Common use of Imperfections in Title Clause in Contracts

Imperfections in Title. Seller's ownership of an Oil and Gas Property is subject to an imperfection in title which, if asserted, would cause a Defect, as defined in subparagraph (i) above, to exist, and such imperfection in title is not such as would normally be waived by persons engaged in the oil and gas business when purchasing producing properties.

Appears in 3 contracts

Samples: Agreement of Sale and Purchase (EV Energy Partners, LP), Agreement of Sale and Purchase (EV Energy Partners, LP), Agreement of Sale and Purchase (3tec Energy Corp)

AutoNDA by SimpleDocs

Imperfections in Title. Seller's ownership of an Oil and Gas Property is subject to an imperfection in title which, if asserted, would cause a Defect, as defined in subparagraph (i) above, to exist, and such an imperfection in title is not such as which would normally not be waived by persons engaged in the oil and gas business when purchasing producing properties.

Appears in 1 contract

Samples: Agreement of Sale and Purchase (Wiser Oil Co)

Imperfections in Title. Seller's ’s ownership of an Oil and Gas Property is subject to an imperfection in title which, if asserted, would cause a Defect, as defined in subparagraph (i) above, to exist, and such imperfection in title is not such as would normally be waived by persons engaged in the oil and gas business when purchasing producing properties.

Appears in 1 contract

Samples: Agreement of Sale and Purchase (Petrohawk Energy Corp)

AutoNDA by SimpleDocs

Imperfections in Title. Seller's ’s ownership of an Oil and Gas Property is subject to an imperfection in title which, if asserted, would cause a Defect, as defined in subparagraph (i) above, to exist, and such imperfection in title is not such as would normally be waived by persons Persons engaged in the oil and gas business when purchasing producing properties.

Appears in 1 contract

Samples: Agreement of Sale and Purchase (Xto Energy Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!