Common use of Additional Conditions for Future Acquisitions Clause in Contracts

Additional Conditions for Future Acquisitions. The obligation of the Lenders to make Loans to the Borrower for the future acquisition of interests in Oil and Gas Properties shall be further subject, on the funding date, to the satisfaction (in the opinion of the Administrative Agent), unless waived in writing by the Administrative Agent, of each of the following conditions:

Appears in 2 contracts

Samples: Credit Agreement (Pyramid Oil Co), Credit Agreement (Pyramid Delaware Merger Subsidiary, Inc.)

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Additional Conditions for Future Acquisitions. The obligation of the Lenders to make Loans to the Borrower Borrowers for the future acquisition of interests in Oil oil and Gas Properties gas properties shall be further subject, on the funding dateFunding Date, to the satisfaction (in the opinion of the Administrative Agent), unless waived in writing by the Administrative Agent, of each of the following conditions:

Appears in 1 contract

Samples: Loan Agreement (TransCoastal Corp)

Additional Conditions for Future Acquisitions. The obligation of the Lenders to make Loans to the Borrower for the future acquisition by Borrower or any Subsidiary (the ‘Acquiring Entity’) of interests in Oil and Gas Properties shall be further subject, on the funding date, to the satisfaction (in the opinion of the Administrative Agent), unless waived in writing by the Administrative AgentMajority Lenders, of each of the following conditions:

Appears in 1 contract

Samples: Credit Agreement (Vanguard Natural Resources, LLC)

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Additional Conditions for Future Acquisitions. The obligation of the Lenders to make Loans to the Borrower for the future acquisition by Borrower or any Subsidiary (the "Acquiring Entity") of interests in Oil and Gas Properties shall be further subject, on the funding date, to the satisfaction (in the opinion of the Administrative Agent), unless waived in writing by the Administrative AgentRequired Lenders, of each of the following conditions:

Appears in 1 contract

Samples: Credit Agreement (Vanguard Natural Resources, LLC)

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