Common use of Cure of Title Defects Clause in Contracts

Cure of Title Defects. The Borrower shall cure any title defects or exceptions which are not Excepted Liens raised by such information, or substitute acceptable Mortgaged Properties with no title defects or exceptions except for Excepted Liens covering Mortgaged Properties of an equivalent value, within 45 days after a request by the Agent or the Lenders to cure such defects or exceptions.

Appears in 1 contract

Samples: Credit Agreement (Miller Exploration Co)

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Cure of Title Defects. The Borrower shall cure any title defects or exceptions which are not Excepted Liens raised by such informationthe information required by Section 8.08(b) above, or or, if mortgages are required pursuant to Section 8.09, substitute acceptable Mortgaged Properties with no title defects or exceptions except for Excepted Liens covering Mortgaged Properties of an equivalent value, within 45 days after a request by the Agent or the Lenders to cure such defects or exceptions.

Appears in 1 contract

Samples: Credit Agreement (Howell Corp /De/)

Cure of Title Defects. The Borrower shall cure any title defects or exceptions which are not Excepted Liens raised by such information, or substitute acceptable Mortgaged Properties with no title defects or exceptions except for Excepted Liens covering Mortgaged Properties of an equivalent value, within 45 days after a request by the Administrative Agent or the Lenders to cure such defects or exceptions.

Appears in 1 contract

Samples: Credit Agreement (Atp Oil & Gas Corp)

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Cure of Title Defects. The Borrower shall cure any title defects or exceptions which are not Excepted Liens raised by such information, information or substitute acceptable Mortgaged Properties with no title defects or exceptions except for Excepted Liens Liens, covering Mortgaged Properties of an equivalent value, within 45 days after a request by the Agent or the Lenders to cure such defects or exceptions.

Appears in 1 contract

Samples: Credit Agreement (Howell Corp /De/)

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