Development and Maintenance. Each Company will explore, develop and maintain (or cause to be explored, developed and maintained) the Leases, xxxxx, units and acreage to which the Mineral Interests pertain in a prudent manner, and as may be reasonably necessary for the prudent and economical operation of (and in an effort to maximize the production capacity of and ultimate recovery of hydrocarbons from) such Leases, xxxxx, units and acreage.
Appears in 3 contracts
Samples: Second Lien Term Loan Agreement (Goodrich Petroleum Corp), Credit Agreement (Goodrich Petroleum Corp), Credit Agreement (Goodrich Petroleum Corp)
Development and Maintenance. Each Company will explore, develop and maintain (or cause to be explored, developed and maintained) the Leases, xxxxxwxxxx, units and acreage to which the Mineral Interests pertain in a prudent manner, and as may be reasonably necessary for the prudent and economical operation of (and in an effort to maximize the production capacity of and ultimate recovery of hydrocarbons from) such Leases, xxxxxwxxxx, units and acreage.
Appears in 2 contracts
Samples: Credit Agreement (Goodrich Petroleum Corp), Second Lien Term Loan Agreement (Goodrich Petroleum Corp)
