Common use of Prudent Operations Clause in Contracts

Prudent Operations. Borrower shall prudently develop, and cause the Properties to be continuously operated and maintained to produce the output from or allocable to such property in a good and workmanlike manner consistent with prudent operator practices to maximize production from or allocable over the productive life thereof.

Appears in 2 contracts

Samples: Credit Agreement (Mallon Resources Corp), Credit Agreement (Black Hills Corp /Sd/)

AutoNDA by SimpleDocs

Prudent Operations. Borrower shall prudently develop, and or use its commercially reasonable efforts to cause the Properties to be continuously operated and maintained to produce the output from or allocable to such property Property over the productive life thereof in a good and workmanlike manner consistent with prudent operator practices to maximize production from or allocable over the productive life thereofpractices.

Appears in 1 contract

Samples: Term Credit Agreement (BPI Energy Holdings, Inc.)

Prudent Operations. Borrower Borrowers shall prudently develop, and cause the Properties to be continuously operated and maintained to produce the output from or allocable to such property Property over the productive life thereof in a good and workmanlike manner consistent with prudent operator practices to maximize production from or allocable over the productive life thereofpractices.

Appears in 1 contract

Samples: Advancing Term Credit Agreement (Westside Energy Corp)

Prudent Operations. Borrower shall prudently develop, and cause the Properties to be continuously operated and maintained to produce the output from or allocable to such property Property over the productive life thereof in a good and workmanlike manner consistent with prudent operator practices to maximize production from or allocable over the productive life thereofpractices.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Kentucky USA Energy, Inc.)

AutoNDA by SimpleDocs

Prudent Operations. The Borrower shall prudently developdevelop and operate, and cause the prudent operation and maintenance of, the Properties to be continuously operated and maintained to produce the output from or allocable to such property in a good and workmanlike manner consistent with prudent operator practices to maximize production from or allocable to the Properties over the productive life thereof.

Appears in 1 contract

Samples: Credit Agreement (Benz Energy LTD /Can/)

Prudent Operations. Borrower shall prudently develop, and cause the Properties to be continuously prudently operated and maintained to produce the output from or allocable to such property in a good and workmanlike manner consistent with prudent operator practices to maximize production from or allocable over the productive life thereof.

Appears in 1 contract

Samples: Credit Agreement (Atp Oil & Gas Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!