Common use of Certain Additional Assurances Regarding Maintenance and Operations of Properties Clause in Contracts

Certain Additional Assurances Regarding Maintenance and Operations of Properties. With respect to those Oil and Gas Properties which are being operated by operators other than the Borrowers, the Borrowers shall not be obligated to perform any undertakings contemplated by the covenants and agreement contained in Subsections 12(o) or 12(p) hereof which are performable only by such operators and are beyond the control of the Borrowers; however, the Borrowers agree to promptly take all reasonable actions available under any operating agreements or otherwise to bring about the performance of any such material undertakings required to be performed thereunder.

Appears in 5 contracts

Samples: Credit Agreement (Continental Resources Inc), And Consolidated Credit Agreement (Canaan Energy Corp), Credit Agreement (3tec Energy Corp)

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Certain Additional Assurances Regarding Maintenance and Operations of Properties. With respect to those Oil and Gas Properties which are being operated by operators other than the BorrowersBorrower or any Guarantor, neither the Borrowers Borrower nor any Guarantor shall not be obligated to perform any undertakings contemplated by the covenants and agreement contained in Subsections 12(o12(n) or 12(p12(o) hereof which are performable only by such operators and are beyond the control of the BorrowersBorrower or any Guarantor; however, the Borrowers agree Borrower and each Guarantor agrees to promptly take all reasonable actions available under any operating agreements or otherwise to bring about the performance of any such material undertakings required to be performed thereunder.

Appears in 3 contracts

Samples: Credit Agreement (Exco Resources Inc), Credit Agreement (Exco Resources Inc), Credit Agreement (Exco Resources Inc)

Certain Additional Assurances Regarding Maintenance and Operations of Properties. With respect to those Oil and Gas Properties which are being operated by operators other than the BorrowersBorrower or its Subsidiaries, the Borrowers Borrower or its Subsidiaries shall not be obligated to perform any undertakings contemplated by the covenants and agreement contained in Subsections 12(o) or 12(p) hereof which are performable only by such operators and are beyond the control of the BorrowersBorrower or its Subsidiaries; however, the Borrowers agree Borrower agrees to promptly take take, and cause each Subsidiary to take, all reasonable actions available under any operating agreements or otherwise to bring about the performance of any such material undertakings required to be performed thereunder.

Appears in 3 contracts

Samples: Credit Agreement (Range Resources Corp), Credit Agreement (Range Resources Corp), Credit Agreement (Range Resources Corp)

Certain Additional Assurances Regarding Maintenance and Operations of Properties. With respect to those Oil and Gas Properties which are being operated by operators other than the BorrowersBorrower, the Borrowers Borrower shall not be obligated to perform any undertakings contemplated by the covenants and agreement contained in Subsections 12(o) Sections 4.18 or 12(p) 4.19 hereof which are performable only by such operators and are beyond the control of the BorrowersBorrower; however, the Borrowers agree Borrower agrees to promptly take all reasonable actions available under any operating agreements or otherwise to bring about the performance of any such material undertakings required to be performed thereunder.

Appears in 2 contracts

Samples: Credit Agreement (PHX Minerals Inc.), Credit Agreement (Panhandle Oil & Gas Inc)

Certain Additional Assurances Regarding Maintenance and Operations of Properties. With respect to those Oil and Gas Properties which are being operated by operators other than the Borrowers, the Borrowers shall not be obligated to perform any undertakings contemplated by the covenants and agreement contained in Subsections 12(o12(n) or 12(p12(o) hereof which are performable only by such operators and are beyond the control of the Borrowers; however, the Borrowers agree to promptly take all reasonable actions available under any operating agreements or otherwise to bring about the performance of any such material undertakings required to be performed thereunder.

Appears in 2 contracts

Samples: Credit Agreement (Parallel Petroleum Corp), Credit Agreement (Parallel Petroleum Corp)

Certain Additional Assurances Regarding Maintenance and Operations of Properties. With respect to those Oil and Gas Properties which are being operated by operators other than the Borrowers, the Borrowers shall not be obligated to perform any undertakings contemplated by the covenants and agreement contained in Subsections 12(o) or 12(p) 12.15 and/or this 12.16 hereof which are performable only by such operators and are beyond the control of the Borrowers; however, the Borrowers agree to promptly take all reasonable actions available under any operating agreements or otherwise to bring about the performance of any such material undertakings required to be performed thereunder.

