Common use of Lease Conditions Clause in Contracts

Lease Conditions. To the actual knowledge of Seller, with respect to each of the Leases in respect of the ▇▇▇▇▇▇ Ranch (being the Leases designated as 900-002 and 900-003 in Exhibit ”A” to this Agreement), (a) Seller has at all material times during the period that Seller has been a lessee under those Leases complied in all material respects with, and is presently in compliance in all material respects with, all continuous drilling obligations set forth in Section 11 of Exhibit A of such Leases and (b) Seller has not received any written notice from any lessor under either such Lease that such Lease is subject to termination for breach of such continuous drilling obligations.

Lease Conditions. To the actual knowledge of Seller, with respect to each of the Leases in respect of the ▇▇Pe▇▇▇▇ Ranch ▇anch (being the Leases designated as 900-002 and 900-003 in Exhibit ”A” A to this Agreement), (a) Seller has at all material times during the period that Seller has been a lessee under those Leases complied in all material respects with, and is presently in compliance in all material respects with, all continuous drilling obligations set forth in Section 11 of Exhibit A of such Leases and (b) Seller has not received any written notice from any lessor under either such Lease that such Lease is subject to termination for breach of such continuous drilling obligations.

Lease Conditions. To the actual knowledge of Seller, with respect to each of the Leases in respect of the ▇P▇▇▇▇▇ Ranch (being the Leases designated as 900-002 and 900-003 in Exhibit ”A” to this Agreement), (a) Seller has at all material times during the period that Seller has been a lessee under those Leases complied in all material respects with, and is presently in compliance in all material respects with, all continuous drilling obligations set forth in Section 11 of Exhibit A of such Leases and (b) Seller has not received any written notice from any lessor under either such Lease that such Lease is subject to termination for breach of such continuous drilling obligations.