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Common use of Proceeds of Loans Clause in Contracts

Proceeds of Loans. (a) The Borrower will not, nor will it permit any other Credit Party to, permit the proceeds of the Loans to be used for any purpose other than those permitted by Section 7.20. No Credit Party or any Person acting on behalf of any Credit Party has taken or will take any action which might cause any of the Loan Documents to violate Regulations T, U or X or any other regulation of the Board or to violate section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effect. If requested by the Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form U-1 or such other form referred to in Regulation U, Regulation T or Regulation X of the Board, as the case may be. (b) The Borrower will not request any Borrowing or Letter of Credit, and no Credit Party shall use, and shall procure that its Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Borrowing or Letter of Credit (i) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (ii) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, except to the extent permitted for a Person required to comply with Sanctions or (iii) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 6 contracts

Samples: Credit Agreement (Civitas Resources, Inc.), Credit Agreement (Civitas Resources, Inc.), Credit Agreement (PDC Energy, Inc.)

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Proceeds of Loans. (a) The Borrower will not, nor will it permit any other Credit Party to, not permit the proceeds of the Loans Borrowings to be used for any purpose other than those permitted by Section 7.207.22. No Credit Loan Party or nor any Person acting on behalf of any Credit Party the Borrower has taken or will take any action which might may cause any of the Loan Documents to violate Regulations T, U or X or any other regulation of the Board or to violate section Section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effect. If requested by the Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form U-1 or such other form referred to in Regulation U, Regulation T or Regulation X of the Board, as the case may be. (b) . The Borrower will not request any Borrowing or Letter of Credit, and no Credit Party the Borrower shall not directly or, to the knowledge of the Borrower, indirectly use, and shall procure that its Subsidiaries and its or their respective directors, officers, employees and agents shall not directly or, to the knowledge of such Person, indirectly use, the proceeds of any Borrowing or Letter of Credit (ia) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (iib) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, except Country to the extent permitted for such activities, businesses or transaction would be prohibited by Sanctions if conducted by a Person required to comply with Sanctions corporation incorporated in the United States or (iiic) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 5 contracts

Samples: Senior Secured Revolving Credit Agreement (Silverbow Resources, Inc.), Senior Secured Revolving Credit Agreement (Silverbow Resources, Inc.), Senior Secured Revolving Credit Agreement (Silverbow Resources, Inc.)

Proceeds of Loans. (a) The Borrower will not, nor will it permit any other Credit Party to, not permit the proceeds of the Loans to be used for any purpose other than those permitted by Section 7.207.21. No Credit Party or Neither the Borrower nor any Person acting on behalf of any Credit Party the Borrower has taken or will take any action which might cause any of the Loan Documents to violate Regulations T, U or X or any other regulation of the Board or to violate section Section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effect. If requested by the Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form U-1 or such other form referred to in Regulation U, Regulation T or Regulation X of the Board, as the case may be. (b) The Borrower will not request any Borrowing or Letter of Credit, and no Credit Party the Borrower shall not use, and shall procure that its Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Borrowing or Letter of Credit (i) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (ii) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, except to the extent permitted for a Person required to comply with Sanctions Country or (iii) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 4 contracts

Samples: Credit Agreement (Vitesse Energy, Inc.), Credit Agreement (Vitesse Energy, Inc.), Credit Agreement (Vitesse Energy, Inc.)

Proceeds of Loans. (a) The Borrower will not, nor will it permit any other Credit Party to, not permit the proceeds of the Loans and Letters of Credit to be used for any purpose other than those permitted by Section 7.207.21. No Credit Party None of the Borrower, its Subsidiaries or any Person acting on behalf of any Credit Party the Borrower or its Subsidiaries has taken or will take any action which might would cause any of the Loan Documents to violate Regulations T, U or X or any other regulation of the Board or to violate section Section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effectAct. If requested by the Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form U-1 or such other form referred to in Regulation U, Regulation T or Regulation X of the Board, as the case may be. (b) . The Borrower will not request any Borrowing or Letter of Credit, and no Credit Party shall use, and shall procure that its Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Borrowing or Letter of Credit shall not, directly or, knowingly, indirectly, be used, or lent, contributed or otherwise made available to any Subsidiary, other Affiliate, joint venture partner or other Person, (iA) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws or AML Laws, (iiB) for the purpose of funding, financing or facilitating any activitiesactivity, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country (including, but not limited to, transshipment or transit through a Sanctioned Country), except to the extent permitted for or involving any goods originating in or with a Sanctioned Person required to comply with Sanctions or Sanctioned Country in violation of Sanctions, or (iiiC) in any manner that would result in the violation of any Sanctions applicable to by any party heretoPerson (including any Person participating in the transactions contemplated hereunder, whether as underwriter, advisor, lender, issuing bank, investor or otherwise).

Appears in 3 contracts

Samples: Credit Agreement (Northern Oil & Gas, Inc.), Credit Agreement (Northern Oil & Gas, Inc.), Credit Agreement (Northern Oil & Gas, Inc.)

Proceeds of Loans. (a) The Borrower will not, nor will it permit any other Credit Party to, not permit the proceeds of the Loans to be used for any purpose other than those permitted by Section 7.207.21. No Credit Party or Neither the Borrower nor any Person acting on behalf of any Credit Party the Borrower has taken or will take any action which might cause any of the Loan Documents to violate Regulations Regulation T, Regulation U or Regulation X or any other regulation of the Board or to violate section Section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effect. If requested by the Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form U-1 or such other form referred to in Regulation U, Regulation T or Regulation X of the Board, as the case may be. (b) The Borrower will not request any Borrowing or Letter of Credit, and no Credit Party the Borrower shall not use, and shall procure that its the Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Borrowing or Letter of Credit (ia) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (iib) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, except to the extent permitted for a Person required to comply with in violation of Sanctions or (iiic) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 3 contracts

Samples: Credit Agreement (HighPeak Energy, Inc.), Credit Agreement (HighPeak Energy, Inc.), Credit Agreement (HighPeak Energy, Inc.)

Proceeds of Loans. (a) The Borrower will not, nor will it permit any other Credit Party to, not permit the proceeds of the Loans to be used for any purpose other than those permitted by Section 7.20. No Credit Party or None of Parent the Borrower nor any Person acting on behalf of any Credit Party Parent or the Borrower has taken or will take any action which might cause any of the Loan Documents to violate Regulations T, U or X or any other regulation of the Board or to violate section Section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effect. If reasonably requested by the Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form U-1 or such other form referred to in Regulation URegulations T, Regulation T U or Regulation X of the Board, as the case may be. (b) The Borrower will not request any Borrowing or Letter of CreditBorrowing, and no Credit Party the Borrower shall not use, and shall procure that its Subsidiaries any other Loan Party and its or their respective directors, officers, employees employees, Affiliates and agents shall not use, directly or indirectly, the proceeds of any Borrowing Borrowing, or Letter of Credit lend, contribute or otherwise make available such proceeds to any Subsidiary, other Affiliate, joint venture partner or other Person, (i) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws or AML Laws, (ii) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, except to the extent permitted for or involving any goods originating in or with a Sanctioned Person required to comply with Sanctions or Sanctioned Country, or (iii) in any manner that would result in the violation of any Sanctions applicable to by any party heretoPerson (including any Person participating in the transactions contemplated hereunder, whether as underwriter, advisor lender, investor or otherwise).

