Compliance by Operator. As to any part of the Mortgaged Properties which is not a working interest, Mortgagor agrees to take all such action and to exercise all rights and remedies as are available to Mortgagor to cause the owner or owners of the working interest in such properties to comply with the covenants and agreements contained herein; and as to any part of the Mortgaged Properties which is a working interest but which is operated by a party other than Mortgagor, Mortgagor agrees to take all such action and to exercise all rights and remedies as are available to Mortgagor (including, but not limited to, all rights under any operating agreement) to cause the party who is the operator of such property to comply with the covenants and agreements contained herein.
Appears in 4 contracts
Samples: Mortgage, Assignment, Security Agreement, Fixture Filing and Financing Statement (United States Exploration Inc), Mortgage, Assignment, Security Agreement, Fixture Filing and Financing Statement (Cheniere Energy Inc), Mortgage, Assignment, Security Agreement, Fixture Filing and Financing Statement (United States Exploration Inc)
Compliance by Operator. As to any part of the Mortgaged Properties which is not a working interest, Mortgagor agrees to take all such reasonable action and to exercise all rights and remedies as are reasonably available to Mortgagor to cause the owner or owners of the working interest in such properties to comply with the covenants and agreements contained herein; and as to any part of the Mortgaged Properties which is a working interest but which is operated by a party other than Mortgagor, Mortgagor agrees to take all such reasonable action and to exercise all rights and remedies as are reasonably available to Mortgagor (including, but not limited to, including all rights under any operating agreement) to cause the party who is the operator of such property to comply with the covenants and agreements contained herein.
Appears in 3 contracts
Samples: Mortgage (Hyperdynamics Corp), Deed of Trust, Assignment, Security Agreement, Fixture Filing and Financing Statement (Pacific Energy Resources LTD), Deed of Trust, Assignment, Security Agreement, Fixture Filing and Financing Statement (Pacific Energy Resources LTD)
Compliance by Operator. As to any part of the Mortgaged Properties which is not a working interest, Mortgagor Mxxxxxxxx agrees to take all such action and to exercise all rights and remedies as are reasonably available to Mortgagor to cause the owner or owners of the working interest in such properties to comply with the covenants and agreements contained herein; and as to any part of the Mortgaged Properties which is a working interest but which is operated by a party other than Mortgagor, Mortgagor agrees to take all such action and to exercise all rights and remedies as are reasonably available to Mortgagor (including, but not limited to, all rights under any operating agreement) to cause the party who is the operator of such property to comply with the covenants and agreements contained herein.
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