Definition of Title Defect. As used in this Agreement, the term “Title Defect” shall mean any defect which alone, or in conjunction with other defects, causes Seller not to have Defensible Title to the Subject Interest, Lease, or Well.
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Callon Petroleum Co), Purchase and Sale Agreement (Gulfport Energy Corp)
Definition of Title Defect. As used in For the purposes of this Agreement, the term “a "Title Defect” shall mean " means any impairment, encumbrance, encroachment, irregularity, defect which alonein, or in conjunction with other defects, causes Seller not to have Defensible Title dispute concerning SELLER's title to the Subject InterestProperty or COI's title to the Assets, Lease, or Well.and that in the opinion of BUYER would:
Appears in 1 contract
Samples: Share and Pipeline Purchase Agreement (Stone Energy Corp)
Definition of Title Defect. As used in For the purpose of this Agreement, the term “a "Title Defect” " shall mean any defect which alone, deficiency in the Interests or in conjunction with other defects, causes Seller not to have Defensible Title Seller's title to the Subject InterestInterests which results or could result in: (i) Seller's title, Leaseas to one or more Interests, being subject to an outstanding mortgage, deed of trust, lien or Well.security interest;
Appears in 1 contract
Definition of Title Defect. As used in For the purpose of this Agreement, the term Agreement a “Title Defect” shall mean any defect deficiency in the Interests or Sellers’ title which alone, results or in conjunction with other defects, causes Seller not to have Defensible Title to the Subject Interest, Lease, or Well.could result in:
Appears in 1 contract
Samples: Purchase and Sale Agreement (Mdu Resources Group Inc)