Appears in 2 contracts

Samples: Senior Secured First Lien Term Loan Credit Agreement (Clean Energy Fuels Corp.), Senior Secured First Lien Term Loan Credit Agreement (Clean Energy Fuels Corp.)

Proceeds of Loans. (a) The Borrower will not, nor will it permit any other Credit Party to, not permit the proceeds of the Loans to be used for any purpose other than those permitted by Section 7.207.21. No Credit Party or Neither Parent, the Borrower nor any Person acting on behalf of any Credit Party Parent or the Borrower has taken or will take any action which might cause any of the Loan Documents to violate Regulations T, U or X or any other regulation of the Board or to violate section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effect. If requested by the Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form U-1 or such other form referred to in Regulation U, Regulation T or Regulation X of the Board, as the case may be. (b) . The Borrower will not request any Borrowing or Letter of Credit, and no Credit Party the Borrower shall not use, and shall procure that its the Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Borrowing or Letter of Credit (ia) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption LawsLaws in any material respect, (iib) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, except to the extent permitted for a Person required to comply with Sanctions or (iiic) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 2 contracts

Samples: Credit Agreement (Earthstone Energy Inc), Credit Agreement (Earthstone Energy Inc)

Proceeds of Loans. (a) The Borrower will not, nor will it permit any other Credit Party to, not permit the proceeds of the Loans or Letters of Credit to be used for any purpose other than those permitted by Section 7.20. No Credit Party Neither the Borrower nor any Restricted Subsidiary or any Person acting on behalf of the Borrower or any Credit Party Restricted Subsidiary has taken or will take any action which might cause any of the Loan Documents to violate Regulations T, U or X or any other regulation of the Board or to violate section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effect. If requested by the Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form U-1 or such other form referred to in Regulation U, Regulation T or Regulation X of the Board, as the case may be. (b) . The Borrower will not request any Borrowing or Letter of Credit, and no Credit Party the Borrower shall not use, and shall procure that its Restricted Subsidiaries and its or their respective directors, officers, employees employees, Affiliates and agents shall not use, directly or indirectly, the proceeds of any Borrowing or Letter of Credit Credit, or lend, contribute or otherwise make available such proceeds to any Restricted Subsidiary, other Affiliate, joint venture partner or other Person, (iA) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws or AML Laws, (iiB) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, except to the extent permitted for or involving any goods originating in or with a Sanctioned Person required to comply with Sanctions or Sanctioned Country, or (iiiC) in any manner that would result in the violation of any Sanctions applicable to by any party heretoPerson (including any Person participating in the transactions contemplated hereunder, whether as underwriter, advisor lender, investor or otherwise).

Appears in 2 contracts

Samples: Credit Agreement (Riviera Resources, Inc.), Credit Agreement (Riviera Resources, LLC)

Proceeds of Loans. (a) The Borrower will not, nor will it permit any other Credit Party to, not permit the proceeds of the Loans to be used for any purpose other than those permitted by Section 7.20. No Credit Party or Neither the Borrower nor any Person acting on behalf of any Credit Party the Borrower has taken or will take any action which that might cause any of the Loan Documents to violate Regulations T, U or X or any other regulation of the Board or to violate section Section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effect. If requested by the Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form U-1 or such other form referred to in Regulation U, Regulation T or Regulation X of the Board, as the case may be. (b) . The Borrower will not request any Borrowing or Letter of Credit, and no Credit Party the Borrower shall not use, and shall procure that its the Subsidiaries and its or their respective directors, officers, employees and agents acting in their respective capacities as such shall not use, the proceeds of any Borrowing or Letter of Credit (ia) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any applicable Anti-Corruption LawsLaws in any material respect, (iib) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in involving any Sanctioned CountryCountry in each case, except to the extent permitted for a Person required to comply with in violation of Sanctions or (iiic) in any manner that would knowingly result in the violation of any Sanctions applicable to any party heretoSanctions.

Appears in 2 contracts

Samples: Credit Agreement (Rattler Midstream Lp), Credit Agreement (Rattler Midstream Lp)

Proceeds of Loans. (a) The Borrower will not, nor will it permit any other Credit Party to, not permit the proceeds of the Loans or Letters of Credit to be used for any purpose other than those permitted by Section 7.207.21. No Credit Party or Neither the Borrower nor any Person acting on behalf of any Credit Party the Borrower has taken or will take any action which might cause any of the Loan Documents to violate Regulations Regulation T, Regulation U or Regulation X or any other regulation of the Board or to violate section Section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effect. If requested by the Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form U-1 or such other form referred to in Regulation U, Regulation T or Regulation X of the Board, as the case may be. (b) The Borrower will not request any Borrowing or Letter of Credit, and no Credit Party the Borrower shall not use, and shall procure that its the Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Borrowing or Letter of Credit (i) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (ii) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, except to the extent permitted for such activities, business or transaction would be prohibited by Sanctions if conducted by a Person required to comply with Sanctions corporation incorporated in the United States or (iii) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 2 contracts

Samples: Credit Agreement (Prairie Operating Co.), Credit Agreement (BKV Corp)

Proceeds of Loans. (a) The Parent and the Borrower will not, nor will it permit any other Credit Party to, not permit the proceeds of the Loans to be used for any purpose other than those permitted by Section 7.207.21. No Credit Party or Neither the Parent nor the Borrower nor any Person acting on behalf of any Credit Party the Parent and/or the Borrower has taken or will take any action which might cause any of the Loan Documents to violate Regulations Regulation T, Regulation U or Regulation X or any other regulation of the Board or to violate section Section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effect. If requested by the Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form U-1 or such other form referred to in Regulation U, Regulation T or Regulation X of the Board, as the case may be. (b) The Borrower will not request any Borrowing or Letter of CreditBorrowing, and no Credit Party the Parent and the Borrower shall not use, and shall procure cause that its Subsidiaries their respective subsidiaries and shall use best efforts to cause its or their respective directors, officers, employees and agents shall not use, the proceeds of any Borrowing or Letter of Credit (i) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any applicable Anti-Corruption Laws, (ii) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, except Country to the extent permitted for such activities, businesses or transaction would be prohibited by Sanctions if conducted by a Person required to comply with Sanctions corporation incorporated in the United States or (iii) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 2 contracts

Samples: Term Loan Credit Agreement (Grizzly Energy, LLC), Credit Agreement (Grizzly Energy, LLC)

Proceeds of Loans. (a) The Borrower will not, nor will it permit any other Credit Party to, not permit the proceeds of the Loans and Letters of Credit to be used for any purpose other than those permitted by Section 7.207.21. No Credit Party None of Holdings, the Parent, the Borrower, their respective Subsidiaries or any Person acting on behalf of any Credit Party Holdings, the Parent, the Borrower or their respective Subsidiaries has taken or will take any action which might would cause any of the Loan Documents to violate Regulations T, U or X or any other regulation of the Board or to violate section Section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effectAct. If requested by the Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form U-1 or such other form referred to in Regulation U, Regulation T or Regulation X of the Board, as the case may be. (b) . The Borrower will not request any Borrowing or Letter of Credit, and no Credit Party shall use, and shall procure that its Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Borrowing or Letter of Credit shall not, directly or indirectly, be used, or lent, contributed or otherwise made available to any Subsidiary, other Affiliate, joint venture partner or other Person, (iA) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws or AML Laws, (iiB) for the purpose of funding, financing or facilitating any activitiesactivity, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country (including, but not limited to, transshipment or transit through a Sanctioned Country), or involving any goods originating in or with a Sanctioned Person or Sanctioned Country, except to the extent permitted for a Person required to comply with Sanctions or (iiiC) in any manner that would result in the violation of any Sanctions applicable to by any party heretoPerson (including any Person participating in the transactions contemplated hereunder, whether as underwriter, advisor, lender, issuing bank, investor or otherwise).

