Examples of Viking Parties in a sentence
None of the Viking Parties is indebted to any of the directors, officers, employees or consultants or any of their respective associates or affiliates or other parties not at arm's length to any Viking Party, except for amounts due as normal compensation or reimbursement of ordinary business expenses, nor is there any indebtedness owing by any such parties to any of the Viking Parties.
The total obligation of the Viking Parties to such advisors is set forth in the Viking Disclosure Letter, a copy of which has been provided to Harvest.
Since January 1, 2005, other than as disclosed in the Public Record, (i) the Viking Parties have conducted their respective businesses only in the ordinary and normal course, (ii) no liability or obligation of any nature (whether absolute, accrued, contingent or otherwise) material to Viking, taken as a whole, has been incurred other than in the ordinary course of business, and (iii) there has not been any Material Adverse Change in respect of the Viking Parties taken as a whole.
As of their respective dates, such reports and statements (excluding any information therein provided by the Viking Parties, as to which Harvest and HOC make no representation) will not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances in which they are made, not misleading and will comply in all material respects with all Applicable Laws.
After the payment of such financial obligations to Viking's advisors, the Viking Parties will not have any continuing obligations to such advisors other than those related to indemnification, confidentiality and the payment of expenses.
For the month of November 2005, the Viking Parties' production was not less than 24,000 boe/d.
The data and information in respect of the Viking Parties and their respective assets, reserves, liabilities, businesses, affairs and operations provided by or on behalf of Viking to or on behalf of Harvest was and is accurate and correct in all material respects as at the respective dates thereof and does not omit any material data or information necessary to make any data or information provided not misleading as at the respective dates thereof.
Policies of insurance are in force as of the date hereof naming a Viking Party as an insured that adequately cover all risks as are customarily covered by oil and gas producers in the industry in which the Viking Parties operate.
As of the date hereof, Viking is the beneficial direct or indirect owner of all of the outstanding shares, limited partnership units and trust units, as applicable, of the Viking Parties (other than Viking) with good title thereto free and clear of any and all encumbrances, except for security interests in such securities for the benefit of the lenders under Viking's credit facilities.
The records and minute books of the Viking Parties have been maintained substantially in accordance with all Applicable Laws and are complete and accurate in all material respects.