Common use of Operations Prior to Closing Clause in Contracts

Operations Prior to Closing. From the date of execution hereof to the Closing, Grantor will operate the Assets in a good and workmanlike manner consistent with past practices. From the date of execution of this Agreement to the Closing Date, Grantor shall pay or cause to be paid its proportionate share of all costs and expenses incurred in connection with such operations. Except for the Capital Projects (which in all cases are deemed approved by Grantee), Grantor will notify Grantee of ongoing activities and major capital expenditures in excess of Twenty-Five Thousand Dollars ($25,000.00) per activity net to Grantor’s interests conducted on the Assets.

Operations Prior to Closing. From the date of execution hereof to the Closing, Grantor will operate the Assets in a good and workmanlike manner consistent with past practices. From the date of execution of this Agreement to the Closing Date, Grantor shall pay or cause to be paid its proportionate share of all costs and expenses incurred in connection with such operations. Except for the Capital Projects (which in all cases are deemed approved by Grantee), Grantor will notify Grantee of ongoing activities and major capital expenditures in excess of Twenty-Twenty- Five Thousand Dollars ($25,000.00) per activity net to Grantor’s interests conducted on the Assets.