Additional Drilling Obligations. Except as set forth at Schedule 6.14, to Seller’s Knowledge, Seller has no obligation to drill additional xxxxx or conduct other material development operations, which such obligations arise solely under third-party agreements (and not under the terms of the Leases) in order to earn or continue to hold during the primary term of any Lease any portion of the Assets.
Additional Drilling Obligations. Except as set forth in Section 3.29 of the Disclosure Schedule: (a) the Company has no obligation, including obligations implied in law, to drill additional xxxxx or conduct other material development operations in order to earn or continue to hold during the primary term of any lease any portion of the Company’s Oil and Gas Interests, and (b) the Company has not been advised by a lessor under any lease affecting any of the Company’s Oil and Gas Interests of any requirements or demands to drill additional xxxxx or conduct additional development operations.
Additional Drilling Obligations. Except as disclosed in Section 3.25 of the Company Disclosure Schedule, there are no current obligations or assessments of the Company or any Material Subsidiary (other than implied obligations under oil and gas leases concerning protection from drainage and further development that are customary in the oil and gas industry and any such obligations, the failure to comply with which would not have a Material Adverse Effect on the Company) that require the drilling of additional xxxxx or other material development operations (including re-entry of existing xxxxx) in order to earn or to continue to hold all or any portion of the Oil and Gas Interests of the Company and the Material Subsidiaries, and, to the knowledge of the Company, neither the Company nor any Material Subsidiary has ever been advised by any lessor of any requirements or demands to drill additional xxxxx on any of the Oil and Gas Interests (whether pursuant to any implied covenant to protect from drainage, further development, or otherwise), which requirements or demands have not been resolved.
Additional Drilling Obligations. Except as set forth in Section 3.2(cc) of the Company Disclosure Schedule, (i) neither the Company nor any of its Subsidiaries has any obligation to drill additional xxxxx or conduct other material development operations in order to earn or continue to hold during the primary term of any lease any portion of the Company’s Oil and Gas Interests, and (ii) neither the Company nor any of its Subsidiaries has been advised by a lessor under any lease affecting the Company’s Oil and Gas Interests of any requirements or demands to drill additional xxxxx or conduct additional development operations.
Additional Drilling Obligations. (a) The Company has no obligation, including obligations implied in law, to drill additional xxxxx or conduct other material development operations in order to earn or continue to hold during the primary term of any lease any portion of the Company’s Oil and Gas Interests, and (b) the Company has not been advised by a lessor under any lease affecting the Company’s Oil and Gas Interests of any requirements or demands to drill additional xxxxx or conduct additional development operations.
Additional Drilling Obligations. Except for such acts or failures to act as individually or in the aggregate have not had, and would not be reasonably likely to have or result in, a Company Material Adverse Effect and other than in the ordinary course of business, to the knowledge of the Company, the Company and its Subsidiaries have no obligation to drill additional xxxxx, conduct other material development operations, or fund or finance any such drilling or other development operations in order to earn or continue to hold any portion of the Company Oil and Gas Properties other than as required by the terms of the Company Oil and Gas Contracts, and the Company and its Subsidiaries have not been advised in writing by a lessor under any lease affecting any of the Company Oil and Gas Properties of any requirements or demands to drill additional xxxxx or conduct additional development operations.
Additional Drilling Obligations. Except as disclosed on Schedule 3.31, except for the 1995 Antrim Program and except for implied covenants under Leases, as to which no violation has heretofore been asserted, no Terra Agreements applicable to the Proved Developed Interests contain provisions to the effect that the drilling of additional wellx xx other material development operations is a condition to earning, maintaining or continuing to hold all or any portion of such Interests, and no Terra Agreements applicable to Proved Developed Interests, the Proved Undeveloped Interests or the Unproved Interests contain provisions that unconditionally require the drilling of additional wellx xx other material development operations.
Additional Drilling Obligations. Except as set forth at Schedule 3(a)(xix), Seller has no obligation to drill additional xxxxx or conduct other material development operations in order to earn or continue to hold during the primary term of any lease any portion of Seller’s Oil and Gas Properties, and (2) Seller has not been advised by a lessor under any lease affecting Seller’s Oil and Gas Properties of any requirements or demands to drill additional xxxxx or conduct additional development operations.
Additional Drilling Obligations. Except as set forth in Schedule 3.26, (a) neither the Company nor the Subsidiary has any explicit contractual obligation, including obligations under the terms of any Lease, to drill additional wells or conduct other material development operations in oxxxx to earn or continue to hold during the primary term of any Lease, any portion of the Oil and Gas Interests, and (b) neither the Company nor the Subsidiary has obtained knowledge of any requirements or demands by a lessor under any Lease affecting any of the Oil and Gas Interests to drill additional wells or conduct additional development operations. Except xx xxt forth in Schedule 3.26, there are no material operations on the Oil and Gas Interests with respect to which the Company, the Subsidiary, or any other Person has become a non-consenting party.
Additional Drilling Obligations. To ARI’s Knowledge, except as set forth on Schedule 7.27, there are no current obligations or assessments of ARI or any of its Subsidiaries (other than implied obligations under leases to which ARI is a party concerning protection from drainage and further development that is customary in the oil and gas industry) that require the drilling of additional Wxxxx or other material development operations (including re-entry of existing Wxxxx) in order to earn or to continue to hold all or any portion of the Oil and Gas Properties, where the obligation or assessment would, individually or in the aggregate, reasonably be expected to have an ARI Material Adverse Effect.
