Common use of Operation and Maintenance of Property Clause in Contracts

Operation and Maintenance of Property. (a) Keep, preserve and maintain all Property and systems, including all improvements, personal property and equipment, useful and necessary in its business in good working order and condition in accordance with the general practice of other businesses of similar character and size (ordinary wear and tear excepted) and make all necessary repairs, renewals and replacements so that its business may be property conducted at all times.

Appears in 9 contracts

Samples: Credit Agreement (Mach Natural Resources Lp), Credit Agreement (Mach Natural Resources Lp), Credit Agreement (HighPeak Energy, Inc.)

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Operation and Maintenance of Property. (a) Keep, preserve and maintain all Property and systems, including all improvements, personal property and equipment, useful and necessary in its business in good working order and condition in accordance with the general practice of other businesses of similar character and size (ordinary wear and tear excepted) and make all necessary repairs, renewals and replacements so that its business may be property properly conducted at all times.

Appears in 2 contracts

Samples: Credit Agreement (Par Pacific Holdings, Inc.), Credit Agreement (Black Ridge Oil & Gas, Inc.)

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