Maintenance of Leases. Grantor shall comply with all the covenants and conditions contained in the Leases insofar as they relate to the Royalty Lands and shall do all things necessary to maintain the Leases in full force and effect during the term of this Agreement including, without limitation, timely payment of all rentals, all renewal and extension fees, all taxes, all payments in lieu of actual production and royalties due or becoming due in respect of the Royalty Lands and the Leases.
Appears in 5 contracts
Samples: Farmout Agreement (Park Place Energy Corp.), Farmout Agreement (Park Place Energy Corp.), Seismic Option Agreement (Park Place Energy Corp.)
Maintenance of Leases. Grantor shall comply with all the covenants and conditions contained in the Leases insofar as they relate to the Royalty Lands and shall do all things necessary to maintain the Leases in full force and effect during the term of this Agreement including, without limitation, agreement including timely payment of all rentals, all renewal and extension fees, all taxes, all payments in lieu of actual production and royalties due or becoming due in respect of the Royalty Lands and the Leases.
Appears in 3 contracts
Samples: Overriding Royalty Agreement (Dynamic Oil & Gas Inc), Overriding Royalty Agreement (Dynamic Oil & Gas Inc), Overriding Royalty Agreement (Dynamic Oil & Gas Inc)
