Notice of Sales of Oil and Gas Properties. In the event the Borrower or any Restricted Subsidiary intends to sell, transfer, assign or otherwise dispose of at least $25,000,000 worth of any Oil or Gas Properties, of at least $25,000,000 worth of any Midstream Assets or any Equity Interests in any Subsidiary in accordance with Section 9.13, prior written notice of such disposition, the price thereof and the anticipated date of closing.
Appears in 3 contracts
Samples: Senior Revolving Credit Agreement (Petrohawk Energy Corp), Senior Revolving Credit Agreement (Petrohawk Energy Corp), Senior Revolving Credit Agreement (Petrohawk Energy Corp)
Notice of Sales of Oil and Gas Properties. In the event the Borrower Borrowers or any Restricted Subsidiary intends intend to sell, transfer, assign or otherwise dispose of at least $25,000,000 500,000 worth of any Oil or Gas Properties, of at least $25,000,000 worth of any Midstream Assets Properties or any Equity Interests in any Subsidiary in accordance with Section 9.13, prior written notice of such disposition, the price thereof and the anticipated date of closing.
Appears in 2 contracts
Samples: Senior Credit Agreement (Quest Resource Corp), Senior Credit Agreement (Quest Resource Corp)
Notice of Sales of Oil and Gas Properties. In the event the Borrower or any Restricted Subsidiary intends to sell, transfer, assign or otherwise dispose of at least $25,000,000 250,000 worth of any Oil or Gas Properties, of at least $25,000,000 worth of any Midstream Assets Properties or any Equity Interests in any Subsidiary in accordance with Section 9.13, prior written notice of such disposition, the price thereof and the anticipated date of closing.
Appears in 2 contracts
Samples: Senior Revolving Credit Agreement (Petrohawk Energy Corp), Term Loan Agreement (Petrohawk Energy Corp)
Notice of Sales of Oil and Gas Properties. In the event the Borrower or any Restricted Subsidiary intends to sell, transfer, assign or otherwise dispose of at least $25,000,000 500,000 worth of any Oil or Gas Properties, of at least $25,000,000 worth of any Midstream Assets Properties or any Equity Interests in any Subsidiary in accordance with Section 9.13, prior written notice of such disposition, the price thereof and the anticipated date of closing.
Appears in 2 contracts
Samples: Senior Revolving Credit Agreement (Petrohawk Energy Corp), Term Loan Agreement (Petrohawk Energy Corp)
Notice of Sales of Oil and Gas Properties. In the event the Borrower or any Restricted Subsidiary intends to sell, transfer, assign or otherwise dispose of at least $25,000,000 worth of any Oil or Gas Properties, of at least $25,000,000 worth of any Midstream Assets Properties or any Equity Interests in any Subsidiary in accordance with Section 9.13, prior written notice of such disposition, the price thereof and the anticipated date of closing.
Appears in 2 contracts
Samples: Senior Revolving Credit Agreement (Petrohawk Energy Corp), Senior Revolving Credit Agreement (Petrohawk Energy Corp)
Notice of Sales of Oil and Gas Properties. In the event the Borrower or any Restricted Subsidiary intends to sell, transfer, assign or otherwise dispose of at least $25,000,000 2,500,000 worth of any Oil or Gas Properties, of at least $25,000,000 worth of any Midstream Assets Properties or any Equity Interests in any Subsidiary in accordance with Section 9.13, prior written notice of such disposition, the price thereof and the anticipated date of closing.
Appears in 1 contract
Samples: Senior Revolving Credit Agreement (Petrohawk Energy Corp)
Notice of Sales of Oil and Gas Properties. In the event the Borrower or any Restricted Subsidiary intends to sell, transfer, assign or otherwise dispose of at least $25,000,000 worth of any Oil or Gas Properties, Properties individually having a fair market value in excess of at least $25,000,000 worth of any Midstream Assets 15,000,000 or any Equity Interests in any Subsidiary in accordance with Section 9.13, prior written notice of such disposition, the price thereof and the anticipated date of closing.”
Appears in 1 contract
Samples: Credit Agreement (Plains Exploration & Production Co)
Notice of Sales of Oil and Gas Properties. In the event the Borrower or any Restricted Subsidiary intends to sell, transfer, assign or otherwise dispose of at least the greater of $25,000,000 10,000,000 or 5% of the then effective Borrowing Base worth of any Oil or and Gas Properties, of at least $25,000,000 worth of any Midstream Assets Properties or any Equity Interests in any Restricted Subsidiary in accordance with Section 9.139.13,9.13 which are included in the then current Borrowing Base, prior written notice of such disposition, the price thereof and the anticipated date of closing.
Appears in 1 contract
Samples: Senior Revolving Credit Agreement (Halcon Resources Corp)
Notice of Sales of Oil and Gas Properties. In the event the Borrower or any Restricted Subsidiary intends to sell, transfer, assign or otherwise dispose of at least $25,000,000 worth of any Oil or and Gas Properties, of at least $25,000,000 worth of any Midstream Assets Properties or any Equity Interests in any Subsidiary in accordance with Section 9.139.11 with a fair market value in excess of $15,000,000 with respect to any single sale, reasonable prior written notice (and in any event not less than five Business Days’ prior notice) of such disposition, the price thereof and the anticipated date of closingclosing and any other details thereof reasonably requested by the Administrative Agent or any Lender.
Appears in 1 contract
Notice of Sales of Oil and Gas Properties. In the event the Borrower or any Restricted Subsidiary intends to sell, transfer, assign or otherwise dispose of at least the greater of $25,000,000 10,000,000 or 5% of the then effective Borrowing Base worth of any Oil or and Gas Properties, of at least $25,000,000 worth of any Midstream Assets Properties or any Equity Interests in any Subsidiary in accordance with Section 9.13, prior written notice of such disposition, the price thereof and the anticipated date of closing.
Appears in 1 contract
Notice of Sales of Oil and Gas Properties. In the event the Borrower or any Restricted Subsidiary intends to sell, transfer, assign or otherwise dispose of at least $25,000,000 250,000 worth of any Oil or Gas Properties, of at least $25,000,000 worth of any Midstream Assets Properties or any Equity Interests in any Subsidiary in accordance with Section 9.137.4, at least ten (10) Business Days prior to the anticipated date of closing, written notice of such disposition, the price thereof thereof, and the anticipated date of closing.
Appears in 1 contract
Notice of Sales of Oil and Gas Properties. In the event the Borrower or any Restricted Subsidiary intends to sell, transfer, assign or otherwise dispose of at least $25,000,000 10.0 million worth of any Oil or and Gas Properties, of at least $25,000,000 worth of any Midstream Assets Properties or any Equity Interests in any Restricted Subsidiary in accordance with Section 9.13, prior written notice of such disposition, the price thereof and the anticipated date of closing.
Appears in 1 contract