Common use of Equipment and Improvements Clause in Contracts

Equipment and Improvements. The equipment and improvements located on the Leases (or lands pooled therewith), Owned Property and Leased Property are in compliance with all applicable laws and orders, and are in reasonable and serviceable condition and repair, normal wear and tear excepted, except for any such non-compliance which would not reasonably be expected to have a Material Adverse Effect. Neither the Owned Property or the Leased Property nor the use or occupancy thereof by Atlas America or any member of the Atlas Energy Group violates in any way any applicable laws, orders, permits, covenants, conditions and restrictions, whether federal, state, local or, to Atlas America’s knowledge, private, except for any such violation which would not reasonably be expected to have a Material Adverse Effect.

Appears in 7 contracts

Samples: Contribution and Assumption Agreement, Contribution, Conveyance and Assumption Agreement (Atlas America Inc), Contribution, Conveyance and Assumption Agreement (Atlas Energy Resources, LLC)

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