O&M Agreement definition
Examples of O&M Agreement in a sentence
The Loan Parties shall not enter into any additional or replacement O&M Agreement with an O&M Service Provider other than Confipetrol, without the prior written consent from the Lenders, subject to compliance with Section 5.15.
The Loan Parties shall promptly cause each Marketing Agreement, E&P Agreement and O&M Agreement to be subject to the Pledge over Marketing Agreements, Pledge over E&P Agreements or Pledge over O&M Agreements in accordance with the terms and provisions provided in the Colombian Security Documents.
Use commercially reasonable efforts to ensure that each E&P Agreement, O&M Agreement and Marketing Agreement remains the legal, valid and binding obligations of each of the parties thereto; provided that this Section 5.21 shall not restrict the termination of E&P Agreement, O&M Agreement or Marketing Agreement by the Loan Parties in accordance with the terms thereof so long as no Event of Default would arise as a result of such termination pursuant to Section 7.01(q).