Common use of Operation and Maintenance of Properties Clause in Contracts

Operation and Maintenance of Properties. Each Note Party, at its own expense, will: (a) operate its Oil and Gas Properties and other Properties or cause such Oil and Gas Properties and other Properties to be operated in accordance with the practices of the industry and in compliance with all applicable contracts and agreements and in compliance with all Governmental Requirements of all applicable Governmental Authorities, including, without limitation, applicable pro ration requirements and Environmental Laws, and all Governmental Requirements of every other Governmental Authority from time to time with the authority to regulate the development and operation of its Oil and Gas Properties and the production and sale of Hydrocarbons and other minerals therefrom, except, in each case, where the failure to comply could not reasonably be expected to have a Material Adverse Effect; (b) keep and maintain all Property, including, without limitation, all equipment, machinery and facilities, material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, unless such Property is subject to a sale, assignment or transfer of Property permitted under Section 7.7; and (c) promptly pay and discharge, or make reasonable and customary efforts to cause to be paid and discharged, all delay rentals, royalties, expenses and indebtedness accruing under the leases or other agreements affecting or pertaining to its material Oil and Gas Properties and will do all other things necessary to keep unimpaired their rights with respect thereto and prevent any forfeiture thereof or default thereunder. In the event any of the Oil and Gas Properties are not operated by any Note Party or an Affiliate of any Note Party, then the applicable Note Party shall use its commercially reasonable best efforts to cause any third party operator to comply with the provisions of this Section 6.5.

Operation and Maintenance of Properties. Each Note PartyThe Borrower, at its own expense, will: , and will cause each Loan Party to: (a) operate its Oil and Gas Properties and other material Properties or cause such Oil and Gas Properties and other material Properties to be operated in a careful and efficient manner in accordance with the practices of the industry and in compliance with all applicable contracts and agreements and in compliance with all Governmental Requirements of all applicable Governmental AuthoritiesRequirements, including, without limitation, applicable pro ration requirements and Environmental Laws, and all Governmental Requirements applicable laws, rules and regulations of every other Governmental Authority from time to time with the authority constituted to regulate the development and operation of its Oil and Gas Properties and the production and sale of Hydrocarbons and other minerals therefrom, except, in each case, where the failure to comply could not reasonably be expected to have a Material Adverse Effect; ; (b) except due to a Casualty Event, keep and maintain all Property, including, without limitation, all equipment, machinery and facilities, Property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, unless such Property is subject to a saleand preserve, assignment or transfer maintain and keep in good repair, working order and efficiency (ordinary wear and tear excepted) all of Property permitted under Section 7.7its material Oil and Gas Properties and other material Properties, including, without limitation, all material equipment, machinery and facilities; and and (c) except where the failure to comply could not reasonably be expected to have a Material Adverse Effect, promptly pay and discharge, perform or make reasonable and customary efforts to cause to be paid performed, in accordance with customary industry standards, the obligations required by each and dischargedall of the assignments, all delay rentalsdeeds, royaltiesleases, expenses sub-leases, contracts and indebtedness accruing under the leases or other agreements affecting or pertaining to its material interests in its Oil and Gas Properties and will do all other things necessary Properties. With respect to keep unimpaired their rights with respect thereto and prevent any forfeiture thereof or default thereunder. In the event any of the Oil and Gas Properties referred to in this Section 8.05 that are not operated by any Note Party Person other than the Borrower or an Affiliate of any Note other Loan Party, then the applicable Note Party Borrower or such Loan Party, as applicable, shall use its commercially reasonable best efforts to cause any third party the operator of such Oil and Gas Properties to comply with the provisions of this Section 6.58.05 with respect to the Oil and Gas Properties operated by it.

Operation and Maintenance of Properties. Each Note Party, at its own expense, will: (a) operate its Oil and Gas Properties and other Properties or cause such Oil and Gas Properties and other Properties to be operated in accordance with the practices of the industry and in compliance with all applicable contracts and agreements and in compliance with all Governmental Requirements of all applicable Governmental Authorities, including, without limitation, applicable pro ration requirements and Environmental Laws, and all Governmental Requirements of every other Governmental Authority from time to time with the authority to regulate the development and operation of its Oil and Gas Properties and the production and sale of Hydrocarbons and other minerals therefrom, except, in each case, where the failure to comply could not reasonably be expected to have a Material Adverse Effect; (b) keep and maintain all Property, including, without limitation, all equipment, machinery and facilities, material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, unless such Property is subject to a sale, assignment or transfer of Property permitted under Section 7.77.8; and (c) promptly pay and discharge, or make reasonable and customary efforts to cause to be paid and discharged, all delay rentals, royalties, expenses and indebtedness accruing under the leases or other agreements affecting or pertaining to its material Oil and Gas Properties and will do all other things necessary to keep unimpaired their rights with respect thereto and prevent any forfeiture thereof or default thereunder. In the event any of the Oil and Gas Properties are not operated by any Note Party or an Affiliate of any Note Party, then the applicable Note Party shall use its commercially reasonable best efforts to cause any third party operator to comply with the provisions of this Section 6.5.

