Protection from Liens. Manager shall not place any Liens on the Properties, except for Permitted Encumbrances, or to the extent Partnership directs Manager to do so or such liens or encumbrances arise as a result of any contract or agreement entered into or any action or inaction taken by the Manager at the direction or with the consent of Partnership, such consent not to be unreasonably withheld, conditioned or delayed.
Appears in 3 contracts
Samples: Management Services Agreement (Sanchez Energy Corp), Securities Purchase Agreement (Sanchez Energy Corp), Securities Purchase Agreement (Sanchez Energy Corp)
Protection from Liens. Manager, solely in its capacity as Manager acting under this Agreement, shall not place any Liens on the Propertiesassets, except for Permitted Encumbrances, or to the extent Partnership the Company directs Manager to do so or such liens or encumbrances arise as a result of any contract or agreement entered into or any action or inaction taken by the Manager at the direction or with the consent of Partnershipthe Company, such consent not to be unreasonably withheld, conditioned or delayed.
Appears in 3 contracts
Samples: Shareholders Agreement, Management Services Agreement (Sanchez Energy Corp), Production Marketing Agreement (Sanchez Energy Corp)
