Common use of Development Operations Clause in Contracts

Development Operations. To the knowledge of either Seller or its respective Subsidiaries, there are in existence no facts or circumstances that should reasonably cause a Seller or a Subsidiary to conclude that any development operations on the Sellers Evaluated Properties that are contemplated by the Sellers Reserve Report will not be permitted under applicable laws and governmental rules and regulations or that any third party may have a reasonable basis to cause any court or governmental agency with jurisdiction over such operations to cause the suspension or termination of such operations.

Development Operations. To the knowledge of either Seller or its respective Subsidiaries, there are in existence no facts or circumstances that should reasonably cause a Seller or a Subsidiary to conclude that any development operations on the Sellers Evaluated Properties that are contemplated by the Sellers Reserve Report will not be permitted under applicable laws and governmental rules and regulations or that any third party may have a reasonable basis to cause any court or governmental agency with jurisdiction over such operations to cause the suspension or termination of such operations.. (z)