New Credit Facility. As promptly as is reasonably practicable following the date hereof, Buyer will use its reasonable best efforts to enter into a senior secured syndicated credit facility (the “Facility”) led by ING Bank N.V., London Branch, with a number of international banks as additional lenders, substantially on the terms and conditions set forth in Schedule I hereto.
New Credit Facility. Each Party shall use commercially reasonable best efforts to negotiate with a lender reasonably acceptable to Oak Valley a reserve based revolving credit facility substantially in the form of Oak Valley’s existing credit facility to be entered into by Earthstone at Closing (“New Credit Facility”) and borrow amounts under the New Credit Facility sufficient to repay (i) all outstanding indebtedness under Earthstone’s existing credit facility at Closing, and (ii) all outstanding indebtedness under Oak Valley’s existing credit facility at Closing.
New Credit Facility. The definitive agreements governing the ------------------- Edwards Credit Facility shall have been executed.
New Credit Facility. All obligations and liabilities of Santa Fe under that certain Note Agreement dated as of _____________, 1996 among Monterey Resources, Inc., and the purchasers party thereto pursuant to which Monterey Resources, Inc. issued its 10.61% Senior Notes due March 31, 2005 in the principal amount of $175,000,000.
New Credit Facility. The Company has all requisite power and authority to execute, deliver and perform its obligations under the New Credit Facility. The New Credit Facility has been duly and validly authorized by the Company and when executed and delivered by the Company (assuming the due authorization, execution and delivery by the other parties thereto other than the Company), will constitute valid and legally binding agreement of the Company, enforceable against the Company in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization or similar laws affecting the rights of creditors generally, and subject to general principles of equity. The New Credit Facility conforms in all material respects to the description thereof in the Registration Statement and the Prospectus.
New Credit Facility. The closing of the New Credit Facility shall have occurred concurrently with the offering of the Shares.
New Credit Facility. This Agreement (a) constitutes "New Credit Facility" (as defined in the Indenture), and (b) is a replacement of the Credit Agreement dated as of April 11, 1995, as amended, among Borrower, KeyBank National Association (successor by merger to Society National Bank), as Agent, and the banking institutions listed on Annex 1 attached thereto], and the Credit Agreement dated as of January 14, 1998 among Borrower, KeyBank National Association, as Administrative Agent, The Huntington National Bank, as Co-Agent, and the banking institutions listed on Schedule 1 attached thereto.
New Credit Facility. At any time any Borrower or any of its Subsidiaries enters into a New Credit Facility (provided that the lender providing such New Credit Facility or its designee executes an acknowledgment, in substantially the form of Annex A), this Agreement shall be reinstated in full force and effect, and any prior termination thereof, if any, as a result of a prior Discharge of Credit Agreement Secured Obligations, shall not diminish, release, discharge, impair, or otherwise affect the obligations of the parties hereto (including the lender providing for the New Credit Facility) from such date of reinstatement. It is hereby agreed that the entering into of any new Credit Agreement would not constitute an amendment, modification or supplement to any of the Indenture Loan Documents.
New Credit Facility. The Company and the Guarantors shall have entered into the New Credit Facility and the lenders thereunder shall have received executed counterparts thereof and all conditions precedent to an initial borrowing by the Company thereunder and to the issuance of letters of credit thereunder shall have been met or be met concurrently with the closing of the offering of the Notes and the payment of the purchase price therefor.
New Credit Facility. Purchaser shall have entered into the New Credit Facility on terms, conditions and a duration satisfactory to Purchaser.
