all purposes.

Appears in 1 contract

Samples: Credit Agreement (Petroquest Energy Inc)

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No Default/No Event of Default/No Borrowing Base Deficiency. No Default, Event of Default or Borrowing Base Deficiency shall have occurred and be continuing. The Administrative Agent is hereby authorized and directed to declare this Sixth Tenth Amendment to be effective when it has received documents confirming or certifying, to the satisfaction of the Administrative Agent, compliance with the conditions set forth in this Section 4. Such declaration shall be final, conclusive and binding upon all parties to the Credit Agreement for all purposes.

Appears in 1 contract

Samples: Credit Agreement (Petroquest Energy Inc)

No Default/No Event of Default/No Borrowing Base Deficiency. No Default, Event of Default or Borrowing Base Deficiency shall have occurred and be continuing. The Administrative Agent is hereby authorized and directed to declare this Sixth Seventh Amendment to be effective when it has received documents confirming or certifying, to the satisfaction of the Administrative Agent, compliance with the conditions set forth in this Section 4. Such declaration shall be final, conclusive and binding upon all parties to the Credit Agreement for all purposes.

Appears in 1 contract

Samples: Credit Agreement (Petroquest Energy Inc)

No Default/No Event of Default/No Borrowing Base Deficiency. No Default, Event of Default or Borrowing Base Deficiency shall have occurred and existed or be continuing, immediately prior to and after giving effect to the terms and amendments of this Fifth Amendment. The Administrative Agent is hereby authorized and directed to declare this Sixth Fifth Amendment to be effective when it has received documents confirming or certifying, to the satisfaction of the Administrative Agent, compliance with the conditions set forth in this Section 45. Such declaration shall be final, conclusive and binding upon all parties to the Credit Agreement for all purposes.

Appears in 1 contract

Samples: Credit Agreement (Petroquest Energy Inc)

No Default/No Event of Default/No Borrowing Base Deficiency. No Default, Event of Default or Borrowing Base Deficiency shall have occurred and be continuing. The Administrative Agent is hereby authorized and directed to declare this Sixth Ninth Amendment to be effective when it has received documents confirming or certifying, to the satisfaction of the Administrative Agent, compliance with the conditions set forth in this Section 43. Such declaration shall be final, conclusive and binding upon all parties to the Credit Agreement for all purposes.

Appears in 1 contract

Samples: Credit Agreement (Petroquest Energy Inc)

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No Default/No Event of Default/No Borrowing Base Deficiency. No Default, Event of Default or Borrowing Base Deficiency shall have occurred and be continuing. The Administrative Agent is hereby authorized and directed to declare this Sixth Eighth Amendment to be effective when it has received documents confirming or certifying, to the satisfaction of the Administrative Agent, compliance with the conditions set forth in this Section 4. Such declaration shall be final, conclusive and binding upon all parties to the Credit Agreement for all purposes.

Appears in 1 contract

Samples: Credit Agreement (Petroquest Energy Inc)

No Default/No Event of Default/No Borrowing Base Deficiency. No Default, Event of Default or Borrowing Base Deficiency shall have occurred and be continuing, after giving effect to the terms of this Fourth Amendment. The Administrative Agent is hereby authorized and directed to declare this Sixth Fourth Amendment to be effective when it has received documents confirming or certifying, to the satisfaction of the Administrative Agent, compliance with the conditions set forth in this Section 45. Such declaration shall be final, conclusive and binding upon all parties to the Credit Agreement for all purposes.

Appears in 1 contract

Samples: Credit Agreement (Petroquest Energy Inc)

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