Common use of Agreement to Deliver Security Documents Clause in Contracts

Agreement to Deliver Security Documents. The Loan Parties agree to deliver to further secure the Obligations whenever requested by the Administrative Agent in its sole and absolute discretion, deeds of trust, mortgages, chattel mortgages, security agreements, financing statements and other Security Documents in form and substance reasonably satisfactory to the Administrative Agent for the purpose of granting, confirming, and perfecting first and prior liens or security interests in all Oil and Gas Properties now owned or hereafter acquired by the Loan Parties, as applicable, subject to Permitted Liens. The Loan Parties also agree to deliver where applicable, to deliver whenever requested by the Lenders, title opinions from legal counsel acceptable to the Lenders or such other evidence of title satisfactory to the Lenders with respect to the Mortgaged Properties designated by the Lenders, based upon abstract or record examinations to dates acceptable to the Lenders and (a) stating that the Loan Party, as applicable, has good and defensible title to such properties and interests, free and clear of all Liens except Permitted Liens, (b) confirming that such Oil and Gas Properties are subject to Security Documents securing the Obligations that constitute and create legal, valid and duly perfected deed of trust or mortgage liens in such Oil and Gas Properties and assignments of and security interests in the Oil and Gas attributable to such Oil and Gas Properties and the proceeds thereof, in each case subject only to Permitted Liens, and (c) covering such other matters as the Lenders may reasonably request.

Agreement to Deliver Security Documents. The Loan Parties agree to deliver to further secure the Obligations whenever reasonably requested by the Administrative Agent in its sole and absolute discretion, deeds of trust, mortgages, chattel mortgages, security agreements, financing statements and other Security Documents in form and substance reasonably satisfactory to the Administrative Agent for the purpose of granting, confirming, and perfecting first and prior liens or security interests in on substantially all assets of Parent, the Company and their present and future Subsidiaries, including Oil and Gas Properties now owned or hereafter acquired representing not less than 80% of the total net present value (determined by a discount factor of 10%) of the Loan Parties, as applicable, subject to Permitted LiensOil and Gas Properties evaluated in the most recently delivered Reserve Report. The Loan Parties also agree to deliver where applicable, to deliver whenever reasonably requested by the LendersAdministrative Agent, title opinions from legal counsel reasonably acceptable to the Lenders Administrative Agent or such other evidence of title reasonably satisfactory to the Lenders Administrative Agent with respect to the Mortgaged Properties designated by the LendersAdministrative Agent, based upon abstract or record examinations to dates reasonably acceptable to the Lenders Administrative Agent and (a) stating that the Loan Party, as applicable, has good and defensible title to such properties and interests, free and clear of all Liens except Permitted Liens, (b) confirming that such Oil and Gas Properties are subject to Security Documents securing the Obligations that constitute and create legal, valid and duly perfected deed of trust or mortgage liens in such Oil and Gas Properties and assignments of and security interests in the Oil and Gas attributable to such Oil and Gas Properties and the proceeds thereof, in each case subject only to Permitted Liens, and (c) covering such other matters as the Lenders Administrative Agent may reasonably request.

Agreement to Deliver Security Documents. The Loan Parties agree to deliver to further secure the Obligations whenever requested by the Administrative Agent in its sole and absolute discretion, deeds of trust, mortgages, chattel mortgages, security agreements, financing statements and other Security Documents in form and substance reasonably satisfactory to the Administrative Agent for the purpose of granting, confirming, and perfecting first and prior liens or security interests in on substantially all assets of Parent, the Company and their present and future Subsidiaries, including Oil and Gas Properties now owned or hereafter acquired representing not less than 80% of the total present value (determined by a discount factor of 10%) of the Loan Parties, as applicable, subject to Permitted LiensOil and Gas Properties evaluated in the most recently delivered Reserve Report. The Loan Parties also agree to deliver where applicable, to deliver whenever requested by the Lenders, title opinions from legal counsel reasonably acceptable to the Lenders or such other evidence of title reasonably satisfactory to the Lenders with respect to the Mortgaged Properties designated by the Lenders, based upon abstract or record examinations to dates reasonably acceptable to the Lenders and (a) stating that the Loan Party, as applicable, has good and defensible title to such properties and interests, free and clear of all Liens except Permitted Liens, (b) confirming that such Oil and Gas Properties are subject to Security Documents securing the Obligations that constitute and create legal, valid and duly perfected deed of trust or mortgage liens in such Oil and Gas Properties and assignments of and security interests in the Oil and Gas attributable to such Oil and Gas Properties and the proceeds thereof, in each case subject only to Permitted Liens, and (c) covering such other matters as the Lenders may reasonably request.

Agreement to Deliver Security Documents. The Loan Parties agree Company and each Guarantor agrees to deliver deliver, to further secure the Obligations whenever requested by the Administrative Agent in its sole and absolute discretion, deeds of trust, mortgages, chattel mortgages, security agreements, financing statements and other Security Documents in form and substance reasonably satisfactory to the Administrative Agent for the purpose of granting, confirming, and perfecting first and prior liens or security interests in all Oil and Gas Properties now owned or hereafter acquired by the Loan Parties, as applicableCompany or any Guarantor, subject to Permitted Liens. The Loan Parties Company and each Guarantor also agree agrees to deliver where applicabledeliver, to deliver whenever requested by the Lenders, title opinions from legal counsel acceptable to the Lenders or such other evidence of title satisfactory to the Lenders with respect to the Mortgaged Properties designated by the Lenders, based upon abstract or record examinations to dates acceptable to the Lenders and (a) stating that the Loan Party, as applicable, applicable member of the Borrower Group has good and defensible title to such properties and interests, free and clear of all Liens except Permitted Liens, (b) confirming that such Oil and Gas Properties are subject to Security Documents securing the Obligations that constitute and create legal, valid and duly perfected deed of trust or mortgage liens in such Oil and Gas Properties and assignments of and security interests in the Oil and Gas attributable to such Oil and Gas Properties and the proceeds thereof, in each case subject only to Permitted Liens, and (c) covering such other matters as the Lenders may reasonably request.