Appears in 2 contracts

Samples: Credit Agreement (Riviera Resources, LLC), Credit Agreement (Linn Energy, Inc.)

Proceeds of Loans. (a) The Borrower will not, nor will it permit any other Credit Party to, not permit the proceeds of the Loans Borrowings to be used for any purpose other than those permitted by Section 7.207.22. No Credit Party or Loan Party, any other Permitted L/C Party, nor any Person acting on behalf of any Credit Party the Borrower has taken or will take any action which might may cause any of the Loan Documents to violate Regulations T, U or X or any other regulation of the Board or to violate section Section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effect. If requested by the Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form U-1 or such other form referred to in Regulation U, Regulation T or Regulation X of the Board, as the case may be. (b) . The Borrower will not request any Borrowing or Letter of Credit, and no Credit Party the Borrower shall not directly or, to the knowledge of the Borrower, indirectly use, and shall procure that its Subsidiaries Subsidiaries, the other Permitted L/C Parties and its or their respective directors, officers, employees and agents shall not directly or, to the knowledge of such Person, indirectly use, the proceeds of any Borrowing or Letter of Credit (ia) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (iib) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, except Country to the extent permitted for such activities, businesses or transaction would be prohibited by Sanctions if conducted by a Person required to comply with Sanctions corporation incorporated in the United States or (iiic) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Diversified Energy Co PLC), Revolving Credit Agreement (Diversified Energy Co PLC)

Proceeds of Loans. (a) The Borrower will not, nor will it permit any other Credit Party to, not permit the proceeds of the Loans or Letters of Credit to be used for any purpose other than those permitted by Section 7.207.21. No Credit Party or Neither the Borrower nor any Person acting on behalf of any Credit Party the Borrower has taken or will take any action which might cause any of the Loan Documents to violate Regulations T, Regulation U or Regulation X or any other regulation of the Board or to violate section Section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effect. If requested by the Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form U-1 or such other form referred to in Regulation U, Regulation T or Regulation X of the Board, as the case may be. (b) . The Borrower will not request any Borrowing or Letter of Credit, and no Credit Party the Borrower shall not use, and shall procure that its the Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Borrowing or Letter of Credit (ia) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption LawsLaws in any material respect, (iib) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, except to the extent permitted for a Person required to comply with Sanctions or (iiic) in any manner that would knowingly or negligently result in the violation of any Sanctions applicable to any party hereto.

Appears in 2 contracts

Samples: Credit Agreement (Fortis Minerals, LLC), Credit Agreement (Fortis Minerals, Inc.)

Proceeds of Loans. (a) The Borrower will not, nor will it permit any other Credit Party to, not permit the proceeds of the Loans to be used for any purpose other than those permitted by Section 7.207.21. No Credit Party or Neither the Borrower nor any Person acting on behalf of any Credit Party the Borrower has taken or will take any action which might cause any of the Loan Documents to violate Regulations T, U or X or any other regulation of the Board or to violate section Section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effect. If requested by the Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form U-1 or such other form referred to in Regulation U, Regulation T or Regulation X of the Board, as the case may be. (b) The Borrower will not request any Borrowing or Letter of Credit, and no Credit Party the Borrower shall not use, and shall procure that its Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Borrowing or Letter of Credit (iA) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (iiB) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, except Country to the extent permitted for such activities, businesses or transaction would be prohibited by Sanctions if conducted by a Person required to comply with Sanctions corporation incorporated in the United States, or (iiiC) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 2 contracts

Samples: Senior Secured Revolving Credit Agreement (Halcon Resources Corp), Senior Secured Revolving Credit Agreement (Halcon Resources Corp)

Proceeds of Loans. (a) The Borrower will not, nor will it permit any other Credit Party to, not permit the proceeds of the Loans to be used for any purpose other than those permitted by Section 7.207.21. No Credit Party or Neither the Borrower nor any Person acting on behalf of any Credit Party the Borrower has taken or will take any action which might cause any of the Loan Documents to violate Regulations T, U or X or any other regulation of the Board or to violate section Section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effect. If requested by the Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form U-1 or such other form referred to in Regulation U, Regulation T or Regulation X of the Board, as the case may be. (b) . The Borrower will not request any Borrowing or Letter of Credit, and no Credit Party the Borrower shall not directly or, to the knowledge of the Borrower, indirectly use, and shall procure that its Subsidiaries and its or their respective directors, officers, employees and agents shall not directly or, to the knowledge of such Person, indirectly use, the proceeds of any Borrowing or Letter of Credit (ia) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (iib) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, except Country to the extent permitted for such activities, businesses or transaction would be prohibited by Sanctions if conducted by a Person required to comply with Sanctions corporation incorporated in the United States or (iiic) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 2 contracts

Samples: Term Loan Credit Agreement (Rex Energy Corp), Term Loan Credit Agreement (Rex Energy Corp)

Proceeds of Loans. (a) The Each of Parent and the Borrower will not, nor will it permit any other Credit Party to, not permit the proceeds of the Loans Borrowings to be used for any purpose other than those permitted by Section 7.207.23. No Credit Loan Party or nor any Person acting on behalf of any Credit Party the Borrower or the Parent has taken or will take any action which might may cause any of the Loan Documents to violate Regulations T, U or X or any other regulation of the Board or to violate section Section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effect. If requested by the Administrative Agent, each of the Parent and the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form U-1 or such other form referred to in Regulation U, Regulation T or Regulation X of the Board, as the case may be. (b) . The Borrower will not request any Borrowing or Letter of Credit, and no Credit Party each of Parent and the Borrower shall not use, and shall procure that its Subsidiaries the other Loan Parties and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Borrowing or Letter of Credit (ia) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (iib) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, except Country to the extent permitted for such activities, businesses or transaction would be prohibited by Sanctions if conducted by a Person required to comply with Sanctions corporation incorporated in the United States or (iiic) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 2 contracts

Samples: Senior Secured Revolving Credit Agreement (Goodrich Petroleum Corp), Senior Secured Revolving Credit Agreement (Goodrich Petroleum Corp)

Proceeds of Loans. (a) The Neither the Company nor the Borrower will not, nor will it permit any other Credit Party to, shall permit the proceeds of the Loans to be used for any purpose other than those permitted by Section 7.207.21. No Credit Party None of the Company or the Borrower or any Person acting on behalf of any Credit Party the Company or the Borrower has taken or will take any action which might cause any of the Loan Documents to violate Regulations T, U or X or any other regulation of the Board or to violate section Section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effect. If requested by the Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form U-1 or such other form referred to in Regulation U, Regulation T or Regulation X of the Board, as the case may be. (b) The Borrower will not request any Borrowing or Letter of CreditBorrowing, and no Credit Party the Company shall not use, and shall procure that its the Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Borrowing or Letter of Credit (i) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, directly or indirectly, to any Person in violation of any Anti-Corruption Laws, (ii) for the purpose of funding, financing or facilitating any activities, business or transaction of of, with, or with for the benefit of, directly or indirectly, any Sanctioned Person, or in involving, directly or indirectly, any Sanctioned Country, except Country to the extent permitted for such activities, businesses or transaction would be prohibited by Sanctions if conducted by a Person required to comply with Sanctions corporation incorporated in the United States of America, or (iii) in any manner that would result in the violation of any Sanctions applicable to any party hereto. No Credit Party or Specified Additional Guarantor is engaged in any activity that would reasonably be expected to result in any Credit Party or Specified Additional Guarantor being designated as a Sanctioned Person.

