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. (A) Lease Maintenance During the Primary Term:
Lease Maintenance. In consideration of the sums set forth in paragraph 5 and the other obligations and covenants of this Lease, DDA leases to Lessee the five refuse enclosures within the 100, 200, 300, 400 and 500 blocks of E. Grand River Ave (the “Property”) as delineated on the attached drawing incorporated herein as Exhibit
Lease Maintenance. The Leases have been properly maintained in force and effect to the present time.
Lease Maintenance. The Leases set forth on Exhibit "A" are in full force and effect as to all lands and depths described in such Leases.
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. White Bear shall also assume and discharge the obligation to make all payments required under the Xxxxx Lease. More particularly, White Bear shall pay to Xxxxx annual advance minimum royalties specified in Section 1.2(b) of the Xxxxx Lease not later than September 17 of each year and provide evidence of payment to Miranda immediately thereafter.
