Operation and Maintenance of Properties. The Borrower, at its own expense, will, and will cause each Loan Party to: (a) operate its Oil and Gas Properties and other material Properties or cause such Oil and Gas Properties and other material Properties to be operated in a careful and efficient manner in accordance with the practices of the industry and in compliance with all applicable contracts and agreements and in compliance with all Governmental Requirements, including, without limitation, applicable pro ration requirements and Environmental Laws, and all applicable laws, rules and regulations of every other Governmental Authority from time to time constituted to regulate the development and operation of its Oil and Gas Properties and the production and sale of Hydrocarbons and other minerals therefrom, except, in each case, where the failure to comply could not reasonably be expected to have a Material Adverse Effect; (b) except due to a Casualty Event, keep and maintain all Property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, and preserve, maintain and keep in good repair, working order and efficiency (ordinary wear and tear excepted) all of its material Oil and Gas Properties and other material Properties, including, without limitation, all material equipment, machinery and facilities; and (c) except where the failure to comply could not reasonably be expected to have a Material Adverse Effect, promptly perform or make reasonable and customary efforts to cause to be performed, in accordance with customary industry standards, the obligations required by each and all of the assignments, deeds, leases, sub-leases, contracts and agreements affecting its interests in its Oil and Gas Properties and other Properties. With respect to the Oil and Gas Properties referred to in this Section 8.05 that are operated by any Person other than the Borrower or any other Loan Party, the Borrower or such Loan Party, as applicable, shall use commercially reasonable efforts to cause the operator of such Oil and Gas Properties to comply with this Section 8.05 with respect to the Oil and Gas Properties operated by it.
Appears in 1 contract
Sources: Credit Agreement (Berry Corp (Bry))
Operation and Maintenance of Properties. The BorrowerExcept, in each case, where the failure to comply could not reasonably be expected to have a Material Adverse Effect, at its own expense, will, and will cause each Loan Party to:
(a) operate its Oil and Gas Properties and other material Properties properties, or cause such Oil and Gas Properties and other material Properties properties to be operated operated, in a careful and efficient manner in accordance with the practices of the industry and in compliance with all applicable contracts and agreements and in compliance with all Governmental RequirementsRequirement of Laws, including, without limitation, including applicable pro ration requirements and Environmental Laws, and all applicable laws, rules and regulations of every other Governmental Authority from time to time constituted to regulate the development and operation of its Oil and Gas Properties and the production and sale of Hydrocarbons and other minerals therefrom, except, in each case, where the failure to comply could not reasonably be expected to have a Material Adverse Effect;
(b) except due to a Casualty Event, keep and maintain all Property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, and excepted preserve, maintain and keep in good repair, working order and efficiency (ordinary wear and tear excepted) all of its material Oil and Gas Properties and other material Propertiesproperties, including, without limitation, including all material equipment, machinery and facilities; and;
(c) except where promptly pay and discharge, or make reasonable and customary efforts to cause to be paid and discharged, all delay rentals, royalties, expenses and indebtedness accruing under the failure leases or other agreements affecting or pertaining to comply could not reasonably be expected its Oil and Gas Properties and do all other things necessary to have a Material Adverse Effectkeep unimpaired their rights with respect thereto and prevent any forfeiture thereof or default thereunder;
(d) promptly perform, promptly perform or make reasonable and customary efforts to cause to be performed, in accordance with customary industry standards, the obligations required by each and all of the assignments, deeds, leases, sub-leases, contracts and agreements affecting its interests in its Oil and Gas Properties and other Properties. With respect to the material properties;
(e) operate its Oil and Gas Properties referred and other material properties, or cause or make reasonable and customary efforts to cause such Oil and Gas Properties and other material properties to be operated, in this Section 8.05 that are operated by any Person other than accordance with the practices of the industry and in material compliance with all applicable contracts and agreements and in compliance in all material respects with all Requirement of Laws; and
(f) to the extent the Borrower or any other Loan Partyof its Subsidiaries is not the operator of any property, the Borrower or such Loan Party, as applicable, shall use commercially reasonable efforts to cause the operator of such Oil and Gas Properties to comply with this Section 8.05 with respect to the Oil and Gas Properties operated by it6.13.
