Common use of Permitted Acquisition Indebtedness Clause in Contracts

Permitted Acquisition Indebtedness. (12) 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: Supplemental Indenture (W&t Offshore Inc), Mariner Energy Inc

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Permitted Acquisition Indebtedness. (1213) 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. (1213) 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: Security Agreement (Endeavour International Corp)

Permitted Acquisition Indebtedness. (12) 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: Intercreditor Agreement (W&t Offshore Inc)

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Permitted Acquisition Indebtedness. (1213) 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: Indenture (Linn Energy, LLC)

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