Operation and Maintenance of Properties. Each Note PartyThe Borrower, at its own expense, will, and will cause each Loan Party to: (a) operate its Oil and Gas Properties and other material Properties or cause such Oil and Gas Properties and other material Properties to be operated in a careful and efficient manner in accordance with the practices of the industry and in compliance with all applicable contracts and agreements and in compliance with all Governmental Requirements of all applicable Governmental AuthoritiesRequirements, including, without limitation, applicable pro ration requirements and Environmental Laws, and all Governmental Requirements applicable laws, rules and regulations of every other Governmental Authority from time to time with the authority constituted to regulate the development and operation of its Oil and Gas Properties and the production and sale of Hydrocarbons and other minerals therefrom, except, in each case, where the failure to comply could not reasonably be expected to have a Material Adverse Effect; (b) except due to a Casualty Event, keep and maintain all Property, including, without limitation, all equipment, machinery and facilities, Property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, unless such Property is subject to a saleand preserve, assignment or transfer maintain and keep in good repair, working order and efficiency (ordinary wear and tear excepted) all of Property permitted under Section 7.7its material Oil and Gas Properties and other material Properties, including, without limitation, all material equipment, machinery and facilities; and (c) except where the failure to comply could not reasonably be expected to have a Material Adverse Effect, promptly pay and discharge, perform or make reasonable and customary efforts to cause to be paid performed, in accordance with customary industry standards, the obligations required by each and dischargedall of the assignments, all delay rentalsdeeds, royaltiesleases, expenses sub-leases, contracts and indebtedness accruing under the leases or other agreements affecting or pertaining to its material interests in its Oil and Gas Properties and will do all other things necessary Properties. With respect to keep unimpaired their rights with respect thereto and prevent any forfeiture thereof or default thereunder. In the event any of the Oil and Gas Properties referred to in this Section 8.05 that are not operated by any Note Party Person other than the Borrower or an Affiliate of any Note other Loan Party, then the applicable Note Party Borrower or such Loan Party, as applicable, shall use its commercially reasonable best efforts to cause any third party the operator of such Oil and Gas Properties to comply with the provisions of this Section 6.58.05 with respect to the Oil and Gas Properties operated by it.

Operation and Maintenance of Properties. Each Note Party, at its own expense, will: (a) operate its Oil and Gas Properties and other Properties or cause such Oil and Gas Properties and other Properties to be operated in accordance with the practices of the industry and in compliance with all applicable contracts and agreements and in compliance with all Governmental Requirements of all applicable Governmental Authorities, including, without limitation, applicable pro ration requirements and Environmental Laws, and all Governmental Requirements of every other Governmental Authority from time to time with the authority constituted to regulate the development and operation of its Oil and Gas Properties and the production and sale of Hydrocarbons and other minerals therefrom, except, in each case, where the failure to comply could not reasonably be expected to have a Material Adverse Effect; (b) keep and maintain all Property, including, without limitation, all equipment, machinery and facilities, Property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted preserve, maintain and keep in good repair, working order and efficiency (ordinary wear and tear excepted) all of its Oil and Gas Properties and other Properties, unless such Property is subject to a saleincluding, assignment or transfer of Property permitted under Section 7.7without limitation, all equipment, machinery and facilities; and (c) promptly pay and discharge, or make reasonable and customary efforts to cause to be paid and discharged, all delay rentals, royalties, expenses and indebtedness accruing under the leases or other agreements affecting or pertaining to its material Oil and Gas Properties and will do all other things necessary to keep unimpaired their rights with respect thereto and prevent any forfeiture thereof or default thereunder. In the event any of the Oil and Gas Properties are not operated by any Note Party or an Affiliate of any Note Party, then the applicable Note Party shall use its commercially reasonable best efforts to cause any third party operator to comply with the provisions of this Section 6.5.