Common use of Maintenance and Operation of Property Clause in Contracts

Maintenance and Operation of Property. Except to the extent that the failure to comply could not reasonably be expected to have a Material Adverse Effect and consistent with the standards of a reasonably prudent operator under the same circumstances: (a) Maintain, develop, and operate Borrower's and the Guarantors' Oil and Gas Properties, and oil and gas gathering assets in a good and workmanlike manner, and observe and comply with all of the terms and provisions, express or implied, of all oil and gas leases relating to the Properties so long as the oil and gas leases are capable of producing Hydrocarbons in quantities and at prices providing for continued efficient and profitable operation of business; (b) Comply in all material respects with all contracts and agreements applicable to or relating to Borrower's and the Guarantors' Oil and Gas Properties or the production and sale of hydrocarbons and accompanying elements therefrom; (d) With respect to Borrower's and the Guarantors' Oil and Gas Properties, and oil and gas gathering assets which are operated by operators other than Borrower or a Subsidiary, seek to enforce the operators' contractual obligations to maintain, develop, and operate such Properties subject to the applicable operating agreements. (e) If and when any of the well▇ ▇▇▇ated on the Oil and Gas Properties of the Borrower or its Subsidiaries ceases producing Hydrocarbons in paying quantities and is of no further use and the Borrower or any other Person is required to do so under any agreement or law or when doing so would be in conformity with generally accepted practices then prevalent in the Borrower's industry, the Borrower will plug and abandon, or cause to be plugged and abandoned, any and all such well▇ ▇▇ accordance in all material respects with industry practice and the local state and/or federal laws and regulations then in force and regulating the plugging of Hydrocarbon well▇.

Maintenance and Operation of Property. Except to To the extent that the failure to comply could not reasonably be expected to have a Material Adverse Effect on the financial condition or operations of Borrower or its Subsidiaries and consistent with the standards of a reasonably prudent operator under the same circumstancesoperator: (a) Maintain, develop, and operate Borrower's and the Guarantors' Oil and Gas Properties, and oil and gas gathering assets in a good and workmanlike manner, and observe and comply with all of the terms and provisions, express or implied, of all oil and gas leases relating to the Properties properties so long as the oil and gas leases are capable of producing Hydrocarbons hydrocarbons and accompanying elements in quantities and at prices providing for continued efficient and profitable operation of business; (b) Comply in all material respects with all contracts and agreements applicable to or relating to Borrower's and the Guarantors' Oil and Gas Properties or the production and sale of hydrocarbons and accompanying elements therefrom; (c) At all times, maintain, preserve, and keep all operating equipment used with respect to Borrower's Oil and Gas Properties, and oil and gas gathering assets in proper repair, working order and condition, and make all necessary or appropriate repairs, renewals, replacements, additions and improvements thereto so that the efficiency of the operating equipment shall at all times be properly preserved and maintained, provided that no item of operating equipment need be so repaired, renewed, replaced, added to or improved, if Borrower or its Subsidiaries shall in good faith determine that the action is not necessary or desirable for its continued efficient and profitable operation of business. (d) With respect to Borrower's and the Guarantors' Oil and Gas Properties, and oil and gas gathering assets which are operated by operators other than Borrower or a Subsidiary, seek to enforce the operators' contractual obligations to maintain, develop, and operate such Properties properties subject to the applicable operating agreements. (e) If and when any of the well▇ ▇▇▇ated on the Oil and Gas Properties of the Borrower or its Subsidiaries ceases producing Hydrocarbons in paying quantities and is of no further use and the Borrower or any other Person is required to do so under any agreement or law or when doing so would be in conformity with generally accepted practices then prevalent in the Borrower's industry, the Borrower will plug and abandon, or cause to be plugged and abandoned, any and all such well▇ ▇▇ accordance in all material respects with industry practice and the local state and/or federal laws and regulations then in force and regulating the plugging of Hydrocarbon well▇.

