Common use of STATEMENT OF MATERIAL ADVERSE EFFECT Clause in Contracts

STATEMENT OF MATERIAL ADVERSE EFFECT. The Borrower will deliver to the Lender, promptly upon any officer of the Borrower having knowledge of any Event of Default or event or condition (except for events or conditions as to the economy of the United States as a whole or the oil and gas industry as a whole) causing or likely to cause a Material Adverse Effect, a statement of a Responsible Officer, setting forth the Event of Default or event or condition causing or likely to cause a Material Adverse Effect and the steps being taken with respect thereto.

STATEMENT OF MATERIAL ADVERSE EFFECT. The Borrower will deliver ------------------------------------ to the Lender, promptly upon any officer of the Borrower having knowledge of any Event of Default or event or condition (except for events or conditions as to the economy of the United States as a whole or the oil and gas industry as a whole) causing or likely to cause a Material Adverse Effect, a statement of a Responsible Officerthe president, chief executive officer or chief financial officer of the Borrower setting forth the Event of Default or event or condition causing or likely to cause a Material Adverse Effect and the steps being taken with respect thereto.

STATEMENT OF MATERIAL ADVERSE EFFECT. The Borrower will shall deliver to the Lender, promptly upon following a Responsible Officer of any officer of the Borrower Credit Parties having actual knowledge of any Event of Default or event or condition (except for events or conditions as to the economy of the United States as a whole or the oil and gas industry as a whole) causing or likely to cause a Material Adverse Effect, a statement of a Responsible Officer, Officer of the Borrower setting forth the Event of Default or event or condition causing or likely to cause a Material Adverse Effect and the steps being taken with respect thereto.

STATEMENT OF MATERIAL ADVERSE EFFECT. The Borrower will deliver to the Lender, promptly upon any officer of the Borrower having knowledge of any Event of Default or event or condition (except for events or conditions as to the economy of the United States as a whole or the oil and gas industry as a whole) causing or likely to cause a Material Adverse Effect, a statement of a Responsible Officer, setting forth the Event of Default or event or condition causing or likely to cause a Material Adverse Effect and the steps being taken with respect thereto.