Common use of No Burdensome Restrictions; No Defaults Clause in Contracts

No Burdensome Restrictions; No Defaults. Neither the Borrower nor any of its Subsidiaries is a party to any indenture, loan, or credit agreement or any lease or other agreement or instrument or subject to any charter or corporate restriction or provision of applicable law or governmental regulation which could reasonably be expected to cause a Material Adverse Change. The Borrower and the Guarantors are not in default under or with respect to any contract, agreement, lease, or other instrument to which the Borrower or any Guarantor is a party and which could reasonably be expected to cause a Material Adverse Change. Neither the Borrower nor any Guarantor has received any notice of default under any material contract, agreement, lease, or other instrument to which the Borrower or such Guarantor is a party. No Default has occurred and is continuing.

Appears in 8 contracts

Samples: Credit Agreement (Stone Energy Corp), Credit Agreement (Stone Energy Corp), Credit Agreement (Stone Energy Corp)

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No Burdensome Restrictions; No Defaults. (a) Neither the Borrower nor any of its Subsidiaries Guarantor is a party to any indenture, loan, or credit agreement or any lease or other agreement or instrument or subject to any charter or corporate restriction or provision of applicable law or governmental regulation which Legal Requirement that could reasonably be expected to cause a Material Adverse Change. The Neither the Borrower and the Guarantors are not nor any of its Subsidiaries is in default under or with respect to any contract, agreement, lease, or other instrument to which the Borrower or any Guarantor Subsidiary is a party and which could reasonably be expected to cause a Material Adverse ChangeChange or under any agreement in connection with any Debt. Neither the Borrower nor any Guarantor of its Subsidiaries has received any notice of default under any material contract, agreement, lease, or other instrument to which the Borrower or such Guarantor Subsidiary is a party. No Default has occurred and is continuing.

Appears in 7 contracts

Samples: Credit Agreement (Abraxas Energy Partners LP), Credit Agreement (Abraxas Energy Partners LP), Subordinated Credit Agreement (Abraxas Energy Partners LP)

No Burdensome Restrictions; No Defaults. (a) Neither the Borrower nor any of its Subsidiaries Guarantor is a party to any indenture, loan, or credit agreement or any lease or other agreement or instrument or subject to any charter or corporate restriction or provision of applicable law or governmental regulation which Legal Requirement that could reasonably be expected to cause a Material Adverse Change. The Neither the Borrower and the Guarantors are not nor any of its Subsidiaries is in default (i) under or with respect to any contract, agreement, lease, or other instrument to which the Borrower or any Guarantor Subsidiary is a party and which default could reasonably be expected to cause a Material Adverse ChangeChange or (ii) under any agreement in connection with any Debt. Neither the Borrower nor any Guarantor of its Subsidiaries has received any notice of default under any material contract, agreement, lease, or other instrument to which the Borrower or such Guarantor Subsidiary is a party. No Default has occurred and is continuing.

Appears in 5 contracts

Samples: Credit Agreement (Isramco Inc), Credit Agreement (Abraxas Petroleum Corp), Credit Agreement (Abraxas Petroleum Corp)

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No Burdensome Restrictions; No Defaults. (a) Neither the Borrower nor any of its Subsidiaries the Guarantors is a party to any indenture, loan, or credit agreement or any lease or other agreement or instrument or subject to any charter or corporate restriction or provision of applicable law or governmental regulation which could reasonably be expected to cause a Material Adverse Change. The Borrower and the Guarantors are not in default under or with respect to any contract, agreement, lease, or other instrument to which the Borrower or any Guarantor is a party and which could reasonably be expected to cause a Material Adverse Change. Neither the Borrower nor any Guarantor has received any notice of default under any material contract, agreement, lease, or other instrument to which the Borrower or such Guarantor is a party. No Default has occurred and is continuing.

Appears in 2 contracts

Samples: Credit Agreement (RLP Gulf States LLC), Credit Agreement (Ram Energy Inc/Ok)

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