Hedge Transactions. Notwithstanding the terms of Section 4 of the Loan Agreement, Borrower and Guarantors agree that during the Forbearance Period and so long thereafter as any Event of Default remains outstanding and uncured, Borrower and Guarantors shall not enter into any Hedge Transaction without the prior written consent of Lender. If Lender consents to any additional Hedge Transactions, those Hedge Transactions must comply with the terms of Section 4 of the Loan Agreement.
Appears in 6 contracts
Samples: Second Forbearance Agreement, Second Forbearance Agreement (Infinity Energy Resources, Inc), First Forbearance Agreement (Infinity Energy Resources, Inc)
Hedge Transactions. Notwithstanding the terms of Section 4 of the Loan AgreementAgreement or any term of any Transaction Document to the contrary, Borrower and Guarantors the Credit Parties agree that during the Forbearance Period and so long thereafter as any Event of Default remains outstanding has occurred and uncuredis continuing, Borrower and Guarantors the Credit Parties shall not enter into any Hedge Transaction without the prior written consent of Lender. If Lender consents to any additional Hedge Transactions, those Hedge Transactions must comply with the terms of Section 4 of the Loan Agreement.
Appears in 2 contracts
Samples: Second Forbearance Agreement (Infinity Energy Resources, Inc), Second Forbearance Agreement (Infinity Energy Resources, Inc)
