Castex definition
Examples of Castex in a sentence
Purchaser agrees to comply with (and to cause Purchaser’s Representatives to comply with) the rules, regulations and instructions issued by Seller and its Affiliates, the Company or Castex, as applicable, regarding the actions of Purchaser (and Purchaser’s Representatives) in conducting any inspection pursuant to this Section 6.1.
Seller (or its Affiliates) and the Company (or Castex, on behalf of the Company or on behalf of Seller) have obtained and are maintaining all material Permits that are presently necessary to carry on the Company’s business as currently conducted and the Company is in compliance with the terms of such Permits in all material respects.
Seller shall provide Purchaser and/or Purchaser’s Representatives with reasonable access to the representatives of Castex for the purposes of Purchaser’s due diligence investigation of the Company Assets.
As of the Execution Date, the Company (or Seller and its Affiliates or Castex, on behalf of the Company) is an “insured” under the insurance policies applicable to the Company set forth on Schedule 3.17, which includes for each such policy the name of the insurer and a general description of the risks insured and related limits under each such policy.
Subject to Section 4.4 of the Castex Holdco LLCA, the Member shall have the authority to appoint and terminate officers of the Company and retain and terminate employees, agents and consultants of the Company and to delegate such duties to any such officers, employees, agents and consultants as the Member deems appropriate, including the power, acting individually or jointly, to represent and bind the Company in all matters, in accordance with the scope of their respective duties.
The Administrative Agent shall, to the extent requested by it, have received title information and opinions in form and substance reasonably satisfactory to the Administrative Agent with respect to the Castex Oil and Gas Properties.
The Administrative Agent shall have received, to the extent requested, favorable environmental site assessments, reports and evaluations and regulatory compliance reviews satisfactory to the Administrative Agent covering that portion of the Castex Oil and Gas Properties reasonably determined to be appropriate by the Administrative Agent.
Schedule 3.27 sets forth an accurate and complete list of all deposit, demand, time, savings, passbook, security or similar accounts that the Company (or Seller and its Affiliates or Castex, solely on behalf of the Company and for which the Company is responsible) maintain with any bank or financial institution, the names and addresses of the financial institutions maintaining each such account, the purpose for which such account is established and the authorized signatories on each such account.
EPL and Castex desire to mutually conduct prospect generation activities as set forth herein and to have the option, but not the obligation, to participate with each other, under the terms set forth herein, in the acquisition and development of Prospects covering certain lands within the Exploration Area.
Production Handling Agreement dated effective December 30, 2010, by and between Phoenix Exploration LP, as Operator of the Host Processing Facility and Phoenix Exploration Louisiana C, LLC, Castex Energy 2005, L.P. and Petsec Exploration and Production L.L.C., as Producer.