Appears in 2 contracts

Samples: Credit Agreement (Continental Resources Inc), Credit Agreement (Continental Resources Inc)

Certain Additional Assurances Regarding Maintenance and Operations of Properties. With respect to those Oil and Gas Real Properties which are being operated by operators other than the BorrowersBorrower, the Borrowers Borrower shall not be obligated to perform any undertakings contemplated by the covenants and agreement agreements contained in Subsections 12(o15(g), 15(k) or 12(p15(1) hereof which are performable only by such operators and are beyond the control of the BorrowersBorrower; provided, however, the Borrowers agree Borrower agrees to promptly take all commercially reasonable actions available under any operating agreements or otherwise to bring about the performance of any such material undertakings required to be performed thereunder.

Appears in 1 contract

Samples: Loan Agreement (Ascent Energy Inc)

Certain Additional Assurances Regarding Maintenance and Operations of Properties. With respect to those Oil and Gas Properties which are being operated by operators other than the Borrowers, the Borrowers shall not be obligated to perform any undertakings contemplated by the covenants and agreement contained in Subsections 12(o10(n) or 12(p10(o) hereof which are performable only by such operators and are beyond the control of the Borrowers; however, the Borrowers agree to promptly take all reasonable actions available under any operating agreements or otherwise to bring about the performance of any such material undertakings required to be performed thereunder.

Appears in 1 contract

Samples: Loan Agreement (Panhandle Royalty Co)

Certain Additional Assurances Regarding Maintenance and Operations of Properties. With respect to those Oil and Gas Properties which are being operated by operators other than the BorrowersBorrower, the Borrowers Borrower shall not be obligated to perform any undertakings contemplated by the covenants and agreement contained in Subsections 12(o12(n) or 12(p12(o) hereof which are performable only by such operators and are beyond the control of the BorrowersBorrower; however, the Borrowers agree Borrower agrees to promptly take all reasonable actions available under any operating agreements or otherwise to bring about the performance of any such material undertakings required to be performed thereunder.. (r)

Appears in 1 contract

Samples: Credit Agreement (Parallel Petroleum Corp /De/)

Certain Additional Assurances Regarding Maintenance and Operations of Properties. With respect to those Oil and Gas Properties which are being operated by operators other than the BorrowersBorrower, the Borrowers Borrower shall not be obligated to perform any undertakings contemplated by the covenants and agreement contained in Subsections 12(o) or 12(p) hereof which are performable only by such operators and are beyond the control of the BorrowersBorrower; however, the Borrowers agree Borrower agrees to promptly take all reasonable actions available under any operating agreements or otherwise to bring about the performance of any such material undertakings required to be performed thereunderundertakings.

Appears in 1 contract

Samples: Credit Agreement (Southwest Royalties Holdings Inc)

Certain Additional Assurances Regarding Maintenance and Operations of Properties. With respect to those Oil and Gas Properties which are being operated by operators other than Borrower, Borrower, Guarantors and the Borrowers, the Borrowers Partnerships shall not be obligated to perform any undertakings contemplated by the covenants and agreement contained in Subsections 12(o) or 12(p) hereof which are performable only by such operators and are beyond the control of Borrower, Guarantors and the BorrowersPartnerships; however, the Borrowers Borrower, Guarantors and each Partnership agree to promptly take all reasonable actions available under any operating agreements or otherwise to bring about the performance of any such material undertakings required to be performed thereunder.

Appears in 1 contract

Samples: Senior Secured Loan Agreement (Southwest Royalties Holdings Inc)

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Certain Additional Assurances Regarding Maintenance and Operations of Properties. With respect to those Oil and Gas Properties which are being operated by operators other than the BorrowersBorrower, the Borrowers Borrower shall not be obligated to perform any undertakings contemplated by the covenants and agreement contained in Subsections 12(o10(n) or 12(p10(o) hereof which are performable only by such operators and are beyond the control of the BorrowersBorrower; however, the Borrowers agree Borrower agrees to promptly take all reasonable actions available under any operating agreements or otherwise to bring about the performance of any such material undertakings required to be performed thereunder.

