Common use of Designation and Conversion of Restricted and Unrestricted Subsidiaries Clause in Contracts

Designation and Conversion of Restricted and Unrestricted Subsidiaries. (a) Unless designated as an Unrestricted Subsidiary on Schedule 7.14 as of the date hereof or thereafter, assuming compliance with Section 9.06(b), any Person that becomes a Subsidiary of the Parent or any of its Restricted Subsidiaries shall be classified as a Restricted Subsidiary.

Appears in 5 contracts

Samples: Credit Agreement (Permian Resources Corp), Credit Agreement (Centennial Resource Development, Inc.), Credit Agreement (Centennial Resource Development, Inc.)

AutoNDA by SimpleDocs

Designation and Conversion of Restricted and Unrestricted Subsidiaries. (a) Unless designated as an Unrestricted Subsidiary on Schedule 7.14 6.8 as of the date hereof of this Agreement or thereafter, assuming compliance with thereafter in writing to the Administrative Agent pursuant to Section 9.06(b)7.1.7, any Person that becomes a Subsidiary of the Parent Borrower or any of its Restricted Subsidiaries shall be classified as a Restricted Subsidiary.

Appears in 4 contracts

Samples: Credit Agreement (Noble Energy Inc), Credit Agreement (Noble Energy Inc), Credit Agreement (Noble Energy Inc)

Designation and Conversion of Restricted and Unrestricted Subsidiaries. (a) Unless designated as an Unrestricted Subsidiary on Schedule 7.14 as of the date hereof or thereafter, assuming compliance with Section 9.06(b9.20(b), any Person that becomes a Subsidiary of the Parent Borrower or any of its Restricted Subsidiaries shall be classified as a Restricted Subsidiary.

Appears in 4 contracts

Samples: Credit Agreement (Montage Resources Corp), Credit Agreement (Eclipse Resources Corp), Credit Agreement (Eclipse Resources Corp)

Designation and Conversion of Restricted and Unrestricted Subsidiaries. (a) Unless designated as an Unrestricted Subsidiary on Schedule 7.14 as of the date hereof or thereafter, assuming compliance with Section 9.06(b9.24(b), any Person that becomes a Subsidiary of the Parent Borrower or any of its Restricted Subsidiaries (other than any Subsidiary of an Unrestricted Subsidiary) shall be classified as a Restricted Subsidiary. Any Person that becomes a Subsidiary of any Unrestricted Subsidiary shall be automatically classified as an Unrestricted Subsidiary.

Appears in 4 contracts

Samples: Credit Agreement (WildHorse Resource Development Corp), Credit Agreement (WildHorse Resource Development Corp), Credit Agreement (Memorial Resource Development Corp.)

Designation and Conversion of Restricted and Unrestricted Subsidiaries. (a) Unless designated as an Unrestricted Subsidiary on Schedule 7.14 as of the date hereof or thereafter, assuming compliance with Section 9.06(b9.15(b), any Person that becomes a Subsidiary of the Parent Borrower or any of its Restricted Subsidiaries shall be classified as a Restricted Subsidiary.

Appears in 3 contracts

Samples: Credit Agreement (Rice Energy Inc.), Credit Agreement (Rice Energy Inc.), Senior Secured Term (Rice Energy Inc.)

Designation and Conversion of Restricted and Unrestricted Subsidiaries. (a) Unless designated as an Unrestricted Subsidiary on Schedule 7.14 4.13 as of the date hereof Effective Date or thereafter, assuming compliance with Section 9.06(b6.15(b), any Person that becomes a Subsidiary of the Parent Borrower or any of its Restricted Subsidiaries shall be classified as a Restricted Subsidiary.

