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

Compliance with Leases and Other Instruments. The Borrower will, -------------------------------------------- and will cause each Subsidiary to, pay or cause to be paid and discharge all rentals, delay rentals, royalties, production payment, and indebtedness required to be paid by Borrower (or required to keep unimpaired in all material respects the rights of Borrower or such Subsidiary in 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 such Subsidiary by each and all of the assignments, deeds, leases, subleases, contracts, and agreements in any way relating to Borrower or such Subsidiary or any of the Oil and Gas Properties and do all other things necessary of Borrower or such Subsidiary to keep unimpaired in all material respects the rights of Borrower or such Subsidiary thereunder and to prevent the forfeiture thereof or default thereunder; provided, however, that nothing in this Agreement shall be deemed to require 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 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 Borrower or such Subsidiary exercised in good faith, it is not in the best interest of the Borrower or such Subsidiary to perpetuate the same.

Compliance with Leases and Other Instruments. The Borrower will, -------------------------------------------- and will cause each Subsidiary to, pay or cause to be paid and discharge all rentals, delay rentals, royalties, production payment, and indebtedness required to be paid by Borrower or any Subsidiary (or required to keep unimpaired in all material respects the rights of Borrower or such any Subsidiary in 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 such any Subsidiary by each and all of the assignments, deeds, leases, subleases, contracts, and agreements in any way relating to Borrower or such Borrower, any Subsidiary or any of the Oil and Gas Properties and do all other things necessary of Borrower or such Subsidiary to keep unimpaired in all material respects the rights of Borrower or such and each Subsidiary thereunder and to prevent the forfeiture thereof or default thereunder; provided, however, that nothing in this Agreement shall be deemed to require 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 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 Borrower or such Subsidiary exercised in good faith, it is not in the best interest of the Borrower or such Subsidiary to perpetuate the same.

Compliance with Leases and Other Instruments. The Borrower will, -------------------------------------------- and will cause each Subsidiary to, pay or cause to be paid and discharge all rentals, delay rentals, royalties, production payment, and indebtedness required to be paid by Borrower or any Subsidiary (or required to keep unimpaired in all material respects the rights of Borrower or such any Subsidiary in 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 such any Subsidiary by each and all of the assignments, deeds, leases, subleases, contracts, and agreements in any way relating to Borrower or such any Subsidiary or any of the Oil and Gas Properties and do all other things necessary of Borrower or such any Subsidiary to keep unimpaired in all material respects the rights of Borrower or such any Subsidiary thereunder and to prevent the forfeiture thereof or default thereunder; provided, however, that nothing in this Agreement shall be deemed to require 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 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 Borrower or such any Subsidiary exercised in good faith, it is not in the best interest of the Borrower or such Subsidiary to perpetuate the same.. 38 44

Compliance with Leases and Other Instruments. The Borrower will, -------------------------------------------- and will cause each Subsidiary to, pay or cause to be paid and discharge all rentals, delay rentals, royalties, production payment, and indebtedness required to be paid by Borrower or any Subsidiary (or required to keep unimpaired in all material respects the rights of Borrower or such any Subsidiary in 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 such any Subsidiary by each and all of the assignments, deeds, leases, subleases, contracts, and agreements in any way relating to Borrower or such any Subsidiary or any of the Oil and Gas Properties and do all other things necessary of Borrower or such any Subsidiary to keep unimpaired in all material respects the rights of Borrower or such any Subsidiary thereunder and to prevent the forfeiture thereof or default thereunder; provided, however, that nothing in this Agreement shall be deemed to require 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 Borrower or any Subsidiary from 44 abandoning or releasing any oil and gas lease or other lease or well thereon when, in any of such events, in the opinion of Borrower or such any Subsidiary exercised in good faith, it is not in the best interest of the Borrower or such Subsidiary to perpetuate the same.

Compliance with Leases and Other Instruments. The Borrower will, -------------------------------------------- and Guarantors will (and SWR will cause each Subsidiary Partnership to, ) pay or cause to be paid and discharge all rentals, delay rentals, royalties, production payment, payments and indebtedness required to be paid by Borrower the Borrower, Guarantors or any Partnership (or required to keep unimpaired in all material respects the rights of Borrower or Borrower, the Guarantors and such Subsidiary Partnership in 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 the Borrower, Guarantors or such Subsidiary any Partnership by each and all of the assignments, deeds, leases, subleases, contracts, and agreements in any way relating to Borrower the Borrower, Guarantors or such Subsidiary any Partnership or any of the Oil and Gas Properties and do all other things necessary of Borrower the Borrower, Guarantors or such Subsidiary any Partnership to keep unimpaired in all material respects the rights of Borrower or such Subsidiary the Borrower, Guarantors and each Partnership thereunder and to prevent the forfeiture thereof or default thereunder; provided, however, that nothing in this Agreement shall be deemed to require Borrower or any Subsidiary the Borrower, Guarantors and each Partnership 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 Borrower the Borrower, Guarantors or any Subsidiary Partnership 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 Borrower Borrower, Guarantors or such Subsidiary any Partnership exercised in good faith, it is not in the best interest of the Borrower Borrower, Guarantors or such Subsidiary any Partnership to perpetuate the samesame .