PQUE definition
Examples of PQUE in a sentence
Borrower and PQUE will not permit POG to acquire any assets other than Working Interests and Royalty Interests in oil and gas properties, the beneficial interests of which are owned by persons other than Borrower or Guarantor.
Contemporaneous with the delivery of the replacement Warrant described in Section 3(a)(iii) by PQUE to the Lenders, the Lenders will return (or make arrangements satisfactory to PQUE for the return of) the original Warrant issued to Lenders in connection with the Closing of the Credit Agreement.
PQUE will not nor will it permit the Borrower or any other subsidiary to transfer assets of any Guarantor or the Borrower to, or assume or discharge the liabilities of, POG, and shall enter into any further agreements as deemed necessary by Lender in its sole and absolute discretion to segregate the assets and liabilities of POG from those of Borrower and all Guarantors.