Common use of ASSIGNMENT OF RECORD TITLE Clause in Contracts

ASSIGNMENT OF RECORD TITLE. Within three (3) business days from receipt of the Sunk Land Costs, LLOG shall execute and deliver to Ridgewood an Assignment of Record Title Interest delivering to Ridgewood a 50% of 6/6ths Record Title Interest in the Redacted Lease. The Assignment shall be without warranty of title, either express or implied, except by, through and under LLOG, but not otherwise. Additionally, such Assignment shall be subject to the approval of the authorized officer of the U.S. Mineral Management Service (“MMS”). The Assignment shall be prepared with an attached Exhibit “A” thereto, with said Exhibit “A” being a mutually acceptable assignment form which can be executed by the parties and recorded in the appropriate County/Parish, as applicable. The Assignment shall be subject to;