Specified Hedge Agreements Sample Clauses

Specified Hedge Agreements. Borrower hereby agrees to provide promptly (but in any event within three Business Days of the date hereof) to Credit Suisse a schedule setting forth, as of the date hereof, all Specified Hedge Agreements of Borrower and each of its Subsidiaries, in form and with detail substantially similar to Attachment 5 to the Compliance Certificate delivered to the Administrative Agent pursuant to the Credit Agreement on November 25, 2008.

Specified Hedge Agreements. The Borrower or any Material Subsidiary (i) defaults in making any payment or delivery due on the last payment, delivery or exchange date of, or any payment due on early termination of, any Specified Hedge Agreement, in each case beyond the period of grace, if any, provided in such Specified Hedge Agreement; or (ii) defaults in the observance or performance of any other agreement or condition relating to any such Specified Hedge Agreement, or any other event shall occur or condition exist, the effect of which default or other event or condition is to cause, or to permit the holder or beneficiary of such Indebtedness (or a trustee or agent on behalf of such holder or beneficiary) to cause, after the giving of notice if required or the elapse of any grace period, a liquidation, acceleration or early termination of such Specified Hedge Agreement; provided, that a default, event or condition described in clause (i) or (ii) of this paragraph (n) shall not at any time constitute an Event of Default unless, at such time, one or more defaults, events or conditions of the type described in clauses (i) and (ii) of this paragraph (n) shall have occurred and be continuing under Specified Hedge Agreements which have an outstanding principal amount of Indebtedness thereunder which exceeds $100,000,000; or then, and in any such event, (A) if such event is an Event of Default specified in paragraph (f) or (g) above as to the Borrower, automatically the Revolving Commitments shall immediately terminate and the Loans hereunder (with accrued interest thereon) and all other amounts owing under this Agreement and the other Loan Documents shall immediately become due and payable, and (B) if such event is any other Event of Default, either or both of the following actions may be taken: (i) with the consent of the Required Lenders, the Administrative Agent may, or upon the request of the Required Lenders, the Administrative Agent shall, by notice to the Borrower declare the Revolving Commitments to be terminated forthwith, whereupon the Revolving Commitments shall immediately terminate; and (ii) with the consent of the Required Lenders, the Administrative Agent may, or upon the request of the Required Lenders, the Administrative Agent shall, by notice to the Borrower, declare the Loans hereunder (with accrued interest thereon) and all other amounts owing under this Agreement and the other Loan Documents to be due and payable forthwith, whereupon the same shall immediately become ...

Specified Hedge Agreements. Each Lender party to a Specified Hedge Agreement that is secured by the Liens created by any Silo Guarantee and Collateral Agreement (as defined in the Existing Credit Agreement) hereby agrees that, effective on the Restatement Effective Date, such Liens shall cease to secure such Specified Hedge Agreement and that neither such circumstance nor the termination or modification of any such Guarantee and Collateral Agreement or any Silo Credit Agreement (as defined in the Existing Credit Agreement) shall give rise to a default, termination event or other remedy under such Specified Hedge Agreement (it being understood that such Specified Hedge Agreement shall continue to be secured by the Liens created by the Guarantee and Collateral Agreement).

Specified Hedge Agreements. The Borrower or any Material Subsidiary (i) defaults in making any payment or delivery due on the last payment, delivery or exchange date of, or any payment due on early termination of, any Specified Hedge Agreement, in each case beyond the period of grace, if any, provided in such Specified Hedge Agreement; or (ii) defaults in the observance or performance of any other agreement or condition relating to any such Specified Hedge Agreement, or any other event shall occur or condition exist, the effect of which default or other event or condition is to cause, or to permit the holder or beneficiary of such Indebtedness (or a trustee or agent on behalf of such holder or beneficiary) to cause, after the giving of notice if required or the elapse of any grace period, a liquidation, acceleration or early termination of such Specified Hedge Agreement; provided, that a default, event or condition described in clause (i) or (ii) of this paragraph (n) shall not at any time constitute an Event of Default unless, at such time, one or more defaults, events or conditions of the type described in clauses (i) and (ii) of this paragraph (n) shall have occurred and be continuing under Specified Hedge Agreements which have an outstanding principal amount of Indebtedness thereunder which exceeds $100,000,000; or

Specified Hedge Agreements. The Administrative Agent shall have received evidence that the Loan Parties shall have entered into Specified Hedge Agreements with respect to its Hydrocarbon production, with the aggregate notional volumes of Hydrocarbons covered by such Specified Hedge Agreements constituting not less than 25% of the aggregate amount of the Loan Parties estimated Hydrocarbon production volumes on an mcf equivalent basis (where one barrel of oil is equal to six mcf of gas) for the succeeding six calendar months after the Closing Date from Oil and Gas Properties classified as Proved Developed Producing Reserves in the Initial Reserve Report plus the estimated production from anticipated drilling by the Borrower or its Subsidiaries during such succeeding six months.