Operation of Mortgage Collateral Sample Clauses

Operation of Mortgage Collateral. The Borrower Parties shall operate the Mortgage Collateral in all material respects in accordance with the requirements set forth in this Agreement.

Operation of Mortgage Collateral. So long as the Obligations or any part thereof remains unpaid, and whether or not Borrower is the operator of the Mortgage Collateral, Borrower shall, at Borrower's own expense: (a) do all things necessary to keep unimpaired Borrower's rights and remedies in or under the Mortgage Collateral and, except as otherwise permitted in this Agreement or in the Oil & Gas Credit Facility, shall (i) not abandon any well or forfeit, surrender, release or default under (other than any abandonment, forfeiture, surrender, release or default that, individually or in the aggregate with all other such defaults, would not have a Material Adverse Effect) any Lease to which value has been ascribed in the Proved Reserve Report, or in the event Borrower is not the operator, shall use commercially reasonable efforts to prevent any of the above, unless undertaken in the ordinary course of business, (ii) enter into or otherwise acquire obligations under Production Sale Contracts (as defined in the Mortgages) only on terms and conditions to which a reasonably prudent producer, seller, purchaser, or processor, as applicable, of Subject Minerals, would agree, and (iii) not abandon, sell, convey, assign, lease or otherwise transfer any right, title or interest of Borrower into or under the Pipelines or the Pipeline Assets, or consent to any of the foregoing, except as permitted in Section 6.2 of the Oil & Gas Credit Facility; (b) except as otherwise permitted in this Agreement or in the Oil & Gas Credit Facility, perform or cause to be performed, each and all covenants, agreements, terms, conditions and limitations imposed upon Borrower or its predecessors in interest (except where any failure to so perform or cause to be performed, individually or in the aggregate with all other such failures, would not have a Material Adverse Effect) and expressly contained in (i) the Leases and any instrument or document relating thereto, and (ii) any assignment or other form of conveyance, under or through which the Leases, the Pipelines, Pipeline Assets, Lands, or Rights-of-Way and Franchises, or an undivided interest therein are now held, and perform or cause to be performed all implied covenants and obligations imposed upon Borrower in connection therewith or with any document or instrument relating thereto; (c) cause, or in the event Borrower is not the operator of the Subject Interests or the Pipeline Assets, use commercially reasonable efforts to cause, the Subject Interests and the Pipeline ...