Marketable Title definition

Marketable Title means such ownership by Seller in the Assets that, subject to and except for the Permitted Encumbrances:

Marketable Title means good and defensible title and ownership, free and clear of all mortgages, liens and encumbrances, except for Permitted Liens.

Marketable Title means such ownership by Seller in the Assets that, subject to and except for the Permitted Encumbrances, is free of restrictions that would prevent the development of Hydrocarbons from the Subject Interests consistent with current practices and:

Examples of Marketable Title in a sentence

• Should Seller be unable to convey Marketable Title as defined herein, Buyer may accept such Title as Seller can convey, or may reject the Unmarketable Title, receive back all Deposit money, and declare this Agreement null and void.

• Buyer agrees to accept title subject to: (i) utility easements serving the property, (ii) building and use restrictions of record, (iii) set back and building lines, (iv) zoning regulations, and (v) reserved and severed mineral rights, which shall not be considered objections for requirements of Marketable Title.

• Marketable Title - Title which can be readily marketed (sold) to a reasonably prudent purchaser aware of the facts and their legal meaning concerning liens and encumbrances.

• Relating to his role as Sellers’ attorney, the fraud allegations included fraudulently representing the Sellers’ ability to deliver valid escrow documents and Clear and Marketable Title, and making false statements about the Buyers’ obligation to release escrow funds.

• Evidence of title may be demonstrated by a preliminary opinion of an attorney in a form and to such extent as would satisfy the requirements of the Marketable Title Act or preliminary judicial report issued by a title insurance company.

More Definitions of Marketable Title

Marketable Title means good and indefeasible title, free and clear of all Liens other than Permitted Liens.

Marketable Title means good and marketable title, free and clear of all mortgages liens and encumbrances, except for Excepted Liens.

Marketable Title means the Properties are free and clear of all encumbrances, liens, claims, easements, rights, agreements, instruments, obligations, burdens, or defects (collectively the "Liens"), except for Permitted Encumbrances.

Marketable Title means title free and clear from reasonable doubt as to matters of law and fact such that a prudent operator of Oil and Gas Properties, advised of the facts and their legal significance, would willingly accept, and specifically includes rights to acquire title to Oil and Gas Properties from record title owners under farm-in or similar agreements that are customary in the industry and which are acceptable to prudent operators of Oil and Gas Properties.

Marketable Title shall have the meaning set forth in Section 5.3(a).

Marketable Title means an instrument of ownership with sufficient supporting documentation to demonstrate an unencumbered fee simple interest in the land. A statutory warranty deed or some lesser instrument accompanied by a title insurance policy showing ownership is vested in the names of those appearing as grantors constitutes marketable title for the purposes of this chapter.

Marketable Title means, subject to Permitted Encumbrances, a title that can be deduced from the applicable county, state and federal records and is such that: • a reasonable and prudent person engaged in the business of the ownership, exploration, development and operation of oil and gas properties with the knowledge of all the facts and their legal bearing would be willing to accept title to the Properties and • the title is free and clear from liens and encumbrances that would reduce, impair or prevent Buyer from receiving payment from the purchasers of production or which would materially impair or reduce the economic benefit Buyer could reasonably expect from acquiring the Properties.