Common use of Condition of Property; Casualties Clause in Contracts

Condition of Property; Casualties. The material Properties used or to be used in the continuing operations of Loan Parties, are in good working order and condition, normal wear and tear excepted. Neither the business nor the Oil and Gas Properties or material Properties of the Loan Parties has been affected as a result of any fire, explosion, earthquake, flood, drought, windstorm, accident, strike or other labor disturbance, embargo, requisition or taking of such Property or cancellation of contracts, permits or concessions by a Governmental Authority, riot, activities of armed forces or acts of God or of any public enemy. The Loan Parties own no real property (other than Oil and Gas Properties) which either (x) is material to the operations of the Loan Parties or (y) has a fair market value in excess of $5,000,000, except as (a) is set forth on Schedule 4.16. (b) is disclosed on a schedule to the Borrowing Base Certificate delivered pursuant to Section 5.2(c)(vi), or (c) has been acquired since the delivery of the previous Borrowing Base Certificate.

Condition of Property; Casualties. The material Properties used or to be used in the continuing operations of the Loan Parties, are in good working order and condition, normal wear and tear excepted. Neither the business nor the Oil and Gas Properties or material Properties of the Loan Parties has been affected as a result of any fire, explosion, earthquake, flood, drought, windstorm, accident, strike or other labor disturbance, embargo, requisition or taking of such Property or cancellation of contracts, permits or concessions by a Governmental Authority, riot, activities of armed forces or acts of God or of any public enemy. The Loan Parties own no real property (other than Oil and Gas Properties) which either (x) is material to the operations of the Loan Parties or (y) has a fair market value in excess of $5,000,00010,000,000, except as (a) is set forth on Schedule 4.16. , (b) is disclosed on a schedule to the Borrowing Base Certificate delivered pursuant to Section 5.2(c)(vi5.2(c)(iv), or (c) has been acquired since the delivery of the previous Borrowing Base Certificate.

Condition of Property; Casualties. The material Properties used or to be used in the continuing operations of Loan Parties, are in good working order and condition, normal wear and tear excepted. Neither the business nor the Oil and Gas Properties or material Properties of the Loan Parties has been affected as a result of any fire, explosion, earthquake, flood, drought, windstorm, accident, strike or other labor disturbance, embargo, requisition or taking of such Property or cancellation of contracts, permits or concessions by a Governmental Authority, riot, activities of armed forces or acts of God or of any public enemy. The Loan Parties own no real property (other than Oil and Gas Properties) which either (x) is material to the operations of the Loan Parties or (y) has a fair market value in excess of $5,000,00010,000,000, except as (a) is set forth on Schedule 4.16. , (b) is disclosed on a schedule to the Borrowing Base Certificate delivered pursuant to Section 5.2(c)(vi5.2(c)(v), or (c) has been acquired since the delivery of the previous Borrowing Base Certificate.

Condition of Property; Casualties. The material Properties used or to be used in the continuing operations of Loan Credit Parties, are in good working order and condition, normal wear and tear excepted. Neither the business nor the Oil and Gas Properties or material Properties of the Loan Credit Parties has been affected as a result of any fire, explosion, earthquake, flood, drought, windstorm, accident, strike or other labor disturbance, embargo, requisition or taking of such Property or cancellation of contracts, permits or concessions by a Governmental Authority, riot, activities of armed forces or acts of God or of any public enemy. The Loan Credit Parties own no real property (other than Oil and Gas Properties) which either (x) is material to the operations of the Loan Credit Parties or (y) has a fair market value in excess of $5,000,0002,000,000, except as (a) is set forth on Schedule 4.16. (b) is disclosed on a schedule to the Borrowing Base Certificate delivered pursuant to Section 5.2(c)(vi), or (c) has been acquired since the delivery of the previous Borrowing Base Certificate.

Condition of Property; Casualties. The material Properties used or to be used in the continuing operations of Loan Credit Parties, are in good working order and condition, normal wear and tear excepted. Neither the business nor the Oil and Gas Properties or material Properties of the Loan Credit Parties has been affected as a result of any fire, explosion, earthquake, flood, drought, windstorm, accident, strike or other labor disturbance, embargo, requisition or taking of such Property or cancellation of contracts, permits or concessions by a Governmental Authority, riot, activities of armed forces or acts of God or of any public enemy. The Loan Credit Parties own no real property (other than Oil and Gas Properties) which either (x) is material to the operations of the Loan Credit Parties or (y) has a fair market value in excess of $5,000,0002,000,000, except as (a) is set forth on Schedule 4.16. , (b) is disclosed on a schedule to the Borrowing Base Certificate delivered pursuant to Section 5.2(c)(vi)) of the First Lien Credit Agreement, or (c) has been acquired since the delivery of the previous Borrowing Base CertificateCertificate delivered pursuant to the First Lien Credit Agreement.

Condition of Property; Casualties. The material Properties used or to be used in the continuing operations of Loan Credit Parties, are in good working order and condition, normal wear and tear excepted. Neither the business nor the Oil and Gas Properties or material Properties of the Loan Credit Parties has been affected as a result of any fire, explosion, earthquake, flood, drought, windstorm, accident, strike or other labor disturbance, embargo, requisition or taking of such Property or cancellation of contracts, permits or concessions by a Governmental Authority, riot, activities of armed forces or acts of God or of any public enemy. The Loan Credit Parties own no real property (other than Oil and Gas Properties) which either (x) is material to the operations of the Loan Credit Parties or (y) has a fair market value in excess of $5,000,0002,000,000, except as (a) is set forth on Schedule 4.16. (b) is disclosed on a schedule to the Borrowing Base Compliance Certificate delivered pursuant to Section 5.2(c)(vi5.2(e), or (c) has been acquired since the delivery of the previous Borrowing Base Compliance Certificate.