Solvency and Insurance. Before and after giving effect to the making of the initial Advances (or deemed issuance thereof under Section 2.01(b)), each of the Borrower and its Subsidiaries is Solvent. Additionally, each of the Borrower and its Subsidiaries carry insurance required under Section 5.02 of this Agreement.
Appears in 7 contracts
Samples: Loan Agreement (Resaca Exploitation, Inc.), Loan Agreement (Resaca Exploitation, Inc.), Loan Agreement (Resaca Exploitation, Inc.)
Solvency and Insurance. Before and after giving effect to the making of the initial Advances (or deemed issuance thereof under Section 2.01(b))Advances, each of the Borrower and its Subsidiaries is Solvent. Additionally, each of the Borrower and its Subsidiaries carry insurance required under Section 5.02 of this Agreement5.02.
Appears in 5 contracts
Samples: Credit Agreement (Isramco Inc), Credit Agreement (Abraxas Petroleum Corp), Credit Agreement (Abraxas Petroleum Corp)
Solvency and Insurance. Before and after giving effect to the making of the initial Advances (or deemed issuance thereof under Section 2.01(b))Advance, such Borrower and each of the Borrower and its Relevant Subsidiaries is Solvent. AdditionallyFurthermore, such Borrower and each of the Borrower and its Relevant Subsidiaries carry the insurance required under Section 5.02 of this Agreement.
Appears in 3 contracts
Samples: Senior First Lien Secured Credit Agreement (Cross Border Resources, Inc.), Senior First Lien Secured Credit Agreement (Red Mountain Resources, Inc.), Senior First Lien Secured Credit Agreement (Cross Border Resources, Inc.)
Solvency and Insurance. Before and after giving effect to the deemed making of the initial Advances (or deemed issuance thereof under Section 2.01(b))hereunder, each of the Borrower and each of its Subsidiaries is Solvent. Additionally, each of the Borrower and its Subsidiaries carry insurance required under Section 5.02 of this Agreement5.02.
Appears in 2 contracts
Samples: Credit Agreement (Continental Resources Inc), Credit Agreement (Continental Resources Inc)
Solvency and Insurance. Before and after giving effect to the making of the initial Advances (or deemed issuance thereof under Section 2.01(b))Advances, the Borrower and each of its Restricted Subsidiaries is Solvent. Furthermore, each of the Borrower and its Subsidiaries is Solvent. Additionally, each of the Borrower and its Restricted Subsidiaries carry insurance required under Section 5.02 of this Agreement.
Appears in 2 contracts
Samples: Credit Agreement (Alta Mesa Holdings, LP), Credit Agreement (Alta Mesa Energy LLC)
Solvency and Insurance. Before and after giving effect to the making of the initial Advances (or deemed issuance thereof under Section 2.01(b))Advances, each of the Borrower is, and its Subsidiaries is each Guarantor is, Solvent. Additionally, each of the Borrower and its Subsidiaries carry insurance required under Section 5.02 of this Agreement5.02.
Appears in 2 contracts
Samples: Subordinated Credit Agreement (Crusader Energy Group Inc.), Second Lien Credit Agreement (Crusader Energy Group Inc.)
Solvency and Insurance. Before and after giving effect to the making of the initial Advances (or deemed issuance thereof under Section 2.01(b))and before and after giving effect to the Initial Acquisition and the Private Placement, each of the Borrower and its Subsidiaries is Solvent. Additionally, each of the Borrower and its Subsidiaries carry insurance required under Section 5.02 of this Agreement5.02.
Appears in 2 contracts
Samples: Credit Agreement (Abraxas Energy Partners LP), Credit Agreement (Abraxas Petroleum Corp)
Solvency and Insurance. Before and after giving effect to the making of the initial Advances (or deemed issuance thereof under Section 2.01(b))Advances, each of the Borrower and each of its Subsidiaries is Solvent. AdditionallyFurthermore, each of the Borrower and its Subsidiaries carry insurance required under Section 5.02 of this Agreement.
Appears in 1 contract
Samples: Credit Agreement (Three Forks, Inc.)
Solvency and Insurance. Before and after giving effect to the making of the initial Advances (or deemed issuance thereof under Section 2.01(b2.1(c)), each of the Borrower is Solvent and the Borrower and its Subsidiaries is SolventGuarantors are Solvent on a consolidated basis. AdditionallyFurthermore, each of the Borrower and its Subsidiaries the Guarantors carry insurance required under Section 5.02 of this Agreement5.2.
Appears in 1 contract
Solvency and Insurance. Before and after giving effect to the making of the initial Advances (or deemed issuance thereof under Section 2.01(b))Advances, each of the Borrower and its each of their respective Subsidiaries is Solvent. Additionally, each of the Borrower and its Subsidiaries carry carries insurance required under Section 5.02 of this Agreement5.02.
Appears in 1 contract
Solvency and Insurance. Before and after giving effect to the making of the initial Advances (or deemed issuance thereof under Section 2.01(b))Advances, each of the Borrower and its Subsidiaries is Solvent. AdditionallyFurthermore, each of the Borrower and its Subsidiaries carry insurance required under Section 5.02 of this Agreement.
Appears in 1 contract
Solvency and Insurance. Before and after giving effect to the making of the initial Advances (or deemed issuance thereof under Section 2.01(b))Advances, each of the Borrower is, and its Subsidiaries is each Guarantor is, Solvent. Additionally, each of the Borrower and its Subsidiaries carry insurance required under Section 5.02 of this Agreement5.02.
Appears in 1 contract
