Penn West Parties definition

Penn West Parties means, collectively and taken as a whole, Penn West, PWPL and Trocana Resources Inc., each a direct or indirect wholly-owned Subsidiary of Penn West, and “Penn West Party” means any one of them;
Sample 1Sample 2
Penn West Parties means the Trust, the Borrower, TroCana, the Partnership, PET, PVT, PTF and PAEL and any other Subsidiary of the Trust which, at any time, the Borrower deems, by notice to the Agent, to be a Restricted Subsidiary.
Sample 1
Penn West Parties means 960347, ABC Trust, Acclaim Trust, CRP, AcquisitionCo, Petrofund Trust, PROP Holdco, PROP LP, PWP, PWPL, Sask Trust, Starpoint Trust, Trocana, Penn West Trust, Vault Trust and Ventures Trust.
Sample 1

Examples of Penn West Parties in a sentence

  • A Lender will not make any independent arrangement with the Penn West Parties for the satisfaction of any Indebtedness owing to it under the Documents without the consent of the other Lenders.

  • Each of the Penn West Parties has (i) obtained all permits, licenses and other authorizations which are required under Environmental Laws; and (ii) is in full compliance with Environmental Laws and with the terms and conditions of all such permits, licenses and authorizations; all except to the extent that failure to so obtain or so comply could not reasonably be expected to have a Material Adverse Effect.

  • The Borrower will not, and will not permit the other Penn West Parties to, provide or permit a Security Interest to exist over its property, except for Permitted Encumbrances.

  • Each of the Lenders hereby covenants and agrees that it has not heretofore and will not seek, take, accept or receive any security for any of the Indebtedness of the Penn West Parties under the Documents and will not enter into any agreement with any of the Parties relating in any manner whatsoever to the Credit Facility, unless all of the Lenders will at the same time obtain the benefit of any such security or agreement, as the case may be.

  • The Borrower will not, and will not permit the other Penn West Parties to, make any material change in the nature of its business as carried on at the Closing Date.

  • All regulatory authorizations, consents, approvals, permits and licenses necessary for each of the Penn West Parties to carry on their respective business, as currently carried on, and all authorizations, consents and approvals necessary for each of them to enter into the Documents and perform their respective obligations thereunder have, in each case, been obtained and are in good standing, except to the extent that failure to so obtain could not reasonably be expected to have a Material Adverse Effect.

  • This Agreement and the other Documents constitute the entire agreement between the Agent and the Lenders on one hand and the Penn West Parties on the other hand, and cancels and supersedes any other agreements, undertakings, declarations, representations and warranties, written or verbal among all such Parties in respect of the subject matter of this Agreement.

  • The Agent may accept deposits from, lend money to, and generally engage in any kind of business with the Penn West Parties, their shareholders or unitholders or any Person owned or controlled by any of them and any Person which may do business with any of them, all as if the Agent was not serving as Agent, and without any duty or obligation to account therefor to the Lenders.

  • Each of the Penn West Parties has good and valid title to its properties, subject only to Permitted Encumbrances and to minor defects of title which in the aggregate do not materially affect the rights of ownership therein taken as a whole among all Penn West Parties.

  • Each Penn West Party has in full force and effect such policies of insurance in such amounts issued by such insurers of recognized standing covering the property of the Penn West Parties in accordance with prudent industry standards and Section 14.1(m).


More Definitions of Penn West Parties

Penn West Parties means the Trust, the Borrower, the Partnership Parties, the Trust Parties, 1198330 Alberta Ltd., Canetic ABC Holdings Ltd., Canetic ABC Acquisitionco Ltd., 1262814 Alberta ULC, 960347 Alberta Ltd., 1167639 Alberta Ltd., Trocana Resources Inc., Tika Energy Inc., Upton Resources (USA) Inc., Minnehik Buck Lake Operating Company Ltd., Penn West Petroleum Inc., Premier Resources Ltd., 1075264 Alberta Ltd., Ltd Petroleum, Ltd., NCE Petrofund Management Ltd., 1329813 Alberta Ltd., 1295739 Alberta Ltd., Canetic Licencing Inc., NCE Management Services Inc. and any other Subsidiary of the Trust which, at any time, the Borrower deems, by notice to the Agent, to be a Restricted Subsidiary.
Sample 1
Penn West Parties means 960347, ABC Trust, Acclaim Trust, CRP, AcquisitionCo, Petrofund Trust, PROP Holdco, PROP LP, PWP, Penn West, Sask Trust, Starpoint Trust, Trocana, the Trust, Vault Trust and Ventures Trust.
Sample 1
Penn West Parties means the Borrower and each Restricted Subsidiary.
Sample 1

Related to Penn West Parties

  • Concert Parties means such Persons as are deemed to be Acting in Concert with AbbVie pursuant to Rule 3.3 of Part A of the Takeover Rules.

  • Parent Parties has the meaning set forth in ARTICLE V.

  • Partnership Parties has the meaning assigned to such term in the preamble.

  • Initial Guarantors shall have the meaning set forth in the preamble.

  • Local Parties shall be defined as the Board or the local OSSTF/FEESO bargaining unit party to a collective agreement.

  • Operating Companies shall have the meaning specified in the recitals to this Agreement.

  • LLC means Limited Liability Company.

  • Atlas means Automated Transportation Logistics Activity System. ATLAS is a computerized information system to which all Shippers have access upon request. ATLAS enables Shippers to nominate and release product and to monitor and coordinate the movement of Petroleum Products while on Carrier's system.

  • Transaction Parties As defined in Section 5.3(o).

  • Pipeline company means any person, firm, copartnership, association, corporation, or syndicate engaged in or organized for the purpose of owning, operating, or controlling pipelines for the intrastate transportation or transmission of any solid, liquid, or gaseous substance, except water.

  • Parent Guarantors means, (i) Parent, (ii) Holding, (iii) JBS Global Luxembourg S.à x.x., (iv)

  • Operating Company means an “operating company” within the meaning of 29 C.F.R. §2510.3-101(c) of the Plan Asset Regulations.

  • Production company means a person or entity engaged in the business of making motion picture, television, or radio images for theatrical, commercial, advertising, or education purposes; Reserved

  • MLP has the meaning given such term in the introduction to this Agreement.

  • First Party means [insert name of purchaser];

  • L/C Issuer means Bank of America in its capacity as issuer of Letters of Credit hereunder, or any successor issuer of Letters of Credit hereunder.

  • Healthcare provider means any person or entity including a hospital, physician or a network of providers that provided healthcare services and/or treatments to or on behalf of a Settlement Program Claimant.

  • Security Parties means at any relevant time, the Borrower, the Guarantor, the Pledgor, the Target, the Vessel Owners and any other person who may at any time during the Facility Period be liable for, or provide security for, all or any part of the Indebtedness, and “Security Party” means any one of them.

  • NIM Issuer The entity established as the issuer of the NIM Securities.