Common use of Nature of Business; International Operations Clause in Contracts

Nature of Business; International Operations. The Borrower will not, and will not permit the Parent or any Subsidiary to, allow any material change to be made in the character of its business as currently conducted by it and business activities reasonably incidental thereto as an independent oil and gas exploration and production company with operations in the continental United States. From and after the date hereof, the Borrower and the Subsidiaries will not acquire or make any other expenditure (whether such expenditure is capital, operating or otherwise) in or related to, any Oil and Gas Properties not located within the geographical boundaries of the United States.

Nature of Business; International Operations. The Borrower will not, and will not permit the Parent or any Subsidiary to, (i) allow any material change to be made in the character of its business as currently conducted by it and business activities reasonably incidental thereto as an independent oil and gas exploration and production company and (ii) engage directly or indirectly in any business or conduct any operations except in connection with operations in the continental United Statesor incidental to its present businesses and operations. From and after the date hereof, the Borrower and the its Subsidiaries will not acquire or make any other expenditure (whether such expenditure is capital, operating or otherwise) in or related to, any Oil and Gas Properties not located within the geographical boundaries of the United States.

Nature of Business; International Operations. The Except as otherwise contemplated by this Agreement, the Financing Orders and the Sale Procedures Order, the Borrower will not, and will not permit the Parent or any Subsidiary to, allow any material change to be made in the character of its business as currently conducted by it and business activities reasonably incidental thereto as an independent oil and gas exploration and production company with operations in the continental United Statescompany. From and after the date hereof, the Borrower and the its Domestic Subsidiaries will not acquire or make any other expenditure (whether such expenditure is capital, operating or otherwise) in or related to, any Oil and Gas Properties not located within the geographical boundaries of the United StatesStates of America.