Common use of Compliance with Leases and Other Instruments Clause in Contracts

Compliance with Leases and Other Instruments. The Borrowers will pay or cause to be paid and discharged or establish adequate reserves to secure the payment of all rentals, delay rentals, royalties, production payment, and indebtedness required to be paid by any Borrower (or required to keep unimpaired in all material respects the rights of any Borrower in any of the Oil and Gas Properties) accruing under, and perform or cause to be performed in all material respects each and every act, matter, or thing required of any Borrower by each and all of the assignments, deeds, leases, subleases, contracts, and agreements in any way relating to any Borrower or any of the Oil and Gas Properties and do all other things necessary of any Borrower to keep unimpaired in all material respects the rights of Borrowers thereunder and to prevent the forfeiture thereof or default thereunder; provided, however, that nothing in this Agreement shall be deemed to require the Borrowers to perpetuate or renew any oil and gas lease or other lease by payment of rental or delay rental or by commencement or continuation of operations nor to prevent the Borrowers from abandoning or releasing any oil and gas lease or other lease or well thereon when, in any of such events, in the opinion of the Borrowers exercised in good faith, it is not in the best interest of the Borrowers to perpetuate the same.

Compliance with Leases and Other Instruments. The Borrowers Borrower will pay or cause to be paid and discharged or establish adequate reserves to secure the payment of all rentals, delay rentals, royalties, production payment, and indebtedness required to be paid by any Borrower (or required to keep unimpaired in all material respects the rights of any Borrower in any of the Oil and Gas Properties) ), accruing under, and perform or cause to be performed in all material respects each and every act, matter, or thing required of any Borrower by each and all of the assignments, deeds, leases, subleases, contracts, and agreements in any way relating to any Borrower or any of the Oil and Gas Properties and do all other things necessary of any Borrower to keep unimpaired in all material respects the rights of Borrowers Borrower thereunder and to prevent the forfeiture thereof or default thereunder; provided, however, that nothing in this Agreement shall be deemed to require the Borrowers Borrower to perpetuate or renew any oil and gas lease or other lease by payment of rental or delay rental or by commencement or continuation of operations nor to prevent the Borrowers Borrower from abandoning or releasing any oil and gas lease or other lease or well thereon when, in any of such events, in the 4823-2057-1839.3 opinion of the Borrowers Borrower exercised in good faith, it is not in the best interest of the Borrowers Borrower to perpetuate the same.

Compliance with Leases and Other Instruments. The Borrowers will pay or cause to be paid and discharged or establish adequate reserves to secure the payment of all rentals, delay rentals, royalties, production payment, and indebtedness required to be paid by any Borrower Borrowers (or required to keep unimpaired in all material respects the rights of any Borrower Borrowers in any of the Oil and Gas Properties) accruing under, and perform or cause to be performed in all material respects each and every act, matter, or thing required of any Borrower Borrowers by each and all of the assignments, deeds, leases, subleases, contracts, and agreements in any way relating to any Borrower Borrowers or any of the Oil and Gas Properties and do all other things necessary of any Borrower Borrowers to keep unimpaired in all material respects the rights of Borrowers thereunder and to prevent the forfeiture thereof or default thereunder; provided, however, that nothing in this Agreement shall be deemed to require the Borrowers to perpetuate or renew any oil and gas lease or other lease by payment of rental or delay rental or by commencement or continuation of operations nor to prevent the Borrowers from abandoning or releasing any oil and gas lease or other lease or well thereon when, in any of such events, in the opinion of the Borrowers exercised in good faith, it is not in the best interest of the Borrowers to perpetuate the same.

Compliance with Leases and Other Instruments. The Borrowers Borrower will pay or cause to be paid and discharged or establish adequate reserves to secure the payment of all rentals, delay rentals, royalties, production payment, and indebtedness required to be paid by any Borrower (or required to keep unimpaired in all material respects the rights of any Borrower in any of the Oil and Gas Properties) accruing under, and perform or cause to be performed in all material respects each and every act, matter, or thing required of any Borrower by each and all of the assignments, deeds, leases, subleases, contracts, and agreements in any way relating to any Borrower or any of the Oil and Gas Properties and do all other things necessary of any Borrower to keep unimpaired in all material respects the rights of Borrowers Borrower thereunder and to prevent the forfeiture thereof or default thereunder; provided, however, that nothing in this Agreement shall be deemed to require the Borrowers Borrower to perpetuate or renew any oil and gas lease or other lease by payment of rental or delay rental or by commencement or continuation of operations nor to prevent the Borrowers Borrower from abandoning or releasing any oil and gas lease or other lease or well thereon when, in any of such events, in the opinion of the Borrowers Borrower exercised in good faith, it is not in the best interest of the Borrowers Borrower to perpetuate the same, except when the failure to do so would not cause a Material Adverse Effect.

