Lease Maintenance. The Primary Leases have been properly maintained in force and effect to the present time and all production proceeds payable under any of the Primary Leases have been timely and properly paid.
Lease Maintenance. During the Interim Period and after Closing, Sellers shall provide notice to Buyer immediately upon its decision, but no fewer than thirty (30) days prior to Lease termination, not to take any measures to maintain a Lease which is in jeopardy of terminating. Upon receipt of such notice, Buyer shall have the option and right to take any measures necessary to perpetuate the Lease, including conducting operations as to those Retained Shallow Rights retained herein (related to that Lease) and owned by Sellers. If Seller elects not to maintain the Lease and Buyer pursuant to this Section 7.03 successfully maintains the Lease, Sellers agree to assign to Buyer all of its right, title and interest in and to those Retained Shallow Rights related to that specific Lease owned by Sellers.
Lease Maintenance. Borealis shall make all payments due under the Lease while this Agreement is in effect. All such payments shall qualify as Expenditures. Borealis shall comply with all the provisions of the Lease with respect to the conduct of operations on the Properties; provided, however, that in the event of any conflict or inconsistency between this Agreement and the Lease as between Borealis and Golden Phoenix, this Agreement shall govern.
Lease Maintenance. The Gothic Parties will have maintained in full force and effect all of the oil, gas and mineral leases, farmout agreements, joint development agreements, joint operating agreements and other oil and gas related Final Schedule Schedule "A" -------------- Page 4 of 17 Pages interests covered by the Participation Agreement in full force and effect and will not have rejected or terminated any of such interests or breached any of the terms or conditions applicable thereto.
Lease Maintenance. To the best of Seller’s knowledge, the Leases are in full force and effect in all material respects as to all lands and depths described therein, except as noted in Exhibit A, and all rents, rentals, shut-in royalties, overriding royalties and other royalties with respect to the Leases that have become due and payable as of the Effective Time have been duly paid (other than royalties held in escrow or suspense accounts). Since the Effective Time, Seller has received no notice of default or claimed default with respect to any material obligations with respect to the Leases.
Lease Maintenance. 12 Section 5.05
Lease Maintenance. To the best of such La/Cal XX Xxxty's knowledge, the Leases are in full force and effect as to all lands and depths described in such Leases and such La/Cal XX Xxxty is in full compliance with the Leases.
Lease Maintenance. Administer and maintain all Hydrocarbon leases, Division and Transfer Orders and other relevant land records, and Applicable Contracts. Receipt of Notices and other Communications. On behalf of Owner and in accordance with good operating procedures, receive, review, categorize, classify, organize, record, file and maintain as Owner Records and Data all notices, correspondence, reports, instruments, writings, agreements, documents, claims, assertions, demands, records, invoices, and other communications received by Service Provider from all operators, co-owners, purchasers under any sales contract, Governmental Authorities and other parties; on routine matters, respond to the foregoing on behalf of Owner, as appropriate. Furnish Copies of Notices and other Communications. Promptly following receipt by Service Provider, furnish to Owner a copy of any notice, correspondence, report, instrument, writing, agreement, document, assertion, record, demand, claim, petition or other filing from any legal proceeding relating to the Assets. Upon request from Owner, promptly following receipt by Service Provider, furnish to Owner copies of the following materials: proposals to drill, deepen, rework, complete, recomplete, core, log, test, treat, plug back, sidetrack, equip, or abandon any well, including a new well; any other proposal accompanied by an authorization for expenditure not included in the Development Plan and Budget; any proposed or revised division order or transfer order affecting production attributable to the Assets; any communication (such as notices of price redeterminations) that relates to potential or actual reductions in takes or in the prices or revenues received or to be received by Owner under any contract for the sale of oil, gas, or other hydrocarbons or substances; and notice of any well blowout, loss of life, material property damage, or other material loss or Emergency affecting the Assets.
Lease Maintenance. Without limitation of any other warranty, representation or covenant of Company set forth in this Agreement, Company covenants and agrees that, from and after the Effective Date and until such time as RTA earns the RTA Leasehold Interest and receives the Initial Leasehold Assignment in accordance with Section 2.13 hereof (the “Leasehold Acquisition Date”), Company will use its best efforts to: (a) timely pay rentals for Leases; (b) extend any Leases that are near the end of their respective terms; (c) obtain drilling and other requisite permits necessary for the development of the Leases; (d) comply with all applicable government regulations and requirements; and (e) take such other actions as are necessary to maintain the Leases in full force and effect.
Lease Maintenance. To the best of Seller's knowledge, all material royalties (other than royalties in suspense), rentals and other payments due under the Leases have been properly and timely paid, all conditions necessary to keep the Leases in force have been fully performed, no notices have been received by Seller of any claim to the contrary and all of the Leases are in full force and effect.
