Maintenance of Leases. Promptly perform, pay and discharge (or Cause Operator to perform, pay and discharge) (a) all delay rentals, royalties, expenses, severance Taxes and other Taxes and indebtedness accruing under the Leases or the other Basic Documents, and (b) all other obligations imposed by the Leases and the other Basic Documents, in each instance, unless the failure to do so could not reasonably be expected to have a Material Adverse Effect. Borrower shall also act as a Prudent Operator in preventing the expiration, forfeiture or abandonment of any of the Properties except for Properties that are known to be incapable of producing in paying quantities.
Appears in 4 contracts
Samples: Credit Agreement (American Standard Energy Corp.), Credit Agreement (Voyager Oil & Gas, Inc.), Credit Agreement (American Standard Energy Corp.)
