Common use of Operation and Maintenance of Properties Clause in Contracts

Operation and Maintenance of Properties. 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 Subsidiary to: (a) operate 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 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) keep and maintain all Property material to the conduct of their 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 equipment, machinery and facilities. (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 their Oil and Gas Properties and will do all other things necessary to 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 industry standards, the obligations required by each and all of the assignments, deeds, leases, sub-leases, contracts and agreements affecting its interests in their Oil and Gas Properties and other material Properties. (e) operate their Oil and Gas Properties 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 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 Property, the Borrower or such Subsidiary shall use reasonable efforts, consistent with past practices, to cause the operator to comply with this Section 8.06.

Operation and Maintenance of Properties. To the extent permitted by the Bankruptcy Court and provided Except for ------------------------------------------- matters that could not reasonably be expected to result in the Agreed Budgeta Material Adverse Effect, the Borrower, at its own expense, will, and will cause each Material Subsidiary to: (a) operate their 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 proration 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, as excused by the Bankruptcy Code, and where the failure to comply could not reasonably be expected to have a Material Adverse Effect. (b) keep and maintain all Property material to the conduct of their its business in good working order and condition (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 Properties, including, without limitation, all equipment, machinery and facilities. (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 their its Oil and Gas Properties and will do all other things necessary to 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 industry standards, the obligations required by each and all of the assignments, deeds, leases, sub-leases, contracts and agreements affecting its interests in their its Oil and Gas Properties and other material Properties. (e) operate their its Oil and Gas Properties 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 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 a Material Subsidiary is not the operator of any Property, the Borrower or such Subsidiary shall use reasonable efforts, consistent with past practices, efforts to cause the operator to comply with this Section 8.06.

Operation and Maintenance of Properties. To the extent permitted by the Bankruptcy Court and provided for in the Agreed Budget, the The Borrower, at its own expense, will, and will cause each Subsidiary other Loan Party to: (a) operate their 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 proration 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, as excused by the Bankruptcy Code, and where the failure to comply could not reasonably be expected to have a Material Adverse Effect. (b) keep and maintain all Property material to the conduct of their 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 equipment, machinery and facilities. (c) promptly pay and discharge, or make use commercially reasonable and customary 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 their its Oil and Gas Properties and will do all other things necessary necessary, in accordance with industry standards, to 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 industry standards, the obligations required by each and all of the assignments, deeds, leases, sub-leases, contracts and agreements affecting its interests in their its Oil and Gas Properties and other material Properties. (e) operate their Oil and Gas Properties 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 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 Property, the Borrower or such Subsidiary shall use reasonable efforts, consistent with past practices, to cause the operator to comply with this Section 8.06.

Operation and Maintenance of Properties. To Except, in each case, where the extent permitted by the Bankruptcy Court and provided for in the Agreed Budget, the Borrowerfailure to comply could not reasonably be expected to have a Material Adverse Effect, at its own expense, will, and will cause each Subsidiary to: (a) operate their 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 proration 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, as excused by the Bankruptcy Code, and where the failure to comply could not reasonably be expected to have a Material Adverse Effect.; (b) keep and maintain all Property material to the conduct of their its business in good working order and condition (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 equipment, machinery and facilities.; (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 their its Oil and Gas Properties and will do all other things necessary to keep unimpaired their rights with respect thereto and prevent any forfeiture thereof or default thereunder.; (d) promptly perform perform, or make reasonable and customary efforts to cause to be performed, in accordance with industry standards, the obligations required by each and all of the assignments, deeds, leases, sub-leases, contracts and agreements affecting its interests in their its Oil and Gas Properties and other material Properties.properties; (e) operate their its Oil and Gas Properties and other material Properties properties, or cause or make reasonable and customary efforts to cause such Oil and Gas Properties and other material Properties properties to be operated operated, in 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.Requirement of Laws; and (f) to the extent the Borrower or one any of its Subsidiaries is not the operator of any Propertyproperty, the Borrower or such Subsidiary shall use reasonable efforts, consistent with past practices, efforts to cause the operator to comply with this Section 8.066.13.

Operation and Maintenance of Properties. To the extent permitted by the Bankruptcy Court Parent and provided for in the Agreed Budget, the Borrower, each at its own expense, will, and will cause each Subsidiary other Loan Party to: (a) operate their 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 proration 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, as excused by the Bankruptcy Code, and where the failure to comply could not reasonably be expected to have a Material Adverse Effect. (b) keep and maintain all Property material to the conduct of their 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 equipment, machinery and facilities. (c) promptly pay and discharge, or make use commercially reasonable and customary 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 their its Oil and Gas Properties and will do all other things necessary necessary, in accordance with industry standards, to 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 industry standards, the obligations required by each and all of the assignments, deeds, leases, sub-leases, contracts and agreements affecting its interests in their its Oil and Gas Properties and other material Properties. (e) operate their its Oil and Gas Properties and other material Properties or cause or make use commercially reasonable and customary efforts to cause such Oil and Gas Properties and other material Properties to be operated in 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 Property, the Borrower or such Subsidiary shall use reasonable efforts, consistent with past practices, to cause the operator to comply with this Section 8.06.

Operation and Maintenance of Properties. To Except, in each case, where the extent permitted by the Bankruptcy Court failure to comply could not reasonably be expected to have a Material Adverse Effect, Parent and provided for in the Agreed Budget, the each Borrower, at its own expense, will, and will cause each Subsidiary other Credit Party to:: CHAPARRAL ENERGY, L.L.C. CREDIT AGREEMENT (a) operate their 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 proration 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, as excused by the Bankruptcy Code, and where the failure to comply could not reasonably be expected to have a Material Adverse Effect. (b) keep and maintain all Property material to the conduct of their its 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 producing Oil and Gas Properties and other material Properties, including, without limitation, all equipment, machinery and facilities. (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 their its proved Oil and Gas Properties and will do all other things necessary to 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 industry standards, the obligations required by each and all of the assignments, deeds, leases, sub-leases, contracts and agreements affecting its interests in their its proved Oil and Gas Properties and other material Properties. (e) operate their its Oil and Gas Properties 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 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 a Credit Party is not the operator of any Property, the Borrower or Credit Parties shall not be obligated to directly perform any undertakings contemplated by the covenants and agreements contained in this Section 8.06 which are performable only by such Subsidiary operators and are beyond the control of the Credit Parties, but shall be obligated to seek to enforce such operators’ contractual obligations to maintain, develop and operate the Properties subject to such operating agreements, and Parent and the Borrowers shall, and shall cause the other Credit Parties to, use reasonable efforts, consistent with past practices, efforts to cause the operator to comply with this Section 8.06.