Common use of Notice of Casualty Events Clause in Contracts

Notice of Casualty Events. Prompt written notice, and in any event within three Business Days after the Borrower obtains knowledge of the occurrence of any Casualty Event or the commencement of any action or proceeding that could reasonably be expected to result in a Casualty Event.

Appears in 7 contracts

Samples: Senior Revolving Credit Agreement (Halcon Resources Corp), Senior Revolving Credit Agreement (Halcon Resources Corp), Senior Revolving Credit Agreement (Petrohawk Energy Corp)

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Notice of Casualty Events. Prompt written notice, and in any event within three (3) Business Days after the date Borrower obtains knowledge thereof, of the occurrence of any Casualty Event or the commencement of any action or proceeding that could reasonably be expected to result in a Casualty Event, in each case that could reasonably be expected to result in a reduction of the Borrowing Base pursuant to Section 9.12(d)(iv).

Appears in 3 contracts

Samples: Credit Agreement (Vitesse Energy, Inc.), Credit Agreement (Vitesse Energy, Inc.), Credit Agreement (Vitesse Energy, Inc.)

Notice of Casualty Events. Prompt written notice, and in any event within three (3) Business Days after the Borrower obtains knowledge of the occurrence of any Casualty Event or the commencement of any action or proceeding that could reasonably be expected to result in a Casualty EventEvent having a fair market value in excess of $7,500,000.

Appears in 3 contracts

Samples: Senior Secured Credit Agreement (Battalion Oil Corp), Senior Secured Credit Agreement (Battalion Oil Corp), Senior Secured Credit Agreement (Battalion Oil Corp)

Notice of Casualty Events. Prompt written notice, and in any event within three Business Days after following the Borrower obtains knowledge thereof by, or the services of process on, (as the case may be) a Responsible Officer of the Borrower, of the occurrence of any Casualty Event or the commencement of any action or proceeding that could reasonably be expected to result in a Casualty Event.

Appears in 3 contracts

Samples: Credit Agreement (Rex Energy Corp), Second Lien Credit Agreement (Rex Energy Corp), Credit Agreement (Rex Energy Corp)

Notice of Casualty Events. Prompt written notice, and in any event within three Business Days after Days, of the Borrower obtains Borrower’s knowledge of the an occurrence of any Casualty Event or the commencement of any action or proceeding that could would reasonably be expected to result in a Casualty Event.

Appears in 1 contract

Samples: Credit Agreement (SM Energy Co)

Notice of Casualty Events. Prompt written notice, and in any event within three five (5) Business Days after the of a Borrower obtains obtaining knowledge of the occurrence of any Casualty Event or the commencement of any action or proceeding that could would reasonably be expected to result in a Casualty Event.

Appears in 1 contract

Samples: Credit Agreement (Energy Resources 12, L.P.)

Notice of Casualty Events. Prompt written notice, and in any event within three Business Days after Days, of the Borrower obtains Borrower’s knowledge of the an occurrence of any Casualty Event or the commencement of any action or proceeding that could reasonably be expected to result in a Casualty Event.

Appears in 1 contract

Samples: Credit Agreement (SM Energy Co)

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Notice of Casualty Events. Prompt written notice, and in any event within three (3) Business Days after the Borrower obtains knowledge of the occurrence of any Casualty Event or the commencement of any action or proceeding that could reasonably be expected to result in a Casualty EventEvent having a fair market value in excess of $500,000.

Appears in 1 contract

Samples: Junior Secured Debtor in Possession Credit Agreement (Halcon Resources Corp)

Notice of Casualty Events. Prompt written notice, and in any event within three (3) Business Days after the Borrower obtains knowledge of the occurrence of any Casualty Event or the commencement of any action or proceeding that could reasonably be expected to result in a Casualty EventEvent in respect of Property having a fair market value prior to such Casualty Event in excess of $10.0 million.

Appears in 1 contract

Samples: Senior Secured Debtor in Possession Revolving Credit Agreement (Halcon Resources Corp)

Notice of Casualty Events. Prompt written notice, and in any event within three (3) Business Days after the Borrower obtains knowledge of the occurrence of any Casualty Event or the commencement of any action or proceeding that could reasonably be expected to result in a Casualty EventEvent having a fair market value in excess of $5,000,000.

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (Halcon Resources Corp)

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