Appears in 1 contract
Operation and Maintenance of Properties. The To the extent permitted by the Bankruptcy Court and provided for in the Agreed Budget, the Borrower, at its own expense, will, and will cause each Loan Party Subsidiary to:
(a) operate its their Oil and Gas Properties and other material Properties or cause such Oil and Gas Properties and other material Properties to be operated in a careful and efficient manner in accordance with the practices of the industry and in compliance with all applicable contracts and agreements and in compliance with all Governmental Requirements, including, without limitation, applicable pro ration proration requirements and Environmental Laws, and all applicable laws, rules and regulations of every other Governmental Authority from time to time constituted to regulate the development and operation of its Oil and Gas Properties and the production and sale of Hydrocarbons and other minerals therefrom, except, in each case, as excused by the Bankruptcy Code, and where the failure to comply could not reasonably be expected to have a Material Adverse Effect;.
(b) except due to a Casualty Event, keep and maintain all Property material to the conduct of its their business in good working order and condition, condition (ordinary wear and tear excepted, ) and preserve, maintain and keep in good repair, working order and efficiency (ordinary wear and tear excepted) all of its material Oil and Gas Properties and other material Properties, including, without limitation, all material equipment, machinery and facilities; and.
(c) except where promptly pay and discharge, or make reasonable and customary efforts to cause to be paid and discharged, all delay rentals, royalties, expenses and indebtedness accruing under the failure leases or other agreements affecting or pertaining to comply could not reasonably be expected their Oil and Gas Properties and will do all other things necessary to have a Material Adverse Effect, keep unimpaired their rights with respect thereto and prevent any forfeiture thereof or default thereunder.
(d) promptly perform or make reasonable and customary efforts to cause to be performed, in accordance with customary industry standards, the obligations required by each and all of the assignments, deeds, leases, sub-leases, contracts and agreements affecting its interests in its their Oil and Gas Properties and other material Properties. With respect to the .
(e) operate their Oil and Gas Properties referred and other material Properties or cause or make reasonable and customary efforts to cause such Oil and Gas Properties and other material Properties to be operated in this Section 8.05 that are operated by any Person other than accordance with the practices of the industry and in material compliance with all applicable contracts and agreements and in compliance in all material respects with all Governmental Requirements.
(f) to the extent the Borrower or one of its Subsidiaries is not the operator of any other Loan PartyProperty, the Borrower or such Loan Party, as applicable, Subsidiary shall use commercially reasonable efforts efforts, consistent with past practices, to cause the operator of such Oil and Gas Properties to comply with this Section 8.05 with respect to the Oil and Gas Properties operated by it8.06.
Appears in 1 contract
Sources: Debtor in Possession Credit Agreement (Aurora Oil & Gas CORP)
Operation and Maintenance of Properties. The Borrower, at its own expense, will, and will cause each Loan Party Subsidiary to:
(a) operate its Oil and Gas Properties and other material Properties or cause such Oil and Gas Properties and other material Properties to be operated in a careful and efficient manner in accordance with the practices of the industry and in compliance with all applicable contracts and agreements and in compliance with all Governmental Requirements, including, without limitation, applicable pro ration requirements and Environmental Laws, and all applicable laws, rules and regulations of every other Governmental Authority from time to time constituted to regulate the development and operation of its Oil and Gas Properties and the production and sale of Hydrocarbons and other minerals therefromProperties, except, in each case, where the failure to comply could not reasonably be expected to have a Material Adverse Effect;.
(b) except due to a Casualty Event, keep and maintain all Property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, and preserve, maintain and keep in good repair, working order and efficiency (ordinary wear and tear excepted) all of its material Oil and Gas Properties and other material Properties, including, without limitation, all material vessels, rigs, equipment, machinery and facilities; and, except, in each case, where the failure to do so could not reasonably be expected to have a Material Adverse Effect.
(c) except promptly pay and discharge, or make reasonable and customary efforts to cause to be paid and discharged, all rentals, royalties, expenses and indebtedness accruing under the leases or other agreements affecting or pertaining to its Properties and will do all other things necessary to keep unimpaired their rights with respect thereto and prevent any forfeiture thereof or default thereunder except, in each case, where the failure to comply could not reasonably be expected to have a Material Adverse Effect, .
(d) promptly perform or make reasonable and customary efforts to cause to be performed, in accordance with customary industry standards, the obligations required by each and all of the assignments, deeds, leases, sub-leases, contracts and agreements affecting its interests in its Oil and Gas Properties and other Properties. With respect except, in each case, where the failure to comply could not reasonably be expected to have a Material Adverse Effect.
(e) to the Oil and Gas Properties referred to in this Section 8.05 that are operated by any Person other than extent the Borrower or is not the operator of any other Loan Partyof its Property, the Borrower or such Loan Party, as applicable, shall use commercially reasonable efforts to cause the operator of such Oil and Gas Properties to comply with this Section 8.05 with respect to the Oil and Gas Properties operated by it8.06.
