Common use of Maintenance and Inspection of Properties Clause in Contracts

Maintenance and Inspection of Properties. Maintain or, to the extent that the right or obligation to do so rests with another Person, exercise commercially reasonable efforts to cause such other Person to maintain all of its material tangible Properties in good repair and condition, ordinary wear and tear excepted; make or, to the extent that the right or obligation to do so rests with another Person, exercise commercially reasonable efforts to cause such other Person to make all necessary replacements thereof and operate such Properties in a manner reasonably determined by it to be good and workmanlike; and permit any authorized representative of the Agent or any Lender, upon prior notice to visit and inspect, at reasonable times, any of its tangible Property.

Appears in 3 contracts

Samples: Credit Agreement (Primeenergy Corp), Credit Agreement (Gastar Exploration LTD), Credit Agreement (Gastar Exploration LTD)

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Maintenance and Inspection of Properties. Maintain or, to the extent that the right or obligation to do so rests with another Person, exercise commercially reasonable efforts to cause such other Person to maintain all of its material the tangible Properties of each of the Borrowers in good repair and condition, ordinary wear and tear excepted; make or, to the extent that the right or obligation to do so rests with another Person, exercise commercially reasonable efforts to cause such other Person to make all necessary replacements thereof and operate such Properties in a manner reasonably determined by it to be good and workmanlikeworkmanlike manner; and permit any authorized representative of the Agent or any LenderAgent, upon prior notice to the Borrowers, to visit and inspect, at reasonable times, any tangible Property of its tangible Propertyany of the Borrowers.

Appears in 2 contracts

Samples: Term Loan Agreement (Royale Energy Holdings, Inc.), Term Loan Agreement (Royale Energy Holdings, Inc.)

Maintenance and Inspection of Properties. Maintain or, to the extent that the right or obligation to do so rests with another Person, exercise commercially reasonable its best efforts to cause such other Person to maintain all of its material tangible Properties necessary to operate its business as currently conducted in good repair and condition, ordinary wear and tear excepted; make or, to the extent that the right or obligation to do so rests with another Person, exercise commercially reasonable its best efforts to cause such other Person to make all necessary replacements thereof and operate such Properties in a manner reasonably determined by it to be good and workmanlikeworkmanlike manner; and permit any authorized representative of the Agent or any Lender, upon prior notice to visit and inspect, at reasonable times, any of its tangible Property.

Appears in 2 contracts

Samples: Credit Agreement (Cross Border Resources, Inc.), Credit Agreement (Royale Energy Inc)

Maintenance and Inspection of Properties. Maintain or, to the extent that the right or obligation to do so rests with another Person, exercise use commercially reasonable efforts to cause such other Person to maintain all of its material tangible Properties in good repair and condition, ordinary wear and tear excepted; make or, to the extent that the right or obligation to do so rests with another Person, exercise use commercially reasonable efforts to cause such other Person to make all necessary replacements thereof and operate such Properties in a manner reasonably determined by it to be good and workmanlikeworkmanlike manner; and permit any authorized representative of the Agent or any Lender, upon prior notice to visit and inspect, at reasonable times, any of its tangible Property.

Appears in 1 contract

Samples: Credit Agreement (High Plains Gas, Inc.)

Maintenance and Inspection of Properties. Maintain or, to the extent that the right or obligation to do so rests with another Person, exercise commercially reasonable efforts to cause such other Person to maintain all of its material tangible Properties necessary to operate its business as currently conducted in good repair and condition, ordinary wear and tear excepted; make or, to the extent that the right or obligation to do so rests with another Person, exercise commercially reasonable efforts to cause such other Person to make all necessary replacements thereof and operate such Properties in a manner reasonably determined by it to be good and workmanlikeworkmanlike manner; and permit any authorized representative of the Agent or any Lender, upon prior notice to visit and inspect, at reasonable times, any of its tangible Property.

Appears in 1 contract

Samples: Credit Agreement (Evolution Petroleum Corp)

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Maintenance and Inspection of Properties. Maintain or, to the extent that the right or obligation to do so rests with another Person, exercise commercially reasonable efforts to cause such other Person to maintain all of its material tangible Properties in good repair and condition, ordinary wear and tear excepted; make or, to the extent that the right or obligation to do so rests with another Person, exercise commercially reasonable its best efforts to cause such other Person to make all necessary replacements thereof and operate such Properties in a manner reasonably determined by it to be good and workmanlikeworkmanlike manner; and permit any authorized representative of the Agent or any Lender, upon reasonable prior notice to the Borrower, to visit and inspect, at reasonable times, any tangible Property of its tangible Propertythe Borrower.

Appears in 1 contract

Samples: Credit Agreement (NiMin Energy Corp.)

Maintenance and Inspection of Properties. Maintain or, to the extent that the right or obligation to do so rests with another Person, exercise commercially reasonable efforts to cause such other Person to maintain all of its material tangible Properties in good repair and condition, ordinary wear and tear excepted; make or, to the extent that the right or obligation to do so rests with another Person, exercise commercially reasonable efforts to cause such other Person to make all necessary replacements thereof and operate such Properties in a manner reasonably determined by it to be good and workmanlike; and permit any authorized representative of the Agent or any Lender, upon prior notice notice, to visit and inspect, at reasonable times, any of its tangible Property.

Appears in 1 contract

Samples: Credit Agreement (Contango Oil & Gas Co)

Maintenance and Inspection of Properties. Maintain or, to the extent that the right or obligation to do so rests with another Person, exercise commercially reasonable its best efforts to cause such other Person to maintain all of its material tangible Properties in good repair and condition, ordinary wear and tear excepted; make or, to the extent that the right or obligation to do so rests with another Person, exercise commercially reasonable its best efforts to cause such other Person to make all necessary replacements thereof and operate such Properties in a manner reasonably determined by it to be good and workmanlikeworkmanlike manner; and permit any authorized representative of the Agent or any Lender, upon prior notice to visit and inspect, at reasonable times, any of its tangible Property.

Appears in 1 contract

Samples: Credit Agreement (Lucas Energy, Inc.)

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