Leases in Good Standing. To the best of Seller’s knowledge, but without investigation, all royalties, rentals and other payments due under the Leases have been properly paid in all material respects, and all conditions necessary to keep the Leases in force and effect have been fully performed in all material respects.
Leases in Good Standing. Purchaser agrees to use its commercially reasonable best efforts to keep all leasehold interests of the Lands in good standing, and in the event such leasehold terms will expire, Purchaser agrees to assign such leasehold interests to Vendor, prior to the expiration of the lease, at no cost to the Vendor.
Leases in Good Standing. All Leases, if any, are in full force and effect, and there are no defaults thereunder or any defenses or offsets thereto on the part of any tenant.
Leases in Good Standing. All Leases are in full force and effect, and there are no defaults thereunder or any defenses or offsets thereto on the part of any tenant.
Leases in Good Standing. The Borrower enjoys peaceful and undisturbed possession under all leases under which it is now operating, and all said leases are valid, subsisting and in full force and effect and the Borrower is not in violation of any material term of any such lease. Each such lease contains terms acceptable to the Borrower.
Leases in Good Standing. All Leases and Subleases are in full force and effect, and there are no defaults thereunder or any defenses or offsets thereto on the part of any subtenant.
Leases in Good Standing. To the best of -the knowledge of the Vendor, after having made due enquiry, each Lease is in full force and effect and without amendment thereto except as listed in Schedule 14 and all unwritten agreements and arrangements relating thereto have been fully and accurately disclosed in. Schedule 14, and BCR's interest in the Leases and the Leased Assets is free and clear of all Encumbrances except for Permitted Encumbrances.
Leases in Good Standing. Except as set forth in Schedule 3.21, all Leases are in full force and effect, and none of the Columbia Entities is in default thereunder, in each case, except as would not be material to the Columbia Entities, taken as a whole. Except for revenues which are properly being suspended in accordance with applicable law and except as set forth in Schedule 3.21, all oil and gas production proceeds payable by the Columbia Entities to others under the Leases, including all royalties, overriding royalties and net profits interests, have been disbursed in accordance with all of the terms and conditions of the applicable Leases, other contracts and applicable law and all deductions from such oil and gas production proceeds have been deducted in compliance with all of the terms and conditions of the applicable Leases, other contracts and applicable law, in each case, except as would not reasonably be expected to have a Material Adverse Effect. Each of the Columbia Entities is in compliance with all applicable laws, rules, regulations and orders applicable to the Leases to the extent pertaining to escheatment, except where the failure to so comply would not, singly or in the aggregate, have a Material Adverse Effect.
Leases in Good Standing. All Leases are valid, subsisting and in full force and effect and the Mortgagor is not in violation of any material term of any such Lease. Each such Lease contains terms acceptable to the Mortgagor.