Appears in 1 contract
Operation and Maintenance of Properties. The Borrower, at its own expense, will, and will cause each other Loan Party to:
(a) operate its Oil and Gas Properties and other material Properties or cause such Oil and Gas Properties and other material Properties to be operated in a careful and efficient manner in accordance with the practices of the industry and in compliance with all applicable contracts and agreements and in compliance with all applicable Governmental Requirements, including, without limitation, including applicable pro ration requirements and Environmental Laws, and all applicable laws, rules and regulations of every other Governmental Authority from time to time constituted to regulate the development and operation of its Oil and Gas Properties and the production and sale of Hydrocarbons and other minerals therefrom, except, in each case, where the failure to comply could not reasonably be expected to have a Material Adverse Effect;
(b) except due to a Casualty Event, keep and maintain all Property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, and preserve, maintain and keep in good repair, working order and efficiency (ordinary wear and tear excepted) all of its material Oil and Gas Properties and other Properties material Propertiesto the conduct of its business, including, without limitation, including all material equipment, machinery and facilities;
(c) promptly pay and discharge, or use commercially reasonable efforts to cause to be paid and discharged, all material delay rentals, royalties, expenses and indebtedness accruing under the leases or other agreements affecting or pertaining to its Oil and Gas Properties and will do all other things necessary, in accordance with industry standards, to keep unimpaired their rights with respect thereto and prevent any forfeiture thereof or default thereunder; and
(cd) except where the failure to comply could not reasonably be expected to have a Material Adverse Effect, promptly perform or make use commercially reasonable and customary efforts to cause to be performed, in accordance with customary industry standards, the obligations required by each and all of the assignments, deeds, leases, sub-leases, contracts and agreements affecting its interests in its Oil and Gas Properties and other material Properties. With respect to the Oil and Gas Properties referred to in this Section 8.05 that are operated by any Person other than the Borrower or any other Loan Party, the Borrower or such Loan Party, as applicable, shall use commercially reasonable efforts to cause the operator of such Oil and Gas Properties to comply with this Section 8.05 with respect to the Oil and Gas Properties operated by it.
Appears in 1 contract
Operation and Maintenance of Properties. The BorrowerSubject to any necessary order or authorization of the Bankruptcy Court, at its own expense, each Debtor will, and will cause each Loan Party to:
(a) operate its Oil and Gas Properties and other material Properties properties or cause such Oil and Gas Properties and other material Properties properties to be operated in a careful and efficient manner in accordance with the practices of the industry and in compliance with all applicable contracts and agreements and in compliance with all Governmental Requirements, including, without limitation, including applicable pro ration requirements and applicable Environmental Laws, and all applicable laws, rules and regulations of every other Governmental Authority from time to time constituted to regulate the development and operation of its Oil and Gas Properties and the production and sale of Hydrocarbons and other minerals therefrom, except, in each case, where the failure to comply could not reasonably be expected to have a Material Adverse Effect;
(b) except due to a Casualty Event, keep and maintain all Property property material to the conduct of its business in good working order and condition, condition (ordinary wear and tear excepted, and ); preserve, maintain and keep in good repair, repair and working order and efficiency (ordinary wear and tear and obsolescence excepted) all of its material Oil and Gas Properties and other material Propertiesproperties, including, without limitation, including all material equipment, machinery and facilities; and
(c) except , except, in each case, where the failure to comply could not reasonably be expected to have a Material Adverse Effect;
(c) promptly pay and discharge, or make reasonable and customary efforts to cause to be paid and discharged, all delay rentals, royalties, expenses and indebtedness accruing under the leases or other agreements affecting or pertaining to its Oil and Gas Properties and will do all other things necessary to keep materially unimpaired its rights with respect thereto and prevent any forfeiture thereof or default thereunder, except, in each case, where the failure to comply could not reasonably be expected to have a Material Adverse Effect;
(d) promptly perform perform, or make reasonable and customary efforts to cause to be performed, in accordance with customary industry standards, the obligations required by each and all of the assignments, deeds, leases, sub-leases, contracts and agreements affecting its interests in its Oil and Gas Properties and other Properties. With respect material properties, except, in each case, where the failure to the comply could not reasonably be expected to have a Material Adverse Effect; and
(e) operate its Oil and Gas Properties referred and other material properties or cause or make reasonable and customary efforts to cause such Oil and Gas Properties and other material properties to be operated in this Section 8.05 accordance with the practices of the industry and in material compliance with all applicable contracts and agreements and in compliance in all material respects with all Governmental Requirements; and to the extent that are operated by a Debtor is not the operator of any Person other than the Borrower or any other Loan Partyproperty, the Borrower or such Loan Party, as applicable, Debtors shall use commercially reasonable efforts to cause the operator of such Oil and Gas Properties to comply with this Section 8.05 with respect to the Oil and Gas Properties operated by it6.06.