Appears in 2 contracts

Samples: Senior Secured Credit Agreement (Phoenix Capital Group Holdings, LLC), Senior Secured Credit Agreement (Phoenix Capital Group Holdings, LLC)

Proceeds of Loans. (a) The Borrower Debtors will not, nor will it permit any other Credit Party to, not permit the proceeds of the Loans Borrowings to be used for any purpose other than those permitted by Section 7.207.23. No Credit Loan Party or nor any Person acting on behalf of any Credit Party the Borrower has taken or will take any action which might may cause any of the Loan Documents to violate Regulations T, U or X or any other regulation of the Board or to violate section Section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunderAct, in each case as now in effect or as the same may hereinafter be in effect. If requested by the Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form U-1 or such other form referred to in Regulation U, Regulation T or Regulation X of the Board, as the case may be. (b) . The Borrower will not request any Borrowing or Letter of Credit, and no Credit Party the Borrower shall not use, and shall procure that its Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Borrowing or Letter of Credit (ia) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (iib) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, except Country to the extent permitted for such activities, businesses or transaction would be prohibited by Sanctions if conducted by a Person required to comply with Sanctions corporation incorporated in the United States or (iiic) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 1 contract

Samples: Senior Secured Super Priority Debtor in Possession Credit Agreement (Lilis Energy, Inc.)

Proceeds of Loans. (a) The Borrower will not, nor will it permit any other Credit Party to, not permit the proceeds of the Loans to be used for any purpose other than those permitted by Section 7.207.22. No Credit Party or Neither the Borrower nor any Person acting on behalf of any Credit Party the Borrower has taken or will take any action which might cause any of the Loan Documents to violate Regulations T, U or X or any other regulation of the Board or to violate section Section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effect. If requested by the Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form U-1 or such other form referred to in Regulation U, Regulation T or Regulation X of the Board, as the case may be. (b) The Borrower will not request any Borrowing or Letter of Credit, and no Credit Party the Borrower shall not use, and shall procure that its Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Borrowing or Letter of Credit (iA) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (iiB) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, except to the extent permitted for a Person required to comply with Sanctions or (iiiC) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 1 contract

Samples: Credit Agreement (Eagle Rock Energy Partners L P)

Proceeds of Loans. (a) The Borrower will not, nor will it permit any other Credit Party to, not permit the proceeds of the Loans and Letters of Credit to be used for any purpose other than those permitted by Section 7.207.21. No Credit Party None of the Borrower, its Subsidiaries or any Person acting on behalf of any Credit Party the Borrower or its Subsidiaries has taken or will take any action which might would cause any of the Loan Documents to violate Regulations T, U or X or any other regulation of the Board or to violate section Section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effectAct. If requested by the Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form U-1 or such other form referred to in Regulation U, Regulation T or Regulation X of the Board, as the case may be. (b) . The Borrower will not request any Borrowing or Letter of Credit, and no Credit Party shall use, and shall procure that its Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Borrowing or Letter of Credit shall not, directly or knowingly indirectly, be used, or lent, contributed or otherwise made available to any Subsidiary, other Affiliate, joint venture partner or other Person, (iA) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws or AML Laws, (iiB) for the purpose of funding, financing or facilitating any activitiesactivity, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country (including, but not limited to, transshipment or transit through a Sanctioned Country), or involving any goods originating in or with a Sanctioned Person or Sanctioned Country, except to the extent permitted for a Person required to comply with Sanctions in each such case in violation of Sanctions, or (iiiC) in any manner that would result in the violation of any Sanctions applicable to by any party heretoPerson (including any Person participating in the transactions contemplated hereunder, whether as underwriter, advisor, lender, issuing bank, investor or otherwise).

Appears in 1 contract

Samples: Credit Agreement (Northern Oil & Gas, Inc.)

Proceeds of Loans. (a) The Borrower will not, nor will it permit any other Credit Party to, not permit the proceeds of the Loans to be used for any purpose other than those permitted by Section 7.207.23. No Credit Loan Party or nor any Person acting on behalf of any Credit Party the Borrower has taken or will take any action which might cause causes any of the Loan Documents to violate Regulations T, U or X or any other regulation of the Board or to violate section Section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effect. If requested by the Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form U-1 or such other form referred to in Regulation U, Regulation T or Regulation X of the Board, as the case may be. (b) . The Borrower will not request any Borrowing or Letter of Credit, and no Credit Party the Borrower shall not use, and shall procure that its Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Borrowing or Letter of Credit Credit: (ia) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, , (iib) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, except Country to the extent permitted for such activities, businesses or transaction would be prohibited by Sanctions if conducted by a Person required to comply with Sanctions or corporation incorporated in the United States; or (iiic) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 1 contract

Samples: Credit Agreement (Rosehill Resources Inc.)

Proceeds of Loans. (a) The Each of Parent Guarantor and the Borrower will not, nor will it permit any other Credit Party to, not permit the proceeds of the Loans or Letters of Credit to be used for any purpose other than those permitted by Section 7.207.21. No Credit Party or Neither the Borrower nor any Person acting on behalf of any Credit Party the Borrower has taken or will take any action which might could cause any of the Loan Documents to violate Regulations T, U or X or any other regulation of the Board or to violate section Section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effect. If requested by the Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form U-1 or such other form referred to in Regulation U, Regulation T or Regulation X of the Board, as the case may be. (b) . The Borrower will not request any Borrowing or Letter of Credit, and no Credit Party each of Parent Guarantor and the Borrower shall not use, and shall procure that its Subsidiaries and its or their respective directors, officers, employees employees, Affiliates and agents shall not use, directly or indirectly, the proceeds of any Borrowing or Letter of Credit Credit, or lend, contribute or otherwise make available such proceeds to any Subsidiary, other Affiliate, joint venture partner or other Person, (iA) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws or AML Laws, (iiB) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, except to the extent permitted for or involving any goods originating in or with a Sanctioned Person required to comply with Sanctions or Sanctioned Country, or (iiiC) in any manner that would result in the violation of any Sanctions applicable to by any party heretoPerson (including any Person participating in the transactions contemplated hereunder, whether as underwriter, advisor lender, investor or otherwise).

