Mortgages and Opinions. Within 60 days of the Closing Date (or such later date as the Representative may agree in its sole discretion), the Breitburn Parties will xxxiii) execute and deliver Mortgages in form and substance reasonably satisfactory to the Representative and the Collateral Agent in favor of the Collateral Agent on their respective Oil and Gas Properties as required by the Indenture, including, for the avoidance of doubt, (x) those Mortgages as described on Schedule 5 under the heading “Mortgages” and (y) Mortgages on the Permian Basin Properties and xxxiv) cause such Mortgages to be filed in the proper recorders’ offices or appropriate public records and pay the mortgage recording fees and taxes in respect thereof and otherwise comply with the formal requirements of state law applicable to the recording of real estate mortgages generally with respect to the Mortgages. On the date that each such Mortgage is so filed or recorded, the Company shall cause to be delivered to the Collateral Agent and the Representative favorable opinions of counsel for the Breitburn Parties in form and substance reasonably satisfactory to the Representative.
Mortgages and Opinions. Within 30 days of the date of execution and delivery of any Mortgage, the Issuers and the Guarantors will cause such Mortgage in favor of the Collateral Trustee on their respective properties as required under the caption “Description of Notes-Collateral-Security for the Notes” in the Time of Sale Information and the Offering Memorandum to be filed in the proper recorders’ offices or appropriate public records and pay the mortgage recording fees and taxes in respect thereof and otherwise comply with the formal requirements of state law applicable to the recordings of real estate mortgages generally with respect to the Mortgages. On the date of execution and delivery of any Mortgage, the Issuers and the Guarantors shall have furnished to you written opinions of local counsel, in form and substance reasonably satisfactory to you, as to the enforceability of such Mortgage, that such Mortgage is in proper form for filing, the creation and perfection of the security interest in the Mortgaged Properties described in such Mortgage, and the absence of any unpaid filing, privilege or other tax or fees in connection with the execution, delivery or recordation of such Mortgage (other than nominal filing or recording fees).
Mortgages and Opinions. Within 60 days of the Closing Date, the Company and the Initial Secured Guarantors will (i) execute and deliver Mortgages in favor of the Collateral Trustee on their respective oil and gas properties as required under the caption “Description of Notes–Security for the Notes” in the Pricing Disclosure Package and the Final Offering Memorandum and (ii) cause such Mortgages to be filed in the proper recorders’ offices or appropriate public records and pay the mortgage recording fees and taxes in respect thereof and otherwise comply with the formal requirements of state law applicable to the recording of real estate mortgages generally with respect to the Mortgages. On the date that each such Mortgage is so filed or recorded, the Company shall cause to be delivered to the Collateral Trustee favorable opinions of counsel for the Company and the Initial Guarantors in form and substance reasonably satisfactory to the Collateral Trustee.