Appears in 1 contract
Sources: Senior Secured Super Priority Debtor in Possession Credit Agreement
Operation and Maintenance of Properties. The Borrower, at its own expense, will, and will cause each Loan Party to:
: (a) operate its Oil and Gas Properties and other material Properties or cause such Oil and Gas Properties and other material Properties to be operated in a careful and efficient manner in accordance with the practices of the industry and in compliance with all applicable contracts and agreements and in compliance with all Governmental Requirements, including, without limitation, applicable pro ration requirements and Environmental Laws, and all applicable laws, rules and regulations of every other Governmental Authority from time to time constituted to regulate the development and operation of its Oil and Gas Properties and the production and sale of Hydrocarbons and other minerals therefrom, except, in each case, where the failure to comply could not reasonably be expected to have a Material Adverse Effect;
; (b) except due to a Casualty Event, keep and maintain all Property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, and preserve, maintain and keep in good repair, working order and efficiency (ordinary wear and tear excepted) all of its material Oil and Gas Properties and other material Properties, including, without limitation, all material equipment, machinery and facilities; and
and (c) except where the failure to comply could not reasonably be expected to have a Material Adverse Effect, promptly perform or make reasonable and customary efforts to cause to be performed, in accordance with customary industry standards, the obligations required by each and all of the assignments, deeds, leases, sub-leases, contracts and agreements affecting its interests in its Oil and Gas Properties and other Properties. With respect to the Oil and Gas Properties referred to in this Section 8.05 that are operated by any Person other than the Borrower or any other Loan Party, the Borrower or such Loan Party, as applicable, shall use commercially reasonable efforts to cause the operator of such Oil and Gas Properties to comply with this Section 8.05 with respect to the Oil and Gas Properties operated by it.
Appears in 1 contract
Sources: Credit Agreement (Berry Corp (Bry))
Operation and Maintenance of Properties. The BorrowerEach Loan Party, at its own expense, will, and will cause each Loan Party to:
(a) operate its Oil and Gas Properties and other material Properties or cause such Oil and Gas Properties and other material Properties Properties, in all material respects, to be operated in a careful and efficient manner in accordance with the practices of the industry and in material compliance with all applicable contracts and agreements and in material compliance with all Governmental RequirementsRequirements of all applicable Governmental Authorities, including, without limitation, applicable pro ration requirements and Environmental Laws, and all applicable laws, rules and regulations Governmental Requirements of every other Governmental Authority from time to time constituted to regulate the development and operation of its Oil and Gas Properties and the production and sale of Hydrocarbons and other minerals therefrom, except, in each case, where the failure to comply could not reasonably be expected to have a Material Adverse Effect;
(b) except due to a Casualty Event, keep and maintain all Property material to the conduct of its business in good working order and condition, condition in all material respects (ordinary wear and tear and (during a reasonable period of repair) casualty, excepted, ) and preserve, maintain and keep in good repair, working order and efficiency (ordinary wear and tear and (during a reasonable period of repair) casualty, excepted) all of its material Oil and Gas Properties and other material Properties, including, without limitation, all material equipment, machinery and facilities; and
(c) except where the failure to comply could not reasonably be expected to have a Material Adverse Effectpromptly pay and discharge, promptly perform or make reasonable and customary efforts to cause to be performedpaid and discharged, in accordance with customary industry standardsall material delay rentals, royalties, expenses and indebtedness accruing under the obligations required by each and all of the assignments, deeds, leases, sub-leases, contracts and leases or other agreements affecting its interests in or pertaining to its Oil and Gas Properties and other Properties. With respect to the Oil and Gas Properties referred to in this Section 8.05 that are operated by any Person (other than the Borrower or any such payments which are being contested in good faith) and will do all other Loan Party, the Borrower or such Loan Party, as applicable, shall use commercially reasonable efforts things necessary to cause the operator of such Oil and Gas Properties to comply with this Section 8.05 keep unimpaired their material rights with respect to the Oil thereto and Gas Properties operated by itprevent any forfeiture thereof or material default thereunder.
