Common use of Use of Loans and Letters of Credit Clause in Contracts

Use of Loans and Letters of Credit. The proceeds of the Loans and the Letters of Credit shall be used to (a) refinance the Existing Credit Agreement and (b) provide working capital for lease acquisitions, for exploration and production operations, for development (including the drilling and completion of producing xxxxx), for acquisitions of Oil and Gas Properties permitted hereunder and for other general corporate purposes of the Borrower and its Subsidiaries. No Group Member is engaged principally, or as one of its or their important activities, in the business of extending credit for the purpose, whether immediate, incidental or ultimate, of buying or carrying margin stock (within the meaning of Regulation T, U or X of the Board). No part of the proceeds of any Loan or Letter of Credit will be used for any purpose which violates the provisions of Regulations T, U or X of the Board.

Use of Loans and Letters of Credit. The proceeds of the Loans and the Letters of Credit shall be used to (a) refinance the Existing Credit Agreement and (b) provide for working capital for lease acquisitionscapital, for exploration and production operations, and for development (other general company purposes of the Loan Parties, including the drilling and completion of producing xxxxx), for acquisitions acquisition of Oil and Gas Properties permitted hereunder Properties, (b) to pay fees, costs and for other general corporate purposes of expenses associated with the Borrower Transactions and its Subsidiaries(c) on the Effective Date to fund the Effective Date Refinancing. No Group Member is The Loan Parties are not engaged principally, or as one of its or their important activities, in the business of extending credit for the purpose, whether immediate, incidental or ultimate, of buying or carrying margin stock (within the meaning of Regulation T, U or X of the Board). No part of the proceeds of any Loan or Letter of Credit will be used for any purpose which violates the provisions of Regulations T, U or X of the Board.

Use of Loans and Letters of Credit. The proceeds of the Loans and the Letters of Credit shall be used to (a) refinance the Existing Credit Agreement and (b) provide working capital for lease acquisitions, for exploration and production operations, (b) to provide funding in connection with the Acquisition, (c) to refinance Debt under the Existing Credit Agreement, and (d) for development (including the drilling and completion of producing xxxxx), for acquisitions of Oil and Gas Properties permitted hereunder and for other general corporate purposes of the Borrower and its the Subsidiaries. No Group Member is The Borrower and its Subsidiaries are not engaged principally, or as one of its or their important activities, in the business of extending credit for the purpose, whether immediate, incidental or ultimate, of buying or carrying margin stock (within the meaning of Regulation T, U or X of the Board). No part of the proceeds of any Loan or Letter of Credit will be used for any purpose which violates the provisions of Regulations T, U or X of the Board.

Use of Loans and Letters of Credit. The proceeds of the Loans and the Letters of Credit shall be used to (a) refinance the Existing Credit Agreement and (b) provide working capital for lease acquisitions, for exploration and production operations, for operations and development drilling (including the drilling and completion of producing xxxxx), for acquisitions of Oil to pay fees, commissions, expenses and Gas Properties permitted hereunder transaction costs related to the foregoing and the other transactions to occur on the Effective Date, and for other general corporate purposes of the Borrower and its Subsidiaries. No Group Member Credit Party is engaged principally, or as one of its or their important activities, in the business of extending credit for the purpose, whether immediate, incidental or ultimate, of buying or carrying margin stock (within the meaning of Regulation T, U or X of the Board). No part of the proceeds of any Loan or Letter of Credit will be used for any purpose which violates the provisions of Regulations T, U or X of the Board.

Use of Loans and Letters of Credit. The proceeds of the Loans and the Letters of Credit shall be used to (a) refinance for all or any portion of the Existing Credit Agreement and (b) provide cash consideration for the Acquisition, for working capital capital, for lease acquisitions, for exploration and production operations, for development (including the drilling and completion of producing xxxxx), for acquisitions of Oil and Gas Properties permitted hereunder ) and for other general corporate purposes of business purposes, including transaction fees and expenses in connection with the Acquisition. The Borrower and its Subsidiaries. No Group Member is Subsidiaries are not engaged principally, or as one of its or their important activities, in the business of extending credit for the purpose, whether immediate, incidental or ultimate, of buying or carrying margin stock (within the meaning of Regulation T, U or X of the Board). No part of the proceeds of any Loan or Letter of Credit will be used for any purpose which violates the provisions of Regulations T, U or X of the Board.