Appears in 1 contract

Samples: Credit Agreement (Berry Petroleum Corp)

Proceeds of Loans. (a) The Borrower will not, nor will it permit any other Credit Party to, not permit the proceeds of the Loans Borrowings to be used for any purpose other than those permitted by Section 7.207.23. No Credit Loan Party or nor any Person acting on behalf of any Credit Party the Borrower has taken or will take any action which might cause any of the Loan Documents to violate Regulations T, U or X or any other regulation of the Board or to violate section Section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effect. If requested by the Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form U-1 or such other form referred to in Regulation U, Regulation T or Regulation X of the Board, as the case may be. (b) The Borrower will not request any Borrowing or Letter of CreditBorrowing, and no Credit Party the Borrower shall not use, and shall procure that cause its Subsidiaries and its or their respective directors, officers, employees and agents shall not to use, the proceeds of any Borrowing or Letter of Credit (i) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any applicable Anti-Corruption Laws, (ii) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, except Country to the extent permitted for such activities, businesses or transaction would be prohibited by Sanctions if conducted by a Person required to comply with Sanctions corporation incorporated in the United States or (iii) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 1 contract

Samples: Dip Credit Agreement

Proceeds of Loans. (a) The Borrower will not, nor and will it not permit any other Credit Party Subsidiary to, permit use the proceeds of the Loans to be used or Letters of Credit for any purpose other than those permitted by Section 7.207.21. No Credit Party or Neither the Borrower nor any Person acting on behalf of any Credit Party the Borrower has taken or will take any action which might cause any of the Loan Documents to violate Regulations T, U or X or any other regulation of the Board or to violate section 7 7(a) of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effect. If requested by the Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form U-1 or such other form referred to in Regulation U, Regulation T or Regulation X of the Board, as the case may be. (b) . The Borrower will not, and will not permit any Subsidiary to, request any Borrowing Loan or Letter of Credit or, directly or indirectly, use the proceeds of any Loan or any Letter of Credit, and no Credit Party shall useor lend, and shall procure that its Subsidiaries and its contribute or their respective directorsotherwise make available such proceeds to any subsidiary, officersjoint venture partner or other Person (i) to fund any activities or business of or with any Person, employees and agents shall not useor in any country or territory, that, at the time of such funding, is, or whose government is, the proceeds subject of Sanctions, (ii) in any Borrowing other manner that would result in a violation of Sanctions by any Person (including any Person participating in the Loans, whether as the Administrative Agent, any Lender (including the Swing Line Lender), the Issuing Bank, underwriter, arranger, advisor, investor or Letter of Credit otherwise), or (iiii) in furtherance of an offer, paymentpayment , promise to pay, pay or authorization of the payment or giving of money, money or anything else of value, value to any Person in violation of any applicable Anti-Corruption Laws, (ii) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, except to the extent permitted for a Person required to comply with Sanctions or (iii) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 1 contract

Samples: Credit Agreement (SRC Energy Inc.)

Proceeds of Loans. (a) The Borrower will not, nor will it permit any other Credit Party to, not permit the proceeds of the Loans to be used for any purpose other than those permitted by Section 7.208.20. No Credit Party or Neither the Borrower nor any Person acting on behalf of any Credit Party the Borrower has taken or will take any action which might cause any of the Loan Documents to violate Regulations T, U or X or any other regulation of the Board or to violate section Section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or 102563340 67 as the same may hereinafter be in effect. If requested by the Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form U-1 or such other form referred to in Regulation URegulations T, Regulation T U or Regulation X of the Board, as the case may be. (b) The Borrower will not request any Borrowing or Letter of CreditBorrowing, and no Credit Party the Borrower shall not use, and shall procure that its Subsidiaries any other Loan Party and its or their respective directors, officers, employees employees, Affiliates and agents shall not use, directly or indirectly, the proceeds of any Borrowing Borrowing, or Letter of Credit lend, contribute or otherwise make available such proceeds to any Subsidiary, other Affiliate, joint venture partner or other Person, (i) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws or AML Laws, (ii) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, except to the extent permitted for or involving any goods originating in or with a Sanctioned Person required to comply with Sanctions or Sanctioned Country, or (iii) in any manner that would result in the violation of any Sanctions applicable to by any party heretoPerson (including any Person participating in the transactions contemplated hereunder, whether as underwriter, advisor lender, investor or otherwise).

Appears in 1 contract

Samples: Senior Secured Term Loan Credit Agreement (AST SpaceMobile, Inc.)

Proceeds of Loans. (a) The Borrower will not, nor will it permit any other Credit Party to, not permit the proceeds of the Loans to be used for any purpose other than those permitted by Section 7.207.19. No Credit Party or Neither the Borrower nor any Person acting on behalf of any Credit Party the Borrower has taken or will take any action which might cause any of the Loan Documents to violate Regulations T, U or X or any other regulation of the Board or to violate section Section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effect. If requested by the Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form U-1 or such other form referred to in Regulation U, Regulation T or Regulation X of the Board, as the case may be. (b) . The Borrower will not request any Borrowing or Letter of Credit, and no Credit Party the Borrower shall not use, and shall procure that its Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Borrowing or Letter of Credit (ia) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption LawsLaws in any material respect, (iib) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, except to the extent permitted for a Person required to comply with Sanctions or (iiic) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 1 contract

Samples: Debtor in Possession Credit Agreement (Approach Resources Inc)

Proceeds of Loans. (a) The Parent Guarantor and the Borrower will not, nor will it permit any other Credit Party to, not permit the proceeds of the Loans to be used for any purpose other than those permitted by Section 7.207.21. No Credit Party or Neither the Borrower nor any Person acting on behalf of any Credit Party the Borrower has taken or will take any action which might cause any of the Loan Documents to violate Regulations T, U or X or any other regulation of the Board or to violate section Section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effect. If requested by the Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form U-1 or such other form referred to in Regulation U, Regulation T or Regulation X of the Board, as the case may be. (b) . The Borrower will not request any Borrowing or Letter of Credit, and no Credit Party the Borrower shall not use, and shall procure that its the Subsidiaries and its or their respective directors, officers, employees and agents acting in their respective capacities as such shall not use, the proceeds of any Borrowing or Letter of Credit (ia) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any applicable Anti-Corruption LawsLaws in any material respect, (iib) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in involving any Sanctioned CountryCountry in each case, except to the extent permitted for a Person required to comply with in violation of Sanctions or (iiic) in any manner that would knowingly result in the violation of any Sanctions applicable to any party heretoSanctions.

Appears in 1 contract

Samples: Credit Agreement (Diamondback Energy, Inc.)

