Common use of Certain Additional Assurances Regarding Maintenance and Operations of Properties Clause in Contracts

Certain Additional Assurances Regarding Maintenance and Operations of Properties. With respect to those Oil and Gas Properties which are being operated by operators other than Borrower or any Guarantor, neither Borrower nor any Guarantor shall be obligated to perform any undertakings contemplated by the covenants and agreement contained in Subsections 12(n) or 12(o) hereof which are performable only by such operators and are beyond the control of Borrower or any Guarantor; however, Borrower agrees that it shall, and shall cause each Guarantor to agree to, promptly take all reasonable actions available under any operating agreements or otherwise to bring about the performance of any such material undertakings required to be performed thereunder.

Appears in 1 contract

Samples: Credit Agreement (Southwest Royalties Inc)

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Certain Additional Assurances Regarding Maintenance and Operations of Properties. With respect to those Oil and Gas Properties which are being operated by operators other than each Borrower or any Guarantor, neither Borrower nor any Guarantor shall be obligated to perform any undertakings contemplated by the covenants and agreement contained in Subsections 12(n) or 12(o) hereof which are performable only by such operators and are beyond the control of either Borrower or any Guarantor; however, each Borrower agrees that it shall, and shall cause each Guarantor agrees to agree to, promptly take all reasonable actions available under any operating agreements or otherwise to bring about the performance of any such material undertakings required to be performed thereunder.

Appears in 1 contract

Samples: Credit Agreement (Exco Resources Inc)

Certain Additional Assurances Regarding Maintenance and Operations of Properties. With respect to those Oil and Gas Properties which are being operated by operators other than the Borrower or any Subsidiary Guarantor, neither the Borrower nor any Subsidiary Guarantor shall be obligated to perform any undertakings contemplated by the covenants and agreement contained in Subsections 12(nSection 12(m) or 12(o12(n) hereof which are performable only by such operators and are beyond the control of the Borrower or any Subsidiary Guarantor; however, the Borrower and each Subsidiary Guarantor agrees that it shall, and shall cause each Guarantor to agree to, promptly take all reasonable actions available under any operating agreements or otherwise to bring about the performance of any such material undertakings required to be performed thereunder.

Appears in 1 contract

Samples: Credit Agreement (Exco Resources Inc)

Certain Additional Assurances Regarding Maintenance and Operations of Properties. With respect to those Oil and Gas Properties which are being operated by operators other than any Borrower or any Subsidiary Guarantor, neither Borrower none of the Borrowers nor any Subsidiary Guarantor shall be obligated to perform any undertakings contemplated by the covenants and agreement contained in Subsections Section 12(n) or 12(o) hereof which are performable only by such operators and are beyond the control of Borrower the Borrowers or any Subsidiary Guarantor; however, each Borrower and each Subsidiary Guarantor agrees that it shall, and shall cause each Guarantor to agree to, promptly take all reasonable actions available under any operating agreements or otherwise to bring about the performance of any such material undertakings required to be performed thereunder.

Appears in 1 contract

Samples: Credit Agreement (Exco Resources Inc)

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Certain Additional Assurances Regarding Maintenance and Operations of Properties. With respect to those Oil and Gas Properties which are being operated by operators other than the Borrower or any a Guarantor, neither Borrower nor any Guarantor shall be obligated to perform any undertakings contemplated by the covenants and agreement contained in Subsections 12(n) or 12(o) hereof which are performable only by such operators and are beyond the control of Borrower or any such Guarantor; however, Borrower agrees that it shallto promptly take, and shall or cause each Guarantor to agree tobe taken, promptly take all reasonable actions available under any operating agreements or otherwise to bring about the performance of any such material undertakings required to be performed thereunder.

Appears in 1 contract

Samples: Credit Agreement (Range Resources Corp)

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