Common use of Status of Leases Clause in Contracts

Status of Leases. With respect to the oil, gas and/or mineral leases comprising part of the Assets (i) to Seller's Knowledge, such leases have been maintained according to their terms, in compliance with the agreements to which such leases are subject; (ii) to Seller's Knowledge all royalties (other than royalties held in suspense), delay rentals and other payments due under such leases have been properly and timely paid and all conditions necessary to keep such leases in force have been fully performed; (iii) to Seller's Knowledge, except as shown on the Exhibits hereto, and without expanding or enlarging any warranty of title given elsewhere herein, such leases are presently in force and effect; and (iv) neither Seller nor, to Seller's Knowledge, any other party to any such lease has received notice of any claim or action seeking to terminate, cancel, rescind or procure a judicial reformation of any such lease or any provisions thereof or seeking the release of any such lease (or portion thereof) comprising any part of the Assets.

Status of Leases. With respect to the oil, gas and/or mineral leases comprising part of the Assets (i) to To Seller's ’s Knowledge, such leases the Leases have been maintained according to their terms, in compliance with the agreements to which such leases the Leases are subject; (ii) to Seller's Knowledge all royalties (other than royalties held in suspense), delay rentals rentals, and other payments due under such leases the Leases which are Seller Operated Assets (and to Seller’s Knowledge with respect to the other Leases) have been properly and timely paid and all conditions necessary to keep such leases the Leases in force have been fully performed; (iii) to Seller's ’s Knowledge, except as shown on the Exhibits hereto, and without expanding or enlarging any warranty of title given elsewhere herein, such leases the Leases are presently in force and effect; and (iv) neither Seller nor, to Seller's ’s Knowledge, any other party to any such lease Lease has received notice or threat of any claim or action seeking to terminate, cancel, rescind rescind, or procure a judicial reformation of any such lease Lease or any provisions thereof or seeking the release of any such lease Lease (or portion thereof) comprising any part of the Assets).

Status of Leases. With respect to the oil, gas and/or mineral leases comprising part of the Assets (i) to Seller's ’s Knowledge, such leases have been maintained according to their terms, in compliance with the agreements to which such leases are subject; (ii) to Seller's ’s Knowledge all royalties (other than royalties held in suspense), delay rentals and other payments due under such leases have been properly and timely paid and all conditions necessary to keep such leases in force have been fully performed; (iii) to Seller's ’s Knowledge, except as shown on the Exhibits hereto, and without expanding or enlarging any warranty of title given elsewhere herein, such leases are presently in force and effect; and (iv) neither Seller nor, to Seller's ’s Knowledge, any other party to any such lease has received notice of any claim or action seeking to terminate, cancel, rescind or procure a judicial reformation of any such lease or any provisions thereof or seeking the release of any such lease (or portion thereof) comprising any part of the Assets.