Common use of Compliance with the Laws and Agreements; No Defaults Clause in Contracts

Compliance with the Laws and Agreements; No Defaults. (a) Each of the Obligors and the Restricted Subsidiaries is in compliance with all Governmental Requirements applicable to it or its Property and all agreements and other instruments binding upon it or its Property except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Riviera Resources, LLC), Credit Agreement (Linn Energy, Inc.)

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Compliance with the Laws and Agreements; No Defaults. (a) Each of the Obligors Borrower and the Restricted its Subsidiaries is in compliance with all Governmental Requirements applicable to it or its Property and all agreements and other instruments binding upon it or its Property except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.

Appears in 2 contracts

Samples: Term Loan Agreement (Linn Midwest Energy LLC), Credit Agreement (Linn Energy, LLC)

Compliance with the Laws and Agreements; No Defaults. (a) Each of the Obligors Borrower and the its Restricted Subsidiaries is in compliance with all Governmental Requirements applicable to it or its Property and all agreements and other instruments binding upon it or its Property except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.

Appears in 2 contracts

Samples: Bridge Loan Agreement (Linn Midwest Energy LLC), Credit Agreement (Linn Energy, LLC)

Compliance with the Laws and Agreements; No Defaults. (a) Each of the Obligors Borrower and the Restricted its Subsidiaries is in compliance in all material respects with all Governmental Requirements applicable to it or its Property Property. Each of the Borrower and its Subsidiaries is in compliance with all indentures, agreements and other instruments binding upon it or its Property, and possesses all licenses, permits, franchises, exemptions, approvals and other governmental authorizations necessary for the ownership of its Property and the conduct of its business, except where the failure to do so, individually or in the aggregate, could would not reasonably be expected to result in a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Comstock Resources Inc)

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Compliance with the Laws and Agreements; No Defaults. (a) Each of the Obligors The Borrower and the each Restricted Subsidiaries Subsidiary is in compliance with all Governmental Requirements applicable to it or its Property and all agreements and other instruments binding upon it or its Property Property, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Forest Oil Corp)

Compliance with the Laws and Agreements; No Defaults. (a) Each of the Obligors Borrower and the each Restricted Subsidiaries Subsidiary is in compliance with all Governmental Requirements applicable to it or its Property and all agreements and other instruments binding upon it or its Property Property, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Forest Oil Corp)

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