Title Information. On or before the delivery to the Administrative Agent and the Lenders of each Reserve Report required by Section 7.02(e), the Company will deliver title information in form and substance acceptable to the Administrative Agent covering enough of the Oil and Gas Properties evaluated by such Reserve Report that were not included in the immediately preceding Reserve Report, so that the Administrative Agent shall have received together with title information previously delivered to the Administrative Agent, satisfactory title information on at least 80% of the total net present value (determined by a discount factor of 10%) of the proved Oil and Gas Properties evaluated by such Reserve Report.
Appears in 3 contracts
Sources: Debt Agreement (Breitburn Energy Partners LP), Credit Agreement (Breitburn Energy Partners LP), Credit Agreement (BreitBurn Energy Partners L.P.)
Title Information. (a) On or before the delivery to the Administrative Agent and the Lenders of each Reserve Report required by Section 7.02(e)8.11, to the extent requested by the Administrative Agent, the Company Borrower will deliver title information in form and substance reasonably acceptable to the Administrative Agent covering enough of the Oil and Gas Properties evaluated by such Reserve Report that were not included in the immediately preceding Reserve Report, so that the Administrative Agent shall have received together with title information previously delivered to the Administrative Agent, reasonably satisfactory title information on at least 80% of the total net present value (determined by a discount factor of 10%) of the proved Oil and Gas Properties evaluated by such Reserve Report.
Appears in 2 contracts
Sources: Credit Agreement (Riviera Resources, LLC), Credit Agreement (Linn Energy, Inc.)
Title Information. On or before the delivery to the Administrative Agent and the Revolving Credit Lenders of each Reserve Report required by Section 7.02(e9.12(a), the Company Borrower will deliver title information in form and substance acceptable to the Administrative Agent covering enough of the Oil and Gas Properties evaluated by such Reserve Report that were not included in the immediately preceding Reserve Report, so that the Administrative Agent shall have received together with title information previously delivered to the Administrative Agent, satisfactory title information on at least 80% of the total net present value (determined by a discount factor of 10%) of the proved Oil and Gas Properties evaluated by such Reserve ReportReport and which are required to be Mortgaged Properties hereunder.
Appears in 2 contracts
Sources: Credit Agreement (RSP Permian, Inc.), Credit Agreement (RSP Permian, Inc.)
Title Information. On or before the delivery to the Administrative Agent and the Lenders of each Reserve Report required by Section 7.02(e5.13(a), the Company Borrower will deliver title information in form and substance reasonably acceptable to the Administrative Agent covering enough of the Oil and Gas Properties evaluated by such Reserve Report that were not included in the immediately preceding Reserve Report, so that as requested by the Administrative Agent shall have received together with title information previously delivered to the Administrative Agent, satisfactory title information on at least 80% of the total net present value (determined by a discount factor of 10%) of the proved Oil and Gas Properties evaluated by such Reserve Report.which in any event
Appears in 1 contract
Sources: Credit Agreement (Ring Energy, Inc.)
Title Information. On or before the delivery to the Administrative Agent and the Lenders of each Reserve Report required by Section 7.02(e8.12(a), the Company Borrower will deliver title information in form and substance acceptable to the Administrative Agent covering enough of the proved Oil and Gas Properties evaluated by such Reserve Report that were not included in the immediately preceding Reserve Report, so that the Administrative Agent shall have received together with title information previously delivered to the Administrative Agentdelivered, satisfactory title information on at least 80% of the total net present value (determined by a discount factor of 10%) of the proved Oil and Gas Properties evaluated by such Reserve Report.
Appears in 1 contract
Sources: Second Lien Term Loan Credit Agreement (Magnum Hunter Resources Corp)
Title Information. (a) On or before the delivery to the Administrative Agent and the Lenders of each Reserve Report required by Section 7.02(e8.12(a) and Section 8.12(b), the Company Borrower will deliver title information in form and substance acceptable to the Administrative Agent covering enough of the Oil and Gas Properties evaluated by such Reserve Report that were not included in the immediately preceding Reserve Report, so that the Administrative Agent shall have received together with title information previously delivered to the Administrative Agent, satisfactory title information on at least 8090% of the total net present value (determined by a discount factor of 10%) of the proved Oil and Gas Properties evaluated by such Reserve Report.
