Common use of Pipelines and Pipeline Assets Clause in Contracts

Pipelines and Pipeline Assets. All Pipelines and Pipeline Assets have been constructed and operated in conformity in all material respects with all applicable laws, rules, regulations and orders of all regulatory authorities having jurisdiction and, except as expressly disclosed in writing to Lender, are subject to no material penalties on account of past operations.

Appears in 2 contracts

Sources: Oil & Gas Term Loan Agreement (American Real Estate Partners L P), Accounts Receivable Management and Security Agreement (Transtexas Gas Corp)

Pipelines and Pipeline Assets. All Pipelines and Pipeline Assets have been constructed and operated in conformity in all material respects with all applicable laws, rules, regulations and orders of all regulatory authorities having jurisdiction and, except as expressly disclosed in writing to LenderMortgagee, are subject to no material penalties on account of past operations.

Appears in 1 contract

Sources: Mortgage, Deed of Trust, Assignment of Production, Security Agreement and Financing Statement (Transtexas Gas Corp)

Pipelines and Pipeline Assets. All Pipelines and Pipeline Assets have been constructed and operated in conformity in all material respects with all applicable laws, rules, regulations and orders of all regulatory authorities having jurisdiction and, except as expressly disclosed in writing to Lender, are subject to no material penalties on account of past operations.. 110

Appears in 1 contract

Sources: Oil & Gas Revolving Credit and Term Loan Agreement (Transtexas Gas Corp)