Common use of Status and Operation of Oil and Gas Properties Clause in Contracts

Status and Operation of Oil and Gas Properties. (a) The Leases that comprise the Oil and Gas Interests are (i) in full force and effect in accordance with their respective terms, (ii) all royalties, rentals and other payments due under the Leases have been properly and timely paid and (iii) there are currently pending no written requests or demands for payments, adjustments of payments or performance pursuant to obligations under the Leases, except where the failure of such Leases to be in full force and effect in accordance with their terms, or the pendency of such requests or demands, individually or in the aggregate, has not had, and would not reasonably be expected to have, a Company Materially Adverse Effect. Except as would not individually or in the aggregate have a Company Material Adverse Effect, none of the Company or any of its Subsidiaries is in breach of any of its obligations under any Lease.

Status and Operation of Oil and Gas Properties. (a) The Leases that comprise the Oil and Gas Interests are (i) in full force and effect in accordance with their respective terms, (ii) all royalties, rentals and other payments due under the Leases have been properly and timely paid and (iii) there are currently pending no written requests or demands for payments, adjustments of payments or performance pursuant to obligations under the Leases, except where the failure of such Leases to be in full force and effect in accordance with their terms, or the pendency of such requests or demands, individually or in the aggregate, has not had, and would not reasonably be expected to have, a Company Materially Material Adverse Effect. Except as would not individually or in the aggregate have a Company Material Adverse Effect, none None of the Company or any of its Subsidiaries is, nor to the Company's Knowledge, is any other party, in breach in any material respect of any of its obligations under any Lease.

Status and Operation of Oil and Gas Properties. (a) The Leases that comprise the Oil and Gas Interests are (i) in full force and effect in accordance with their respective terms, (ii) all royalties, rentals and other payments due under the Leases have been properly and timely paid and (iii) there are currently pending no written requests or demands for payments, adjustments of payments or performance pursuant to obligations under the Leases, except where the failure of such Leases to be in full force and effect in accordance with their terms, or the pendency of such requests or demands, individually or in the aggregate, has not had, and would not reasonably be expected to have, a Company Materially Material Adverse Effect. Except as would not individually or in the aggregate have a Company Material Adverse Effect, none None of the Company or any of its Subsidiaries is, nor to the Company’s Knowledge, is any other party, in breach in any material respect of any of its obligations under any Lease.