Maintenance and Operation of Property. Except to the extent that the failure to comply could not reasonably be expected to have a Material Adverse Effect and consistent with the standards of a reasonably prudent operator under the same circumstances: (a) Maintain, develop, and operate Borrower's and the Guarantors' Oil and Gas Properties, and oil and gas gathering assets in a good and workmanlike manner, and observe and comply with all of the terms and provisions, express or implied, of all oil and gas leases relating to the Properties so long as the oil and gas leases are capable of producing Hydrocarbons in quantities and at prices providing for continued efficient and profitable operation of business; (b) Comply in all material respects with all contracts and agreements applicable to or relating to Borrower's and the Guarantors' Oil and Gas Properties or the production and sale of hydrocarbons and accompanying elements therefrom; (c) At all times, maintain, preserve, and keep all operating equipment used with respect to Borrower's and the Guarantors' Oil and Gas Properties, and oil and gas gathering assets in proper repair, working order and condition, and make all necessary or appropriate repairs, renewals, replacements, additions and improvements thereto so that the efficiency of the operating equipment shall at all times be properly preserved and maintained, provided that no item of operating equipment need be so repaired, renewed, replaced, added to or improved, if Borrower or its Subsidiaries shall in good faith determine that the action is not necessary or desirable for such Person's continued efficient and profitable operation of business. (d) With respect to Borrower's and the Guarantors' Oil and Gas Properties, and oil and gas gathering assets which are operated by operators other than Borrower or a Subsidiary, seek to enforce the operators' contractual obligations to maintain, develop, and operate such Properties subject to the applicable operating agreements. (e) If and when any of the well▇ ▇▇▇ated wells located on the Oil and Gas Properties of the Borrower or its o▇ ▇▇▇ Subsidiaries ceases producing Hydrocarbons in paying quantities and is of no further use and the Borrower or any other Person is required to do so under any agreement or law or when doing so would be in conformity with generally accepted practices then prevalent in the Borrower's industry, the Borrower will plug and abandon, or cause to be plugged and abandoned, any and all such well▇ ▇▇ wells in accordance in all material respects with industry practice and a▇▇ the local state and/or federal laws and regulations then in force and regulating the plugging of Hydrocarbon well▇wells.

Maintenance and Operation of Property. Except to the extent that the failure to comply could not reasonably be expected to have a Material Adverse Effect and consistent with the standards of a reasonably prudent operator under the same circumstances: (a) Maintain, develop, and operate Borrower's and the Guarantors' Oil and Gas Properties, and oil and gas gathering assets in a good and workmanlike manner, and observe and comply with all of the terms and provisions, express or implied, of all oil and gas leases relating to the Properties so long as the oil and gas leases are capable of producing Hydrocarbons in quantities and at prices providing for continued efficient and profitable operation of business; (b) Comply in all material respects with all contracts and agreements applicable to or relating to Borrower's and the Guarantors' Oil and Gas Properties or the production and sale of hydrocarbons and accompanying elements therefrom; (c) At all times, maintain, preserve, and keep all operating equipment used with respect to Borrower's and the Guarantors' Oil and Gas Properties, and oil and gas gathering assets in proper repair, working order and condition, and make all necessary or appropriate repairs, renewals, replacements, additions and improvements thereto so that the efficiency of the operating equipment shall at all times be properly preserved and maintained, provided that no item of operating equipment need be so repaired, renewed, replaced, added to or improved, if Borrower or its Subsidiaries shall in good faith determine that the action is not necessary or desirable for such Person's continued efficient and profitable operation of business. (d) With respect to Borrower's and the Guarantors' Oil and Gas Properties, and oil and gas gathering assets which are operated by operators other than Borrower or a Subsidiary, seek to enforce the operators' contractual obligations to maintain, develop, and operate such Properties subject to the applicable operating agreements. (e) If and when any of the well▇ ▇▇▇ated wells located on the Oil and Gas Properties of the Borrower or its Subsidiaries Su▇▇▇▇▇aries ceases producing Hydrocarbons in paying quantities and is of no further use and the Borrower or any other Person is required to do so under any agreement or law or when doing so would be in conformity with generally accepted practices then prevalent in the Borrower's industry, the Borrower will plug and abandon, or cause to be plugged and abandoned, any and all such well▇ ▇▇ wells in accordance in all material respects with industry practice and the a▇▇ ▇▇e local state and/or federal laws and regulations then in force and regulating the plugging of Hydrocarbon well▇wells.