Defensible Title definition

Defensible Title means, with respect to a given Asset, such ownership by Seller in that Asset that, subject to and except for Permitted Encumbrances:

Defensible Title means such title of Seller that, subject to and except for the Permitted Encumbrances:

Defensible Title means such title to each Property that, subject to and except for Permitted Encumbrances:

Examples of Defensible Title in a sentence

• The term “Title Defect,” as used in this Agreement, means any encumbrance, encroachment, irregularity, defect in or objection to Seller’s ownership of any Asset (excluding Permitted Encumbrances) that causes Seller not to have Defensible Title to that Asset.

• The Company has Good, Marketable and Defensible Title to all of its Oil and Gas Interests.

• A Quick Ratio of least (x) 1.25 to 1.00, from the Closing Date through February 28, 2013; (y) 1.10 to 1.00 from March 1, 2013 through June 30, 2013; and (z) 1.00 to 1.00 from and after July 1, 2013.

• This Assignment is made, executed and delivered without warranty of title, either express or implied, except that Assignor specially warrants to Defensible Title to the Assets by, through and under Seller and its Affiliates, and agrees to defend such Defensible Title to the Assets against the claims and demands of all Persons claiming by, through or under Assignor or its Affiliates, but not otherwise.

• Each Credit Party is the lawful owner of, has Defensible Title to and is in lawful possession of, or has valid leasehold interests in, all material properties and other assets (real or personal, tangible, intangible or mixed) purported or reported to be owned or leased (as the case may be) by such Person, except as may have been disposed of in the Ordinary Course of Business or otherwise in compliance with the terms hereof.

More Definitions of Defensible Title

Defensible Title means such right, title and interest that is (a) evidenced by an instrument or instruments filed of record in accordance with the conveyance and recording laws of the applicable jurisdiction to the extent necessary to prevail against competing claims of bona fide purchasers for value without notice, and (b) subject to Permitted Encumbrances, free and clear of all Liens, claims, infringements, burdens and other defects.

Defensible Title as defined in Section 4.02(a).

Defensible Title means, as of the date of this Agreement and the Closing Date, with respect to the Oil and Gas Properties, such record title and ownership by Seller that:

Defensible Title shall have the meaning given that term in Section 4.05.

Defensible Title subject to and except for the Permitted Encumbrances (as hereinafter defined), means:

Defensible Title means, as to the Assets, such title to the Assets that vests the applicable Entity with indefeasible title in and to the Assets free and clear of Liens other than Permitted Encumbrances.

Defensible Title means the title of Seller in and to each Lease, Well or Well Location, subject to and except for the Permitted Encumbrances: