Common use of Leases and ORRI Agreements Clause in Contracts

Leases and ORRI Agreements. The oil and gas leases, overriding royalty interest agreements, assignments, deeds or similar agreements creating the Contributed Assets, and related easements, rights-of-way and other surface rights comprising or creating any part of the Contributed Assets to which such Asset Contributor is a party (such leases, overriding royalty interest agreements, assignments, deeds, or similar agreements creating the Contributed Assets and related easements, rights-of-way and other rights-of-surface use being herein called the “Asset Oil and Gas Documents”), to the Knowledge of such Asset Contributor, are in full force and effect and constitute valid and binding obligations of the parties thereto. To the Knowledge of such Asset Contributor, such Asset Contributor has not received written notice that any of the Asset Oil and Gas Documents that comprise the Contributed Assets are not in full force and effect and do not constitute valid and binding obligations of the parties thereto. To such Asset Contributor’s Knowledge, such Asset Contributor is not in breach or default of its obligations under the Asset Oil and Gas Documents and (a) no situation exists which with the passing of time or giving of notice would create such a breach or default by such Asset Contributor, (b) no breach or default by any Person under the Asset Oil and Gas Documents (or situation which with the passage of time or giving of notice would create a breach or default) exists, and (c) no breach or default by any Person under the oil and gas leases underlying the overriding royalty interest agreements or similar agreements that comprise the Contributed Assets attributable to the interests owned by such Asset Contributor (or situation which with the passage of time or giving of notice would create a breach or default) exists. Prior to the execution of this Agreement, each such Asset Contributor has made available to the MLP, the GP, Intermediate GP, Intermediate Holdings and Holdings complete copies of each Asset Oil and Gas Document.

Leases and ORRI Agreements. The oil and gas leases, overriding royalty interest agreements, assignments, deeds or similar agreements creating the Contributed Equity Owned Assets, and related easements, rights-of-way and other surface rights comprising or creating any part of the Contributed Equity Owned Assets to which any Contributed Entity in which such Asset Equity Contributor owns an equity interest is a party (such leases, overriding royalty interest agreements, assignments, deeds, or similar agreements creating the Contributed Equity Owned Assets and related easements, rights-of-way and other rights-of-surface use being herein called the “Asset Equity Oil and Gas Documents”), to the Knowledge of such Asset Equity Contributor, are in full force and effect and constitute valid and binding obligations of the parties thereto. To the Knowledge of such Asset Equity Contributor, neither such Asset Equity Contributor nor the Contributed Entities in which such Equity Contributor owns an equity interest has not received written notice that any of the Asset Equity Oil and Gas Documents that comprise the Equity Owned Assets of such Contributed Assets Entities are not in full force and effect and do not constitute valid and binding obligations of the parties thereto. To such Asset Equity Contributor’s Knowledge, the Contributed Entities in which such Asset Equity Contributor is owns an equity interest are not in breach or default of its their obligations under the Asset Equity Oil and Gas Documents and (a) no situation exists which with the passing of time or giving of notice would create such a breach or default by such Asset ContributorContributed Entities, (b) no breach or default by any Person under the Asset Equity Oil and Gas Documents (or situation which with the passage of time or giving of notice would create a breach or default) exists, and (c) no breach or default by any Person under the oil and gas leases underlying the overriding royalty interest agreements or similar agreements that comprise the Contributed Equity Owned Assets attributable to the interests owned by such Asset Contributor Contributed Entities (or situation which with the passage of time or giving of notice would create a breach or default) exists. Prior to the execution of this Agreement, each such Asset Equity Contributor has made available to the MLP, the GP, Intermediate GP, Intermediate Holdings and Holdings complete copies of each Asset Equity Oil and Gas Document.