Appears in 1 contract
Sources: Credit Agreement (Dune Energy Inc)
Title Information. (a) On or before the delivery to the Administrative Agent and the Lenders of each Reserve Report required by Section 7.02(e8.07(a), the Company Borrower will deliver title information in form and substance acceptable to the Administrative Agent covering enough of the Oil and Gas Properties evaluated by such Reserve Report that were not included in the immediately preceding Reserve Report, so that the Administrative Agent shall have received together with title information previously delivered to the Administrative Agent, satisfactory title information on at least 80% of the total net present value (determined by a discount factor of 10%) of the proved Oil and Gas Properties evaluated by such Reserve Report.
Appears in 1 contract
Title Information. On or before the delivery to the Administrative Agent and the Lenders of each Reserve Report required by Section 7.02(e)8.12 and at such other times as Agent shall request, the Company Borrower will deliver title information in form and substance acceptable to the Administrative Agent covering enough of the Oil and Gas Properties evaluated by such Reserve Report that were not included in the immediately preceding Reserve Report, so that the Administrative Agent shall have received together with title information previously delivered to the Administrative Agent, satisfactory title information on at least 80% of the total net present value (determined by a discount factor of 10%) Recognized Value of the proved Oil and Gas Properties evaluated by such Reserve Report.
Appears in 1 contract
Title Information. On or before the delivery to the Administrative Agent and the Lenders of each Reserve Report required by Section 7.02(e8.12(a), the Company Borrower will deliver title information in form and substance acceptable to the Administrative Agent covering enough of the Oil and Gas Properties evaluated by such Reserve Report that were not included in the immediately preceding Reserve Report, so that the Administrative Agent shall have received together with title information previously delivered to the Administrative Agent, satisfactory title information on at least 80% of the total net present value (determined by a discount factor of 10%) Recognized Value of the proved Oil and Gas Properties evaluated by such Reserve Report.
Appears in 1 contract
Title Information. On or before the delivery to the Administrative Agent and the Lenders of each Reserve Report required by Section 7.02(e)8.12, the Company Parent Guarantor and the Borrower will deliver title information in form and substance acceptable to the Administrative Agent covering enough of the Oil and Gas Properties evaluated by such Reserve Report that were not included in the immediately preceding Reserve Report, so that the Administrative Agent shall have received together with title information previously delivered to the Administrative Agent, satisfactory title information on at least 80% of the total net present value (determined by a discount factor of 10%) of the proved Oil and Gas Properties evaluated by such Reserve Report.
Appears in 1 contract
Title Information. On or before the delivery to the Administrative Agent and the Lenders of each Reserve Report required by Section 7.02(e9.12(a) and Section 9.12(a), the Company Borrower will deliver title information in form and substance acceptable to the Administrative Agent covering enough of the Oil and Gas Properties evaluated by such Reserve Report that were not included in the immediately preceding Reserve Report, so that the Administrative Agent shall have received together with title information previously delivered to the Administrative Agent, satisfactory title information on at least 8095% of the total net present value (determined by a discount factor of 10%) of the proved Oil and Gas Properties evaluated by such Reserve Report.
Appears in 1 contract
Title Information. On or before the delivery to the Administrative Agent and the Lenders of each Reserve Report required by Section 7.02(e8.11(a), the Company Borrower will deliver title information in form and substance acceptable to the Administrative Agent covering enough of the Oil and Gas Properties evaluated by such Reserve Report that were not included in the immediately preceding Reserve Report, so that the Administrative Agent shall have received together with title information previously delivered to the Administrative Agent, satisfactory title information reasonably satisfactory to the Administrative Agent on at least 8090% of the total net present value (determined by a discount factor of 10%) of the proved Oil and Gas Properties evaluated by such Reserve Report.
Appears in 1 contract
Sources: Credit Agreement (Berry Corp (Bry))
Title Information. (a) On or before the delivery to the Administrative Agent and the Lenders of each Reserve Report required by Section 7.02(e8.12(a), the Company Borrower will deliver title information in form and substance acceptable to the Administrative Agent covering enough of the Oil and Gas Properties evaluated by such Reserve Report that were not included in the immediately preceding Reserve Report, so that the Administrative Agent shall have received together with title information previously delivered to the Administrative Agent, satisfactory title information on at least 80% of the total net present value (determined by a discount factor of 10%) of the proved Oil and Gas Properties evaluated by such Reserve Report.
(b) If the Borrower has provided title information for additional Properties under Section
Appears in 1 contract