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 any material diminution of the Borrower’s or any other Loan Party’s net revenue interest in production from the pooled or unitized lands, without the Required Lenders’ prior consent, which will not be unreasonably withheld. Any unitization, pooling or communitization or other action or instrument in violation of this Section 7.15 shall be of no force or effect against any Lender.
Appears in 3 contracts
Samples: Credit Agreement (Quest Energy Partners, L.P.), Credit Agreement (Quest Resource Corp), 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 any material the diminution of the Borrower’s or any other Loan Party’s 's net revenue interest in production from the pooled or unitized lands, without the Required Lenders’ Banks' prior consent, which will not be unreasonably withheld. Any unitization, pooling or communitization or other action or instrument in violation of this Section 7.15 6.11 shall be of no force or effect against any LenderBank.
Appears in 3 contracts
Samples: Revolving Credit Agreement (Energy Partners LTD), Credit Agreement (Energy Partners LTD), 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 any material diminution of the Borrower’s or any other Loan Party’s net revenue interest in production from the pooled or unitized lands, without the Required Lenders’ prior consent, which will not be unreasonably withheld. Any unitization, pooling or communitization or other action or instrument in violation of this Section 7.15 7.10 shall be of no force or effect against any Lender.
Appears in 2 contracts
Samples: Credit Agreement (Gulfport Energy Corp), 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 any material the diminution of the Borrower’s or any other Loan Party’s 's net revenue interest in production from the pooled or unitized lands, without the Required Lenders’ 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 7.15 6.11 shall be of no force or effect against any LenderBank.
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 any material diminution of the any Borrower’s or any other Loan Party’s net revenue interest in production from the pooled or unitized lands, without the Required Lenders’ prior consent, which will not be unreasonably withheld. Any unitization, pooling or communitization or other action or instrument in violation of this Section 7.15 shall be of no force or effect against any Lender.
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 any material diminution of the Borrower’s or any other Loan Party’s net revenue interest in production from the pooled or unitized lands, without the Required Lenders’ prior consent, which will not be unreasonably withheld. Any unitization, pooling or communitization or other action or instrument in violation of this Section 7.15 shall be of no force or effect against any Lender.
Appears in 2 contracts
Samples: Assignment and Assumption (Quest Resource Corp), Assignment and Assumption (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 any material the diminution of the Borrower’s or any other Loan Party’s 's net revenue interest in production from the pooled or unitized lands, without the Required Lenders’ Banks' prior consent, which will not be unreasonably withheld. Any unitization, pooling or communitization or other action or instrument in violation of this Section 7.15 6.10 shall be of no force or effect against any LenderBank.
Appears in 1 contract
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 any material diminution of the any Borrower’s or any other Loan Party’s net revenue interest in production from the pooled or unitized lands, without the Required Lenders’ 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 7.15 7.10 shall be of no force or effect against Administrative Agent or any LenderBank.
Appears in 1 contract
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 any material diminution of the any Borrower’s or any other Loan Party’s net revenue interest in production from the pooled or unitized lands, without the Required Lenders’ 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 7.15 7.10 shall be of no force or effect against Administrative Agent or any LenderBank.
Appears in 1 contract