Agreement to Deliver Title Information Sample Clauses

Agreement to Deliver Title Information. The Borrower will deliver, within the time periods specified below, title opinions and other documentation satisfactory to the Administrative Agent, with respect to Oil and Gas Properties of the Borrower and its Subsidiaries: (i) within 60 days after Closing Date to reach a level of such title information provided to the Administrative Agent covering Engineered Oil and Gas Properties subject to the Mortgages (including any supplement Mortgages to be delivered within 60 days after Closing Date) comprising at least 37.5% of the total Attributed Value of the Proved Reserves attributable to such Engineered Oil and Gas Properties subject to the Mortgages (including any supplement Mortgages to be delivered within 60 days after the Closing Date); (ii) within 90 days after Closing Date to reach a level of such title information provided to the Administrative Agent covering Engineered Oil and Gas Properties subject to the Mortgages (including any supplement Mortgages to be delivered within 60 days after Closing Date) comprising at least 60% of the total Attributed Value of the Proved Reserves attributable to such Engineered Oil and Gas Properties subject to the Mortgages (including any supplement Mortgages to be delivered within 60 days after the Closing Date); and (iii) within 120 days after Closing Date to reach a level of such title information provided to the Administrative Agent covering Engineered Oil and Gas Properties subject to the Mortgages (including any supplement Mortgages to be delivered within 60 days after Closing Date) comprising at least 75% of the total Attributed Value of the Proved Reserves attributable to such Engineered Oil and Gas Properties subject to the Mortgages (including any supplement Mortgages to be delivered within 60 days after the Closing Date); provided, however, that the requirements of this Section 4.04 shall not apply to any Oil and Gas Properties as to which the Administrative Agent shall determine in its reasonable discretion, after consultation with the Borrower, that the costs and burden of obtaining such title opinions and other documentation are excessive in relation to the value of the benefits afforded thereby.