Common use of Claims and Liabilities Clause in Contracts

Claims and Liabilities. Except as disclosed to the Lender in ITEM 7.14 ("CLAIMS AND LIABILITIES") of the Disclosure Schedule, neither the Borrower nor any of its 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, would have a Material Adverse Effect. Except as disclosed to the Lender in ITEM 7.14 of the Disclosure Schedule, no claims exist against the Borrower or any of its Subsidiaries for gas imbalances which claims if adversely determined would have a Material Adverse Effect. No purchaser of product supplied by the Borrower or any of its Subsidiaries has any claim against the Borrower or any of its Subsidiaries for product paid for, but for which delivery was not taken as and when paid for, which claim if adversely determined would have a Material Adverse Effect.

Appears in 3 contracts

Samples: Credit Agreement (Esenjay Exploration Inc), Credit Agreement (Esenjay Exploration Inc), Credit Agreement (Esenjay Exploration Inc)

AutoNDA by SimpleDocs

Claims and Liabilities. Except as disclosed to the Lender Lenders in ITEM Item 7.14 ("CLAIMS AND LIABILITIESClaims and Liabilities") of in the Disclosure Schedule, neither none of the Borrower Borrowers nor any of its their 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, would have a Material Adverse Effect. Except as disclosed to the Lender Lenders in ITEM Item 7.14 of the Disclosure Schedule, no claims exist against the Borrower Borrowers or any of its their Subsidiaries for gas imbalances which claims if adversely determined would have a Material Adverse Effect. No purchaser of product supplied by the Borrower Borrowers or any of its their Subsidiaries has any claim against the Borrower Borrowers or any of its their Subsidiaries for product paid for, but for which delivery was not taken as and when paid for, which claim if adversely determined would have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Alliance Resources PLC), Credit Agreement (American Rivers Oil Co /De/)

Claims and Liabilities. Except as disclosed to the Lender Lenders in ITEM Item 7.14 ("CLAIMS AND LIABILITIES"“Claims and Liabilities”) of the Disclosure Schedule, neither the Borrower nor any of its 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, would have a Material Adverse Effect. Except as disclosed to the Lender Lenders in ITEM Item 7.14 of the Disclosure Schedule, no claims exist against the Borrower or any of its Subsidiaries for gas imbalances which claims if adversely determined would have a Material Adverse Effect. No purchaser of product supplied by the Borrower or any of its Subsidiaries has any claim against the Borrower or any of its Subsidiaries for product paid for, but for which delivery was not taken as and when paid for, which claim if adversely determined would have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Sonoran Energy Inc)

Claims and Liabilities. Except as disclosed to the Lender Lenders in ITEM Item 7.14 ("CLAIMS AND LIABILITIESClaims and Liabilities") of the Disclosure Schedule, neither the Borrower nor any of its 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, would have a Material Adverse Effect. Except as disclosed to the Lender Lenders in ITEM Item 7.14 of the Disclosure Schedule, no claims exist against the Borrower or any of its Subsidiaries for gas imbalances which claims if adversely determined would have a Material Adverse Effect. No purchaser of product supplied by the Borrower or any of its Subsidiaries has any claim against the Borrower or any of its Subsidiaries for product paid for, but for which delivery was not taken as and when paid for, which claim if adversely determined would have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Bargo Energy Co)

AutoNDA by SimpleDocs

Claims and Liabilities. Except as disclosed to the Lender in ITEM Item 7.14 ("CLAIMS AND LIABILITIESClaims and Liabilities") of the Disclosure Schedule, neither the Borrower nor any of its 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, would have a Material Adverse Effect. Except as disclosed to the Lender in ITEM Item 7.14 of the Disclosure Schedule, no claims exist against the Borrower or any of its Subsidiaries for gas imbalances which claims if adversely determined would have a Material Adverse Effect. No purchaser of product supplied by the Borrower or any of its Subsidiaries has any claim against the Borrower or any of its Subsidiaries for product paid for, but for which delivery was not taken as and when paid for, which claim if adversely determined would have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Future Petroleum Corp/Ut/)

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