Appears in 1 contract
Sources: Term Loan Credit Agreement (Viking Energy Group, Inc.)
Operation and Maintenance of Properties. The Borrower, at its own expense, will, and will cause each other Loan Party to:
(a) operate its Oil and Gas Properties and other material Properties or use commercially reasonable efforts to cause such Oil and Gas Properties and other material Properties to be operated in a careful and efficient manner in accordance with the practices of the industry and in compliance with all applicable contracts and agreements and in compliance with all applicable Governmental Requirements, including, without limitation, including applicable pro ration requirements and Environmental Laws, and all applicable laws, rules and regulations of every other Governmental Authority from time to time constituted to regulate the development and operation of its Oil and Gas Properties and the production and sale of Hydrocarbons and other minerals therefrom, except, in each case, where the failure to comply could not reasonably be expected to have a Material Adverse Effect;.
(b) except due to a Casualty Event, keep and maintain all Property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, and preserve, maintain and keep in good repair, working order and efficiency (ordinary wear and tear excepted) all of its material Oil and Gas Properties and other Properties material Propertiesto the conduct of its business, including, without limitation, including all material equipment, machinery and facilities; and.
(c) except where promptly pay and discharge, or use commercially reasonable efforts to cause to be paid and discharged, all material delay rentals, royalties, expenses and indebtedness accruing under the failure leases or other agreements affecting or pertaining to comply could not reasonably be expected its Oil and Gas Properties and will do all other things necessary, in accordance with industry standards, to have a Material Adverse Effect, keep unimpaired their rights with respect thereto and prevent any forfeiture thereof or default thereunder.
(d) promptly perform or make use commercially reasonable and customary efforts to cause to be performed, in accordance with customary industry standards, the obligations required by each and all of the assignments, deeds, leases, sub-leases, contracts and agreements affecting its interests in its Oil and Gas Properties and other material Properties. With respect to the Oil and Gas Properties referred to in this Section 8.05 that are operated by any Person other than the Borrower or any other Loan Party, the Borrower or such Loan Party, as applicable, shall use commercially reasonable efforts to cause the operator of such Oil and Gas Properties to comply with this Section 8.05 with respect to the Oil and Gas Properties operated by it.
Appears in 1 contract
Sources: Credit Agreement (Us Energy Corp)
Operation and Maintenance of Properties. The Borrower, at its own expense, will, and will cause each other Loan Party to:
(a) operate its Oil and Gas Properties and other material Properties or cause such Oil and Gas Properties and other material Properties to be operated in a careful and efficient manner in accordance with the practices of the industry and in compliance with all applicable contracts and agreements and in compliance with all applicable Governmental Requirements, including, without limitation, including applicable pro ration requirements and Environmental Laws, and all applicable laws, rules and regulations of every other Governmental Authority from time to time constituted to regulate the development and operation of its Oil and Gas Properties and the production and sale of Hydrocarbons and other minerals therefrom, except, in each case, where the failure to comply could not reasonably be expected to have a Material Adverse Effect;
(b) except due to a Casualty Event, keep and maintain all Property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, and preserve, maintain and keep in good repair, working order and efficiency (ordinary wear and tear excepted) all of its material Oil and Gas Properties and other Properties material Propertiesto the conduct of its business, including, without limitation, including all material equipment, machinery and facilities; and;
(c) except where promptly pay and discharge, or use commercially reasonable efforts to cause to be paid and discharged, all material delay rentals, royalties, expenses and indebtedness accruing under the failure leases or other agreements affecting or pertaining to comply could not reasonably be expected its Oil and Gas Properties and will do all other things necessary, in accordance with industry standards, to have a Material Adverse Effect, keep unimpaired their rights with respect thereto and prevent any forfeiture thereof or default thereunder;
(d) promptly perform or make use commercially reasonable and customary efforts to cause to be performed, in accordance with customary industry standards, the obligations required by each and all of the assignments, deeds, leases, sub-leases, contracts and agreements affecting its interests in its Oil and Gas Properties and other material Properties. With respect to the ; and
(e) operate its Oil and Gas Properties referred to in this Section 8.05 that are operated by any Person and other than the Borrower material Properties or any other Loan Party, the Borrower or such Loan Party, as applicable, shall use commercially reasonable efforts to cause the operator of such Oil and Gas Properties and other material Properties to comply be operated in accordance with this Section 8.05 the practices of the industry and in material compliance with respect to the Oil all applicable contracts and Gas Properties operated by itagreements and in compliance in all material respects with all Governmental Requirements.
