Common use of Maintenance of Interests Clause in Contracts

Maintenance of Interests. Seller has maintained and will continue from date of this Agreement until the Closing, to maintain and operate the Subject Property in a reasonable and prudent manner, in full compliance with applicable law and orders of any governmental authority, to maintain insurance and bonds now in force with respect to the Subject Property, to pay when due all costs and expenses coming due and payable in connection with the Subject Property, and to perform all of the covenants and conditions contained in the Leases and all related agreements.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Oasis Petroleum Inc.)

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Maintenance of Interests. Seller has maintained and will continue to maintain from date of this Agreement until the Closing, and has operated and will continue to maintain and operate the Subject Property in a reasonable and prudent manner, in full compliance with applicable law law, including the Environmental Laws, and orders of any governmental authority, to maintain insurance and bonds now in force with respect to the Subject Property, to pay when due all costs and expenses coming due and payable in connection with the Subject Property, and to perform all of the covenants and conditions contained in the Leases and all related agreements.

Appears in 1 contract

Samples: Purchase and Sale Agreement (New Frontier Energy Inc)

Maintenance of Interests. Seller has maintained and will continue continue, from the date of this Agreement until the Closing, to maintain and operate the Subject Property in a reasonable and prudent manner, in full compliance with applicable law and orders of any governmental authority, to will maintain insurance and bonds bonds, if any, now in force with respect to the Subject Property, to Property and will pay when due all costs and expenses coming due and payable in connection with the Subject PropertyProperty including but not limited to, payment of all rentals, deferred payments, extension payments and any other necessary payments to perform all of the covenants and conditions contained in maintain the Leases in full force and all related agreementseffect.

Appears in 1 contract

Samples: Purchase, Sale and Participation Agreement (Matador Resources Co)

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Maintenance of Interests. Seller has maintained maintained, and will continue from date of this Agreement until the ClosingClosing maintain, to maintain and operate the Subject Property Assets in a reasonable and prudent manner, in full compliance with applicable law and orders of any governmental authority, to and will maintain insurance and bonds now in force with respect to the Subject PropertyAssets, to pay when due all costs and expenses coming due and payable in connection with the Subject PropertyAssets, and to perform all of the covenants and conditions contained in the Leases and all related agreements.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Synergy Resources Corp)

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