Common use of Curative Matters Clause in Contracts

Curative Matters. Within sixty (60) days after the Effective Date with respect to matters listed on Schedule "9" and, thereafter, within sixty (60) days after receipt by Borrowers from Agent or its counsel of written notice of title defects the Agent reasonably requires to be cured, Borrowers shall either (i) provide such curative information, in form and substance satisfactory to Agent, or (ii) substitute Oil and Gas Properties of value and quality satisfactory to the Agent for all of Oil and Gas Properties for which such title curative was requested but upon which Borrowers elected not to provide such title curative information, and, within sixty (60) days of such substitution, provide title opinions or title information satisfactory to the Agent covering the Oil and Gas Properties so substituted.

Appears in 5 contracts

Samples: Credit Agreement (Continental Crude Co), Credit Agreement (Continental Resources Inc), Credit Agreement (Canaan Energy Corp)

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Curative Matters. Within sixty (60) days after the Effective Date with respect to matters listed on Schedule "98" and, thereafter, within sixty (60) days after receipt by Borrowers Borrower from Agent or its counsel of written notice of title defects the Agent reasonably requires to be cured, Borrowers Borrower shall either (i) provide such curative information, in form and substance satisfactory to Agent, or (ii) substitute Oil and Gas Properties of value and quality satisfactory to the Agent for all of Oil and Gas Properties for which such title curative was requested but upon which Borrowers Borrower elected not to provide such title curative information, and, within sixty (60) days of such substitution, provide title opinions or title information satisfactory to the Agent covering the Oil and Gas Properties so substituted.

Appears in 1 contract

Samples: Loan Agreement (Gothic Energy Corp)

Curative Matters. Within sixty (60) days after the Effective Date date hereof ---------------- with respect to matters listed on Schedule "9" and, thereafter, within sixty (60) days after receipt by Borrowers from Agent or its counsel of written notice of title defects the Agent reasonably requires to be cured, Borrowers shall either (i) provide such curative information, in form and substance satisfactory to Agent, or (ii) substitute Oil and Gas Properties of value and quality satisfactory to the Agent for all of Oil and Gas Properties for which such title curative was requested but upon which Borrowers elected not to provide such title curative information, and, within sixty (60) days of such substitution, provide title opinions or title information satisfactory to the Agent covering the Oil and Gas Properties so substituted.

Appears in 1 contract

Samples: Loan Agreement (Gothic Energy Corp)

Curative Matters. Within sixty (60) days after the Effective Date with respect to matters listed on Schedule "9" 9 and, thereafter, within sixty (60) days after receipt by the Borrowers from Agent or its counsel of written notice of title defects the Agent reasonably requires to be cured, the Borrowers shall either (i) provide such curative information, in form and substance satisfactory to Agent, or (ii) substitute Oil and Gas Properties of value and quality satisfactory to the Agent for all of Oil and Gas Properties for which such title curative was requested but upon which the Borrowers elected not to provide such title curative information, and, within sixty (60) days of such substitution, provide title opinions or title information satisfactory to the Agent covering the Oil and Gas Properties so substituted.

Appears in 1 contract

Samples: Credit Agreement (Delta Petroleum Corp/Co)

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Curative Matters. Within sixty (60) days after the Effective Date date hereof ---------------- with respect to matters listed on Schedule "98" and, thereafter, within sixty (60) days after receipt by Borrowers from Agent or its counsel of written notice of title defects the Agent reasonably requires to be cured, Borrowers shall either (i) provide such curative information, in form and substance satisfactory to Agent, or (ii) substitute Oil and Gas Properties of value and quality satisfactory to the Agent for all of Oil and Gas Properties for which such title curative was requested but upon which Borrowers elected not to provide such title curative information, and, within sixty (60) days of such substitution, provide title opinions or title information satisfactory to the Agent covering the Oil and Gas Properties so substituted.

Appears in 1 contract

Samples: Loan Agreement (Gothic Energy Corp)

Curative Matters. Within sixty ninety (6090) days after the Effective Date date hereof with respect to matters listed on Schedule "910" and, thereafter, within sixty ninety (6090) days after receipt by Borrowers Borrower from Agent or its counsel of written notice of title defects the Agent reasonably requires to be cured, Borrowers Borrower shall either (i) provide such curative information, in form and substance satisfactory to Agent, or (ii) substitute Oil and Gas Properties of value and quality satisfactory to the Agent Banks for all of Oil and Gas Properties for which such title curative was requested but upon which Borrowers Borrower elected not to provide such title curative information, and, within sixty ninety (6090) days of such substitution, provide title opinions or title information satisfactory to the Agent covering the Oil and Gas Properties so substituted.

Appears in 1 contract

Samples: Senior Secured Loan Agreement (Southwest Royalties Holdings Inc)

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