Use of Loans and Letters of Credit. The proceeds of the Loans and the Letters of Credit shall be used to (a) refinance to renew and restate the Existing Credit Agreement and Indebtedness, (b) to provide working capital for lease acquisitions, for exploration and production operationsproduction, and (c) for development (including the drilling and completion of producing xxxxx), for acquisitions of Oil and Gas Properties permitted hereunder and for other general corporate purposes of the Borrower and its Subsidiaries, including the acquisition of exploration and production properties. No Group Member is The Borrower and its Subsidiaries are not engaged principally, or as one of its or their important activities, in the business of extending credit for the purpose, whether immediate, incidental or ultimate, of buying or carrying margin stock (within the meaning of Regulation T, U or X of the Board). No part of the proceeds of any Loan or Letter of Credit will be used for any purpose which violates the provisions of Regulations T, U or X of the Board.

Use of Loans and Letters of Credit. The proceeds of the Additional Loans and the Letters of Credit shall be used to solely (a) refinance to provide cash collateral to support the Existing Credit Agreement and Borrower’s currently outstanding letters of credit, (b) provide working capital for lease acquisitions, for exploration and production operations, for development (including the drilling and completion of producing xxxxx), for acquisitions of Oil and Gas Properties permitted hereunder and for other general corporate purposes of the Borrower and its SubsidiariesSubsidiaries (including payment of trade payables) and (c) for fees, costs and expenses in connection with the Transactions. No Group Member is The Borrower and its Subsidiaries are not engaged principally, or as one of its or their important activities, in the business of extending credit for the purpose, whether immediate, incidental or ultimate, of buying or carrying margin stock (within the meaning of Regulation T, U or X of the Board). No part of the proceeds of any Loan or Letter of Credit will be used for any purpose which violates the provisions of Regulations T, U or X of the Board.

Use of Loans and Letters of Credit. The proceeds of the Loans and the Letters of Credit shall be used to (a) refinance the Existing Credit Agreement and (b) to provide working capital for lease acquisitionsexploration, for exploration development and production operations, for development (including b) to finance the drilling and completion of producing xxxxx), for acquisitions acquisition of Oil & Gas Properties, (c) to renew, rearrange, modify and Gas Properties permitted hereunder extend the Debt under the Existing Credit Agreement, and (d) for other general corporate purposes of the purposes. The Borrower and its Subsidiaries. No Group Member is Subsidiaries are not engaged principally, or as one of its or their important activities, in the business of extending credit for the purpose, whether immediate, incidental or ultimate, of buying or carrying margin stock (within the meaning of Regulation T, U or X of the Board). No part of the proceeds of any Loan or Letter of Credit will be used for any purpose which violates the provisions of Regulations T, U or X of the Board.

Use of Loans and Letters of Credit. The proceeds of the Loans and the Letters of Credit shall be used to (a) refinance the Existing Credit Agreement and to fund capital expenditures, (b) provide to finance working capital capital, (c) for lease acquisitionsgeneral company purposes, for exploration (d) pay fees and production operationsexpenses related to the Loan Documents and (e) distributions permitted by Section 9.04. The Parent, for development (including the drilling Borrower, and completion of producing xxxxx), for acquisitions of Oil and Gas Properties permitted hereunder and for other general corporate purposes of the Borrower and its Subsidiaries. No Group Member is Restricted Subsidiaries are not engaged principally, or as one of its or their important activities, in the business of extending credit for the purpose, whether immediate, incidental or ultimate, of buying or carrying margin stock (within the meaning of Regulation T, U or X of the Board). No part of the proceeds of any Loan or Letter of Credit will be used for any purpose which violates the provisions of Regulations T, U or X of the Board.

