Common use of Improved Real Estate Clause in Contracts

Improved Real Estate. To the knowledge of each Loan Party, the Oil and Gas Properties that are not Mortgaged Properties do not include any “buildings” (as defined under Section 4000 et. Seq. of the National Flood Insurance Reform Act of 1994, as amended) that are critical to operating any Mortgaged Properties for the exploration and production of oil and gas.

Appears in 3 contracts

Samples: Credit Agreement (Breitburn Energy Partners LP), Credit Agreement (Breitburn Energy Partners LP), Credit Agreement (BreitBurn Energy Partners L.P.)

AutoNDA by SimpleDocs

Improved Real Estate. To the knowledge of each Loan Breitburn Party, the Oil and Gas Properties that are not Mortgaged Properties do not include any “buildings” (as defined under Section 4000 et. Seqseq. of the National Flood Insurance Reform Act of 1994, as amended) that are critical to operating any Mortgaged Properties for the exploration and production of oil and gas.

Appears in 2 contracts

Samples: Purchase Agreement (Breitburn Energy Partners LP), Purchase Agreement (Breitburn Energy Partners LP)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.