Proceeds of Loans. (a) The Each of the Parent and the Borrower will not, nor will it permit any other Credit Party to, not permit the proceeds of the Loans to be used for any purpose other than those permitted by Section 7.208.16. No Credit Party or Neither the Borrower nor any Person acting on behalf of any Credit Party the Borrower has taken or will take any action which might cause any of the Loan Documents to violate Regulations T, U or X or any other regulation of the Board or to violate section Section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effect. If requested by the Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form U-1 or such other form referred to in Regulation U, Regulation T or Regulation X of the Board, as the case may be. (b) . The Borrower will not request any Borrowing or Letter of CreditBorrowing, and no Credit Party each of the Parent and the Borrower shall not use, and shall procure that its Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Borrowing or Letter of Credit (ia) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption LawsLaws in any material respect, (iib) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, except to the extent permitted for a Person required to comply with Sanctions or (iiic) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 1 contract

Samples: Second Lien Credit Agreement (Titan Energy, LLC)

Proceeds of Loans. (a) The Borrower will not, nor will it permit any other Credit Party to, not permit the proceeds of the Loans to be used for any purpose other than those permitted by Section 7.207.21. No Credit Party or Neither the Borrower nor any Person acting on behalf of any Credit Party the Borrower has taken or will take any action which might cause any of the Loan Documents to violate Regulations T, U or X or any other regulation of the Board or to violate section Section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effect. If requested by the Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form U-1 or such other form referred to in Regulation U, Regulation T or Regulation X of the BoardX, as the case may be. (b) be The Borrower will not request any Borrowing or Letter of Credit, and no Credit Party the Borrower shall not use, and shall procure that its Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Borrowing or Letter of Credit (iA) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (iiB) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, except to the extent permitted for such activities, businesses or transaction would be prohibited by Sanctions if conducted by a Person required to comply with Sanctions corporation incorporated in the United States or in a European Union member state, or (iiiC) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 1 contract

Samples: Credit Agreement (Harvest Oil & Gas Corp.)

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Proceeds of Loans. (a) The Borrower will not, nor will it permit any other Credit Party to, not permit the proceeds of the Loans and Letters of Credit to be used for any purpose other than those permitted by Section 7.207.21. No Credit Party None of the Borrower, its Subsidiaries or any Person acting on behalf of any Credit Party the Borrower or its Subsidiaries has taken or will take any action which might would cause any of the Loan Documents to violate Regulations T, U or X or any other regulation of the Federal Reserve Board or to violate section Section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effectAct. If requested by the Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form U-1 or such other form referred to in Regulation U, Regulation T or Regulation X of the Federal Reserve Board, as the case may be. (b) . The Borrower will not request any Borrowing or Letter of Credit, and no Credit Party shall use, and shall procure that its Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Borrowing or Letter of Credit shall not, directly or, knowingly, indirectly, be used, or lent, contributed or otherwise made available to any Subsidiary, other Affiliate, joint venture partner or other Person, (iA) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws or AML Laws, (iiB) for the purpose of funding, financing or facilitating any activitiesactivity, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country (including, but not limited to, transshipment or transit through a Sanctioned Country), except to the extent permitted for or involving any goods originating in or with a Sanctioned Person required to comply with Sanctions or Sanctioned Country in violation of Sanctions, or (iiiC) in any manner that would result in the violation of any Sanctions applicable to by any party heretoPerson (including any Person participating in the transactions contemplated hereunder, whether as underwriter, advisor, lender, issuing bank, investor or otherwise).

Appears in 1 contract

Samples: Credit Agreement (Gulfport Energy Corp)

Proceeds of Loans. (a) The Borrower will not, nor will it permit any other Credit Party to, not permit the proceeds of the Loans to be used for any purpose other than those permitted by Section 7.207.21. No Credit Party or Neither the Borrower nor any Person acting on behalf of any Credit Party the Borrower has taken or will take any action which might cause any of the Loan Documents to violate Regulations T, U or X or any other regulation of the Board or to violate section Section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effect. If requested by the Administrative AgentAgent (acting at the written direction of the Majority Lenders), the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form U-1 or such other form referred to in Regulation U, Regulation T or Regulation X of the Board, as the case may be. (b) The Borrower will not request any Borrowing or Letter of CreditBorrowing, and no Credit Party the Borrower shall not use, and shall procure that its Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Borrowing or Letter of Credit (iA) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (iiB) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, except Country to the extent permitted for such activities, businesses or transaction would be prohibited by Sanctions if conducted by a Person required to comply with Sanctions corporation incorporated in the United States, or (iiiC) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 1 contract

Samples: Junior Secured Debtor in Possession Credit Agreement (Halcon Resources Corp)

Proceeds of Loans. (a) The Borrower will not, nor will it permit any other Credit Party to, not permit the proceeds of the Loans to be used for any purpose other than those permitted by Section 7.207.21. No Credit Party or Neither the Borrower nor any Person acting on behalf of any Credit Party the Borrower has taken or will take any action which might cause any of the Loan Documents to violate Regulations T, U or X or any other regulation of the Board or to violate section Section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effect. If requested by the Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form U-1 or such other form referred to in Regulation U, Regulation T or Regulation X of the Board, as the case may be. (b) . The Borrower will not request any Borrowing or Letter of CreditBorrowing, and no Credit Party the Borrower shall not directly or, to the knowledge of the Borrower, indirectly use, and shall procure that its Subsidiaries and its or their respective directors, officers, employees and agents shall not directly or, to the knowledge of such Person, indirectly use, the proceeds of any Borrowing or Letter of Credit (ia) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (iib) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, except Country to the extent permitted for such activities, businesses or transaction would be prohibited by Sanctions if conducted by a Person required to comply with Sanctions corporation incorporated in the United States or (iiic) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Northern Oil & Gas, Inc.)

Proceeds of Loans. (a) The Borrower will not, nor will it permit any other Credit Party to, not permit the proceeds of the Loans Borrowings to be used for any purpose other than those permitted by Section 7.207.22. No Credit Loan Party or nor any Person acting on behalf of any Credit Party the Borrower has taken or will take any action which might may cause any of the Loan Documents to violate Regulations T, U or X or any other regulation of the Board or to violate section Section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effect. If requested by the Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form U-1 or such other form referred to in Regulation U, Regulation T or Regulation X of the Board, as the case may be. (b) . The Borrower will not request any Borrowing or Letter of CreditBorrowing, and no Credit Party the Borrower shall not directly or, to the knowledge of the Borrower, indirectly use, and shall procure that its Subsidiaries Subsidiaries, and its or their respective directors, officers, employees and agents shall not directly or, to the knowledge of such Person, indirectly use, the proceeds of any Borrowing or Letter of Credit (ia) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (iib) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, except Country to the extent permitted for such activities, businesses or transaction would be prohibited by Sanctions if conducted by a Person required to comply with Sanctions corporation incorporated in the United States or (iiic) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 1 contract

Samples: Credit Agreement (Diversified Energy Co PLC)

Proceeds of Loans. (a) The Borrower will not, nor will it permit any other Credit Party to, not permit the proceeds of the Loans to be used for any purpose other than those permitted by Section 7.208.20. No Credit Party or Neither the Borrower nor any Person acting on behalf of any Credit Party the Borrower has taken or will take any action which might cause any of the Loan Documents to violate Regulations T, U or X or any other regulation of the Board or to violate section Section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effect. If requested by the Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form U-1 or such other form referred to in Regulation URegulations T, Regulation T U or Regulation X of the Board, as the case may be. (b) The Borrower will not request any Borrowing or Letter of CreditBorrowing, and no Credit Party the Borrower shall not use, and shall procure that its Subsidiaries any other Loan Party and its or their respective directors, officers, employees employees, Affiliates and agents shall not use, directly or indirectly, the proceeds of any Borrowing Borrowing, or Letter of Credit lend, contribute or otherwise make available such proceeds to any Subsidiary, other Affiliate, joint venture partner or other Person, (i) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws or AML Laws, (ii) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, except to the extent permitted for or involving any goods originating in or with a Sanctioned Person required to comply with Sanctions or Sanctioned Country, or (iii) in any manner that would result in the violation of any Sanctions applicable to by any party heretoPerson (including any Person participating in the transactions contemplated hereunder, whether as underwriter, advisor lender, investor or otherwise).

