Common use of Sales of Assets Clause in Contracts

Sales of Assets. Except for Permitted Asset Sales, sell, lease, assign, transfer or otherwise dispose of, in one or any series of related transactions, all or any portion of its Oil and Gas Properties or other material assets, whether now owned or hereafter acquired, including transfers to Subsidiaries, nor enter into any arrangement, directly or indirectly, with any Person to sell and rent or lease back as lessee such property or any part thereof which is intended to be used for substantially the same purpose or purposes as the property sold or transferred.

Appears in 8 contracts

Samples: Credit Agreement (Cheniere Energy Inc), Loan Agreement (Venus Exploration Inc), Revolving Credit Agreement (Energy Partners LTD)

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Sales of Assets. Except for Permitted Asset Sales, sellSell, lease, assign, transfer or otherwise dispose of, in one or any series of related transactions, all or any portion part of its Oil and Gas Properties or other material assets, whether now owned or hereafter acquired, including transfers if such transfer is material to SubsidiariesBorrower's operations, nor enter into any arrangement, directly or indirectly, with any Person to sell and rent or lease back as lessee such property assets or any part thereof which is are intended to be used for substantially the same purpose or purposes as the property assets sold or transferred.

Appears in 6 contracts

Samples: Loan Agreement (Carrizo Oil & Gas Inc), Revolving Credit Agreement (Eagle Geophysical Inc), Credit Agreement (Eagle Geophysical Inc)

Sales of Assets. Except for Permitted Asset Sales, sell, lease, assign, transfer or otherwise dispose of, in one or any series of related transactions, all or any portion of its Oil and Gas Properties or other material assets, whether now owned or hereafter acquired, including transfers to Subsidiaries, or permit any Guarantor to do so, nor enter or permit any Guarantor to enter into any arrangement, directly or indirectly, with any Person to sell and rent or lease back as lessee such property or any part thereof which is intended to be used for substantially the same purpose or purposes as the property sold or transferred.

Appears in 1 contract

Samples: Credit Agreement (Continental Resources Inc)

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Sales of Assets. Except for Permitted Asset Sales, sell, lease, assign, transfer or otherwise dispose of, in one or any series of related transactions, all or any portion of its Oil and Gas Properties or other material assets, whether now owned or hereafter acquired, including transfers to SubsidiariesAffiliates, nor enter into any arrangement, directly or indirectly, with any Person to sell and rent or lease back as lessee such property or any part thereof which is intended to be used for substantially the same purpose or purposes as the property sold or transferred.

Appears in 1 contract

Samples: Credit Agreement (Ultra Petroleum Corp)

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