Title Information. The Administrative Agent shall have received title information as the Administrative Agent may reasonably require, reasonably satisfactory to the Administrative Agent, setting forth the status of title to (x) at least ninety percent (90%) of the PV-10 of the Proved Reserves of the Loan Parties evaluated in the Initial Reserve Report and (y) ninety percent (90%) or the Oil and Gas Properties described in the APOD as of the Closing Date.
Appears in 3 contracts
Sources: Senior Secured Credit Agreement (Battalion Oil Corp), Senior Secured Credit Agreement (Battalion Oil Corp), Senior Secured Credit Agreement (Battalion Oil Corp)
Title Information. The Administrative Agent shall have received title information satisfactory to it as the Administrative Agent may reasonably require, reasonably satisfactory require with respect to the Administrative Agent, setting forth the status of title to (x) at least ninety percent (90%) of the PV-10 of the Proved Reserves of the Loan Parties evaluated in the Initial Reserve Report and (y) ninety percent (90%) or the Oil and Gas Properties described evaluated in such Initial Reserve Report (it being agreed that, for solely for purposes of Section 6.01(f) on the APOD as of Effective Date, the Closing Administrative Agent has received such title information on or prior to the Effective Date).
Appears in 2 contracts
Sources: Credit Agreement (Berry Corp (Bry)), Senior Secured Term Loan Credit Agreement (Berry Corp (Bry))
Title Information. The Administrative Agent shall have received title information as the Administrative Agent may reasonably require, reasonably in form and substance satisfactory to the Administrative Agent, Agent setting forth the status of title to (x) at least ninety percent (90%) 80% of the PV-10 total Engineered Value of the Proved Reserves Oil and Gas Properties of the Loan Parties evaluated in the Initial Reserve Report and (y) ninety percent (90%) or the Oil and Gas Properties described in the APOD as of the Closing DateReport.
Appears in 2 contracts
Sources: Credit Agreement (Natural Resource Partners Lp), Credit Agreement (Natural Resource Partners Lp)
Title Information. The Administrative Agent shall have received title information satisfactory to it as the Administrative Agent may reasonably require, reasonably satisfactory require with respect to the Administrative Agent, setting forth the status of title to (x) at least ninety percent (90%) of the PV-10 of the Proved Reserves of the Loan Parties evaluated in the Initial Reserve Report and (y) ninety percent (90%) or the Oil and Gas Properties described evaluated in such Initial Reserve Report (it being agreed that, for solely for purposes of Section 4.01(f) on the APOD as of Effective Date, the Closing Administrative Agent has received such title information on or prior to the Effective Date).
Appears in 1 contract
Sources: Senior Secured Revolving Credit Agreement (Berry Corp (Bry))
Title Information. The Administrative Agent shall have received title information as the Administrative Agent may reasonably require, reasonably satisfactory to the Administrative Agent, Agent setting forth the status of title to (x) at least ninety percent (90%) 80% of the PV-10 total value of the Proved Reserves of the Loan Parties evaluated in the Initial Reserve Report and (y) ninety percent (90%) or the Oil and Gas Properties described evaluated in the APOD as of the Closing Datemost recently delivered Reserve Report.
Appears in 1 contract
Title Information. The Administrative Agent shall have received title information as the Administrative Agent may reasonably require, reasonably satisfactory to the Administrative Agent, setting forth the status of title to (x) at least ninety ninety-five percent (9095%) of the PV-10 of the Proved Reserves of the Loan Parties evaluated in the Initial Reserve Report and Report, (y) ninety ninety-five percent (9095%) or of the Oil and Gas Properties described in the APOD Capital Plan as of the Closing DateDate and (z) substantially all of the Midstream Properties of the Loan Parties.
Appears in 1 contract
Sources: Senior Secured Credit Agreement (Battalion Oil Corp)
Title Information. The Administrative Agent shall have received title information as the Administrative Agent may reasonably require, reasonably in form and substance satisfactory to the Administrative Agent, Agent setting forth the status of title to (x) at least ninety percent (90%) % of the PV-10 Minimum Mortgaged Value of the Proved Reserves Oil and Gas Properties of the Loan Parties Borrower and the Restricted Subsidiaries evaluated in the Initial Reserve Report and (y) ninety percent (90%) or the Oil and Gas Properties described in the APOD as of the Closing DateReport.
Appears in 1 contract