Agreement to Deliver Security Documents. The Loan Parties agree to deliver to further secure the Obligations whenever requested by the Administrative Agent in its sole and absolute discretion, deeds of trust, mortgages, chattel mortgages, security agreements, financing statements and other Security Documents in form and substance reasonably satisfactory to the Administrative Agent for the purpose of granting, confirming, and perfecting first and prior liens or security interests in on substantially all assets of Parent, the Company and their present and future Subsidiaries, including Oil and Gas Properties representing not less than 80% of the total value of all Oil and Gas Properties now owned or hereafter acquired by the Loan Parties, as applicable, subject to Permitted Liens. The Loan Parties also agree to deliver where applicable, to deliver whenever requested by the Lenders, title opinions from legal counsel reasonably acceptable to the Lenders or such other evidence of title reasonably satisfactory to the Lenders with respect to the Mortgaged Properties designated by the Lenders, based upon abstract or record examinations to dates reasonably acceptable to the Lenders and (a) stating that the Loan Party, as applicable, has good and defensible title to such properties and interests, free and clear of all Liens except Permitted Liens, (b) confirming that such Oil and Gas Properties are subject to Security Documents securing the Obligations that constitute and create legal, valid and duly perfected deed of trust or mortgage liens in such Oil and Gas Properties and assignments of and security interests in the Oil and Gas attributable to such Oil and Gas Properties and the proceeds thereof, in each case subject only to Permitted Liens, and (c) covering such other matters as the Lenders may reasonably request.,

Agreement to Deliver Security Documents. The Loan Parties agree Borrower agrees to notify the Lender of any additional interests acquired by Borrower or any Subsidiary in Oil and Gas Properties or other Collateral and to deliver to the Lender to further secure the Obligations whenever requested by the Administrative Agent in its sole and absolute discretionObligations, deeds of trust, mortgages, chattel mortgages, security agreements, financing statements statements, letters in lieu of production, and other Security Documents in form and substance reasonably satisfactory to the Administrative Agent Lender covering all of the Collateral, for the purpose of granting, confirming, and perfecting first and prior liens Liens or security interests in all Oil and Gas Properties now owned or hereafter acquired by the Loan Partiesinterests. Borrower also agrees to deliver, as applicable, subject to Permitted Liens. The Loan Parties also agree to deliver where applicable, to deliver whenever requested by the LendersLender, favorable title opinions from legal counsel acceptable to the Lenders Lender or such other evidence of title satisfactory to the Lenders Lender with respect to the Mortgaged Oil and Gas Properties designated by the LendersLender, based upon abstract or record examinations to dates acceptable to the Lenders and Lender, (a) stating evidencing that the Loan Party, as applicable, Borrower has good and defensible title to such properties Oil and interestsGas Properties, free and clear of all Liens except Permitted Liens, (b) confirming that such Oil and Gas Properties are subject to Liens granted under Security Documents securing the Obligations that and such Security Documents constitute and create legal, valid and duly perfected first deed of trust or mortgage liens Liens in such Oil and Gas Properties and first priority assignments of and security interests in the Oil and Gas attributable to such Oil and Gas Properties and the proceeds thereof, in each case subject only to Permitted Liens, and (c) covering such other matters as the Lenders Lender may reasonably request.

Agreement to Deliver Security Documents. The Loan Parties agree Borrower agrees to deliver and to cause its Subsidiaries to deliver, to further secure the Obligations whenever requested by the Administrative Agent Lender in its sole and absolute discretion, deeds of trust, mortgages, chattel mortgages, security agreements, financing statements and other Security Documents in form and substance reasonably satisfactory to the Administrative Agent Lender for the purpose of granting, confirming, and perfecting first and prior liens or security interests in all Oil and Gas Properties any real or personal property now owned or hereafter acquired by any of the Loan PartiesRelated Persons (other than the trucks and office complex referred to in Section 5.2(b)(iii)). Borrower also agrees to deliver, as applicable, subject to Permitted Liens. The Loan Parties also agree to deliver where applicable, to deliver whenever reasonably requested by the LendersLender, favorable title opinions from legal counsel reasonably acceptable to the Lenders or such other evidence of title satisfactory to the Lenders Lender with respect to the Mortgaged Properties any Related Person's properties and interests designated by the LendersLender, based upon abstract or record examinations to dates acceptable to the Lenders Lender and (a) stating that the Loan Party, as applicable, such Related Person has good and defensible title to such properties and interests, free and clear of all Liens except Permitted Prohibited Liens, (b) confirming that such Oil properties and Gas Properties interests are subject to Security Documents securing the Obligations that constitute and create legal, valid and duly perfected deed of trust or mortgage liens in such Oil properties and Gas Properties interests and assignments of and security interests in the Oil oil and Gas gas attributable to such Oil properties and Gas Properties interests and the proceeds thereof, in each case subject only to Permitted Liens, and (c) covering such other matters as the Lenders Lender may reasonably request.