Appears in 1 contract

Samples: Credit Agreement (Panhandle Oil & Gas Inc)

Certain Additional Assurances Regarding Maintenance and Operations of Properties. With respect to those Oil and Gas Properties which are being operated by operators other than the Borrowersa Borrower or a Guarantor, the neither Borrowers nor any Guarantor shall not be obligated to perform any undertakings contemplated by the covenants and agreement contained in Subsections Sections 12(o) or 12(p) hereof which are performable only by such operators and are beyond the control of the Borrowerssuch Borrower or such Guarantor; however, the Borrowers agree each Borrower agrees to promptly take take, or cause to be taken, all reasonable actions available under any operating agreements or otherwise to bring about the performance of any such material undertakings required to be performed thereunder.

Appears in 1 contract

Samples: Credit Agreement (Range Resources Corp)

Certain Additional Assurances Regarding Maintenance and Operations of Properties. With respect to those Oil and Gas Properties which are being operated by operators other than the BorrowersBorrower, the Borrowers Borrower shall not be obligated to perform any undertakings contemplated by the covenants and agreement contained in Subsections 12(o) or 12(p) hereof which are performable only by such operators and are beyond the control of the BorrowersBorrower; however, the Borrowers agree Borrower agrees to promptly take all reasonable actions available under any operating agreements or otherwise to bring about the performance of any such material undertakings required to be performed thereunder.

Appears in 1 contract

Samples: Loan Agreement (Gothic Energy Corp)

Certain Additional Assurances Regarding Maintenance and Operations of Properties. With respect to those Oil and Gas Properties which are being operated by operators other than the BorrowersBorrower or Guarantor, the Borrowers Borrower and Guarantor shall not be obligated to perform any undertakings contemplated by the covenants and agreement contained in Subsections 12(o) or 12(p) hereof which are performable only by such operators and are beyond the control of the BorrowersBorrower or Guarantor; however, the Borrowers Borrower and Guarantor agree to promptly take all reasonable actions available under any operating agreements or otherwise to bring about the performance of any such material undertakings required to be performed thereunder.

Appears in 1 contract

Samples: Loan Agreement (Mallon Resources Corp)

Certain Additional Assurances Regarding Maintenance and Operations of Properties. With respect to those Oil and Gas Properties which are being operated by operators other than the BorrowersBorrower or a Subsidiary, the Borrowers Borrower and each Subsidiary shall not be obligated to perform any undertakings contemplated by the covenants and agreement contained in Subsections 12(o12(n) or 12(p12(o) hereof which are performable only by such operators and are beyond the control of the BorrowersBorrower or a Subsidiary; however, the Borrowers agree Borrower agrees to promptly take take, and cause each Subsidiary to promptly take, all reasonable actions available under any operating agreements or otherwise to bring about the performance of any such material undertakings required to be performed thereunder.

Appears in 1 contract

Samples: Credit Agreement (Parallel Petroleum Corp)

Certain Additional Assurances Regarding Maintenance and Operations of Properties. With respect to those Oil and Gas Properties which are being operated by operators other than the Borrowers, the Borrowers shall not be obligated to perform any undertakings contemplated by the covenants and agreement contained in Subsections 12(oSections 10(m) or 12(p10(n) hereof above which are performable only by such operators and are beyond the control of the Borrowers; however, the Borrowers agree to promptly take all reasonable actions available under any operating agreements or otherwise to bring about the performance of any such material undertakings required to be performed thereunder.

Appears in 1 contract

Samples: Credit Agreement (Delta Petroleum Corp/Co)

Certain Additional Assurances Regarding Maintenance and Operations of Properties. With respect to those Oil and Gas Properties which are being operated by operators other than the BorrowersBorrower, the Borrowers Borrower shall not be obligated to perform any undertakings contemplated by the covenants and agreement contained in Subsections 12(o11(o) or 12(p11(p) hereof which are performable only by such operators and are beyond the control of the BorrowersBorrower; however, the Borrowers agree Borrower agrees to promptly take all reasonable actions available under any operating agreements or otherwise to bring about the performance of any such material undertakings required to be performed thereunder.

Appears in 1 contract

Samples: Loan Agreement (Maynard Oil Co)

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