Common use of Nature of Business; International Operations Clause in Contracts

Nature of Business; International Operations. Neither the Borrower nor any Restricted Subsidiary will allow any material change to be made in the character of its business as an independent oil and gas exploration and production company. From and after the date hereof, the Borrower and its Domestic Subsidiaries will not acquire or make any other expenditure (whether such expenditure is capital, operating or otherwise) in or related to, any Oil and Gas Properties not located within the geographical boundaries of the United States.

Nature of Business; International Operations. Neither the The Borrower nor will not, and will not permit any Restricted Subsidiary will to, allow any material change to be made in the character of its business as currently conducted by it and business activities reasonably incidental thereto as an independent oil and gas exploration and production companycompany with operations in the continental United States. From and after the date hereof, the Borrower and its Domestic Subsidiaries will not acquire or make any other expenditure (whether such expenditure is capital, operating or otherwise) in or related to, any Oil and Gas Properties not located within the geographical boundaries of the United States.

Nature of Business; International Operations. Neither the Borrower nor any Restricted Subsidiary will allow any material change to be made in the character of its business (a) as an independent oil and gas exploration exploration, development and production company, and (b) activities incidental to the foregoing. From and after the date hereof, the Borrower and its Domestic Subsidiaries will not acquire or make any other expenditure (whether such expenditure is capital, operating or otherwise) in or related to, any Oil and Gas Properties not located within the geographical boundaries of the United States.

Nature of Business; International Operations. Neither the The Borrower nor will not, and will not permit any Restricted Subsidiary will to, allow any material change to be made in the character of its business as an independent oil and gas exploration and production company. From and after the date hereof, the Borrower and its Domestic Subsidiaries will not acquire or make any other expenditure (whether such expenditure is capital, operating or otherwise) in or related to, any Oil and Gas Properties not located within the geographical boundaries of the United States.

Nature of Business; International Operations. Neither the The Borrower nor will not, and will not permit any Restricted Subsidiary will or Xxxxxx 2009 Partnership to, allow any material change to be made in the character of its business as an independent oil and gas exploration and production company. From and after the date hereof, the Borrower and its Domestic Subsidiaries will not acquire or make any other expenditure (whether such expenditure is capital, operating or otherwise) in or related to, any Oil and Gas Properties not located within the geographical boundaries of the United StatesStates of America.

Nature of Business; International Operations. Neither the The Borrower nor will not, and will not permit any Restricted Subsidiary will to, allow any material change to be made in the character of its business as an independent oil and gas exploration and production company. From and after the date hereof, the Borrower and its Domestic Subsidiaries will not acquire or make any other expenditure expenditures (whether such expenditure is capital, operating or otherwise) in or related to, any Oil and Gas Properties not located within the geographical boundaries of the United States.

Nature of Business; International Operations. Neither the Borrower nor any Restricted Subsidiary will allow any material change to be made in the character of its business (a) as an independent oil and gas exploration exploration, development and production company, (b) of providing Midstream Services, and (c) activities incidental to the foregoing. From and after the date hereof, the Borrower and its Domestic Subsidiaries will not acquire or make any other expenditure (whether such expenditure is capital, operating or otherwise) in or related to, any Oil and Gas Properties not located within the geographical boundaries of the United States.

Nature of Business; International Operations. Neither the The Borrower nor will not, and will not permit any Restricted Subsidiary will to, allow any material change to be made in the character of its business as an independent oil and gas exploration and production companycompany with midstream, marketing and trading components. From and after the date hereof, the Borrower and its Domestic Subsidiaries will not acquire or make any other expenditure (whether such expenditure is capital, operating or otherwise) in or related to, any Oil and Gas Properties not located within the geographical boundaries or territorial waters of the United StatesStates and will not acquire or form any Foreign Subsidiaries.

Nature of Business; International Operations. Neither the Borrower nor The Borrowers will not, and will not permit any Restricted Subsidiary will to, allow any material change to be made in the character of its business as an independent oil and gas exploration and production company. From and after the date hereof, the a Co-Borrower and its Domestic Subsidiaries will not acquire or make any other expenditure (whether such expenditure is capital, operating or otherwise) in or related to, any Oil and Gas Properties not located within the geographical boundaries or territorial waters of the United StatesStates and will not acquire or form any Foreign Subsidiaries.

Nature of Business; International Operations. Neither the The Borrower nor will not, and will not permit any Restricted Subsidiary will to, allow any material change to be made in the character of its business as an independent oil and gas exploration and production company. From and after the date hereof, the Borrower and its Domestic Subsidiaries will not acquire or make any other expenditure (whether such expenditure is capital, operating or otherwise) in or related to, any Oil and Gas Properties not located within the geographical boundaries of the United States.

