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Title Matters
Title Matters contract clause examples

Title. The Executive shall initially have the title of Executive Vice President, Chief Commercial Officer of the Company and shall serve in such other capacity or capacities as the Company may from time to time prescribe and to which the Executive agrees. The Executive shall report to the President and Chief Executive Officer.

Title. Each of Holdings and its Subsidiaries has # good, marketable and legal title to (in the case of fee interests in real property), # valid leasehold interests in (in the case of leasehold interests in real or personal property), and # good title to (in the case of all other personal property), all of their respective properties and assets reflected in the most recent financial statements delivered to the Administrative Agent, in each case except for assets disposed of # since the date of such financial statements and prior to the Closing Date in the ordinary course of business or # as otherwise permitted under Section 7.09 and except for such defects that neither individually nor in the aggregate could reasonably be expected to have a Material Adverse Effect. All such properties and assets are free and clear of Liens other than Permitted Liens.

Title. With respect to each Seller, other than the Lubbock Seller, such Seller’s respective Company owns fee simple title to such Company’s Real Property free and clear of liens, mortgages or deeds of trust, claims against title, charges which are liens, security interests or other encumbrances on title, except as shown in the applicable Title Commitment for such Real Property. With respect to the Lubbock Seller only, the Lubbock Company owns leasehold title to such Company’s Real Property free and clear of liens, mortgages or deeds of trust, claims against title, charges which are liens, security interests or other encumbrances on title, except as shown in the applicable Title Commitment.

Title. Title to the Property shall have been found acceptable, or been made acceptable on or before the Closing Date, in accordance with the requirements and terms of Section 6 of this Agreement.

Title Matters. Seller shall not do anything, nor authorize anything to be done, which would affect the condition of title as shown on the Title Commitment without Purchaser’s prior consent, such consent may be granted or withheld in Purchaser’s sole discretion unless Seller is required to take such action in order to comply with laws, codes, regulations or ordinances affecting the Premises and for which Seller has received a written notice from an applicable governmental agency or authority of the necessity to take such action, in which event Seller shall provide notice of the same to Purchaser.

Title. Borrower has good and marketable title in fee simple to the Property, free and clear of any liens, charges, encumbrances, security interests and adverse claims whatsoever, except for the matters, if any, listed as exceptions in that certain Chicago Title Insurance Company (“Title Agent”), bearing Commitment Number 5271-2200335 522200282SS, in favor of Lender, and acceptable to reasonably Lender, as amended and delivered to Lender on the date hereof and subject only to that certain written lease agreements between Borrower and Tenants (the “Permitted Encumbrances”).

Title Matters. Upon reasonable request of Administrative Agent, the Borrower will furnish Administrative Agent with title opinions and/or title information, to the extent the same are in the possession of Borrower, reasonably satisfactory to Administrative Agent showing defensible title of Borrower to at least eighty percent (80%) or such lesser percentage approved by Administrative Agent in writing (the “Required Title Percentage”) of the Oil and Gas Properties covered by the Collateral Documents, subject only to the Permitted Liens. As to any Oil and Gas Properties hereafter mortgaged to Lenders, Borrower will promptly (but in no event more than thirty (30) days following such request), upon request furnish Administrative Agent with title opinions and/or title information, to the extent the same are in the possession of Borrower, reasonably satisfactory to Administrative Agent covering a sufficient value of such Oil and Gas Properties to maintain the Required Title Percentage of the aggregate Engineered Value of the Oil and Gas Properties. Said title information shall show defensible title of the applicable Borrower to such Oil and Gas Properties subject only to Permitted Liens; and Administrative Agent may exclude any Oil and Gas Property from the Borrowing Base if it is subject to a material title issue not cured by Borrower within a reasonable time. As used in this Agreement, “defensible title” shall mean such title as is customarily accepted in the oil and gas industry by purchasers of, or lenders secured by, properties similar to the Oil and Gas Properties as having defects in title not reasonably likely to result in a Material Adverse Effect upon the Engineered Value of the Oil and Gas Properties

Title. Except for Permitted Liens or as set forth on [Schedule 3.9.2(a)], or the requirement of obtaining the other party’s consent with regard to the Assumed Contracts that are not material # the Acquired Assets that are owned by Seller are free and clear of all Liens as of Closing, and # there exists no condition as of Closing affecting the title to any part of the Acquired Assets owned by the Seller which would prevent Buyer from using or enforcing its rights with respect to any part of the Acquired Assets to the same extent that Seller could continue to do so if the transactions contemplated hereby did not take place.

Title Matters. Upon reasonable request of Administrative Agent, the Borrower will furnish Administrative Agent with title opinions and/or title information, to the extent the same are in the possession of Borrower, reasonably satisfactory to Administrative Agent showing defensible title of Borrower to such Oil and Gas Properties reasonably required by Administrative Agent and subject only to the Permitted Liens. As to any Oil and Gas Properties hereafter mortgaged to Lenders, Borrower will promptly (but in no event more than thirty (30) days following such request), upon request furnish Administrative Agent with title opinions and/or title information, to the extent the same are in the possession of Borrower, reasonably satisfactory to Administrative Agent covering a sufficient value of such Oil and Gas Properties to maintain a level of title coverage deemed necessary by Lenders of the Engineered Value of the total Oil and Gas Properties. Said title information shall show defensible title of the applicable Borrower to such Oil and Gas Properties subject only to Permitted Liens. As used in this Agreement, “defensible title” shall mean such title as is customarily accepted in the oil and gas industry by purchasers of, or lenders secured by, properties similar to the Oil and Gas Properties as having defects in title not reasonably likely to result in a Material Adverse Effect upon the Engineered Value of the Oil and Gas Properties

Title. Each of Company and its Subsidiaries has # good, sufficient and legal title to (in the case of fee interests in real property), # valid leasehold interests in (in the case of leasehold interests in real or personal property), # valid licensed rights in (in the case of licensed interests in Intellectual Property), and # good title to (in the case of all other personal property), all of their respective properties and assets reflected in their respective Historical Financial Statements referred to in [Section 4.7] and in the most recent financial statements delivered pursuant to Section 5.1, in each case except for assets disposed of since the date of such financial statements in the ordinary course of business or as otherwise permitted under Section 6.9. Except as permitted by this Agreement, all such properties and assets are free and clear of Liens.

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