Common use of Business; Compliance Clause in Contracts

Business; Compliance. The Borrower and each of its Subsidiaries has performed and abided by all obligations required to be performed by it under any license, permit, order, authorization, grant, contract, agreement, or regulation to which it is a party or by which it or any of its Property is bound except to the extent failure to do so could not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Saratoga Resources Inc /Tx)

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Business; Compliance. The Borrower and each Each of its Subsidiaries the Borrowers has performed and abided by all obligations required to be performed by it to the extent it under any each license, permit, order, authorization, grant, contract, agreement, or regulation to which it is a party or by which it or any of its Property is bound except to the extent failure to do so could not reasonably be expected to have a Material Adverse EffectEffect on the Borrowers.

Appears in 1 contract

Samples: Credit Agreement (Toreador Resources Corp)

Business; Compliance. The Borrower and each of its Subsidiaries has have performed and abided by all obligations required to be performed by it under any license, permit, order, authorization, grant, contract, agreement, or regulation to which it is a party or by which it or any of its Property is bound except to the extent failure to do so could not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Pinnacle Gas Resources, Inc.)

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Business; Compliance. The Borrower and each Each of its Subsidiaries the Borrowers has performed -------------------- and abided by all obligations required to be performed by it under any license, permit, order, authorization, grant, contract, agreement, or regulation to which it is a party or by which it or any of its Property is assets are bound except and which, if any such Person were to the extent fail to perform or abide by, such failure to do so could not reasonably be expected to would have a Material Adverse Effect.

Appears in 1 contract

Samples: Revolving Credit Agreement (Travis Boats & Motors Inc)

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