Title Opinion Clause Examples

Title Opinion. Within one hundred twenty (120) days after the Closing, the Company shall deliver to the Senior Lenders a title opinion satisfactory to the Senior Lenders acting in their sole discretion pursuant to the Intercreditor Agreement (the "Title Opinion"), covering the specific claims subject to the patent application covering the gold deposit known as the "Crown Jewel". For purposes of clarity, the Title Opinion need not cover claims that do not cover any part of such gold deposit. If the Company does not deliver the Title Opinion to the Senior Lenders within one hundred twenty (120) days after the Closing, the Senior Lenders, acting pursuant to the Intercreditor Agreement, may give notice to the escrow agent under the Escrow Agreement requiring that the escrow agent release the funds in Escrow to the Senior Lenders. Such amounts released from Escrow shall be paid to the Senior Lenders as payments of amounts due under the Notes, such payment to be applied to principal.

Title Opinion. Seller to furnish a title binder certified to date of sale. Within fourteen (14) days after delivery of title binder, buyer shall furnish seller or their agent a written opinion from buyer’s attorney showing the defects, if any, in the above-described property. The insurance will be provided with the cost of the premium to be split equally between buyer and seller

Title Opinion. A written title opinion by Montana counsel, which concludes that [subject only to the rights and interests of ASARCO Incorporated (“Asarco”) pursuant to the Asset Purchase and Sale Agreement between it, as Seller, and Sterling Mining Company (“Sterling”, now Revett Silver Company, “Revett”), as Buyer, dated effective as of September 9, 1999, as amended (the “Asarco Agreement”), and of Kennecott Montana Company (“Kennecott”) pursuant to the Asset Purchase and Sale Agreement between it, as Seller, and Genesis and Sterling, collectively, as Buyer, dated effective February 21, 2001 (the “Kennecott Agreement”)]: (i) with respect to Properties that are patented mining claims or fee properties, Genesis owns those Properties free and clear of all liens and encumbrances, except those specifically identified in Part 2 of Exhibit A hereto; and (ii) with respect to Properties that are unpatented mining claims, except as specifically identified in Part 2 of Exhibit A hereto and subject to the paramount title of the United States: (A) location notices and certificates were properly filed and recorded in the appropriate local, state and federal records; (B) assessment work affidavits, notices of intention to hold and other filings necessary to maintain the claims through September 1, 2005 were properly filed and recorded; (C) all maintenance fees necessary to maintain the claims through September 1, 2005 have been properly paid; (D) the claims are free and clear of all liens and encumbrances, except those specifically identified in Part 2 of Exhibit A hereto; and (E) the records examined disclosed no conflicting claims.

Title Opinion. (1) Prior to the date of the first Placement Notice and (2) within five (5) Trading Days of each Representation Date described in Sections 7(l)(i) and (ii), the Company shall cause to be furnished to the Agents a written opinion of Canadian Company Counsel as to the ownership and title of the Company to the KSM Project and any such other material property and with respect to such other matters related to the transactions contemplated hereby as may be reasonably requested by the Agents.

Title Opinion. Within three (3) Trading Days of the date hereof and within three (3) Trading Days of (i) each time the Company files an annual report on Form 20-F or Form 40-F under the Exchange Act, (ii) any material change to the ownership or title of the Company to the Mining Claims in respect of the Mineral Properties or (iii) the determination by the Company that any other property is material to the Company, the Company shall cause to be furnished to the Agent a written opinion of REM Law Consultancy (or other counsel satisfactory to the Agent) as to the ownership and title of the Company to the Mining Claims in respect of the Mineral Properties and any such other material property and with respect to such other matters related to the transactions contemplated hereby as may be reasonably requested by the Agent; provided, however, that the Company shall not be required to deliver such opinion if during such period the Company is not obligated to deliver a certificate in the form attached hereto as Exhibit 7(n) as a result of a waiver from such requirement.

Title Opinion a title opinion, in form and substance acceptable to Agent in its sole discretion, regarding the before payout and after payout ownership interests held by any Loan Party, for all xxxxx located (or to be drilled) on, and otherwise as to the ownership of, such Oil and Gas Property and reflecting that Agent has a legal and valid perfected Lien (subject only to the Permitted Liens) on such Oil and Gas Property.

Title Opinion. Purchaser shall have received within ten (10) business days prior to Closing a title opinion, in a form reasonably satisfactory to Purchaser, from Purchaser's special title opinion counsel relating to the Transferred Assets.

Title Opinion. (1) Prior to the date of the first Placement Notice and (2) within five (5) Trading Days of each Representation Date with respect to which the Company is obligated to deliver a certificate pursuant to Section 7(l) for which no waiver is applicable and excluding the date of this Agreement, the Company shall cause to be furnished to the Agent a written title opinion of Xxxx, Godlonton & Gerrans (“Company Mining Counsel”), or other counsel reasonably satisfactory to the Agent with respect to material mineral properties of the Company, in form and substance reasonably satisfactory to the Agent and its counsel, substantially similar to the form previously provided to the Agent and its counsel, modified, as necessary, to relate to the Registration Statement and the Prospectus as then amended or supplemented; provided, however, the Company shall be required to furnish to Agent no more than one opinion hereunder per calendar quarter; provided, further, that in lieu of such opinions for subsequent periodic filings under the Exchange Act, counsel may furnish the Agent with a letter (a “Reliance Mining Letter”) to the effect that the Agent may rely on a prior opinion delivered under this Section 7(o) to the same extent as if it were dated the date of such letter (except that statements in such prior opinion shall be deemed to relate to the Registration Statement and the Prospectus as amended or supplemented as of the date of the Reliance Mining Letter).

Title Opinion. The Corporation will use its commercially reasonable efforts to deliver a “final” title opinion addressed to the Underwriters regarding the leasehold Marathon Properties once the necessary Crown consent to the leasehold transfers is received and registered.