QUALIFIED INVESTMENT. expenditures incurred to drill, develop or acquire Oil and Gas Properties or to acquire equipment, in each case, useful in the business of Borrower or any Wholly Owned Subsidiary Guarantor.
Appears in 2 contracts
Samples: Credit Agreement (Trans Energy Inc), Credit Agreement (Trans Energy Inc)
QUALIFIED INVESTMENT. expenditures incurred to drill, develop or acquire Oil and Gas Properties or to acquire equipment, equipment in each case, useful in the business of Borrower or any Wholly Owned Subsidiary Guarantor.
Appears in 2 contracts
Samples: Credit Agreement (Parsley Energy, Inc.), Credit Agreement (Parsley Energy, Inc.)