Appears in 1 contract

Samples: Senior Secured Term Loan Credit Agreement (Eos Energy Enterprises, Inc.)

Proceeds of Loans. (a) The Borrower will not, nor will it permit any other Credit Party to, not permit the proceeds of the Loans to be used for any purpose other than those permitted by Section 7.20. 7.23. (b) No Credit Loan Party or nor any Person acting on behalf of any Credit Party the Borrower has taken or will take any action which might cause causes any of the Loan Documents to violate Regulations T, U or X or any other regulation of the Board or to violate section Section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effect. If requested by the Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form U-1 or such other form referred to in Regulation U, Regulation T or Regulation X of the Board, as the case may be. (bc) The Borrower will not request any Borrowing or Letter of Credit, and no Credit Party the Borrower shall not use, and shall procure that its Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Borrowing or Letter of Credit Credit: (i) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, ; (ii) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, except Country to the extent permitted for such activities, businesses or transaction would be prohibited by Sanctions if conducted by a Person required to comply with Sanctions or corporation incorporated in the United States; or (iii) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 1 contract

Samples: Credit Agreement (Us Energy Corp)

Proceeds of Loans. (a) The Borrower will not, nor will it permit any other Credit Party to, not permit the proceeds of the Loans to be used for any purpose other than those permitted by Section 7.208.16. No Credit Party or Neither the Borrower nor any Person acting on behalf of any Credit Party the Borrower has taken or will take any action which might cause any of the Loan Documents to violate Regulations T, U or X or any other regulation of the Board or to violate section Section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effect. If requested by the Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form U-1 or such other form referred to in Regulation U, Regulation T or Regulation X of the Board, as the case may be. (b) . The Borrower will not request any Borrowing or Letter of CreditBorrowing, and no Credit Party the Borrower shall not use, and shall procure that its Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Borrowing or Letter of Credit (ia) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption LawsLaws in any material respect, (iib) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, except to the extent permitted for a Person required to comply with Sanctions or (iiic) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 1 contract

Samples: Second Lien Credit Agreement (Atlas Resource Partners, L.P.)

Proceeds of Loans. (a) The Borrower will not, nor will it permit any other Credit Party to, not permit the proceeds of the Loans Notes to be used for any purpose other than those permitted by Section 7.207.21. No Credit Party or Neither the Borrower nor any Person acting on behalf of any Credit Party the Borrower has taken or will take any action which might cause any of the Loan Documents to violate Regulations Regulation T, Regulation U or Regulation X or any other regulation of the Board or to violate section Section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effect. If requested by the Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form U-1 or such other form referred to in Regulation U, Regulation T or Regulation X of the Board, as the case may be.. 97 (b) The Borrower will not request any Borrowing or Letter of Credit, and no Credit Party the Borrower shall not use, and shall procure cause that its Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Borrowing or Letter of Credit (i) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (ii) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, except Country to the extent permitted for such activities, businesses or transaction would be prohibited by Sanctions if conducted by a Person required to comply with Sanctions corporation incorporated in the United States of America or (iii) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 1 contract

Samples: Credit Agreement (Chaparral Energy, Inc.)

Proceeds of Loans. (a) The Borrower will not, nor will it permit any other Credit Party to, not permit the proceeds of the Loans Borrowings to be used for any purpose other than those permitted by Section 7.207.22. No Credit Loan Party or nor any Person acting on behalf of any Credit Party the Borrower has taken or will take any action which might may cause any of the Loan Documents to violate Regulations T, U or X or any other regulation of the Board or to violate section Section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effect. If requested by the Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form U-1 or such other form referred to in Regulation U, Regulation T or Regulation X of the Board, as the case may be. (b) . The Borrower will not request any Borrowing or Letter of Credit, and no Credit Party the Borrower shall not directly or, to the knowledge of the Borrower, indirectly use, and shall procure that its Subsidiaries and its or their respective directors, officers, employees and agents shall not directly or, to the knowledge of such Person, indirectly use, the proceeds of any Borrowing or Letter of Credit (ia) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (iib) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, except Country to the extent permitted for such activities, businesses or transaction would be prohibited by Sanctions if conducted by a Person required to comply with Sanctions corporation incorporated in the United States or (iiic) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 1 contract

Samples: Revolving Credit Agreement (Diversified Energy Co PLC)

Proceeds of Loans. (a) The Borrower will not, nor will it permit any other Credit Party to, not permit the proceeds of the Loans Borrowings to be used for any purpose other than those permitted by Section 7.207.23. No Credit Loan Party or nor any Person acting on behalf of any Credit Party the Borrower has taken or will take any action which might may cause any of the Loan Documents to violate Regulations T, U or X or any other regulation of the Board or to violate section Section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunderAct, in each case as now in effect or as the same may hereinafter be in effect. If requested by the Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form U-1 or such other form referred to in Regulation U, Regulation T or Regulation X of the Board, as the case may be. (b) . The Borrower will not request any Borrowing or Letter of Credit, and no Credit Party the Borrower shall not use, and shall procure that its Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Borrowing or Letter of Credit (ia) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Anti- Corruption Laws, (iib) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, except Country to the extent permitted for such activities, businesses or transaction would be prohibited by Sanctions if conducted by a Person required to comply with Sanctions corporation incorporated in the United States or (iiic) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (Lilis Energy, Inc.)

Proceeds of Loans. (a) The Borrower will not, nor will it permit any other Credit Party to, not permit the proceeds of the Loans to be used for any purpose other than those permitted by Section 7.207.21. No Credit Party or Neither the Borrower nor any Person acting on behalf of any Credit Party the Borrower has taken or will take any action which might cause any of the Loan Documents to violate Regulations T, U or X or any other regulation of the Board or to violate section Section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effect. If requested by the Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form U-1 or such other form referred to in Regulation U, Regulation T or Regulation X of the Board, as the case may be. (b) The Borrower will not request any Borrowing or Letter of Credit, and no Credit Party the Borrower shall not use, and shall procure that its Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Borrowing or Letter of Credit (iA) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (iiB) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, except Country to the extent permitted for such activities, businesses or transaction would be prohibited by Sanctions if conducted by a Person required to comply with Sanctions corporation incorporated in the United States or (iiiC) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 1 contract

Samples: Senior Secured Debtor in Possession Revolving Credit Agreement (Halcon Resources Corp)

Proceeds of Loans. (a) The Borrower will not, nor will it permit any other Credit Party to, not permit the proceeds of the Loans to be used for any purpose other than those permitted by Section 7.207.23. No Credit Loan Party or nor any Person acting on behalf of any Credit Party the Borrower has taken or will take any action which might cause causes any of the Loan Documents to violate Regulations T, U or X or any other regulation of the Federal Reserve Board or to violate section Section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effect. If requested by the Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form U-1 or such other form referred to in Regulation U, Regulation T or Regulation X of the Federal Reserve Board, as the case may be. (b) . The Borrower will not request any Borrowing or Letter of Credit, and no Credit Party the Borrower shall not use, and shall procure that its Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Borrowing or Letter of Credit Credit: (ia) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, , (iib) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, except Country to the extent permitted for such activities, businesses or transaction would be prohibited by Sanctions if conducted by a Person required to comply with Sanctions or corporation incorporated in the United States; or (iiic) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 1 contract

Samples: Credit Agreement (Rosehill Resources Inc.)

