Common use of Preservation of Operating Assets Clause in Contracts

Preservation of Operating Assets. The Partnership shall use reasonable efforts to preserve in full force and effect all leases, operating agreements, easements, rights-of-way, permits, licenses, contracts and other agreements which relate to the Operating Assets and shall perform the obligations of the Partnership in or under any such agreement relating to such Operating Assets as a reasonable and prudent operator, provided however, that the Partnership shall not be required to conduct any drilling, recompletion or reworking activities to maintain any lease, farmout agreement or other defeasible interest in force or to settle any adverse claims, demands or litigation in a manner that Seller deems inappropriate.

Preservation of Operating Assets. The Partnership shall use reasonable -------------------------------- efforts to preserve in full force and effect all leases, operating agreements, easements, rights-of-way, permits, licenses, contracts and other agreements which relate to the Operating Assets and shall perform the obligations of the Partnership in or under any such agreement relating to such Operating Assets as a reasonable and prudent operator, provided however, that the Partnership shall not be required to conduct any drilling, recompletion or reworking activities to maintain any lease, farmout agreement or other defeasible interest in force or to settle any adverse claims, demands or litigation in a manner that Seller deems inappropriate.

Preservation of Operating Assets. The Partnership shall use -------------------------------- reasonable efforts to preserve in full force and effect all leases, operating agreements, easements, rights-of-way, permits, licenses, contracts and other agreements which relate to the Operating Assets and shall perform the obligations of the Partnership in or under any such agreement relating to such Operating Assets as a reasonable and prudent operator, provided however, that the Partnership shall not be required to conduct any drilling, recompletion or reworking activities to maintain any lease, farmout agreement or other defeasible interest in force or to settle any adverse claims, demands or litigation in a manner that Seller deems inappropriate.