Common use of Producing Xxxxx Clause in Contracts

Producing Xxxxx. All producing xxxxx that constitute part of the Borrowing Base Oil and Gas Properties: (a) have been, during all times that any such xxxxx were operated by Borrower or its Affiliates, and (b) to the knowledge of the Borrower, have been at all other times; drilled, operated and produced in conformity with all applicable Laws, rules, regulations and orders of all regulatory authorities having jurisdiction, are subject to no penalties on account of past production, and are bottomed under and are producing from, and the well bores are wholly within, the Borrowing Base Oil and Gas Properties, or on Oil and Gas Properties which have been pooled, unitized or communitized with the Borrowing Base Oil and Gas Properties, except to the extent that any noncompliance with the representations set out in this Section would not have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Gulfport Energy Corp), Credit Agreement (Gulfport Energy Corp)

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Producing Xxxxx. All producing xxxxx that constitute part of the Borrowing Base Oil and Gas Properties: Properties (a) have been, during all times that any such xxxxx were operated by any Borrower or its Affiliatesany Borrower Affiliate, and (b) to the knowledge of the BorrowerBorrowers, have been at all other times; , drilled, operated and produced in conformity with all applicable Laws, rules, regulations and orders of all regulatory authorities having jurisdiction, are subject to no penalties on account of past production, and are bottomed under and are producing from, and the well bores are wholly within, the Borrowing Base Oil and Gas Properties, or on Oil and Gas Properties which have been pooled, unitized or communitized with the Borrowing Base Oil and Gas Properties, except to the extent that any noncompliance with the representations set out in this Section 5.22 would not have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (PostRock Energy Corp), Credit Agreement (PostRock Energy Corp)

Producing Xxxxx. All producing xxxxx that constitute part of the Borrowing Base Oil and Gas Properties: Properties (a) have been, during all times that any such xxxxx were operated by any Borrower or its Affiliatesany Borrower Affiliate, and (b) to the knowledge of the BorrowerBorrowers, have been at all other times; , drilled, operated and produced in conformity with all applicable Laws, rules, regulations and orders of all regulatory authorities having jurisdiction, are subject to no penalties on account of past production, and are bottomed under and are producing from, and the well bores are wholly within, the Borrowing Base Oil and Gas Properties, or on Oil and Gas Properties which have been pooled, unitized or communitized with the Borrowing Base Oil and Gas Properties, except to the extent that any noncompliance with the representations set out in this Section 5.22 would not have a Material Adverse Effect.. Borrowing Base Credit Agreement

Appears in 1 contract

Samples: Credit Agreement (PostRock Energy Corp)

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Producing Xxxxx. All producing xxxxx that constitute part of the Borrowing Base Oil and Gas Properties: (a) have been, during all times that any such xxxxx were operated by Borrower or its Affiliates, and (b) to the knowledge of the Borrower, have been at all other times; drilled, operated and produced in conformity with all applicable Laws, rules, regulations and orders of all regulatory authorities having jurisdiction, are subject to no penalties on account of past production, and are bottomed under and are producing from, and the well bores are wholly within, the Borrowing Base Oil and Gas Properties, or on Oil and Gas Properties which have been pooled, unitized or communitized with the Borrowing Base Oil and Gas Properties, except to the extent that any noncompliance with the representations set out forth in this Section would not have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Ultra Petroleum Corp)

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