Common use of Take-or-Pay or Other Prepayments Clause in Contracts

Take-or-Pay or Other Prepayments. The Borrower will not allow take-or-pay or other prepayments with respect to the Oil and Gas Properties of the Borrower or any Subsidiary.

Appears in 2 contracts

Samples: Credit Agreement (Ellora Energy Inc), Credit Agreement (Ellora Energy Inc)

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Take-or-Pay or Other Prepayments. The Borrower will not allow take-or-pay or other prepayments with respect to the Oil and Gas production of Hydrocarbons from the Mortgaged Properties of the Borrower Borrower, any of its Subsidiaries, or any SubsidiaryGuarantor.

Appears in 1 contract

Samples: Credit Agreement (Matador Resources Co)

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Take-or-Pay or Other Prepayments. The Borrower Borrowers will not allow take-or-pay or other prepayments with respect to the Oil and Gas Properties of the any Borrower or any Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (Ellora Energy Inc)

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