Sales and Leasebacks. Neither the Borrower nor any Subsidiary will enter into any arrangement, directly or indirectly, with any Person whereby the Borrower or any Subsidiary shall sell or transfer any of its Property, whether now owned or hereafter acquired, and whereby the Borrower or any Subsidiary shall then or thereafter rent or lease as lessee such Property or any part thereof or other Property which the Borrower or any Subsidiary intends to use for substantially the same purpose or purposes as the Property sold or transferred.
Appears in 38 contracts
Samples: Credit Agreement (Contango Oil & Gas Co), Second Lien Credit Agreement (Crimson Exploration Inc.), Second Lien Credit Agreement (Crimson Exploration Inc.)
Sales and Leasebacks. Neither the Borrower nor any Subsidiary will enter into any arrangement, directly or indirectly, with any Person whereby the Borrower or any Subsidiary shall sell or transfer any of its Property, whether now owned or hereafter acquired, and whereby the Borrower or any Subsidiary shall then or thereafter rent or lease as lessee such Property or any part thereof or other Property which the Borrower or any Subsidiary intends to use for substantially the same purpose or purposes as the Property sold or transferred.
Appears in 5 contracts
Samples: Credit Agreement (Earthstone Energy Inc), Credit Agreement (Earthstone Energy Inc), Credit Agreement (Earthstone Energy Inc)
Sales and Leasebacks. Neither None of the Borrower Obligors nor any Subsidiary will enter into any arrangement, directly or indirectly, with any Person whereby the Borrower any Obligor or any Subsidiary shall sell or transfer any of its Property, whether now owned or hereafter acquired, and whereby the Borrower such Obligor or any Subsidiary shall then or thereafter rent or lease as lessee such Property or any part thereof or other Property which the Borrower such Obligor or any Subsidiary intends to use for substantially the same purpose or purposes as the Property sold or transferred.
Appears in 4 contracts
Samples: Credit Agreement (Georesources Inc), Credit Agreement (Georesources Inc), Credit Agreement (Georesources Inc)
Sales and Leasebacks. Neither the Borrower nor any Restricted Subsidiary will enter into any arrangement, directly or indirectly, with any Person whereby the Borrower or any Restricted Subsidiary shall sell or transfer any of its PropertyProperty included in the Borrowing Base, whether now owned or hereafter acquired, and whereby the Borrower or any Restricted Subsidiary shall then or thereafter rent or lease as lessee such Property or any part thereof or other Property which the Borrower or any Restricted Subsidiary intends to use for substantially the same purpose or purposes as the Property sold or transferred.
Appears in 4 contracts
Samples: Credit Agreement (McMoran Exploration Co /De/), Credit Agreement (McMoran Exploration Co /De/), Credit Agreement (McMoran Exploration Co /De/)
Sales and Leasebacks. Neither None of the Borrower Obligors nor any Subsidiary will enter into any arrangement, directly or indirectly, with any Person whereby the Borrower any Obligor or any Subsidiary shall sell or transfer any of its Property, whether now owned or hereafter acquired, and whereby the Borrower such Obligor or any such Subsidiary shall then or thereafter rent or lease as lessee such Property or any part thereof or other Property which the Borrower such Obligor or any such Subsidiary intends to use for substantially the same purpose or purposes as the Property sold or transferred.
Appears in 2 contracts
Samples: Credit Agreement (Petrocorp Inc), Credit Agreement (Petrocorp Inc)
Sales and Leasebacks. Neither the Borrower nor any Subsidiary will enter into any arrangement, directly or indirectly, with any Person whereby the Borrower or any Subsidiary shall sell or transfer any of its material Property, whether now owned or hereafter acquired, and whereby the Borrower or any Subsidiary shall then or thereafter rent or lease as lessee such Property or any part thereof or other Property which the Borrower or any Subsidiary intends to use for substantially the same purpose or purposes as the Property sold or transferred.
