Common use of Maintenance of Tangible Property Clause in Contracts

Maintenance of Tangible Property. The Borrower will maintain, or to the extent that the right of operating is vested in others, will exercise its best efforts to require the operator to maintain, all of the its producing Oil and Gas Properties in good repair and working order and make all necessary replacements thereof and operate such Property in a good and workmanlike manner, unless the failure to do so would not have a Material Adverse Effect.

Maintenance of Tangible Property. The Borrower will maintain, or to the extent that the right of operating is vested in others, will exercise its best commercially reasonable efforts to require the operator to maintain, all of the its producing Oil and Gas Mortgaged Properties in good repair and working order and make all necessary replacements thereof and operate such Property the Mortgaged Properties in a good and workmanlike manner, unless the failure to do so would not have a Material Adverse Effect.