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, of the occurrence of any Casualty Event or the commencement of any legal action or proceeding that could reasonably be expected to result in a Casualty Event, in each case, of any Property of any Loan Party having a fair market value in excess of $10,000,000.

Appears in 3 contracts

Samples: Credit Agreement (McMoran Exploration Co /De/), Credit Agreement (McMoran Exploration Co /De/), Credit Agreement (McMoran Exploration Co /De/)

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Notice of Casualty Events. Prompt written notice, and in any event within three (3) Business Days, of the occurrence of any Casualty Event or the commencement of any legal action or proceeding that could reasonably be expected to result in a Casualty Event, in each case, of any Property of any Loan Party having a fair market value in excess of $10,000,00025,000,000.

Appears in 3 contracts

Samples: Credit Agreement (Eagle Rock Energy Partners L P), Credit Agreement (Eagle Rock Energy Partners L P), Credit Agreement (Eagle Rock Energy Partners L P)

Notice of Casualty Events. Prompt written notice, and in any event within three Business Days, of the occurrence of any Casualty Event having a Fair Market Value in excess of $10,000,000 or the commencement of any legal action or proceeding that could reasonably be expected to result in a Casualty Event, in each case, of any Property of any Loan Party Event having a fair market value Fair Market Value in excess of $10,000,000.

Appears in 3 contracts

Samples: Credit Agreement (Gran Tierra Energy Inc.), Credit Agreement (Gran Tierra Energy Inc.), Credit Agreement (Gran Tierra Energy Inc.)

Notice of Casualty Events. Prompt written notice, and in any event within three Business Days, of the occurrence of any Casualty Event having a fair market value in excess of $2,500,000 or the commencement of any legal action or proceeding that could reasonably be expected to result in a Casualty Event, in each case, of any Property of any Loan Party Event having a fair market value in excess of $10,000,0002,500,000.

Appears in 3 contracts

Samples: Credit Agreement, Credit Agreement (New Source Energy Partners L.P.), Credit Agreement (New Source Energy Partners L.P.)

Notice of Casualty Events. Prompt written notice, and in any event within three (3) Business DaysDays (or such other time as the Administrative Agent may agree), of the occurrence of any Casualty Event or the commencement of any legal action or proceeding that could reasonably be expected to result in a Casualty Event, in each case, of any Property of any Loan Party having a fair market value Fair Market Value in excess of $10,000,0001,000,000.

Appears in 2 contracts

Samples: Senior Secured Revolving Credit Agreement (Goodrich Petroleum Corp), Senior Secured Revolving Credit Agreement (Goodrich Petroleum Corp)

Notice of Casualty Events. Prompt written notice, and in any event within three Business DaysDays (or such later date as the Administrative Agent may agree to in its sole discretion), of the occurrence of any Casualty Event in excess of $5,000,000 or the commencement of any legal action or proceeding that could reasonably be expected to result in a Casualty Event, in each case, of any Property of any Loan Party having a fair market value Event in excess of $10,000,000.

Appears in 2 contracts

Samples: Credit Agreement (Riviera Resources, LLC), Credit Agreement (Linn Energy, Inc.)

Notice of Casualty Events. Prompt written notice, and in any event within three (3) Business Days, of the occurrence of any Casualty Event or the commencement of any legal action or proceeding that could reasonably be expected to result in a Casualty Event, in each case, of any case with respect to Property of any Loan Party having a an aggregate fair market value in excess of $10,000,000.250,000;

Appears in 1 contract

Samples: Credit Agreement (Cryo Cell International Inc)

Notice of Casualty Events. Prompt written notice, and in any event within three Business Days, Days of the occurrence of any Casualty Event having a fair market value in excess of $5,000,000 or the commencement of any legal action or proceeding that could reasonably be expected to result in a Casualty Event, in each case, of any Property of any Loan Party Event having a fair market value in excess of $10,000,0005,000,000.

Appears in 1 contract

Samples: Credit Agreement (Contango Oil & Gas Co)

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Notice of Casualty Events. Prompt written notice, and in any event within three ten Business Days, Days of the occurrence of any Casualty Event having a fair market value in excess of 91 $10,000,000 or the commencement of any legal action or proceeding that could reasonably be expected to result in a Casualty Event, in each case, of any Property of any Loan Party Event having a fair market value in excess of $10,000,000.

Appears in 1 contract

Samples: Credit Agreement (Berry Corp (Bry))

Notice of Casualty Events. Prompt written notice, and in any event within three Business Days, of the occurrence of any Casualty Event or the commencement of any legal action or proceeding that could reasonably be expected to result in a Casualty Event, in each case, of case with respect to any Property of the Borrower or any Loan Party of its Subsidiaries having a fair market value in excess of $10,000,0001,000,000.

Appears in 1 contract

Samples: Credit Agreement (Vitesse Energy, Inc.)

Notice of Casualty Events. Prompt written notice, and in any event within three Business Days, of the occurrence of any Casualty Event in excess of $50,000,000 or the commencement of any legal action or proceeding that could reasonably be expected to result in a Casualty Event, in each case, of any Property of any Loan Party having a fair market value Event in excess of $10,000,000.50,000,000. Credit Agreement US 793906v.7

Appears in 1 contract

Samples: Credit Agreement (Linn Energy, LLC)

Notice of Casualty Events. Prompt written notice, and in any event within three (3) Business Days, after the Company obtains knowledge of the occurrence of any Casualty Event or the commencement of any legal action or proceeding that could reasonably be expected to result in a Casualty Event, in each case, of any Property of any Loan Party Event having a fair market value in excess of $10,000,0001,000,000.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Phoenix Capital Group Holdings, LLC)

Notice of Casualty Events. Prompt written notice, and in any event within three Business Days, of the occurrence of any Casualty Event in excess of $50,000,000 or the commencement of any legal action or proceeding that could reasonably be expected to result in a Casualty Event, in each case, of any Property of any Loan Party having a fair market value Event in excess of $10,000,00050,000,000.

Appears in 1 contract

Samples: Credit Agreement (Linn Energy, LLC)

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