Common use of Defensible Title and Permitted Encumbrances Clause in Contracts

Defensible Title and Permitted Encumbrances. (a) For purposes of this Agreement, the term “Defensible Title” means, with respect to a given Asset, such ownership by Seller in that Asset that, subject to and except for Permitted Encumbrances:

Appears in 12 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement

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Defensible Title and Permitted Encumbrances. (a) For purposes of this Agreement, the term “Defensible Title” means, with respect to a given Asset, such ownership by Seller in such Asset during the productive life of that Asset Asset, that, subject to and except for the Permitted Encumbrances:Encumbrances (as defined in Subsection (d) of this Section 3.02):

Appears in 10 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement

Defensible Title and Permitted Encumbrances. (a) For purposes of this Agreement, the term “Defensible Title” means, with respect to a given AssetSubject Interest, Lease, Well or unit included in the Assets, such ownership by Seller Sellers in that Asset such Subject Interest, Lease, Well or unit that, subject to and except for Permitted Encumbrances:

Appears in 3 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Linn Energy, LLC), Purchase and Sale Agreement (Midstates Petroleum Company, Inc.)

Defensible Title and Permitted Encumbrances. (a) For purposes of this Agreement, the term “Defensible Title” means, with respect to a given Asset, such ownership by Seller in that such Asset that, subject to and except for the Permitted Encumbrances:Encumbrances (as defined below):

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Carbon Natural Gas Co), Purchase and Sale Agreement (Carbon Energy Corp)

Defensible Title and Permitted Encumbrances. (a) For purposes of this Agreement, the term "Defensible Title" means, with respect to a given Asset, such ownership by Seller in that such Asset that, subject to and except for the Permitted Encumbrances:Encumbrances (as defined in Subsection (d) of this Section 3.02):

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Legacy Reserves L P), Purchase and Sale Agreement (Legacy Reserves L P)

Defensible Title and Permitted Encumbrances. (a) For purposes of this Agreement, the term “Defensible Title” means, with respect to a given Asset, such ownership by Seller in that such Asset that, subject to and except for the Permitted Encumbrances:Encumbrances (as defined in Subsection (d) of this Section 3.02):

Appears in 2 contracts

Samples: Purchase and Sale Agreement (NiMin Energy Corp.), Purchase and Sale Agreement (BreitBurn Energy Partners L.P.)

Defensible Title and Permitted Encumbrances. (a) For purposes of this Agreement, the term “Defensible Title” means, with respect to a given AssetLease or Well included in the Assets, such ownership by Seller Sellers in such Lease or Well that Asset that, except for and subject to and except for Permitted Encumbrances:

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (WPX Energy, Inc.)

Defensible Title and Permitted Encumbrances. (a) For purposes of this Agreement, the term “Defensible Title” means, with respect to a given Assetwell or unit included in the Assets as set forth in Exhibit D, such ownership by Seller Sellers in that Asset such well or unit that, subject to and except for Permitted Encumbrances:Encumbrances (as defined in Subsection (d) of this Section 3.02):

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Linn Energy, LLC)

Defensible Title and Permitted Encumbrances. (a) For purposes of this Agreement, the term “Defensible Title” means, with respect to a given Asset, such ownership by Seller the Company in that such Asset that, subject to and except for the Permitted Encumbrances:Encumbrances (as defined in Section 3.02(d):

Appears in 1 contract

Samples: Stock Purchase Agreement (Ivanhoe Energy Inc)

Defensible Title and Permitted Encumbrances. (a) For purposes of this Agreement, the term “Defensible Title” means, with respect to a given Asset, such ownership by Seller in that such Asset that, subject to and except for the Permitted Encumbrances:Encumbrances (as defined in Subsection (b) of this Section 3.02):

Appears in 1 contract

Samples: Purchase and Sale Agreement (Comstock Resources Inc)

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Defensible Title and Permitted Encumbrances. (a) For purposes of this Agreement, the term “Defensible Title” means, with respect to a given Asset, such ownership by Seller Sellers in that Asset that, subject to and except for Permitted Encumbrances:: {1919007;4} - 12 -

Appears in 1 contract

Samples: Purchase and Sale Agreement (Mid-Con Energy Partners, LP)

Defensible Title and Permitted Encumbrances. (a) For purposes of this Agreement, the term “Defensible Title” means, with respect to a given Asset, such ownership by Seller in that such Asset that, subject to and except for the Permitted Encumbrances:Encumbrances (as defined in Subsection (c) of this Section 3.02): (a) entitles Seller to receive not less than the percentage set forth in Exhibit A as Seller’s “Net Revenue Interest” of all Hydrocarbons produced, saved and marketed from each leasehold property as set forth in Exhibit A; and (b) is free and clear of all liens and encumbrances in title.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Rancher Energy Corp.)

Defensible Title and Permitted Encumbrances. (a) For purposes of this Agreement, the term “Defensible Title” means, with respect to a given Asset, such ownership by title of Seller in that such Asset that, subject to and except for the Permitted Encumbrances:Encumbrances (as defined in Subsection (e) of this Section 3.02):

Appears in 1 contract

Samples: Purchase and Sale Agreement (Callon Petroleum Co)

Defensible Title and Permitted Encumbrances. (a) For purposes of this Agreement, the term “Defensible Title” means, with respect to a given Asset, such ownership by Seller in such Asset that Asset is deducible of record, by limitations, by contract, or otherwise by a legally enforceable right, in each case, that can be successfully defended if challenged (including against challenges by Third Parties with or without actual or constructive notice of Seller’s title), and that, except for and subject to and except for Permitted Encumbrances:

Appears in 1 contract

Samples: Purchase and Sale Agreement (Resolute Energy Corp)

Defensible Title and Permitted Encumbrances. (a) For purposes of this Agreement, the term “Defensible Title” means, with respect to a given Asset, such ownership by Seller in such Asset during the productive life of that Asset Asset, that, subject to and except for the Permitted Encumbrances:Encumbrances (as defined in Subsection (e) of this Section 3.03):

Appears in 1 contract

Samples: Purchase and Sale Agreement (Parsley Energy, Inc.)

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