Compliance with Leases and Agreements. To the best of the information, knowledge and belief of the Vendor, no act or omission has occurred whereby the Vendor is, or would be, in default under the terms of the Regulations, any Lease or any agreement pertaining to the Assets;
Compliance with Leases and Agreements. Except for the payments due to Westhill Resources Ltd., the Canadian Western Bank and to the operator of the Assets, to the best of the information, knowledge and belief of the Vendor, no act or omission has occurred whereby the Vendor is, or would be, in default under the terms of the Regulations, any Lease or any agreement pertaining to the Assets;
Compliance with Leases and Agreements. (a) (i) To the best knowledge of each Mortgagor, the Leases are in full force and effect, (ii) Mortgagors have neither given to, nor received any written notice of default from, any Tenants under any Leases and (iii) to the best knowledge of each Mortgagor, except as described in the estoppel certificates delivered to Agent on or before the date hereof, no events or circumstances exist which with or without the giving of notice, the passage of time or both, may constitute a default under any of the Leases. Mortgagors will promptly notify Mortgagee upon the occurrence of any of the foregoing events.
Compliance with Leases and Agreements. To the best of the knowledge of the vendor , no act or omission has occurred whereby the vendor is, or would be, in default under the terms of the Regulations, any Lease or any agreement pertaining to the Assets, where such a default would impact materially and adversely upon the Assets, or any of them;
Compliance with Leases and Agreements. To the best of the information, ------------------------------------- knowledge and belief of the Seller, no act or omission has occurred whereby the Seller is, or would be, in default under the terms of the Regulations, any Lease or any agreement pertaining to the Assets, where such a default would impact materially and adversely upon the Assets, or any of them;
Compliance with Leases and Agreements. (a) Mortgagor represents that it has heretofore delivered to Mortgagee true and complete copies of the Material Leases and the Operating Agreements and any and all amendments or modifications thereof. Except as previously disclosed to the Mortgagee and the Rating Agencies, (i) the Leases and the Operating Agreements are in full force and effect, and (ii) Mortgagor has not given any notice of default to, and has not received any notice of default from, any Tenant under any of the Material Leases (or under any other Leases which individually or in the aggregate if in default would materially adversely affect the value of the Premises taken as a whole) or any party to any of the Operating Agreements which remains uncured. Mortgagor has complied with and performed all of its material construction, improvement and alteration obligations with respect to the Premises or the Real Estate required as of the date hereof under the Material Leases and the Operating Agreements. Mortgagor will promptly after receipt thereof deliver to Mortgagee a copy of any notice received with respect to any of the Operating Agreements or from any Tenant under any Lease covering five percent (5%) or more of the gross leasable area of the Real Estate (any such Lease, a "Material Lease"), claiming that Mortgagor is in default in the performance or observance of any of the material terms, covenants or conditions of any of the Operating Agreements or such Material Lease.
Compliance with Leases and Agreements. (a) The Mortgagor has heretofore delivered to the Beneficiary true and complete copies of all Leases, and all Agreements and any and all amendments or modifications thereof as required under the Credit Agreement. Except as disclosed in writing to Beneficiary (and which such matters do not have a Material Adverse Effect), the Leases and Agreements are in full force and effect and the Mortgagor has neither given to, nor received any written notice of default from, any Tenants under any Leases or any party to any of the Agreements, and, to the Mortgagor's knowledge, no events or circum- stances exist which with or without the giving of notice, the passage of time or both, may constitute a default under any of the Leases or Agreements. The Mortgagor will promptly notify the Beneficiary upon the occurrence of any of the foregoing events.
Compliance with Leases and Agreements. To Vendor’s knowledge, there has been no act or omission whereby it is, or would be, in default under the Regulations or any of the Title and Operating Documents, which default would reasonably be expected to have a material adverse effect on the aggregate value of the Assets;
Compliance with Leases and Agreements. To the best of the information, knowledge and belief of the Vendor, and other than as disclosed in the documents provided by the Vendor to the Purchaser for the purposes of the Purchaser conducting its due diligence in respect of the Assets, no act or omission has occurred whereby the Vendor is, or would be, in default under the terms of the Regulations, any Lease or any agreement pertaining to the Assets, where such a default would impact materially and adversely upon the Assets, or any of them;
Compliance with Leases and Agreements. Mortgagor will comply in all material respects with all of the terms, covenants and provisions, express or implied, of the Leases and the Agreements, and perform all reasonable acts necessary or proper to prevent the termination or forfeiture of any Lease by curing any default by Mortgagor under the terms of the Lease within the time allotted to Mortgagor under such Lease. Except with the prior written consent of the Bank, or except to effect extensions or renewals thereof, Mortgagor will not amend any material provision of or terminate (before the end of the stated term) any of the Agreements or surrender, abandon or release any of the Leases in whole or in part so long as any Well located in any unit containing all or any part of such Leases is capable of producing Hydrocarbons in paying or commercial quantities. Mortgagor will promptly discharge all obligations within any applicable cure period which it has to the holders of royalty and overriding royalty interests and all other interests in the Leases and other Mortgaged Properties.
