Prohibited Contracts. Other than those listed on Schedule 7.11: (a) enter into any “take-or-pay” contract or other contract or arrangement for the purchase of goods or services which obligates it to pay for such goods or service regardless of whether they are delivered or furnished to it, other than contracts for pipeline capacity or for services in either case reasonably anticipated to be utilized in the ordinary course of business; (b) amend or permit any amendment to any contract or lease which releases, qualifies, limits, makes contingent or otherwise detrimentally affects the rights and benefits of Administrative Agent or any Lender under or acquired pursuant to any Security Documents; or (c) incur any obligation to contribute to any Multiemployer Plan.
Appears in 4 contracts
Samples: Credit Agreement (SemGroup Energy Partners, L.P.), Credit Agreement (SemGroup Energy Partners, L.P.), Credit Agreement (SemGroup Energy Partners, L.P.)
Prohibited Contracts. Other than those listed on Schedule 7.11:
(a) enter into any “take-or-pay” contract or other contract or arrangement for the purchase of goods or services which obligates it to pay for such goods or service regardless of whether they are delivered or furnished to it, other than contracts for pipeline capacity or for services in either case reasonably anticipated to be utilized in the ordinary course of business;
(b) amend or permit any amendment to any contract or lease Material Contract which releases, qualifies, limits, makes contingent or otherwise could reasonably be expected to detrimentally affects affect the rights and benefits of Administrative Agent or any Lender under or acquired pursuant to any Security Documents; or
(c) incur any obligation to contribute to any Multiemployer PlanPlan or permit any ERISA Affiliate to do so.
Appears in 2 contracts
Samples: Credit Agreement (Copano Energy, L.L.C.), Credit Agreement (Copano Energy, L.L.C.)
Prohibited Contracts. Other than those listed on Schedule 7.11:
(a) enter into any “take-or-pay” contract or other contract or arrangement for the purchase of goods or services which obligates it to pay for such goods or service regardless of whether they are delivered or furnished to it, other than contracts for pipeline capacity or for services in either case reasonably anticipated to be utilized in the ordinary course of business;
(b) amend or permit any amendment to any contract or lease Material Contract which releases, qualifies, limits, makes contingent or otherwise could reasonably be expected to detrimentally affects affect the rights and benefits of Administrative Agent or any Lender under or acquired pursuant to any Security DocumentsLoan Document; or
(c) incur any obligation to contribute to any Multiemployer PlanPlan or permit any ERISA Affiliate to do so.
Appears in 1 contract