Common use of Title Assurances Clause in Contracts

Title Assurances. Administrative Agent shall have received title opinions and/or other title information and data acceptable to Administrative Agent covering Oil and Gas Properties that in the aggregate represent not less than 80% of the Recognized Value of all Oil and Gas Properties evaluated in the Initial Reserve Report, reflecting title to the Oil and Gas Properties of Borrower and its Subsidiaries in such Oil and Gas Properties which is acceptable to Administrative Agent;