Maintenance of Borrowing Base Properties. The Borrower shall, subject to Permitted Encumbrances, cause all the Borrowing Base Properties to be operated and maintained in accordance with sound oilfield practice and shall use reasonable efforts to ensure that all of the Borrowing Base Properties operated by Persons other than the Borrower or its Material Subsidiaries are operated and maintained in accordance with sound oilfield practice.
Appears in 3 contracts
Samples: Syndicated Credit Agreement (Advantage Oil & Gas Ltd.), Syndicated Credit Agreement (Advantage Oil & Gas Ltd.), Syndicated Credit Agreement (Advantage Oil & Gas Ltd.)
Maintenance of Borrowing Base Properties. The Borrower shall, subject to Permitted Encumbrances, cause all the Borrowing Base Properties to be operated and maintained in accordance with sound oilfield practice and shall use reasonable efforts to ensure that all of the Borrowing Base Properties operated by Persons other than the Borrower or its Material Subsidiaries a Guarantor are operated and maintained in accordance with sound oilfield practice.
Appears in 3 contracts
Samples: Syndicated Credit Agreement (Enterra Energy Trust), Syndicated Credit Agreement (Enterra Energy Trust), Syndicated Credit Agreement (Enterra Energy Trust)
