No Drilling. Grantor will not, without the prior written consent of Beneficiary, permit any drilling or exploration for or extraction, removal, or production of, any Minerals from the surface or subsurface of the Land regardless of the depth thereof or the method of mining or extraction thereof.
No Drilling. Borrower will not, without the prior written consent of Lender, permit any drilling or exploration for or extraction, removal, or production of, any Minerals from the surface or subsurface of the Land regardless of the depth thereof or the method of mining or extraction thereof; provided, however, extraction of Minerals from the subsurface of the Land shall not be deemed to violate this Section 5.2 so long as such extraction is done from an offsite location consistent with all legal requirements and in a manner such that no material negative effect or danger whatsoever occurs with respect to the surface of the Mortgaged Property.
No Drilling. Borrower will not, without the prior written consent of Lender, permit any drilling or exploration for or extraction, removal, or production of, any Minerals from the surface or subsurface of the Land regardless of the depth thereof or the method of mining or extraction thereof.
No Drilling. El Paso shall use reasonable efforts to commence all timely proposed Commitment Wells on or before December 31, 2004; provided however, El Paso shalx xxx be liable to Participant for any damages or liabilities for El Paso's failure to timely commence a Commitment Well for any reason or no reason at all. If a timely proposed Commitment Well is not commenced on or before December 31, 2004, then the term of this Agreement INSOFAR AND ONLY INSOFAR as it relates to the Prospect in which such Commitment Well is located shall automatically be extended to June 1, 2005. If Participant had made a payment of the Estimated Drilling Costs for a Commitment Well which was not commenced on or before December 31, 2004, then El Paso shall either (i) deliver to Participant notice that El Paso will commence the drilling of such Commitment Well on or before February 1, 2005, or (ii) notify Participant that El Paso shall refund such Estimated Drilling Costs to Participant upon the reassignment of the Leases in the Prospect for such Commitment Well that had been conveyed to Participant by El Paso. If El Paso does not commence such Commitment Well on or before February 1, 2005, then, pending the actual commencement of such Commitment Well, El Paso shall refund such Estimated Drilling Costs to Participant upon the reassignment of the Leases in the Prospect for such Commitment Well that had been conveyed to Participant by El Paso. If a timely proposed Commitment Well is not commenced on or before June 1, 2005, then El Paso will so notify Participant and (i) El Paso shall refund to Participant any Estimated Drilling Costs paid by Participant on such Commitment Well which had not been previously refunded (ii) Participant shall reassign the Leases in the Prospect for such Commitment Well that had been conveyed to Participant by El Paso, and (iii) the Prospect in which such Commitment Well is located will be no longer subject to this Agreement and Participant shall have no further rights to earn any interest in such Prospect. If an Operating Agreement covering such Prospect had been executed by the Parties, then such Operating Agreement shall automatically terminate and be null and void.
No Drilling. Water xxxxx shall not be drilled or permitted on any Lot, regardless of potential injury. Extractive industry, including oil, gas, or other mineral drilling and development, is expressly prohibited throughout the Subdivision.
