Buyers Title Review. (a) For 45 calendar days after Closing, Buyer may at Buyer's sole cost and expense commence and diligently pursue such examination of title to the Subject Interests as Buyer desires. Seller shall fully cooperate with Buyer and shall make available to Buyer at Seller's offices in Overland Park, Kansas, all documents, records and material in Seller's possession (except to the extent disclosure of same is prohibited pursuant to agreements with third parties) and all assistance reasonably necessary to assist Buyer in determining the validity of Seller's title in and to the Subject Interests. In no event, however, does Seller warrant or represent the sufficiency, completeness or accuracy of such documents, records and materials, and Buyer's reliance thereon shall be at Buyer's sole risk and expense. Immediately upon completion of Buyer's title review of each property, Buyer shall notify Seller of any Title Defects associated with such property in accordance with Section 7.4 below. Buyer will conclude Buyer's title review and give notice to Seller of all asserted Title Defects not later than five (5) days after the send of said 45 day period. To be effective, Buyer's written notice of a Title Defect must include (i) a brief description of the matter constituting the asserted Title Defect and (ii) supporting documents reasonably necessary for Seller (or a title attorney or examiner hired by Seller) to verify the existence of such asserted Title Defect. Any matters not described in a written notice of Title Defect as provided above shall conclusively be deemed to have been waived and accepted by Buyer, and shall be deemed Permitted Encumbrances hereunder.
Buyers Title Review. (a) BUYER'S ASSERTION OF TITLE DEFECTS. Until September 15, 2004, Buyer shall have the right to furnish Sellers written notice meeting the requirements of this Section 7.2(a) (the "Title Defects Notice") setting forth any matters which, in Buyer's reasonable opinion, constitute Title Defects and which Buyer asserts as a Title Defect with respect to any Assets pursuant to this Article 7; provided however Buyer shall not assert any Title Defect until the aggregate Title Defect Amount of all alleged Title Defects exceeds one-half of one percent (0.5%) of the Purchase Price, and if not exceeded, such alleged Title Defects will be deemed waived. For all purposes of this Agreement, Buyer shall be deemed to have waived any Title Defect which Buyer fails to assert as a Title Defect by a Title Defect Notice given to Sellers on or before the expiration of the Examination Period. To be effective, Buyer's Title Defect Notice of a Title Defect must include (i) a brief description of the matter constituting the asserted Title Defect, (ii) the claimed Title Defect Amount attributable thereto, and (iii) reference to supporting documents reasonably necessary for Sellers to verify the existence of such asserted Title Defect.
Buyers Title Review. Buyer acknowledges that prior to Closing, Buyer will have reviewed the provisions of each of the Leases and related title material made available to Buyer for inspection by Seller and will have examined the status of title of the Leases to be assigned. Buyer acknowledges that prior to Closing it will have conducted all necessary due diligence with respect to title matters, including examination of the records of the State of Louisiana, the MMS, the BLM, the SMB, the Louisiana parishes and any other appropriate Governmental Body. Upon Closing Buyer agrees to accept Seller's title AS IS, WHERE IS and without any title warranties express or implied, except as provided in Section 7.1 and in the forms of assignment attached as Exhibit "B".
Buyers Title Review. Immediately upon execution by both parties hereto of this Agreement, Buyer may, at Buyer's sole cost and expense, pursue such examination of title to the Operating Assets as Buyer desires. Seller shall provide reasonable cooperation with Buyer's examination and shall make files available as provided under Article V. Promptly after completion of Buyer's title review of any Property, Buyer shall advise Seller of any Title Defects affecting that Property, to enable Seller to cure any such Title Defects before Closing, if Seller believes that it is practical to do so. If Seller should cure any Title Defect during the period of Buyer's review, Seller shall promptly notify Buyer accordingly and provide Buyer with suitable documentation of such cure.
Buyers Title Review. 7.1.1 Seller has delivered to Buyer a standard preliminary title report with respect to the Property, together with the underlying documents relating to the Schedule B exceptions set forth in such report (“Title Report”) and Seller’s most current survey ("Survey"). Buyer shall have the right, at its cost, to update the Survey. Buyer shall have until the date that is five (5) Business Days prior to the expiration of the Inspection Period (the “Title Notice Date”) to give Seller written notice (“Buyer’s Title Notice”) of Buyer’s disapproval or conditional approval of any matters shown in the Title Report or on the Survey other than the Permitted Encumbrances described in 8.1.1(a)-(d) (the “Unacceptable Encumbrances”). The failure of Buyer to give Buyer’s Title Notice on or before the Title Notice Date shall be conclusively deemed to constitute Buyer’s approval of the condition of title to the Property. Notwithstanding anything contained herein to the contrary, Buyer shall not be required to object to, and Seller shall cause to be removed as an exception from the Title Policy, all Voluntary Monetary Liens.
Buyers Title Review. (a) Upon execution by both parties hereto of this Agreement, Buyer may at Buyer's sole cost and expense commence examination of title to the Assets. Sellers shall fully cooperate with Buyer and shall provide Buyer all documents, records and material in Sellers' possession and all assistance reasonably necessary to assist Buyer in determining the validly of the title in and to the Subject Interests to be conveyed to Buyer at Closing. Immediately upon completion of Buyer's title review (either in whole or in part at Buyer's option), Buyer shall notify Sellers of any Title Defects associated with such property in accordance with Section 7.3
Buyers Title Review. (a) Immediately upon execution by both parties hereto of this Agreement, Buyer shall at Buyer's sole cost and expense commence and diligently pursue examination of title to the Mineral Interests. Seller shall fully cooperate with Buyer and shall provide Buyer with all documents, records and material in Seller's possession and all assistance reasonably necessary to assist Buyer in determining the validity of Seller's title in and to the Mineral Interests. Buyer shall conclude Buyer's title review and give notice to Seller of asserted title defects and any other matters which could give rise to a reduction in the Purchase Price as soon as practical, but in no event later than January 13, 1998; provided, however, that Buyer shall give notice of title defects as to any Oil and Gas Property only to the extent that the value of such title
Buyers Title Review. Buyer specifically assumes the risk of description and title to the Assets. In addition, Buyer acknowledges that prior to Closing it will have reviewed the title material in Seller's possession and made available to Buyer and examined the status of title of the Assets to be assigned. Buyer acknowledges that it will have conducted all necessary due diligence with respect to title matters; and will have satisfied itself with the status of Seller's title and agrees if this
Buyers Title Review. (a) Buyer's Assertion of Title Defects. Prior to the termination of the Examination Period, Buyer shall have the right to furnish Sellers written notice meeting the requirements of this Section 6.2(a) (the "Title Defects Notice") setting forth any matters which, in Buyer's reasonable opinion, constitute Title Defects. For all purposes of this Agreement, Buyer shall be deemed to have waived any Title Defect which Buyer fails to assert by a Title Defect Notice given to Sellers on or before the expiration of the Examination Period. To be effective, Buyer's Title Defect Notice of a Title Defect must include (i) a brief description of the matter constituting the asserted Title Defect, (ii) the estimated cost or other remedial action required to cure such Title Defect, and (iii) supporting documents reasonably necessary for Sellers (as well as any title attorney or examiner hired by Sellers) to verify the existence of such asserted Title Defect.
Buyers Title Review. (a) (i) As used herein, "
