Lease Maintenance. The Primary Leases have been properly maintained in force and effect to the present time and all production proceeds payable under any of the Primary Leases have been timely and properly paid.
Lease Maintenance. Borealis shall make all payments due under the Lease while this Agreement is in effect. All such payments shall qualify as Expenditures. Borealis shall comply with all the provisions of the Lease with respect to the conduct of operations on the Properties; provided, however, that in the event of any conflict or inconsistency between this Agreement and the Lease as between Borealis and Golden Phoenix, this Agreement shall govern.
Lease Maintenance. During the Interim Period and after Closing, Sellers shall provide notice to Buyer immediately upon its decision, but no fewer than thirty (30) days prior to Lease termination, not to take any measures to maintain a Lease which is in jeopardy of terminating. Upon receipt of such notice, Buyer shall have the option and right to take any measures necessary to perpetuate the Lease, including conducting operations as to those Retained Shallow Rights retained herein (related to that Lease) and owned by Sellers. If Seller elects not to maintain the Lease and Buyer pursuant to this Section 7.03 successfully maintains the Lease, Sellers agree to assign to Buyer all of its right, title and interest in and to those Retained Shallow Rights related to that specific Lease owned by Sellers.
Lease Maintenance. The Gothic Parties will have maintained in full force and effect all of the oil, gas and mineral leases, farmout agreements, joint development agreements, joint operating agreements and other oil and gas related interests covered by the Participation Agreement in full force and effect and will not have rejected or terminated any of such interests or breached any of the terms or conditions applicable thereto.
Lease Maintenance. Administer and maintain all Hydrocarbon leases, Division and Transfer Orders and other relevant land records, and Applicable Contracts. Receipt of Notices and other Communications. On behalf of Owner and in accordance with good operating procedures, receive, review, categorize, classify, organize, record, file and maintain as Owner Records and Data all notices, correspondence, reports, instruments, writings, agreements, documents, claims, assertions, demands, records, invoices, and other communications received by Service Provider from all operators, co-owners, purchasers under any sales contract, Governmental Authorities and other parties; on routine matters, respond to the foregoing on behalf of Owner, as appropriate. Furnish Copies of Notices and other Communications. Promptly following receipt by Service Provider, furnish to Owner a copy of any notice, correspondence, report, instrument, writing, agreement, document, assertion, record, demand, claim, petition or other filing from any legal proceeding relating to the Assets. Upon request from Owner, promptly following receipt by Service Provider, furnish to Owner copies of the following materials: proposals to drill, deepen, rework, complete, recomplete, core, log, test, treat, plug back, sidetrack, equip, or abandon any well, including a new well; any other proposal accompanied by an authorization for expenditure not included in the Development Plan and Budget; any proposed or revised division order or transfer order affecting production attributable to the Assets; any communication (such as notices of price redeterminations) that relates to potential or actual reductions in takes or in the prices or revenues received or to be received by Owner under any contract for the sale of oil, gas, or other hydrocarbons or substances; and notice of any well blowout, loss of life, material property damage, or other material loss or Emergency affecting the Assets.
Lease Maintenance. The Leases set forth on Exhibit "A" are in full force and effect as to all lands and depths described in such Leases.
Lease Maintenance. White Bear shall also assume and discharge the obligation to make all payments required under the Xxxxx Lease. More particularly, White Bear shall pay to Xxxxx annual advance minimum royalties specified in Section 1.2(b) of the Xxxxx Lease not later than September 17 of each year and provide evidence of payment to Miranda immediately thereafter.
Lease Maintenance. To the best of Seller’s knowledge, all royalties, rentals and other payments due under the Leases have been properly and timely paid, and all conditions necessary to keep the Leases in force have been fully performed.
Lease Maintenance. Administer and maintain all Hydrocarbon leases, Division and Transfer Orders and other relevant land records, and Applicable Contracts.
Lease Maintenance. Farmors shall maintain the Subject Leases in full force and effect by the payment of delay rentals, minimum annual royalties, or any other lease maintenance payments that may come due under the terms of the Subject Leases. In the event that Farmors elects not to maintain any Subject Lease by the payment of delay rentals, minimum annual royalties or any other lease maintenance payments, Farmors shall give Farmees notice thereof at least thirty (30) days prior to the date any such payment shall become due, and Farmees, at their sole election, may make any such payment, and thereafter, Farmors shall have no interest in any such Subject Lease. If Farmors elect not to make any such payment and any or all of the Subject Leases terminate, Farmors shall refund the Fee in full. Farmors agree to use reasonable care and diligence in making the payments described in this Article V, provided that Farmors shall incur no liability to Farmees for the failure to make any such payment, or any failure to make the same properly, timely, in the correct amount, to the proper Party or otherwise, for whatever reason such failure may occur. Farmors shall indemnify Farmees against claims made by any third party against Farmees for Farmors’ failure to make any such payment properly, timely, in the correct amount, to the proper Party or otherwise.
