Outstanding Loans under Existing Agreement. The parties hereto acknowledge and agree that, effective as of the Closing Date, all outstanding Advances (as defined in the Existing Agreement) shall be automatically deemed to be Advances outstanding under this Agreement.
Appears in 2 contracts
Samples: Credit Agreement (Abraxas Energy Partners LP), Credit Agreement (Abraxas Petroleum Corp)
Outstanding Loans under Existing Agreement. The parties hereto acknowledge and agree that, effective as of the Closing Date, all outstanding Tranche A Advances (as defined in the Existing Credit Agreement) shall be automatically deemed to be Advances outstanding under this Agreement.
Appears in 2 contracts
Samples: Credit Agreement (Mariner Energy Resources, Inc.), Credit Agreement (Mariner Energy Inc)
