Common use of Cure of Title Defects Clause in Contracts

Cure of Title Defects. Upon reasonable request by Administrative Agent, Borrower shall cure any title defects or exceptions which are not Liens permitted under Section 8.2 and which in the reasonable discretion of Administrative Agent render the title to the Mortgaged Properties not good and defensible (except for Liens permitted by Section 8.2), or substitute acceptable Borrowing Base Properties of an equivalent value, with no title defects or exceptions except for Liens permitted under Section 8.2, within ninety (90) days after a reasonable request by Administrative Agent or Lenders to cure such defects or exceptions.

Cure of Title Defects. Upon reasonable request notice by Administrative Agent, Borrower shall (i) cure any title defects or exceptions which are not Excepted Liens permitted under Section 8.2 and which in the reasonable discretion of Administrative Agent render the title to the raised by such information, (ii) substitute acceptable Mortgaged Properties not good and defensible (with no title defects or exceptions, except for Excepted Liens permitted by Section 8.2), or substitute acceptable Borrowing Base covering Mortgaged Properties of an equivalent value, or (iii) deliver title information in form and substance acceptable to Agent so that Agent shall have received, together with no title defects or exceptions except for Liens permitted under Section 8.2information previously delivered to Agent, within ninety satisfactory title information on at least eighty percent (9080%) days after a reasonable request by Administrative Agent or Lenders to cure such defects or exceptionsof the engineered value of the Borrowing Base Properties.

Cure of Title Defects. Upon reasonable request by Administrative Agent, Borrower shall cure any title defects or exceptions which are not Liens permitted under Section 8.2 and which in the reasonable discretion of Administrative Agent render the title to the Mortgaged Properties not good and defensible (except for Liens permitted by Section 8.2), or substitute acceptable Borrowing Base Properties of an equivalent value, with no title defects or exceptions except for Liens permitted under Section 8.2, within ninety (90) days after a reasonable request by Administrative Agent or Lenders to cure such defects or exceptions.. (c)

Cure of Title Defects. Upon reasonable request by Administrative Agent, Borrower shall cure any title defects or exceptions which are not Liens permitted under Section 8.2 and which in the reasonable sole discretion of Administrative Agent render the title to the Mortgaged Properties not good and defensible (except for Liens permitted by Section 8.2), or substitute acceptable Borrowing Base Mortgaged Properties of an equivalent value, with no title defects or exceptions except for Liens permitted under Section 8.28.2 covering Mortgaged Properties of an equivalent value, within ninety (90) days after a reasonable request by Administrative Agent or Lenders to cure such defects or exceptions.

Cure of Title Defects. Upon reasonable request by Administrative the Agent, the Borrower shall cure any title defects or exceptions which are not Permitted Liens permitted under Section 8.2 raised by such information and which in the reasonable sole discretion of Administrative the Agent render the title to the Mortgaged Properties covered by such information not good and defensible (except for Liens permitted by Section 8.2)defensible, or substitute acceptable Borrowing Base Mortgaged Properties of an equivalent value, with no title defects or exceptions except for Permitted Liens permitted under Section 8.2covering Mortgaged Properties of an equivalent value, within ninety (90) days after a reasonable request by Administrative the Agent or the Lenders to cure such defects or exceptions.