Rights Under Operating Agreements. If an Event of Default exists, Administrative Agent or its designee may, upon Administrative Agent’s notice to Borrower, exercise any of Borrower’s rights under any Operating Agreement or any other Basic Document.
Appears in 4 contracts
Samples: Credit Agreement (American Standard Energy Corp.), Credit Agreement (Voyager Oil & Gas, Inc.), Credit Agreement (American Standard Energy Corp.)
Rights Under Operating Agreements. If Upon the occurrence and during the continuation of an Event of Default existsand after notice to Borrower of its intent to exercise the same, the Administrative Agent or its designee may, upon Administrative Agent’s notice will have the right to Borrower, exercise any of Borrower’s rights under any Operating Agreement or any other Basic Document.
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