Common use of Drilling Title Opinions Clause in Contracts

Drilling Title Opinions. During the Security Period, prior to the Company’s or any of the Subsidiaries’ drilling on any of the Real Property, the Company or such Subsidiary will obtain a customary drilling title opinion with respect to such drillsite. Upon written request to the Company by a Buyer, the Company shall promptly provide such Buyer with a copy of such drilling title opinion, subject to such Buyer’s execution of a confidentiality agreement reasonably acceptable to the Company with respect thereto; provided, however, that any such request shall constitute a waiver, with respect to any material non-public information regarding the Company and the Subsidiaries contained in such drilling title opinion, of the restriction herein on the Company’s disclosure to such Buyer of material non-public information.

Drilling Title Opinions. During the Security Sub Note Period, prior to the Company’s or any of the Subsidiaries’ drilling on any of the Real Property, the Company or such Subsidiary will obtain a customary drilling title opinion with respect to such drillsite. Upon written request to the Company by a Buyer, the Company shall promptly provide such Buyer with a copy of such drilling title opinion, subject to such Buyer’s execution of a confidentiality agreement reasonably acceptable to the Company with respect thereto; provided, however, that any such request shall constitute a waiver, with respect to any material non-public information regarding the Company and the Subsidiaries contained in such drilling title opinion, of the restriction herein on the Company’s disclosure to such Buyer of material non-public information.