Xxxxx and Facilities. Except as set forth on Schedule 4.25, with respect to the Seller-Operated Assets (and, to Seller’s Knowledge, with respect to the Non-Operated Assets): (a) All Xxxxx drilled by Seller (and, to Seller’s Knowledge, all other Xxxxx) have been drilled and completed at legal locations and within the limits permitted by all applicable Leases, contracts, and pooling or unit agreements; (b) No Well is subject to penalties on allowables due to overproduction or any other violation of Law; (c) There are no Xxxxx or other Facilities located on the Seller-Operated Assets (or, to Seller’s Knowledge, on the Non-Operated Assets) that (i) Seller (or the operator, in the case of a Non-Operated Asset) is currently obligated by any Law or contract to currently plug, dismantle or abandon; or (ii) have been plugged, dismantled, or abandoned in a manner that does not comply in all material respects with applicable Law; (d) To Seller’s Knowledge, all currently producing Xxxxx and Facilities are in an operable state of repair adequate to maintain normal operations in accordance with past practices, ordinary wear and tear excepted; (e) The Facilities include all equipment necessary for the operation of the Seller-Operated Assets in the ordinary course as currently operated by Seller or its Affiliates; (f) Seller has all easements, rights of way, licenses, and authorizations from Governmental Authorities necessary to access, construct, operate, maintain, and repair the Facilities in the ordinary course of business as currently conducted and in compliance with all applicable Laws; and (g) Exhibit B contains a list of all inactive xxxxx located on the Seller-Operated Assets.
Appears in 4 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement (Mid-Con Energy Partners, LP)
Xxxxx and Facilities. Except as set forth on Schedule 4.25, with respect to the SellerCompany-Operated Assets (and, to Seller’s Knowledge, with respect to the Non-Operated Assets):
(a) All Xxxxx drilled by any Company Entity or by Seller (and, to Seller’s Knowledge, all other Xxxxx) have been drilled and completed at legal locations and within the limits permitted by all applicable Leases, contracts, and pooling or unit agreements;
(b) No Well is subject to penalties on allowables due to overproduction or any other violation of Law;
(c) There are no Xxxxx or other Facilities located on the SellerCompany-Operated Assets (or, to Seller’s Knowledge, on the Non-Operated Assets) that (i) Seller any Company Entity (or the operator, in the case of a Non-Operated Asset) is currently obligated by any Law or contract to currently plug, dismantle or abandon; or (ii) have been plugged, dismantled, or abandoned in a manner that does not comply in all material respects with applicable Law;
(d) To Seller’s Knowledge, all currently producing Xxxxx and Facilities are in an operable state of repair adequate to maintain normal operations in accordance with past practices, ordinary wear and tear excepted;
(e) The Facilities include all equipment necessary for the operation of the SellerCompany-Operated Assets in the ordinary course as currently operated by Seller the applicable Company Entity or its Affiliates;
(f) Seller The applicable Company Entity has all easements, rights of way, licenses, and authorizations from Governmental Authorities necessary to access, construct, operate, maintain, and repair the Facilities in the ordinary course of business as currently conducted and in compliance with all applicable Laws; and
(g) Exhibit B contains a list of all inactive xxxxx located on the SellerCompany-Operated Assets.
Appears in 2 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Memorial Production Partners LP)
Xxxxx and Facilities. Except as set forth on Schedule 4.25, with respect to the SellerCompany-Operated Assets (and, to Seller’s the Seller Parties’ Knowledge, with respect to the Non-Operated Assets):
(a) All Xxxxx drilled by any Company Entity or by any Seller (and, to Seller’s the Seller Parties’ Knowledge, all other Xxxxx) have been drilled and completed at legal locations and within the limits permitted by all applicable Leases, contracts, and pooling or unit agreements;
(b) No Well is subject to penalties on allowables due to overproduction or any other violation of Law;
(c) There are no Xxxxx or other Facilities located on the SellerCompany-Operated Assets (or, to Seller’s the Seller Parties’ Knowledge, on the Non-Non- Operated Assets) that (i) Seller any Company Entity (or the operator, in the case of a Non-Operated Asset) is currently obligated by any Law or contract to currently plug, dismantle or abandon; or (ii) have been plugged, dismantled, or abandoned in a manner that does not comply in all material respects with applicable Law;
(d) To Seller’s to the Seller Parties’ Knowledge, all currently producing Xxxxx and Facilities are in an operable state of repair adequate to maintain normal operations in accordance with past practices, ordinary wear and tear excepted;
(e) The Facilities include all equipment necessary for the operation of the SellerCompany-Operated Assets in the ordinary course as currently operated by Seller or its Affiliatesthe Company;
(f) Seller The applicable Company Entity has all easements, rights of way, licenses, and authorizations from Governmental Authorities necessary to access, construct, operate, maintain, and repair the Facilities in the ordinary course of business as currently conducted and in compliance with all applicable Laws; and
(g) Exhibit B contains a list of all inactive xxxxx located on the SellerCompany-Operated Assets.
Appears in 2 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement
Xxxxx and Facilities. Except as set forth on Schedule 4.25, with respect to the SellerCompany-Operated Assets (and, to Seller’s the Seller Parties’ Knowledge, with respect to the Non-Operated Assets):
(a) All Xxxxx drilled by any Company Entity or by any Seller (and, to Seller’s the Seller Parties’ Knowledge, all other Xxxxx) have been drilled and completed at legal locations and within the limits permitted by all applicable Leases, contracts, and pooling or unit agreements;
(b) No Well is subject to penalties on allowables due to overproduction or any other violation of Law;
(c) There are no Xxxxx or other Facilities located on the SellerCompany-Operated Assets (or, to Seller’s the Seller Parties’ Knowledge, on the Non-Operated Assets) that (i) Seller any Company Entity (or the operator, in the case of a Non-Operated Asset) is currently obligated by any Law or contract to currently plug, dismantle or abandon; or (ii) have been plugged, dismantled, or abandoned in a manner that does not comply in all material respects with applicable Law;
(d) To Seller’s to the Seller Parties’ Knowledge, all currently producing Xxxxx and Facilities are in an operable state of repair adequate to maintain normal operations in accordance with past practices, ordinary wear and tear excepted;
(e) The Facilities include all equipment necessary for the operation of the SellerCompany-Operated Assets in the ordinary course as currently operated by Seller or its Affiliatesthe Company;
(f) Seller The applicable Company Entity has all easements, rights of way, licenses, and authorizations from Governmental Authorities necessary to access, construct, operate, maintain, and repair the Facilities in the ordinary course of business as currently conducted and in compliance with all applicable Laws; and
(g) Exhibit B contains a list of all inactive xxxxx located on the SellerCompany-Operated Assets.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Memorial Production Partners LP)