Common use of Pooling or Unitization Clause in Contracts

Pooling or Unitization. Voluntarily pool or unitize all or any part of the Borrowing Base Oil and Gas Properties where the pooling or unitization would result in the diminution of the Borrower's net revenue interest in production from the pooled or unitized lands, without the Required Banks' prior consent, which will not be unreasonably withheld. Any unitization, pooling or communitization or other action or instrument in violation of this Section 6.11 shall be of no force or effect against any Bank.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Energy Partners LTD), Revolving Credit Agreement (Energy Partners LTD), Revolving Credit Agreement (Energy Partners LTD)

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Pooling or Unitization. Voluntarily pool or unitize all or any part of the Borrowing Base Oil and Gas Properties where the pooling or unitization would result in the any material diminution of the Borrower's ’s or any other Loan Party’s net revenue interest in production from the pooled or unitized lands, without the Required Banks' Lenders’ prior consent, which will not be unreasonably withheld. Any unitization, pooling or communitization or other action or instrument in violation of this Section 6.11 7.15 shall be of no force or effect against any BankLender.

Appears in 3 contracts

Samples: Credit Agreement (Quest Resource Corp), Credit Agreement (Quest Energy Partners, L.P.), Credit Agreement (Quest Energy Partners, L.P.)

Pooling or Unitization. Voluntarily pool or unitize all or any part of the Borrowing Base Oil and Gas Properties where the pooling or unitization would result in the any material diminution of the Borrower's ’s or any other Loan Party’s net revenue interest in production from the pooled or unitized lands, without the Required Banks' Lenders’ prior consent, which will not be unreasonably withheld. Any unitization, pooling or communitization or other action or instrument in violation of this Section 6.11 7.15 shall be of no force or effect against any BankLender.

Appears in 2 contracts

Samples: Second Lien Senior Term Loan Agreement (Quest Resource Corp), Second Lien Senior Term Loan Agreement (Quest Energy Partners, L.P.)

Pooling or Unitization. Voluntarily pool or unitize all or any part of the Borrowing Base Oil and Gas Properties where the pooling or unitization would result in the any material diminution of the any Borrower's ’s or any other Loan Party’s net revenue interest in production from the pooled or unitized lands, without the Required Banks' Lenders’ prior consent, which will not be unreasonably withheld. Any unitization, pooling or communitization or other action or instrument in violation of this Section 6.11 7.15 shall be of no force or effect against any BankLender.

Appears in 2 contracts

Samples: Credit Agreement (PostRock Energy Corp), Credit Agreement (PostRock Energy Corp)

Pooling or Unitization. Voluntarily pool or unitize all or any part of the Borrowing Base Oil and Gas Properties where the pooling or unitization would result in the any material diminution of the Borrower's ’s net revenue interest in production from the pooled or unitized lands, without the Required Banks' Lenders’ prior consent, which will not be unreasonably withheld. Any unitization, pooling or communitization or other action or instrument in violation of this Section 6.11 7.10 shall be of no force or effect against any BankLender.

Appears in 2 contracts

Samples: Credit Agreement (Gulfport Energy Corp), Secured Reducing Credit Agreement (Gulfport Energy Corp)

Pooling or Unitization. Voluntarily pool or unitize all or any part of the Borrowing Base Oil and Gas Properties where the pooling or unitization would result in the diminution of the Borrower's net revenue interest in production from the pooled or unitized lands, without the Required Banks' prior consent, which will not be unreasonably withheld. Any unitization, pooling or communitization communization or other action or instrument in violation of this Section 6.11 shall be of no force or effect against any Bank.

Appears in 2 contracts

Samples: Reducing Revolving Credit Agreement (Energy Partners LTD), Reducing Revolving Credit Agreement (Energy Partners LTD)

Pooling or Unitization. Voluntarily pool or unitize all or any part of the Borrowing Base Oil and Gas Properties where the pooling or unitization would result in the diminution of the Borrower's net revenue interest in production from the pooled or unitized lands, without the Required Banks' prior consent, which will not be unreasonably withheld. Any unitization, pooling or communitization or other action or instrument in violation of this Section 6.11 6.10 shall be of no force or effect against any Bank.

Appears in 1 contract

Samples: Credit Agreement (Ultra Petroleum Corp)

Pooling or Unitization. Voluntarily pool or unitize unitize, all or any part of the Borrowing Base Oil and Gas Properties Collateral Assets where the pooling or unitization would result in the diminution of the Borrower's net revenue interest in from production from the pooled or unitized lands, without the Required Banks' prior consent, which will not be unreasonably withheld. Any unitization, pooling or communitization or other action or instrument in violation of this Section 6.11 6.10 shall be of no force or effect against any Bank.

Appears in 1 contract

Samples: Term and Revolving Credit Agreement (Continental Resources Inc)

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Pooling or Unitization. Voluntarily pool or unitize unitize, or permit any Guarantor to voluntarily pool or unitize, all or any part of the Borrowing Base Oil and Gas Properties where the pooling or unitization would result in the diminution of the Borrower's or Guarantor's net revenue interest in from production from the pooled or unitized lands, without the Required Banks' prior consent, which will not be unreasonably withheld. Any unitization, pooling or communitization or other action or instrument in violation of this Section 6.11 6.10 shall be of no force or effect against any Bank.

Appears in 1 contract

Samples: Credit Agreement (Continental Resources Inc)

Pooling or Unitization. Voluntarily pool or unitize all or any part of the Borrowing Base Borrower Oil and Gas Properties where the pooling or unitization would result in the any diminution of the any Borrower's ’s net revenue interest in production from the pooled or unitized lands, without the Required Banks' Administrative Agent’s prior consent, which will not be unreasonably withheld. Any unitization, pooling or communitization or other action or instrument in violation of this Section 6.11 7.10 shall be of no force or effect against Administrative Agent or any Bank.

Appears in 1 contract

Samples: Credit Agreement (EnerJex Resources, Inc.)

Pooling or Unitization. Voluntarily pool or unitize all or any part of the Borrowing Base Oil and Gas Properties where the pooling or unitization would result in the any diminution of the any Borrower's ’s net revenue interest in production from the pooled or unitized lands, without the Required Banks' Administrative Agent’s prior consent, which will not be unreasonably withheld. Any unitization, pooling or communitization or other action or instrument in violation of this Section 6.11 7.10 shall be of no force or effect against Administrative Agent or any Bank.

Appears in 1 contract

Samples: Credit Agreement (EnerJex Resources, Inc.)

Pooling or Unitization. Voluntarily pool or unitize all or any part of the Borrowing Base Oil and Gas Properties where the pooling or unitization would result in the diminution of Borrower's or the BorrowerGuarantor's net revenue interest in production from the pooled or unitized lands, without the Required Banks' Bank's prior consent, which will not be unreasonably withheld. Any unitization, pooling or communitization or other action or instrument in violation of this Section 6.11 6.16 shall be of no force or effect against any the Bank.

Appears in 1 contract

Samples: Loan Agreement (Saba Petroleum Co)

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