Failure of Title. Should any Oil and Gas Interest or Oil and Gas Lease be lost through failure of title, which results in a reduction of interest from that shown on Exhibit “A,” the party credited with contributing the affected Lease or Interest (including, if applicable, a successor in interest to such party) shall have ninety (90) days from final determination of title failure to acquire a new lease or other instrument curing the entirety of the title failure, which acquisition will not be subject to Article VIII.B., and failing to do so, this agreement, nevertheless, shall continue in force as to all remaining Oil and Gas Leases and Interests; and,
Appears in 2 contracts
Samples: Operating Agreement (Belden & Blake Corp /Oh/), Operating Agreement (EV Energy Partners, LP)
Failure of Title. Should all or any portion of a Party’s interest in any of the Oil and Gas Interest or Oil and Gas Lease Leases be lost through failure of title, which results in a reduction of interest from that shown on Exhibit “A,” , the party credited with contributing the affected Lease Party whose interest is lost or Interest reduced (including, if applicable, a successor in interest to such partythat Party) shall have ninety (90) days from final determination of title failure to acquire a new lease or other instrument curing cure the entirety of the title failure, which acquisition will not be subject to Article VIII.B., and failing to do so, this agreementAgreement, nevertheless, shall continue in force as to all remaining interests in the Oil and Gas Leases and InterestsLeases; and,
Appears in 2 contracts
Samples: Operating Agreement (American Liberty Petroleum Corp.), Operating Agreement (American Liberty Petroleum Corp.)
Failure of Title. Should any Oil and Gas Interest or Oil and Gas Lease be lost through failure of title, which results in a reduction of interest from that shown on Exhibit “A,” the party Party credited with contributing the affected Lease or Interest (including, if applicable, a successor in interest to such partythat Party) shall have ninety (90) days from final determination of title failure to acquire a new lease or other instrument curing the entirety of the title failure, which acquisition will not be subject to Article VIII.B., and failing to do so, this agreement, nevertheless, shall continue in force as to all remaining Oil and Gas Leases and Interests; and,
Appears in 2 contracts
Samples: Joint Operating Agreement, Operating Agreement (New Source Energy Corp)
Failure of Title. Should any Oil and Gas Interest or Oil and Gas Lease be lost through failure of title, which results in a reduction of interest from that shown on Exhibit “A,” the party credited with contributing the affected Lease or Interest (including, if applicable, a successor in interest to such that party) shall have ninety (90) days from final determination of title failure to acquire a new lease or other instrument curing the entirety of the title failure, which acquisition will not be subject to Article VIII.B., and failing to do so, this agreementAgreement, nevertheless, shall continue in force as to all remaining Oil and Gas Leases and Interests; and,
Appears in 2 contracts
Samples: Golden Lane Participation Agreement (New Source Energy Partners L.P.), Golden Lane Participation Agreement (New Source Energy Corp)
Failure of Title. Should any Oil and Gas Interest or Oil and Gas Lease be lost through failure of title, which results in a reduction of interest from that shown on Exhibit “"A,” " the party credited with contributing the affected Lease or Interest (including, if applicable, a successor in interest to such party) shall have ninety (90) days from final determination of title failure to acquire a new lease or other instrument curing the entirety of the title failure, which acquisition will not be subject to Article VIII.B., and failing to do so, this agreement, nevertheless, shall continue in force as to all remaining Oil and Gas Leases and Interests; and,
Appears in 2 contracts
Samples: Operating Agreement (EV Energy Partners, LP), Operating Agreement (EV Energy Partners, LP)
Failure of Title. Should any Oil and Gas Interest or Oil and Gas Lease be lost through failure of title, which results in a reduction of interest from that shown on Exhibit “A,” ”, the party credited with contributing the affected Lease or Interest (including, if applicable, a successor in interest to such party) shall have ninety (90) days from final determination of title failure to acquire a new lease or other instrument curing the entirety of the title failure, which acquisition will not be subject to Article VIII.B.VIII.A, and failing to do so, this agreementAgreement, nevertheless, shall continue in force as to all remaining Oil and Gas Leases and Interests; and,
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Failure of Title. Should any Oil and Gas Interest or Oil and Gas Lease be lost through failure of title, which results in a reduction of interest from that shown on Exhibit “A,” the party Party credited with contributing the affected Lease or Interest (including, if applicable, a successor in interest to such partythe Party) shall have ninety (90) days from final determination of title failure to acquire a new lease or other instrument curing the entirety of the title failure, which acquisition will not be subject to Article VIII.B.VIII.A. (Acquisition, and Maintenance or Transfer of Interest; Renewal or Extension of Leases), and, failing to do so, this agreementAgreement, nevertheless, shall continue in force as to all remaining Oil and Gas Leases and Interests; and,
Appears in 1 contract
Failure of Title. Should any Oil and Gas Interest or Oil and Gas Lease be lost through failure of title, which results in a reduction of interest from that shown on Exhibit “"A,” ", the party Party credited with contributing the affected Lease or Interest (including, if applicable, a successor in interest to such partyParty) shall have ninety (90) days from final determination of title failure to acquire a new lease or other instrument curing the entirety of the title failure, which acquisition will not be subject to Article VIII.B.VIII.B, and failing to do so, this agreement, nevertheless, shall continue in force as to all remaining Oil and Gas Leases and Interests; and,, OPERATING AGREEMENT
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