Common use of Compliance with Laws, Rules, Regulations and Orders Clause in Contracts

Compliance with Laws, Rules, Regulations and Orders. To the best of the knowledge and belief of the Borrower and each Guarantor, neither the business nor any of the activities of the Borrower or any Guarantor, as presently conducted, violates any law or any rule, regulation or directive of any applicable judicial, administrative or other governmental instrumentality (including, but not by way of limitation, any law or any rule, regulation or directive of any judicial, administrative or other governmental instrumentality relating to zoning, to any Environmental Law, to the stabilization of wages or prices or to the development, production, transportation or purchase or sale of oil, gas or other hydrocarbons) the result of which violation would have a material adverse effect on the Borrower and its Subsidiaries (taken as a whole), and the Borrower and each Guarantor each possess all licenses, approvals, registrations, permits and other authorizations necessary to enable it to carry on its business in all material respects as now conducted, and all such licenses, approvals, registrations, permits and other authorizations are in full force and effect; and neither the Borrower nor any Guarantor, has reason to believe that the Borrower or any Guarantor will be unable to obtain the renewal of any such licenses, approvals, registrations, permits and other authorizations.

Compliance with Laws, Rules, Regulations and Orders. To the best of the knowledge and belief of the Borrower and each Guarantor, neither the business nor any of the activities of the Borrower or any Guarantor, as presently conducted, violates any law or any rule, regulation or directive of any applicable judicial, administrative or other governmental instrumentality (including, but not by way of limitation, any law or any rule, regulation or directive of any judicial, administrative or other governmental instrumentality relating to zoning, to any Environmental Law, to the stabilization of wages or prices or to the development, production, transportation or purchase or sale of oil, gas or other hydrocarbons) the result of which violation would have a material adverse effect on the Borrower and its or Guarantor, or their respective Subsidiaries (taken as a whole), and the Borrower and each Guarantor each possess all licenses, approvals, registrations, permits and other authorizations necessary to enable it to carry on its business in all material respects as now conducted, and all such licenses, approvals, registrations, permits and other authorizations are in full force and effect; and neither the Borrower nor any Guarantor, Guarantor has reason to believe that the Borrower or any Guarantor will be unable to obtain the renewal of any such licenses, approvals, registrations, permits and other authorizations.

Compliance with Laws, Rules, Regulations and Orders. To the best of the knowledge and belief of the Borrower and each GuarantorBorrower, neither the business nor any of the activities of the Borrower or any Guarantor, as presently conducted, violates any law or any rule, regulation or directive of any applicable judicial, administrative or other governmental instrumentality (including, but not by way of limitation, any law or any rule, regulation or directive of any judicial, administrative or other governmental instrumentality relating to zoning, to any Environmental Law, to the stabilization of wages or prices or to the development, production, transportation or purchase or sale of oil, gas or other hydrocarbons) the result of which violation would have a material adverse effect on the Borrower and its or Guarantor, or their respective Subsidiaries (taken as a whole), and the Borrower and each Guarantor each possess all licenses, approvals, registrations, permits and other authorizations necessary to enable it to carry on its business in all material respects as now conducted, and all such licenses, approvals, registrations, permits and other authorizations are in full force and effect; and neither the Borrower nor any Guarantor, has no reason to believe that the either Borrower or any Guarantor will be unable to obtain the renewal of any such licenses, approvals, registrations, permits and other authorizations.

Compliance with Laws, Rules, Regulations and Orders. To Except to the best extent that the failure to comply would not materially interfere with the conduct of the knowledge and belief of the Borrower and each Guarantor, neither the business nor any of the activities of the Borrower or any Guarantor, as presently conducted, violates any law or any rule, regulation or directive of any applicable judicial, administrative or other governmental instrumentality (including, but not by way of limitation, any law or any rule, regulation or directive of any judicial, administrative or other governmental instrumentality relating to zoning, to any Environmental Law, to the stabilization of wages or prices or to the development, production, transportation or purchase or sale of oil, gas or other hydrocarbons) the result of which violation would have a material adverse effect on the Borrower and its Subsidiaries (taken as a whole), and the Borrower and each Guarantor has complied with all applicable Laws with respect to: (1) the conduct of its business; and (2) the use, maintenance, and operation of the Borrowing Base Oil and Gas Properties and personal properties owned or leased by it in the conduct of its business; except as expressly set forth on Exhibit "A" hereto, Borrower and each possess Guarantor possesses all licenses, approvals, registrations, permits and other authorizations necessary to enable it to carry on its business in all material respects as now conducted, and all such licenses, approvals, registrations, permits and other authorizations are in full force and effect; and neither the Borrower nor any Guarantor, has no reason to believe that the Borrower or any Guarantor will be unable to obtain the renewal of any such licenses, approvals, registrations, permits and other authorizations.