Payments and Deductions to a Defaulting Lender. (a) If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.05(a), Section 2.08(d), Section 2.08(e) or Section 4.02 then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid in cash.
Appears in 11 contracts
Samples: Credit Agreement (APEG Energy II, LP), Credit Agreement (Whiting Petroleum Corp), Credit Agreement (Whiting Petroleum Corp)
Payments and Deductions to a Defaulting Lender. (a) If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.05(a2.05(b), Section 2.08(d), Section 2.08(e) or Section 4.02 then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid in cash.
Appears in 9 contracts
Samples: Credit Agreement (Halcon Resources Corp), Senior Revolving Credit Agreement (Halcon Resources Corp), Credit Agreement (Linn Energy, LLC)
Payments and Deductions to a Defaulting Lender. (a) If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.05(a2.1(a), Section 2.08(d)2.2, Section 2.08(e) or Section 4.02 2.11 then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid in cash.
Appears in 7 contracts
Samples: Credit Agreement (Hi-Crush Partners LP), Credit Agreement (Hi-Crush Partners LP), Credit Agreement (Heckmann Corp)
Payments and Deductions to a Defaulting Lender. (a) If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.05(a2.01(a), Section 2.08(d2.07(d), Section 2.08(e) or Section 4.02 2.10(d) then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid in cash.
Appears in 4 contracts
Samples: Credit Agreement (Silver Run Acquisition Corp II), Credit Agreement (Alta Mesa Holdings, LP), Credit Agreement (Alta Mesa Holdings, LP)
Payments and Deductions to a Defaulting Lender. (a) If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.05(a), Section 2.08(d), Section 2.08(e) or Section 4.02 4.02, then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid in cash.
Appears in 4 contracts
Samples: Credit Agreement (Harvest Oil & Gas Corp.), Credit Agreement (EV Energy Partners, LP), Credit Agreement (Cabot Oil & Gas Corp)
Payments and Deductions to a Defaulting Lender. (a) If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.05(a2.1(a), Section 2.08(d)2.3, Section 2.08(e) or Section 4.02 2.12 then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid in cash.
Appears in 2 contracts
Samples: Credit Agreement (Triangle Petroleum Corp), Security Agreement (Triangle Petroleum Corp)
Payments and Deductions to a Defaulting Lender. (a) If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.05(a2.05(b), Section 2.08(d2.09(d), Section 2.08(e2.09(e) or Section 4.02 then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid in cash.
Appears in 2 contracts
Samples: Senior Secured Revolving Credit Agreement (Halcon Resources Corp), Senior Secured Revolving Credit Agreement (Halcon Resources Corp)
Payments and Deductions to a Defaulting Lender. (a) If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.05(a), Section 2.08(d), Section 2.08(e2.05(b) or Section 4.02 then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid in cash.
Appears in 2 contracts
Samples: Possession Credit Agreement (Halcon Resources Corp), Term Loan Agreement (Linn Midwest Energy LLC)
Payments and Deductions to a Defaulting Lender. (a) If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.05(a), Section 2.08(d2.05(b), Section 2.08(e2.09(d), Section 2.09(e) or Section 4.02 then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid in cash.
Appears in 1 contract
Samples: Senior Secured Revolving Credit Agreement (Halcon Resources Corp)
Payments and Deductions to a Defaulting Lender. (a) If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.05(a2.01(a), Section 2.08(d), Section 2.08(e2.01(b) or Section 4.02 2.07(d), then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid in cash.
Appears in 1 contract
Samples: Credit Agreement (Trans Energy Inc)
Payments and Deductions to a Defaulting Lender. (a) If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.05(a2.1(a), Section 2.08(d)2.2, Section 2.08(e) or Section 4.02 2.11 then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the -47- account of such Lender to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid in cash.
Appears in 1 contract
Payments and Deductions to a Defaulting Lender. (a) If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.05(a)2.01, Section 2.08(d)2.07, Section 2.08(e) or Section 4.02 2.10 then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid in cash.
Appears in 1 contract
