Nature of Business; International Operations. Neither the Borrower nor any Material 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 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 or Canada in excess of $10,000,000 in the aggregate.
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Samples: Credit Agreement (St Mary Land & Exploration Co), Credit Agreement (St Mary Land & Exploration Co)
Nature of Business; International Operations. Neither the Borrower nor any Material Restricted Subsidiary will allow any material change to be made in the character of its business as an independent oil and gas exploration exploration, development and production companycompany and 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 or Canada in excess of $10,000,000 in the aggregateStates.
Appears in 2 contracts
Samples: Senior Revolving Credit Agreement (Petrohawk Energy Corp), Senior Revolving Credit Agreement (Petrohawk Energy Corp)
Nature of Business; International Operations. Neither of the Borrower Borrowers nor any Material Subsidiary will allow any material change to be made in the character of its business as an independent oil and gas exploration exploration, production and production company. From and after the date hereof, the Borrower and its Subsidiaries gathering company or 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 or Canada in excess of $10,000,000 in the aggregateStates.
Appears in 2 contracts
Samples: Loan Agreement (Quest Resource Corp), Third Lien Term Loan Agreement (Quest Resource Corp)
Nature of Business; International Operations. Neither of the Borrower Borrowers nor any Material Subsidiary will allow any material change to be made in the character of its business as an independent oil and gas exploration exploration, production and production gathering company. From , and after the date hereof, the Borrower and its 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 or Canada in excess of $10,000,000 in the aggregateStates.
Appears in 2 contracts
Samples: Senior Credit Agreement (Quest Resource Corp), Senior Credit Agreement (Quest Resource Corp)
Nature of Business; International Operations. Neither of the Borrower Borrowers nor any Material Subsidiary will allow any material change to be made in the character of its business as an independent oil and gas exploration exploration, production and production company. From and after the date hereof, the Borrower and its Subsidiaries gathering 57 company or 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 or Canada in excess of $10,000,000 in the aggregateStates.
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