Use of Loans and Letters of Credit. The proceeds of the Loans and the Letters of Credit shall be used to (a) refinance the Existing Credit Agreement and (b) provide to finance ongoing working capital for lease acquisitionsrequirements, for exploration and production operations, for development capital expenditures (including the drilling acquisitions) and completion of producing xxxxx), for acquisitions of Oil and Gas Properties permitted hereunder and for other general corporate purposes of the Borrower, (b) to effect the Refinancing and (c) to pay fees, commissions and expenses in connection with the Transactions. The Borrower and its Subsidiaries. No Group Member is Subsidiaries are not engaged principally, or as one of its or their important activities, in the business of extending credit for the purpose, whether immediate, incidental or ultimate, of buying or carrying margin stock (within the meaning of Regulation T, U or X of the Board). No part of the proceeds of any Loan or Letter of Credit will be used for any purpose which violates the provisions of Regulations T, U or X of the Board.

Use of Loans and Letters of Credit. The proceeds of the Loans and the Letters of Credit shall be used to (a) pay fees and expenses in connection with the Transactions, to refinance the Existing Credit Agreement and (b) provide for working capital for lease acquisitionscapital, for exploration permitted Capital Expenditures, Permitted Acquisitions and production operations, for development (including the drilling and completion of producing xxxxx), for acquisitions of Oil and Gas Properties permitted hereunder and for other general corporate purposes of the Borrower and its Subsidiaries. No Group Member is The Borrower and its Subsidiaries are not engaged principally, or as one of its or their important activities, in the business of extending credit for the purpose, whether immediate, incidental or ultimate, of buying or carrying margin stock (within the meaning of Regulation T, U or X of the Board). No part of the proceeds of any Loan or Letter of Credit will be used for any purpose which violates used, whether immediate, incidental or ultimate, to buy or carry margin stock (within the provisions meaning of Regulations Regulation T, U or X of the Board).

Use of Loans and Letters of Credit. The proceeds of the Loans and the Letters of Credit shall be used to (a) to refinance in full all obligations outstanding under the Existing Credit Agreement and Agreement, (b) provide for working capital for lease acquisitions, for exploration and production operations, for development (including the drilling and completion of producing xxxxx), for acquisitions of Oil and Gas Properties permitted hereunder operations and for other general corporate purposes of the Borrower Loan Parties, including the acquisition of Oil and its SubsidiariesGas Properties and (c) to pay fees and expenses associated with the Transactions. No Group Member is The Loan Parties are not engaged principally, or as one of its or their important activities, in the business of extending credit for the purpose, whether immediate, incidental or ultimate, of buying or carrying margin stock (within the meaning of Regulation T, U or X of the Federal Reserve Board). No part of the proceeds of any Loan or Letter of Credit will be used for any purpose which violates the provisions of Regulations T, U or X of the Federal Reserve Board.

Use of Loans and Letters of Credit. The proceeds of the Loans and the Letters of Credit shall be used to provide working capital (a) to refinance the Existing Credit Agreement and pay fees and expenses incurred therewith, (b) provide working capital for lease acquisitionsCapital Expenditures and Permitted Acquisitions, and (c) for exploration and production operations, for development (including the drilling and completion of producing xxxxx), for acquisitions of Oil and Gas Properties permitted hereunder and for other general corporate purposes of the purposes, including distributions permitted under Section 9.04(d). The Borrower and its Subsidiaries. No Group Member is Subsidiaries are not engaged principally, or as one of its or their important activities, in the business of extending credit for the purpose, whether immediate, incidental or ultimate, of buying or carrying margin stock (within the meaning of Regulation T, U or X of the Board). No part of the proceeds of any Loan or Letter of Credit will be used for any purpose which violates the provisions of Regulations T, U or X of the Board.

Use of Loans and Letters of Credit. The proceeds of the Loans and the Letters of Credit shall be used to (a) refinance the Existing Credit Agreement and to repay existing Debt, (b) to provide working capital for lease acquisitions, for exploration and production operationsproduction, midstream trading and marketing operations and (c) for development (including the drilling and completion of producing xxxxx), for acquisitions of Oil and Gas Properties permitted hereunder and for other general corporate purposes of the Borrower and its Subsidiaries, including the acquisition of exploration and production and midstream properties. No Group Member is The Borrower and its Subsidiaries are not engaged principally, or as one of its or their important activities, in the business of extending credit for the purpose, whether immediate, incidental or ultimate, of buying or carrying margin stock (within the meaning of Regulation T, U or X of the Board). No part of the proceeds of any Loan or Letter of Credit will be used for any purpose which violates the provisions of Regulations T, U or X of the Board.