Appears in 3 contracts

Samples: Credit Agreement (Clayton Williams Energy Inc /De), Credit Agreement (Clayton Williams Energy Inc /De), Credit Agreement (Clayton Williams Energy Inc /De)

Designation and Conversion of Restricted and Unrestricted Subsidiaries. (a) Unless designated as an Unrestricted Subsidiary on Schedule 7.14 as of the date hereof or thereafterotherwise in compliance with this Section 9.08 for any designation after the date hereof, assuming compliance with Section 9.06(b9.08(b), any Person that becomes a Subsidiary of the Parent or any of its Restricted Subsidiaries shall be classified as a Restricted Subsidiary.

Appears in 3 contracts

Samples: Credit Agreement (Chord Energy Corp), Credit Agreement (Oasis Petroleum Inc.), Credit Agreement (Oasis Petroleum Inc.)

Designation and Conversion of Restricted and Unrestricted Subsidiaries. (a) Unless designated as an Unrestricted Subsidiary on Schedule 7.14 4.13 as of the date hereof Effective Date or thereafter, assuming compliance with Section 9.06(b6.16(b), any Person that becomes a Subsidiary of the Parent Borrower or any of its Restricted Subsidiaries shall be classified as a Restricted Subsidiary.

Appears in 2 contracts

Samples: Credit Agreement (Clayton Williams Energy Inc /De), Credit Agreement (Clayton Williams Energy Inc /De)

Designation and Conversion of Restricted and Unrestricted Subsidiaries. (a) Unless designated as an Unrestricted Subsidiary on Schedule 7.14 7.11 as of the date hereof Effective Date or thereafter, assuming compliance with Section 9.06(b9.07(b), any Person that becomes a Subsidiary of the Parent or any of its Restricted Subsidiaries shall be classified as a Restricted Subsidiary.

Appears in 2 contracts

Samples: Guaranty Agreement (Quicksilver Resources Inc), Credit Agreement (Quicksilver Resources Inc)

Designation and Conversion of Restricted and Unrestricted Subsidiaries. (a) Unless designated as an Unrestricted Subsidiary on Schedule 7.14 3.12 as of the date hereof Effective Date or thereafter, assuming compliance with Section 9.06(b), any Person that becomes a Subsidiary of the Parent or any of its Restricted Subsidiaries shall be classified as a Restricted Subsidiary.

Appears in 2 contracts

Samples: Credit Agreement (Tetra Technologies Inc), Credit Agreement (Tetra Technologies Inc)

Designation and Conversion of Restricted and Unrestricted Subsidiaries. (a) Unless designated as an Unrestricted Subsidiary on Schedule 7.14 4.15 as of the date hereof Closing Date or thereafter, assuming compliance with Section 9.06(b6.11(b), any Person that becomes a Subsidiary of the Parent Borrower or any of its Restricted Subsidiaries shall be classified as a Restricted Subsidiary.

Appears in 2 contracts

Samples: Credit Agreement (Blueknight Energy Partners, L.P.), Credit Agreement (Blueknight Energy Partners, L.P.)

Designation and Conversion of Restricted and Unrestricted Subsidiaries. (a) Unless designated as an Unrestricted Subsidiary on Schedule 7.14 7.11 as of the date hereof Effective Date or thereafter, assuming compliance with Section 9.06(b9.07(b), any Person that becomes a Domestic Subsidiary of the Parent Borrower or any of its Restricted Subsidiaries shall be classified as a Restricted Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (Quicksilver Resources Inc)

Designation and Conversion of Restricted and Unrestricted Subsidiaries. (a) Unless designated as an Unrestricted Subsidiary on Schedule 7.14 as of the date hereof or thereafter, assuming compliance with Section 9.06(b), any Person that becomes a Domestic Subsidiary of the Parent Borrower or any of its Restricted Subsidiaries shall be classified as a Restricted Subsidiary. Any Foreign Subsidiary of the Borrower or any Restricted Subsidiary shall be an Unrestricted Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (Approach Resources Inc)

