Common use of Suspense of Proceeds Clause in Contracts

Suspense of Proceeds. No proceeds from the sale of Hydrocarbons attributable to Borrower’s interests in the Properties are being held in suspense for any reason except which could not reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Voyager Oil & Gas, Inc.), Credit Agreement (Voyager Oil & Gas, Inc.)

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Suspense of Proceeds. No proceeds from the sale of Hydrocarbons attributable to Borrower’s interests in the Properties are being held in suspense for any reason except which could not reasonably be expected to have a Material Adverse Effectreason.

Appears in 2 contracts

Samples: Credit Agreement (American Standard Energy Corp.), Credit Agreement (American Standard Energy Corp.)

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