Compliance with Leases and Other Instruments. The Borrowers Borrower and Guarantor will pay or cause to be paid and discharged or establish adequate reserves to secure the payment of discharge all rentals, delay rentals, royalties, production payment, payments and indebtedness required to be paid by any the Borrower or Guarantor (or required to keep unimpaired in all material respects the rights of any Borrower or Guarantor in any of the Oil and Gas Properties) accruing under, and perform or cause to be performed in all material respects each and every act, matter, or thing required of any the Borrower or Guarantor by each and all of the assignments, deeds, leases, subleases, contracts, and agreements in any way relating to any the Borrower or Guarantor or any of the Oil and Gas Properties and do all other things necessary of any the Borrower or Guarantor to keep unimpaired in all material respects the rights of Borrowers the Borrower or Guarantor thereunder and to prevent the forfeiture thereof or default thereunder; provided, however, that nothing in this Agreement shall be deemed to require the Borrowers Borrower or Guarantor to perpetuate or renew any oil and gas lease or other lease by payment of rental or delay rental or by commencement or continuation of operations nor to prevent the Borrowers Borrower or Guarantor from abandoning or releasing any oil and gas lease or other lease or well thereon when, in any of such events, in the opinion of the Borrowers Borrower or Guarantor exercised in good faith, it is not in the best interest of the Borrowers Borrower or Guarantor to perpetuate the same.

Compliance with Leases and Other Instruments. The Borrowers Borrower will pay or cause to be paid and discharged or establish adequate reserves to secure the payment of all rentals, delay rentals, royalties, production payment, and indebtedness required to be paid by any Borrower (or required to keep unimpaired in all material respects the rights of any Borrower in any of the Oil and Gas Properties) ), accruing under, and perform or cause to be performed in all material respects each and every act, matter, or thing required of any Borrower by each and all of the assignments, deeds, leases, subleases, contracts, and agreements in any way relating to any Borrower or any of the Oil and Gas Properties and do all other things necessary of any Borrower to keep unimpaired in all material respects the rights of Borrowers Borrower thereunder and to prevent the forfeiture thereof or default thereunder; provided, however, that nothing in this Agreement shall be deemed to require the Borrowers Borrower to perpetuate or renew any oil and gas lease or other lease by payment of rental or delay rental or by commencement or continuation of operations nor to prevent the Borrowers Borrower from abandoning or releasing any oil and gas lease or other lease or well thereon when, in any of such events, in the opinion of the Borrowers Borrower exercised in good faith, it is not in the best interest of the Borrowers Borrower to perpetuate the same.

Compliance with Leases and Other Instruments. The Borrowers Borrower will, and will cause each Subsidiary to, pay or cause to be paid and discharged or establish adequate reserves to secure the payment of discharge all rentals, delay rentals, royalties, production payment, and indebtedness required to be paid by Borrower or any Borrower Subsidiary (or required to keep unimpaired in all material respects the rights of Borrower or any Borrower Subsidiary in any of the Oil and Gas Properties) accruing under, and perform or cause to be performed in all material respects each and every act, matter, or thing required of Borrower or any Borrower Subsidiary by each and all of the assignments, deeds, leases, subleases, contracts, and agreements in any way relating to Borrower or any Borrower Subsidiary or any of the Oil and Gas Properties and do all other things necessary of Borrower or any Borrower Subsidiary to keep unimpaired in all material respects the rights of Borrowers Borrower or any Subsidiary thereunder and to prevent the forfeiture thereof or default thereunder; provided, however, that nothing in this Agreement shall be deemed to require the Borrowers Borrower or any Subsidiary to perpetuate or renew any oil and gas lease or other lease by payment of rental or delay rental or by commencement or continuation of operations nor to prevent the Borrowers Borrower or any Subsidiary from abandoning or releasing any oil and gas lease or other lease or well thereon when, in any of such events, in the opinion of the Borrowers Borrower or any Subsidiary exercised in good faith, it is not in the best interest of the Borrowers Borrower or such Subsidiary to perpetuate the same.