Maintenance of Tangible Property. The Borrower will maintain, or to the extent that the right of operating is vested in others, will exercise commercially reasonable efforts to require the operator to maintain, the Mortgaged Properties in good repair and working order and make all necessary replacements thereof and operate the Mortgaged Properties in a good and workmanlike manner.
Appears in 2 contracts
Samples: Senior Secured Bridge Loan (Mainland Resources Inc.), Senior Secured Advancing Line of Credit Agreement (Mainland Resources Inc.)
Maintenance of Tangible Property. The Borrower will maintain, or to the extent that the right of operating is vested in others, will exercise commercially reasonable its best efforts to require the operator to maintain, all of the Mortgaged its producing Oil and Gas Properties in good repair and working order and make all necessary replacements thereof and operate the Mortgaged Properties such Property in a good and workmanlike manner, unless the failure to do so would not have a Material Adverse Effect.
Appears in 2 contracts
Samples: Credit Agreement (Frontier Natural Gas Corp), Credit Agreement (Esenjay Exploration Inc)