Use of Loans and Letters of Credit. The proceeds of the Loans and the Letters of Credit shall be used to (a) to refinance in full all obligations outstanding under the Existing Credit Agreement and Agreement, (b) provide for working capital for lease acquisitions, for exploration and production operations, for development (including the drilling and completion of producing xxxxx), for acquisitions of Oil and Gas Properties permitted hereunder operations and for other general corporate purposes of the Borrower Loan Parties, including the acquisition of Oil and its SubsidiariesGas Properties and (c) to pay fees and expenses associated with the Transactions. No Group Member is The Loan Parties are not engaged principally, or as one of its or their important activities, in the business of extending credit for the purpose, whether immediate, incidental or ultimate, of buying or carrying margin stock (within the meaning of Regulation T, U or X of the Federal Reserve Board). No part of the proceeds of any Loan or Letter of Credit will be used for any purpose which violates the provisions of Regulations T, U or X of the Federal Reserve Board.. Section 7.22

Use of Loans and Letters of Credit. The proceeds of the Loans and the Letters of Credit shall be used to (a) refinance the Existing Credit Agreement and to fund capital expenditures, (b) provide to finance working capital capital, (c) for lease acquisitionsgeneral company purposes, for exploration (d) to pay fees and production operationsexpenses related to the Loan Documents and (e) to make distributions permitted by Section 9.04. The Parent, for development (including the drilling Borrower, and completion of producing xxxxx), for acquisitions of Oil and Gas Properties permitted hereunder and for other general corporate purposes of the Borrower and its Subsidiaries. No Group Member is Restricted Subsidiaries are not engaged principally, or as one of its or their important activities, in the business of extending credit for the purpose, whether immediate, incidental or ultimate, of buying or carrying margin stock (within the meaning of Regulation T, U or X of the Board). No part of the proceeds of any Loan or Letter of Credit will be used for any purpose which violates the provisions of Regulations T, U or X of the Board.

Use of Loans and Letters of Credit. The proceeds of the Loans and the Letters of Credit shall be used to (a) refinance the Existing Credit Agreement and (b) to provide working capital for lease acquisitions, for exploration exploration, production operations and production operations, for development (including the drilling and completion of producing xxxxx), ) and (b) for acquisitions of Oil and Gas Properties permitted hereunder and for other general corporate purposes of the Borrower and its Subsidiariesthe Guarantors. No Group Member is The Borrower and the Restricted Subsidiaries are not engaged principally, or as one of its or their important activities, in the business of extending credit for the purpose, whether immediate, incidental or ultimate, of buying or carrying margin stock (within the meaning of Regulation T, U or X of the Board). No part of the proceeds of any Loan or Letter of Credit will be used for any purpose which violates the provisions of Regulations T, U or X of the Board.”

Use of Loans and Letters of Credit. The proceeds of the Loans and the Letters of Credit shall be used to (a) refinance the Existing Credit Agreement and (b) provide working capital for lease acquisitions, for exploration and production operations, (b) to refinance Debt under the Existing Credit Agreement, and (c) for development (including general corporate purposes, including, without limitation, the drilling and completion of producing xxxxx), for acquisitions acquisition of Oil and Gas Properties otherwise permitted hereunder and for other general corporate purposes of the hereby. The Borrower and its Subsidiaries. No Group Member is Subsidiaries are not engaged principally, or as one of its or their important activities, in the business of extending credit for the purpose, whether immediate, incidental or ultimate, of buying or carrying margin stock (within the meaning of Regulation T, U or X of the Board). No part of the proceeds of any Loan or Letter of Credit will be used for any purpose which violates the provisions of Regulations T, U or X of the Board.