Nature of Business; International Operations. The Parent Guarantor and Borrower will not 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 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.
Appears in 4 contracts
Samples: Credit Agreement (Goodrich Petroleum Corp), Credit Agreement (Goodrich Petroleum Corp), Credit Agreement (Goodrich Petroleum Corp)
Nature of Business; International Operations. The Parent Guarantor and Borrower will not, and will not permit any of the Subsidiary Guarantors to, allow any material change to be made in the character of its their business as an independent oil and gas exploration and production company. From and after the date hereof, the Borrower and the Subsidiaries Subsidiary Guarantors 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.
Appears in 3 contracts
Samples: Credit Agreement (Jones Energy, Inc.), Credit Agreement (Jones Energy, Inc.), Credit Agreement (Jones Energy, Inc.)
Nature of Business; International Operations. The Parent Guarantor and Borrower will not, and will not permit any of the Guarantors to, allow any material change to be made in the character of its their business as an independent oil and gas exploration and production company. From and after the date hereof, the Borrower and the Subsidiaries Guarantors 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.
Appears in 2 contracts
Samples: Second Lien Credit Agreement (Jones Energy, Inc.), Credit Agreement (Jones Energy, Inc.)
Nature of Business; International Operations. The Parent Guarantor and Borrower will not 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 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.
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