Appears in 1 contract
Sources: Credit Agreement (Primeenergy Corp)
Operation and Maintenance of Properties. The Borrower, at its own expense, Borrower will, and will cause each Loan Party of its Restricted Subsidiaries to:
(a) operate its Oil and Gas Properties and other material Properties or cause such Oil and Gas Properties and other material Properties to be operated in a careful and efficient manner in accordance with the practices of the industry and in compliance with all applicable contracts and agreements and in compliance with all Governmental Requirements, including, without limitation, applicable pro ration proration requirements and Environmental Laws, and all applicable laws, rules and regulations of every other Governmental Authority from time to time constituted to regulate the development and operation of its Oil and Gas Properties and the production and sale of Hydrocarbons and other minerals therefrom, except, in each case, where the failure to comply could not reasonably be expected to have a Material Adverse Effect;.
(b) except due to the extent disposed of pursuant to a Casualty Eventtransaction permitted by this Agreement, keep and maintain all Property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted.
(c) promptly pay and discharge, or make reasonable and preservecustomary efforts to cause to be paid and discharged, maintain all delay rentals, royalties, expenses and keep in good repair, working order and efficiency (ordinary wear and tear excepted) all of indebtedness accruing under the leases or other agreements affecting or pertaining to its material Oil and Gas Properties and will do all other material Propertiesthings necessary to keep unimpaired their rights with respect thereto and prevent any forfeiture thereof or default thereunder except, includingin each case, without limitation, all material equipment, machinery and facilities; and
(c) except where the failure to comply do so, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect, promptly perform or make reasonable and customary efforts to cause to be performed, in accordance with customary industry standards, the obligations required by each and all of the assignments, deeds, leases, sub-leases, contracts and agreements affecting its interests in its Oil and Gas Properties and other Properties. With respect to the Oil and Gas Properties referred to in this Section 8.05 that are operated by any Person other than the Borrower or any other Loan Party, the Borrower or such Loan Party, as applicable, shall use commercially reasonable efforts to cause the operator of such Oil and Gas Properties to comply with this Section 8.05 with respect to the Oil and Gas Properties operated by it.
Appears in 1 contract
Sources: Credit Agreement (Linn Energy, LLC)
Operation and Maintenance of Properties. The Parent and the Borrower, each at its own expense, will, and will cause each other Loan Party to:
(a) operate its Oil and Gas Properties and other material Properties or cause such Oil and Gas Properties and other material Properties to be operated in a careful and efficient manner in accordance with the practices of the industry and in compliance with all applicable contracts and agreements and in compliance with all applicable Governmental Requirements, including, without limitation, including applicable pro ration requirements and Environmental Laws, and all applicable laws, rules and regulations of every other Governmental Authority from time to time constituted to regulate the development and operation of its Oil and Gas Properties and the production and sale of Hydrocarbons and other minerals therefrom, except, in each case, where the failure to comply could not reasonably be expected to have a Material Adverse Effect;.
(b) except due to a Casualty Event, keep and maintain all Property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, and preserve, maintain and keep in good repair, working order and efficiency (ordinary wear and tear excepted) all of its material Oil and Gas Properties and other Properties material Propertiesto the conduct of its business, including, without limitation, including all material equipment, machinery and facilities; and.
(c) except where promptly pay and discharge, or use commercially reasonable efforts to cause to be paid and discharged, all material delay rentals, royalties, expenses and indebtedness accruing under the failure leases or other agreements affecting or pertaining to comply could not reasonably be expected its Oil and Gas Properties and will do all other things necessary, in accordance with industry standards, to have a Material Adverse Effect, keep unimpaired their rights with respect thereto and prevent any forfeiture thereof or default thereunder.
(d) promptly perform or make use commercially reasonable and customary efforts to cause to be performed, in accordance with customary industry standards, the obligations required by each and all of the assignments, deeds, leases, sub-leases, contracts and agreements affecting its interests in its Oil and Gas Properties and other material Properties. With respect to the .
(e) operate its Oil and Gas Properties referred to in this Section 8.05 that are operated by any Person and other than the Borrower material Properties or any other Loan Party, the Borrower or such Loan Party, as applicable, shall use commercially reasonable efforts to cause the operator of such Oil and Gas Properties and other material Properties to comply be operated in accordance with this Section 8.05 the practices of the industry and in material compliance with respect to the Oil all applicable contracts and Gas Properties operated by itagreements and in compliance in all material respects with all Governmental Requirements.
Appears in 1 contract