Common use of Titles, etc Clause in Contracts

Titles, etc. (a) Except as set out in Schedule 7.10, Borrower and each of its Subsidiaries has good and defensible title to its Hydrocarbon Interests and good and defensible title to all other material (individually or in the aggregate) Properties, free and clear of all Liens, except Liens permitted by Section 9.02. Except as set forth in Schedule 7.10, after giving full effect to the Excepted Liens, Borrower (or a Subsidiary of Borrower) owns the working interests and net revenue interests in production attributable to the Hydrocarbon Interests reflected in the most recently delivered or updated Reserve Report, and the ownership of such Properties shall not in any material respect obligate Borrower (or its Subsidiary) to bear the costs and expenses relating to the maintenance, development and operations of each such Property in an amount in excess of the working interest of each Property set forth in the most recently delivered Reserve Report. All information contained in the most recently delivered Reserve Report is true and correct in all material respects as of the date thereof.

Titles, etc. (a) Except as set out in Schedule 7.10, each of Borrower and each of its Subsidiaries has good and defensible indefeasible title to its Hydrocarbon Interests and good and defensible title to all other material (individually or in the aggregate) PropertiesProperties comprised of real Property and has good and marketable title to and is possessed of its material (individually or in the aggregate) Properties comprised of personal Property, free and clear of all Liens, except Liens permitted by Section 9.02. Except as set forth in Schedule 7.10, after giving full effect to the Excepted Liens, Borrower (or a Subsidiary of Borrower) owns the working interests and net revenue interests in production attributable to the Hydrocarbon Interests reflected in the most recently delivered or updated Reserve Report, Report and the ownership of such Properties shall not in any material respect obligate Borrower (or its Subsidiary) to bear the costs and expenses relating to the maintenance, development and operations of each such Property in an amount in excess of the working interest of each Property set forth in the most recently delivered Reserve Report. All information contained in the most recently delivered Reserve Report is true and correct in all material respects as of the date thereof.

Titles, etc. (a) Except as set out in Schedule 7.10the title reports delivered to the Agent prior to the Closing Date, each of the Borrower and each of its the Restricted Subsidiaries has good and defensible title to its Hydrocarbon Interests and good and defensible title to all other material (individually or in the aggregate) Properties, free and clear of all Liens, Liens except Liens permitted by Section 9.02. Except as set forth in Schedule 7.10Schedules 7.10 and 9.02, after giving full effect to the Excepted Liens, the Borrower (or a Subsidiary of Borrower) each Restricted Subsidiary, as applicable, owns the working interests and net revenue interests in production attributable to the Hydrocarbon Interests reflected in the most recently delivered or updated Reserve Report, Report and the ownership of such Properties shall not in any material respect obligate the Borrower (or its Subsidiary) any Restricted Subsidiary to bear the costs and expenses relating to the maintenance, development and operations of each such Property in an amount in excess of the working interest of each Property set forth in the most recently delivered Reserve Report. All factual information contained in the most recently delivered Reserve Report is true and correct in all material respects as of the date thereof.

Titles, etc. (a) Except as set out in Schedule 7.10, each of the Borrower and each of its Subsidiaries has good and defensible indefeasible title to its Hydrocarbon Interests and good and defensible title to all other material (individually or in the aggregate) PropertiesProperties comprising real or immovable property and good and marketable title to its material (individually or in the aggregate) Properties comprising personal or moveable property, free and clear of all Liens, except Liens permitted by Section 9.02. Except as set forth in Schedule 7.10, after giving full effect to the Excepted Liens, the Borrower (or a Subsidiary of Borrower) owns the working interests and net revenue interests in production attributable to the Hydrocarbon Interests reflected in the most recently delivered or updated Reserve Report, Report and the ownership of such Properties shall not in any material respect obligate the Borrower (or its Subsidiary) to bear the costs and expenses relating to the maintenance, development and operations of each such Property in an amount in excess of the working interest of each Property set forth in the most recently delivered Reserve Report. All information contained in the most recently delivered Reserve Report is true and correct in all material respects as of the date thereof.

Titles, etc. (a) Except as set out in Schedule 7.10the title reports delivered to the Agent prior to the Closing Date, each of the Borrower and each of its the Restricted Subsidiaries has good and defensible title to its Hydrocarbon Interests and good and defensible title to all other material (individually or in the aggregate) Properties, free and clear of all Liens, Liens except Liens permitted by Section 9.02. Except as set forth in Schedule 7.10Schedules 7.10 and 7.22, after giving full effect to the Excepted Liens, the Borrower (or a Subsidiary of Borrower) each Restricted Subsidiary, as applicable, owns the working interests and net revenue interests in production attributable to the Hydrocarbon Interests reflected in the most recently delivered or updated Reserve Report, Report and the ownership of such Properties shall not in any material respect obligate the Borrower (or its Subsidiary) any Restricted Subsidiary to bear the costs and expenses relating to the maintenance, development and operations of each such Property in an amount in excess of the working interest of each Property set forth in the most recently delivered Reserve Report. All factual information contained in the most recently delivered Reserve Report is true and correct in all material respects as of the date thereof.