Common use of Curing Title Clause in Contracts

Curing Title. In the event of a Failure of Title under Article IV.B.1. or a loss of title under Article IV.B.2. above, any Lease or Interest acquired by any party hereto (other than the party whose interest has failed or was lost) during the ninety (90) day period provided by Article IV.B.1. and Article IV.B.2. above covering all or a portion of the interest that has failed or was lost shall be offered at cost to the party whose interest has failed or was lost, and the provisions of Article VIII.B. shall not apply to such acquisition.

Appears in 2 contracts

Sources: Purchase and Sales Agreement (Imperial Petroleum Inc), Working Interest Acquisition and Development Agreement (Explortex Energy Inc.)

Curing Title. In the event of a Failure failure of Title title under Article IV.B.1. IV.B.1 or a loss of title under Article IV.B.2. IV.B.2 above, any Lease or Interest interest acquired by any party hereto Party (other than the party Party whose interest has failed or was lost) during the ninety (90) day period provided by Article IV.B.1. IV.B.1 and Article IV.B.2. IV.B.2 above covering all or a portion of the interest that has failed or was lost shall be offered at cost to the party Party whose interest has failed or was lost, and the provisions of Article VIII.B. shall not apply to such acquisition.

Appears in 2 contracts

Sources: Operating Agreement (American Liberty Petroleum Corp.), Operating Agreement (American Liberty Petroleum Corp.)

Curing Title. In the event of a Failure of Title under Article IV.B.1. or a loss of title under Article IV.B.2. above, any Lease or Interest interest acquired by any party hereto (other than the party whose interest has failed or was lost) during the ninety (90) day period provided by Article IV.B.1. and Article IV.B.2. above covering all or a portion of the interest that has failed or was lost shall be offered at cost to the party whose interest has failed or was lost, and the provisions of Article VIII.B. shall not apply to such the acquisition.

Appears in 2 contracts

Sources: Participation Agreement (New Source Energy Partners L.P.), Participation Agreement (New Source Energy Corp)

Curing Title. In the event of a Failure of Title under Article IV.B.1. or a loss of title under Article IV.B.2. above, any Lease or Interest acquired by any party hereto Party (other than the party Party whose interest has failed or was lost) during the ninety (90) day period provided by Article IV.B.1. and Article IV.B.2. above covering all or a portion of the interest that has failed or was lost shall be offered at cost to the party Party whose interest has failed or was lost, and the provisions of Article VIII.B. shall not apply to such the acquisition.

Appears in 1 contract

Sources: Operating Agreement (West Texas Resources, Inc.)

Curing Title. In the event of a Failure of Title under Article IV.B.1. IV.B.1 or a loss of title under Article IV.B.2. IV.B.2 above, any Lease or Interest acquired by any party hereto (other than the party whose interest has failed or was lost) during the ninety (90) day period provided by Article IV.B.1. IV.B.1 and Article IV.B.2. IV.B.2 above covering all or a portion of the interest that has failed or was lost shall be offered at cost to the party whose interest has failed or was lost, and the provisions of Article VIII.B. VIII.B shall not apply to such acquisition.

Appears in 1 contract

Sources: Operating Agreement (Egpi Firecreek, Inc.)

Curing Title. In the event of a Failure of Title under Article IV.B.1IV.B.▇. or a loss of title under Article IV.B.2. above, any Lease or Interest acquired by any party hereto (other than the party whose interest has failed or was lost) during the ninety (90) day period provided by Article IV.B.1IV.B.▇. and Article IV.B.2. above covering all or a portion of the interest that has failed or was lost shall be offered at cost to the party whose interest has failed or was lost, and the provisions of Article VIII.B. shall not apply to such acquisition.

Appears in 1 contract

Sources: Operating Agreement (EV Energy Partners, LP)

Curing Title. In the event of a Failure of Title under Article IV.B.1. or a loss of title under Article IV.B.2. above, any Lease or Interest interest acquired by any party hereto Party (other than the party Party whose interest has failed or was lost) during the ninety (90) day period provided by Article IV.B.1. and Article IV.B.2. above covering all or a portion of the interest that has failed or was lost shall be offered at cost to the party Party whose interest has failed or was lost, and the provisions of Article VIII.B. shall not apply to such the acquisition.

Appears in 1 contract

Sources: Operating Agreement (New Source Energy Corp)

Curing Title. In the event of a Failure of Title under Article IV.B.1. IV.B(1) or a loss of title under Article IV.B.2. IV.B(2) above, any Lease or Interest acquired by any party hereto Party (other than the party Party whose interest has failed or was lost) during the ninety (90) day period provided by Article IV.B.1. IV.B(1) and Article IV.B.2. IV.B(2) above covering all or a portion of the interest that has failed or was lost shall be offered at cost to the party Party whose interest has failed or was lost, and the provisions of Article VIII.B. VIII.B shall not apply to such acquisition.

Appears in 1 contract

Sources: Operating Agreement (Megawest Energy Corp.)

Curing Title. In the event of a Failure of Title under Article IV.B.1IV.▇.▇. or a loss of title under Article IV.B.2. above, any Lease or Interest acquired by any party hereto (other than the party whose interest has failed or was lost) during the ninety (90) day period provided by Article IV.B.1IV.▇.▇. and Article IV.B.2. above covering all or a portion of the interest that has failed or was lost shall be offered at cost to the party whose interest has failed or was lost, and the provisions of Article VIII.B. shall not apply to such acquisitionIV.

Appears in 1 contract

Sources: Operating Agreement (EV Energy Partners, LP)