Well▇ Sample Clauses

Well▇. ▇▇ Seller's knowledge, and except as set forth on Schedule 6.2(p), all of the well▇ ▇▇ which Seller has an interest by virtue of its ownership of the Leasehold Property and which have been drilled and completed by Seller are within the boundaries of such Leasehold Property or within the limits otherwise permitted by contract, pooling or unit agreement, and by law; and, except as set forth on Schedule 6.2(p), to Seller's knowledge, no such well is subject to penalties on allowables because of any over production or any other violation of applicable Legal Requirements that would prevent such well from being entitled to its full legal and regular allowable from and after the Effective Date as prescribed by any governmental authority.

Well▇. ▇▇oducing, non-producing, shut-in, temporarily abandoned, and abandoned oil and gas well▇, ▇▇lt water disposal well▇, ▇▇jection well▇ ▇▇▇ water well▇ ▇▇▇ated on the property or property interests described in EXHIBIT "A" hereto and used in connection with the properties or interests described in subsections (a) - (f) above.

Well▇. ▇▇ the Knowledge of Aspen, all of the well▇ ("▇ell▇") ▇ocated on the Leases owned by Aspen set forth on Exhibit "C-2" have been drilled and completed substantially within the limits permitted by contract, pooling or unit agreement, and by law; and all drilling and completion of the Well▇ ▇▇▇ all related development and operations have been conducted in material compliance with all applicable laws, ordinances, rules, regulations and permits. To the Knowledge of Aspen, no Well is subject to penalties on allowable after the date hereof because of any overproduction or any other violation of applicable laws, rules, regulations, or permits or judgments, orders or decrees of any court or governmental body or agency which would have a material adverse effect on Properties taken as a whole.

Well▇. ▇▇ch Well (1) has been timely drilled under IRC 29(f)(1)(A) (drilled after December 31, 1979 but before January 1, 1993), or administrative interpretations thereof, and (2) has been timely drilled under IRC 29(c)(2)(B)(ii) or administrative interpretations thereof, or was committed to interstate commerce (as defined in Section 2(18) of the Natural Gas Policy Act of 1978, as in effect on November 5, 1990) as of April 20, 1977.

Well▇. ▇uring any period operated by the La/Cal ▇▇ ▇▇▇ties, as applicable, and to the knowledge of such La/Cal ▇▇ ▇▇▇ty, during other periods (a) all of the Well▇ ▇▇▇e been drilled and completed within the boundaries of the area described in the Leases or within the limits otherwise permitted by contract, pooling or unitization agreement and by applicable law and (b) all such Well▇ ▇▇▇e been produced in compliance with allowables allocated thereto by the applicable governmental authority, except as set forth in Schedule 5.19. All of such scheduled violations, taken together, would not and could not reasonably be expected to have a Material Adverse Effect on the Assets. As used herein, the term "Material Adverse Effect" means a material adverse effect on the business prospects, assets, results of operations or condition (financial or otherwise) of the Assets, taken as a whole.

Well▇. ▇he well▇ ▇▇▇ntified on Exhibit "B," including the personal property, fixtures and improvements as of the Effective Date, but with all additions thereto and deletions therefrom occurring in the ordinary course of the conduct of business from the Effective Date through Closing, located upon the Lands or lands pooled therewith or appurtenant thereto, or used in the production, treatment, sale, disposal or injection of hydrocarbons, water or brine produced therefrom or attributable thereto, including, without limitation: (a) all well▇, ▇▇uipment, casing, tubing, pumps, lines, separators, wellhead and in-hole equipment, pipes, tanks, motors, pipelines, meters, regulators, gathering lines, fixtures, buildings, structures and all other oilfield equipment and material, installed and in inventory, used or useful in the operation of the Properties; (b) the equipment, materials and supplies described on Exhibit "D"; and (c) crude oil, condensate and products in storage and in pipelines.

Well▇. ▇he interest of Seller in the oil and gas well▇ ▇▇▇cribed in Exhibit 1.5 (said interest being described in Exhibit 1.5 by reference to Seller's leasehold or cost burden interest and Seller's net revenue interest).

Well▇. ▇▇ery well described on Schedule 2.01(o) is located on the Unit Area and has been drilled and completed within the Unitized Formation or within the limits otherwise permitted by contract, pooling or unit agreement and by law, and the drilling and completion of all well▇ ▇▇▇luded in the CONTRACT PROPERTIES and all development and operations on the CONTRACT PROPERTIES have been conducted in material compliance with all applicable lease and contract provisions and laws, ordinances, rules, regulations and permits of any court or governmental body or agency. No well on the CONTRACT PROPERTIES is subject to penalties on allowables after the Effective Time hereof because of any overproduction or any other violation of applicable laws, rules, regulations or permits, orders or decrees of any governmental body or agency, which would prevent such well from being entitled to its full, legal and regular allowable, from and after the date hereof, as prescribed by any court or governmental body or agency.

Well▇. (▇) The historical production figures for oil, gas and water, and revenue and cost and expense figures, relating to the Interests and provided by Terra to CMS Energy are, to the knowledge of Terra, accurate and complete in all material respects.