Examples of Oil and Gas Interests in a sentence
Geothermal, Oil and Gas Interests Exploration, evaluation and development expenditure incurred is accumulated in respect of each current identifiable area of interest.
The Company has Good, Marketable and Defensible Title to all of its Oil and Gas Interests.
All leases relating to the Oil and Gas Interests are in full force and effect, and the Company has not received any notice of default with respect to any of such leases.
Notwithstanding anything to the contrary contained in this Agreement, except as to any Title Defects subject to Section 6.11(b) or Section 6.14(b), after Closing, Seller’s only warranty of title to the Purchased Assets shall be that, as to claims arising by, through or under Seller, Seller has Defensible Title to the Oil and Gas Interests.
Any notice that is not timely and properly given or that does not satisfy all of the foregoing shall not be a valid Title Defect Notice, and any Title Defects not included in a valid Title Defect Notice shall be deemed to be “Assumed Title Liabilities” and to have been waived or assumed by Buyer; provided, however, that Seller shall warrant in the Assignment and Xxxx of Sale that with respect to claims arising by, through or under Seller, Seller has Defensible Title to the Oil and Gas Interests.