Designation and Conversion of Restricted and Unrestricted Subsidiaries. (a) Unless designated as an Unrestricted Subsidiary on Schedule 7.14 β€Ž7.11 as of the date hereof Effective Date or thereafter, assuming compliance with Section 9.06(b9.07(b), any Person that becomes a Subsidiary of the Parent Borrower or any of its Restricted Subsidiaries shall be classified as a Restricted Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (Quicksilver Resources Inc)

AutoNDA by SimpleDocs

Designation and Conversion of Restricted and Unrestricted Subsidiaries. (a) Unless designated as an Unrestricted Subsidiary on Schedule 7.14 7.11 as of the date hereof Effective Date or thereafter, assuming compliance with Section 9.06(b9.07(b), any Person that becomes a Subsidiary of the Parent Borrower or any of its Restricted Subsidiaries shall be classified as a Restricted Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (Quicksilver Resources Inc)

Designation and Conversion of Restricted and Unrestricted Subsidiaries. (a) Unless designated as an Unrestricted Subsidiary on Schedule 7.14 7.10 as of the date hereof Effective Date or thereafter, assuming compliance with Section 9.06(b9.07(b), any Person that becomes a Domestic Subsidiary of the Parent or any of its Restricted Subsidiaries shall be classified as a Restricted Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (Quicksilver Resources Inc)

Designation and Conversion of Restricted and Unrestricted Subsidiaries. (a) Unless designated as an Unrestricted Subsidiary on Schedule 7.14 7.13 as of the date hereof Initial Funding Date or thereafter, assuming compliance with Section 9.06(b)9.14(b) below, any Person that becomes a Subsidiary of the Parent Borrower or any of its Restricted Subsidiaries shall be classified as a Restricted Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (Pressburg, LLC)

Designation and Conversion of Restricted and Unrestricted Subsidiaries. (a) Unless designated as an Unrestricted Subsidiary on Schedule 7.14 as of the date hereof or thereafter, assuming compliance with Section 9.06(b9.20(b), any Person that becomes a Subsidiary of the Ultimate Parent or any of its Restricted Subsidiaries shall be classified as a Restricted Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (Eclipse Resources Corp)

Designation and Conversion of Restricted and Unrestricted Subsidiaries. (a) Unless designated as an Unrestricted Subsidiary on Schedule 7.14 3.12 as of the date hereof of this Agreement or thereafter, assuming compliance with Section 9.06(b)thereafter in writing to the Global Administrative Agent, any Person that becomes a Subsidiary of the Parent or any of its Restricted Subsidiaries (including Borrower) shall be classified as a Restricted Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (Storm Cat Energy CORP)

Designation and Conversion of Restricted and Unrestricted Subsidiaries. (a) Unless designated as an Unrestricted Subsidiary on Schedule 7.14 as of the date hereof or thereafterotherwise in compliance with this Section 9.08 for any designation after the date hereof, assuming compliance with Section 9.06(b9.08(b), any Person that becomes a Subsidiary of the Parent or any of its Restricted Subsidiaries shall be classified as a Restricted Subsidiary.. 125

Appears in 1 contract

Samples: Credit Agreement (Oasis Petroleum Inc.)

Designation and Conversion of Restricted and Unrestricted Subsidiaries. (a) Unless designated as an Unrestricted Subsidiary on Schedule 7.14 4.15 as of the date hereof Closing Date or thereafter, assuming compliance with Section 9.06(b6.11(b), any Person that becomes a Subsidiary of the Parent Borrower or any of its Restricted Subsidiaries shall be classified as a Restricted Subsidiary.. 66

Appears in 1 contract

Samples: Credit Agreement (Blueknight Energy Partners, L.P.)

Designation and Conversion of Restricted and Unrestricted Subsidiaries. (a) Unless designated as an Unrestricted Subsidiary on Schedule 7.14 3.9 as of the date hereof or thereafter, assuming compliance with Section 9.06(b)of this Agreement, any Person that becomes a Subsidiary of the Borrower or Parent or any of its their Restricted Subsidiaries shall be classified as a Restricted Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (Lone Pine Resources Inc.)

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