Rhino Credit Agreement. Rhino shall have complied with all obligations under the Credit Facility and no further consents or amendments to such Credit Agreement shall be required by the lenders under the Credit Facility to permit the Axxxxxxxx Shares Transfer and there shall be no “Potential Default” or “Event of Default” under the Credit Facility at the time of exercise of the Call Option or immediately after the Axxxxxxxx Shares Transfer.
Appears in 2 contracts
Samples: Option Agreement (Rhino Resource Partners LP), Option Agreement (Royal Energy Resources, Inc.)
Rhino Credit Agreement. Rhino shall have complied with all obligations under the Credit Facility and no further consents or amendments to such Credit Agreement shall be required by the lenders under the Credit Facility to permit the Axxxxxxxx Shares Transfer and there shall be no “Potential Default” or “Event of Default” under the Credit Facility at the time of exercise of the Call Option or immediately after the Axxxxxxxx Shares TransferFacility.
Appears in 2 contracts
Samples: Equity Exchange Agreement (Rhino Resource Partners LP), Equity Exchange Agreement (Royal Energy Resources, Inc.)
