Common use of Title Information Clause in Contracts

Title Information. (a) On or before the delivery to the Administrative Agent and the Lenders of each Reserve Report required by Section 8.11(a), the Borrower shall deliver title information in form and substance acceptable to the Administrative Agent covering enough of the Borrowing Base Properties evaluated by such Reserve Report that were not included in the immediately preceding Reserve Report, so that the Administrative Agent shall have received reasonably satisfactory title information on Hydrocarbon Interests constituting at least 85% of the PV-10 of the Borrowing Base Properties evaluated by such Reserve Report as determined by the Administrative Agent. 106

Appears in 2 contracts

Samples: Revolving Credit Agreement (Diversified Energy Co PLC), Revolving Credit Agreement (Diversified Energy Co PLC)

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Title Information. (a) On or before In connection with the delivery to the Administrative Agent and the Lenders of each Reserve Report required by Section 8.11(a5.15(a), the Borrower shall will deliver to the Administrative Agent title information in form and substance reasonably acceptable to the Administrative Agent but consistent with usual and customary standards for the geographic regions in which the Borrowing Base Properties are located covering enough of the Proved Reserves 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 PV-9 of the Borrowing Base Properties evaluated by such Reserve Report that were not included in the immediately preceding Reserve Report, so that the Administrative Agent shall have received reasonably satisfactory title information on Hydrocarbon Interests constituting at least 85% of the PV-10 of the Borrowing Base Properties evaluated by such Reserve Report as determined by the Administrative Agent. 106.

Appears in 2 contracts

Samples: Credit Agreement (Southwestern Energy Co), Credit Agreement (Southwestern Energy Co)

Title Information. (a) On or before the delivery to the Administrative Agent and the Lenders of each Reserve Report required by Section 8.11(a5.1(e), the Borrower shall will deliver title information in form and substance reasonably acceptable to the Administrative Agent covering enough of the Borrowing Base Properties evaluated by such Reserve Report Proved Reserves of the Borrower and its Subsidiaries that were not included in the immediately preceding Reserve Report, so such that the Administrative Agent shall have received received, together with title information previously delivered to the Administrative Agent, title information reasonably satisfactory title information to it on Hydrocarbon Interests constituting at least 8590% of the PV-10 Value of the Borrowing Base Properties evaluated by such Reserve Report as determined by Proved Reserves of the Administrative Agent. 106Borrower and its Subsidiaries.

Appears in 2 contracts

Samples: Credit Agreement (Mission Resources Corp), Credit Agreement (Mission Resources Corp)

Title Information. (a) On or before In connection with the delivery to the Administrative Agent and the Lenders of each Reserve Report required by Section 8.11(a8.12(a), the Borrower shall deliver title information in form and substance reasonably acceptable to the Administrative Agent covering enough of the Borrowing Base Properties evaluated by such Reserve Report that were not included in the immediately preceding Reserve Report, so that the Administrative Agent shall have received reasonably satisfactory title information on Hydrocarbon Interests constituting at least 85% of the PV-10 PV-9 of the Borrowing Base Properties evaluated by such Reserve Report as determined by the Administrative Agent. 106.

Appears in 2 contracts

Samples: Senior Secured Revolving Credit Agreement (Goodrich Petroleum Corp), Senior Secured Revolving Credit Agreement (Goodrich Petroleum Corp)

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Title Information. (a) On or before the delivery to the Administrative Agent and the Lenders of each Reserve Report required by Section 8.11(a8.12(a), to the extent requested by the Administrative Agent, the Borrower shall deliver title information in form and substance acceptable to the Administrative Agent covering enough of the Borrowing Base Properties evaluated by such Reserve Report that were not included in the immediately preceding Reserve Report, so that the Administrative Agent shall have received received, together with title information previously delivered to the Administrative Agent, reasonably satisfactory title information on Hydrocarbon Interests constituting at least eighty-five percent (85% %) of the PV-10 PV-9 of the Borrowing Base Properties evaluated by such Reserve Report as determined by the Administrative Agent. 106Properties.

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (Halcon Resources Corp)

Title Information. (a) On or before In connection with the delivery to the Administrative Agent and the Lenders of each Reserve Report required by Section 8.11(a)5.15(a) during a Borrowing Base Period, the Borrower shall will deliver to the Administrative Agent title information in form and substance reasonably acceptable to the Administrative Agent but consistent with usual and customary standards for the geographic regions in which the Borrowing Base Properties are located covering enough of the Proved Reserves 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 PV-9 of the Borrowing Base Properties evaluated by such Reserve Report that were not included in the immediately preceding Reserve Report, so that the Administrative Agent shall have received reasonably satisfactory title information on Hydrocarbon Interests constituting at least 85% of the PV-10 of the Borrowing Base Properties evaluated by such Reserve Report as determined by the Administrative Agent. 106.

Appears in 1 contract

Samples: Credit Agreement (Southwestern Energy Co)

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