Common use of Permitted Acquisition Indebtedness Clause in Contracts

Permitted Acquisition Indebtedness. the incurrence by the Company or any of its Restricted Subsidiaries of Indebtedness arising from the honoring by a bank or other financial institution of a check, draft or similar instrument inadvertently drawn against insufficient funds, so long as such Indebtedness is covered within five Business Days;

Appears in 2 contracts

Samples: Indenture (W&t Offshore Inc), Indenture (Mariner Energy Inc)

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Permitted Acquisition Indebtedness. the incurrence by the Company or any of its Restricted Subsidiaries of Indebtedness arising from the honoring by a bank or other financial institution of a check, draft or similar instrument inadvertently drawn against insufficient fundsfunds in the ordinary course of business; provided, so long as however, that such Indebtedness is covered extinguished within five Business DaysDays of incurrence;

Appears in 1 contract

Samples: Indenture (Linn Energy, LLC)

Permitted Acquisition Indebtedness. the incurrence by the Company or any of its Restricted Subsidiaries of Indebtedness arising from the honoring by a bank or other financial institution of a check, draft or similar instrument inadvertently drawn against insufficient funds, so long as such Indebtedness is covered within five Business Daysfunds in the ordinary course of business;

Appears in 1 contract

Samples: First Supplemental Indenture (Linn Energy, LLC)

Permitted Acquisition Indebtedness. the incurrence by the Company Holdings or any of its Restricted Subsidiaries of Indebtedness arising from the honoring by a bank or other financial institution of a check, draft or similar instrument HN\1118344.20 inadvertently drawn against insufficient fundsfunds in the ordinary course of business, so long as such Indebtedness is covered within five Business Days;

Appears in 1 contract

Samples: Lc Procurement Agreement (Endeavour International Corp)

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Permitted Acquisition Indebtedness. the incurrence by the Company Borrower or any of its Restricted Subsidiaries of Indebtedness arising from the honoring by a bank or other financial institution of a check, draft or similar instrument inadvertently drawn against insufficient funds, so long as such Indebtedness is covered within five Business Days;

Appears in 1 contract

Samples: Term Loan Credit Agreement (W&t Offshore Inc)

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