Payments Rescinded. Any payment by the Company to any Agent or Lender is held to constitute a preference under the bankruptcy laws, or for any reason an Agent or Lender is required to refund such payment or pay such amount to the Company or someone else; or
Appears in 13 contracts
Samples: Guaranty Agreement (United Meridian Corp), Guaranty Agreement (Ocean Energy Inc), Guaranty Agreement (United Meridian Corp)
Payments Rescinded. Any payment by the Company Borrower to any Agent or Lender is held to constitute a preference under the bankruptcy laws, or for any reason an Agent or Lender is required to refund such payment or pay such amount to the Company Borrower or someone else; or
Appears in 6 contracts
Samples: Guaranty Agreement (Queen Sand Resources Inc), Guaranty Agreement (Queen Sand Resources Inc), Guaranty Agreement (Corrida Resources Inc)
Payments Rescinded. Any payment by the Company to any Agent or Lender Bank is held to constitute a preference under the bankruptcy laws, or for any reason an Agent or Lender Bank is required to refund such payment or pay such amount to the Company or someone else; or
Appears in 2 contracts
Samples: Guaranty Agreement (Ocean Energy Inc /Tx/), Revolving Credit Agreement (Ocean Energy Inc /Tx/)
Payments Rescinded. Any any payment by the Company to any Agent or Lender is held to constitute a preference under the bankruptcy laws, or for any reason an Agent or Lender is required to refund such payment or pay such amount to the Company or someone else; or
Appears in 2 contracts
Samples: Guaranty Agreement (Ocean Energy Inc /Tx/), Guaranty Agreement (Ocean Energy Inc /Tx/)