Proceeds of Loans. (a) The Parent and the Borrower will not, nor will it permit any other Credit Party to, not permit the proceeds of the Loans to be used for any purpose other than those permitted by Section 7.207.21. No Credit Party or Neither the Parent nor the Borrower nor any Person acting on behalf of any Credit Party the Parent and/or the Borrower has taken or will take any action which might cause any of the Loan Documents to violate Regulations Regulation T, Regulation U or Regulation X or any other regulation of the Board or to violate section Section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effect. If requested by the Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form U-1 or such other form referred to in Regulation U, Regulation T or Regulation X of the Board, as the case may be. (b) The Borrower will not request any Borrowing or Letter of CreditBorrowing, and no Credit Party the Parent and the Borrower shall not use, and shall procure cause that its Subsidiaries their respective subsidiaries and its or their respective directors, officers, employees and agents shall not to use, the proceeds of any Borrowing or Letter of Credit (i) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (ii) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, except Country to the extent permitted for such activities, businesses or transaction would be prohibited by Sanctions if conducted by a Person required to comply with Sanctions corporation incorporated in the United States or (iii) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 1 contract

Samples: Credit Agreement (Vanguard Natural Resources, Inc.)

Proceeds of Loans. (a) The Each of the Parent and the Borrower will not, nor will it permit any other Credit Party to, not permit the proceeds of the Loans to be used for any purpose other than those permitted by Section 7.208.15. No Credit Party or Neither the Borrower nor any Person acting on behalf of any Credit Party the Borrower has taken or will take any action which might cause any of the Loan Documents to violate Regulations T, U or X or any other regulation of the Board or to violate section Section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effect. If requested by the Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form U-1 or such other form referred to in Regulation U, Regulation T or Regulation X of the Board, as the case may be. (b) . The Borrower will not request any Borrowing or Letter of Credit, and no Credit Party each of the Parent and the Borrower shall not use, and shall procure that its Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Borrowing or Letter of Credit (ia) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption LawsLaws in any material respect, (iib) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, except to the extent permitted for a Person required to comply with Sanctions or (iiic) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 1 contract

Samples: Credit Agreement (Titan Energy, LLC)

Proceeds of Loans. (a) The Borrower will not, nor will it permit any other Credit Party to, not permit the proceeds of the Loans to be used for any purpose other than those permitted by Section 7.207.23. No Credit Loan Party or nor any Person acting on behalf of any Credit Party the Borrower has taken or will take any action which might cause causes any of the Loan Documents to violate Regulations T, U or X or any other regulation of the Board or to violate section Section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effect. If requested by the Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form U-1 or such other form referred to in Regulation U, Regulation T or Regulation X of the Board, as the case may be. (b) . The Borrower will not request any Borrowing or Letter of Credit, and no Credit Party the Borrower shall not use, and shall procure that its Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Borrowing or Letter of Credit Credit: (ia) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, , (iib) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, except Country to the extent permitted for such activities, businesses or transaction would be prohibited by Sanctions if conducted by a Person required to comply with Sanctions or corporation incorporated in the United States or, (iiic) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 1 contract

Samples: Credit Agreement (Rosehill Resources Inc.)

Proceeds of Loans. (a) The Borrower will not, nor will it permit any other Credit Party to, not permit the proceeds of the Loans to be used for any purpose other than those permitted by Section 7.207.18. No Credit Party or Neither the Borrower nor any Person acting on behalf of any Credit Party the Borrower has taken or will take any action which might cause any of the Loan Documents to violate Regulations TU, U Regulation T or Regulation X or any other regulation of the Board or to violate section Section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effect. If requested by the Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form U-1 or such other form referred to in Regulation U, Regulation T or Regulation X of the Board, as the case may be. (b) The Borrower will not request any Borrowing or Letter of Credit, and no Credit Party the Borrower shall not use, and shall procure that its the Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Borrowing or Letter of Credit (i) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (ii) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, except to the extent permitted for a Person required to comply with Sanctions or (iii) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 1 contract

Samples: Credit Agreement (SM Energy Co)

Proceeds of Loans. (a) The Borrower will not, nor will it permit any other No Credit Party to, will permit the proceeds of the Loans to be used for any purpose other than those permitted by Section 7.207.21. No Neither any Credit Party or nor any Person acting on behalf of any Credit Party has taken or will take any action which might cause any of the Loan Documents to violate Regulations Regulation T, Regulation U or Regulation X or any other regulation of the Board or to violate section Section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effect. If requested by the Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender Agents a statement to the foregoing effect in conformity with the requirements of FR Form U-1 or such other form referred to in Regulation U, Regulation T or Regulation X of the BoardX, as the case may be. (b) . The Borrower will not request any Borrowing or Letter of CreditBorrowing, and no each Credit Party shall not use, and shall procure that its Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Borrowing directly or Letter of Credit knowingly indirectly (ia) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (iib) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or (c) in any Sanctioned Country, except to the extent permitted for a Person required to comply with Sanctions or (iii) in any manner that would result in the violation of any Anti-Corruption Laws, Anti-Money Laundering Laws, or Sanctions Laws applicable to any party hereto.

Appears in 1 contract

Samples: Senior Secured Term Loan Credit Agreement (Berry Corp (Bry))

Proceeds of Loans. (a) The Borrower will not, nor will it permit any other Credit Party to, not permit the proceeds of the Loans Notes to be used for any purpose other than those permitted by Section 7.207.21. No Credit Party or Neither the Borrower nor any Person acting on behalf of any Credit Party the Borrower has taken or will take any action which might cause any of the Loan Documents to violate Regulations Regulation T, Regulation U or Regulation X or any other regulation of the Board or to violate section Section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effect. If requested by the Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form U-1 or such other form referred to in Regulation U, Regulation T or Regulation X of the Board, as the case may be. (b) The Borrower will not request any Borrowing or Letter of Credit, and no Credit Party the Borrower shall not use, and shall procure cause that its Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Borrowing or Letter of Credit (i) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (ii) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, except Country to the extent permitted for such activities, businesses or transaction would be prohibited by Sanctions if conducted by a Person required to comply with Sanctions corporation incorporated in the United States or (iii) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 1 contract

Samples: Credit Agreement (Chaparral Energy, Inc.)

Proceeds of Loans. (a) The Borrower will not, nor will it permit any other Credit Party to, not permit the proceeds of the Loans to be used for any purpose other than those permitted by Section 7.207.21. No Credit Party or Neither the Borrower nor any Person acting on behalf of any Credit Party the Borrower has taken or will take any action which might cause any of the Loan Documents to violate Regulations T, U or X or any other regulation of the Board or to violate section Section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effect. If requested by the Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form U-1 or such other form referred to in Regulation U, Regulation T or Regulation X of the Board, as the case may be. (b) The Borrower will not request any Borrowing or Letter of Credit, and no Credit Party the Borrower shall not use, and shall procure that its Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Borrowing or Letter of Credit (iA) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (iiB) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, except Country to the extent permitted for such activities, businesses or transaction would be prohibited by Sanctions if conducted by a Person required to comply with Sanctions corporation incorporated in the United States of America, or (iiiC) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (Halcon Resources Corp)

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