Nature of Business; International Operations. Neither The Borrower will not, and will not permit the Borrower nor Parent or any Restricted Subsidiary will to, allow any material change to be made in the character of its business as currently conducted by it and business activities reasonably incidental thereto as an independent oil and gas exploration and production companycompany with operations in the continental United States. From and after the date hereof, the Borrower and its Domestic the Subsidiaries will not acquire or make any other expenditure (whether such expenditure is capital, operating or otherwise) in or related to, any Oil and Gas Properties not located within the geographical boundaries of the United States.

Nature of Business; International Operations. Neither the The Borrower nor will not, and will not permit any Restricted Subsidiary will to, allow any material change to be made in the character of its business as an independent oil and gas exploration and production company. From and after the date hereof, the Borrower and its Domestic Subsidiaries will not acquire or make any other expenditure (whether such expenditure is capital, operating or otherwise) in or related to, any Oil and Gas Properties not located within the geographical boundaries of the United States.

Nature of Business; International Operations. Neither Except as otherwise contemplated by this Agreement, the Financing Orders and the Sale Procedures Order, the Borrower nor will not, and will not permit any Restricted Subsidiary will to, allow any material change to be made in the character of its business as an independent oil and gas exploration and production company. From and after the date hereof, the Borrower and its Domestic Subsidiaries will not acquire or make any other expenditure (whether such expenditure is capital, operating or otherwise) in or related to, any Oil and Gas Properties not located within the geographical boundaries of the United StatesStates of America.

Nature of Business; International Operations. Neither the The Borrower nor will not, and will not permit any Restricted Subsidiary will to, allow any material change to be made in the character of its business as an independent oil and gas exploration and production company. From and after the date hereof, the Borrower and its Domestic Subsidiaries will not acquire or make any other expenditure (whether such expenditure is capital, operating or otherwise) in or related to, commit to acquire any Oil and Gas Properties not located within the geographical boundaries of the United StatesStates of America or in the offshore federal waters of the United States of America and they will not form or acquire any Foreign Subsidiaries.

Nature of Business; International Operations. Neither the The Borrower nor will not, and will not permit any Restricted Subsidiary will to, allow any material change to be made in the character of its business as an independent oil and gas exploration and production companycompany with midstream, marketing and trading components. From and after the date hereofEffective Date, the Borrower and its Domestic Subsidiaries will not acquire or make any other expenditure (whether such expenditure is capital, operating or otherwise) in or related to, any Oil and Gas Properties not located within the geographical boundaries or territorial waters of the United StatesStates and will not acquire or form any Foreign Subsidiaries.

Nature of Business; International Operations. Neither the The Borrower nor will not, and will not permit any Restricted Subsidiary will to, allow any material change to be made in the character of its business as an independent oil and gas exploration and production company. From and after the date hereof, the Borrower and its Domestic the Subsidiaries will not acquire or make any other expenditure (whether such expenditure is capital, operating or otherwise) in or related to, any Oil and Gas Properties not located within the geographical boundaries of the United States.

Nature of Business; International Operations. Neither the The Borrower nor will not, and will not permit any Restricted Subsidiary will to, allow any material change to be made in the character of its business as an independent oil a company engaged in the Oil and gas exploration and production companyGas Business. From and after the date hereof, the Borrower and its Domestic Restricted Subsidiaries will not acquire or make any other expenditure (whether such expenditure is capital, operating or otherwise) in or related to, commit to acquire any Oil and Gas Properties not located within the geographical boundaries of the United StatesStates of America and they will not form or acquire any Foreign Subsidiaries.

Nature of Business; International Operations. Neither the The Borrower nor will not, and will not permit any Restricted Subsidiary will to, allow any material change to be made in the character of its business as an independent oil and gas exploration and production company. From and after the date hereof, the Borrower and its Domestic Subsidiaries will not acquire or make any other expenditure (whether such expenditure is capital, operating or otherwise) in or related to, any Oil and Gas Properties not located within the geographical boundaries of the United StatesStates of America.

Nature of Business; International Operations. Neither the The Borrower nor will not, and will not permit any Restricted Subsidiary will to, allow any material change to be made in the character of its business as an independent oil and gas exploration and production company. From and after the date hereof, the Borrower and its Domestic Subsidiaries will not acquire or make any other expenditure (whether such expenditure is capital, operating or otherwise) in or related to, any Oil and Gas Properties not located within the geographical boundaries of the United States. The Borrower shall not have any Foreign Subsidiaries.

Nature of Business; International Operations. Neither the The Borrower nor will not, and will not permit any Restricted Subsidiary will to, allow any material change to be made in the character of its business as an independent oil and gas exploration and production company. From The Borrower will not, and after the date hereof, the Borrower and its Domestic Subsidiaries will not permit any Subsidiary to, (a) acquire or make any other expenditure (whether such expenditure is capital, operating or otherwise) in or related to, any Oil and Gas Properties not located within the geographical boundaries of the United StatesStates of America or (b) form or acquire any Foreign Subsidiaries.