Common use of Claims and Liabilities Clause in Contracts

Claims and Liabilities. Neither Borrower nor any of its Restricted Subsidiaries has accrued any liabilities under gas purchase contracts for gas not taken, but for which it is liable to pay if not made up and which, if not paid, could reasonably be expected to have a Material Adverse Effect. No claims exist against Borrower or any of its Restricted Subsidiaries for gas imbalances which claims if adversely determined could reasonably be expected to have a Material Adverse Effect. No purchaser of product supplied by Borrower or any of its Restricted Subsidiaries has any claim against Borrower or any of its Restricted Subsidiaries for product paid for, but for which delivery was not taken as and when paid for, which claim if adversely determined could reasonably be expected to have a Material Adverse Effect.

Appears in 7 contracts

Samples: Credit Agreement (Lone Pine Resources Inc.), Credit Agreement (Forest Oil Corp), Credit Agreement (Lone Pine Resources Inc.)

AutoNDA by SimpleDocs

Claims and Liabilities. Neither No Borrower nor any of its Restricted Subsidiaries has accrued any liabilities under gas purchase contracts for gas not taken, but for which it is liable to pay if not made up and which, if not paid, could reasonably be expected to have a Material Adverse Effect. No known claims exist against any Borrower or any of its Restricted Subsidiaries for gas imbalances imbalances, which claims claims, if adversely determined determined, could reasonably be expected to have a Material Adverse Effect. No To the knowledge of the Borrowers, no purchaser of product supplied by any Borrower or any of its Restricted Subsidiaries has any claim against any Borrower or any of its Restricted Subsidiaries for product paid for, but for which delivery was not taken as and when paid for, which claim claim, if adversely determined determined, could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Copano Energy, L.L.C.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.