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 (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.

Appears in 2 contracts

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

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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 party hereto (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

Samples: Purchase and Sales Agreement (Imperial Petroleum Inc), Operating 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 acquired by any Party 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 the acquisition.

Appears in 2 contracts

Samples: Golden Lane Participation Agreement (New Source Energy Partners L.P.), Golden Lane Participation Agreement (New Source Energy Corp)

Curing Title. In the event of a failure Failure of title Title under Article IV.B.1 IV.B.x. or a loss of title under Article IV.B.2 IV.B.2. above, any Lease or interest Interest acquired by any Party party hereto (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.x. 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 1 contract

Samples: Operating Agreement (EV Energy Partners, LP)

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 (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. shall not apply to the acquisition.

Appears in 1 contract

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

Curing Title. In the event of a failure Failure of title Title under Article IV.B.1 IV.X.x. or a loss of title under Article IV.B.2 IV.B.2. above, any Lease or interest Interest acquired by any Party party hereto (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.X.x. 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 1 contract

Samples: Operating Agreement (EV Energy Partners, LP)

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 acquired by any Party (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. shall not apply to the acquisition.

Appears in 1 contract

Samples: Operating Agreement (New Source Energy Corp)

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Curing Title. In the event of a failure Failure of title 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 party hereto (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 acquisition.

Appears in 1 contract

Samples: Operating Agreement (Egpi Firecreek, 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 party hereto (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. I. 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 1 contract

Samples: Operating Agreement (Belden & Blake Corp /Oh/)

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 (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 shall not apply to such acquisition.

Appears in 1 contract

Samples: Operating Agreement (Megawest Energy Corp.)

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