Midstream Contracts. The Company and each Guarantor shall not, directly or indirectly; (a) amend, supplement or otherwise modify any material term or condition (pursuant to a waiver granted by or to such Person or otherwise) or fail to enforce strictly the terms and conditions of the indemnities and rights furnished to the Company or any Guarantor pursuant to the Midstream Contracts, in each case, such that after giving effect thereto such terms, conditions, indemnities and rights shall be materially less favorable to the interests of the Loan Parties or the Lenders with respect thereto; or (b) otherwise amend, supplement or otherwise modify or fail to enforce the terms and conditions of the Midstream Contracts except to the extent that any such amendment, supplement or modification or failure to enforce could not reasonably expected to have a Material Adverse Effect.
Appears in 3 contracts
Sources: Credit Agreement (Exploration Co of Delaware Inc), Term Loan Agreement (TXCO Resources Inc), Term Loan Agreement (Exploration Co of Delaware Inc)