Appears in 2 contracts
Samples: Credit Agreement (Atp Oil & Gas Corp), Credit Agreement (Atp Oil & Gas Corp)
Sales and Leasebacks. Neither the Borrower nor any Subsidiary will enter into any arrangement, directly or indirectly, with any Person whereby the Borrower or any Subsidiary shall sell or transfer any of its Propertyproperty, whether now owned or hereafter acquired, and whereby the Borrower or any Subsidiary shall then or thereafter rent or lease lease, as lessee lessee, such Property or any part thereof or other Property which the Borrower or any Subsidiary intends to use for substantially the same purpose or purposes as the Property property sold or transferred.
Appears in 1 contract
Sales and Leasebacks. Neither the Borrower nor any Subsidiary will enter into any arrangement, directly or indirectly, with any Person whereby the Borrower or any Subsidiary shall sell or transfer any of its Property, whether now owned or hereafter acquired, and whereby the Borrower or any Subsidiary shall then or thereafter rent or lease lease, as lessee lessee, such Property or any part thereof or other Property which the Borrower or any Subsidiary intends to use for substantially the same purpose or purposes as the Property sold or transferred.
Appears in 1 contract
Sales and Leasebacks. Neither the Borrower nor any Subsidiary will enter into any arrangement, directly or indirectly, with any Person whereby the Borrower or any Subsidiary shall sell or transfer any of its Property, whether now owned or hereafter acquired, and whereby the Borrower or any Subsidiary shall then or thereafter rent or lease as lessee such Property or any part thereof or other Property which the Borrower or any Subsidiary intends to use for substantially the same purpose or purposes as the Property sold or transferred.hereafter
Appears in 1 contract
Sales and Leasebacks. Neither the Parent nor Borrower nor any Subsidiary will enter into any arrangement, directly or indirectly, with any Person whereby the Parent, Borrower or any Subsidiary shall sell or transfer any of its Propertyproperty, whether now owned or hereafter acquired, and whereby the Parent, Borrower or any Subsidiary shall then or thereafter rent or lease as lessee such Property property or any part thereof or other Property property which the Parent, Borrower or any Subsidiary intends to use for substantially the same purpose or purposes as the Property property sold or transferred.
Appears in 1 contract
Samples: Senior Secured Credit Agreement (Midstates Petroleum Company, Inc.)
Sales and Leasebacks. Neither the Borrower nor any Subsidiary of its Subsidiaries will enter into any arrangement, directly or indirectly, with any Person whereby the Borrower or any Subsidiary of its Subsidiaries shall sell or transfer any of its their Property, whether now owned or hereafter acquired, and whereby the Borrower or any Subsidiary of its Subsidiaries shall then or thereafter rent or lease as lessee such Property or any part thereof or other Property which the Borrower or any Subsidiary of its Subsidiaries intends to use for substantially the same purpose or purposes as the Property sold or transferred.
Appears in 1 contract
Sales and Leasebacks. Neither the Borrower nor any Restricted Subsidiary will enter into any arrangement, directly or indirectly, with any Person whereby the Borrower or any Restricted Subsidiary shall sell or transfer any of its Property, whether now owned or hereafter acquired, and whereby the Borrower or any Restricted Subsidiary shall then or thereafter rent or lease as lessee such Property or any part thereof or other Property which the Borrower or any Restricted Subsidiary intends to use for substantially the same purpose or purposes as the Property sold or transferred.
Appears in 1 contract
Sales and Leasebacks. Neither the Borrower nor any Subsidiary will enter into any arrangement, directly or indirectly, with any Person whereby the Borrower or any Subsidiary shall sell or transfer any of its Property, whether now owned or hereafter acquired, and whereby where by the Borrower or any Subsidiary shall then or thereafter rent or lease as lessee such Property or any part thereof or other Property which the Borrower or any Subsidiary intends to use for substantially the same purpose or purposes as the Property sold or transferred.
Appears in 1 contract
Samples: Credit Agreement (Brown Tom Inc /De)