Common use of No Liability for Recordation Clause in Contracts

No Liability for Recordation. XxxxXxxxx shall be solely responsible, and the Trustee and the Delaware Trustee shall have no responsibility, for the filing of the Conveyances, the Drilling Mortgage in the real property records of any jurisdiction in which the Underlying Properties are located. Neither the Trustee, the Delaware Trustee, the Bank nor any of their respective Agents shall be liable to the Trust Estate or any Trust Unitholder for any loss, claim or damage resulting from, or arising out of, the failure to file, or failure to properly file, the Conveyances and the Drilling Mortgage in any real property records of any jurisdiction. XxxxXxxxx shall deliver file-stamped copies of such documents showing the recording information to the Trustee reasonably promptly after recording such documents.

Appears in 4 contracts

Samples: Trust Agreement (SandRidge Permian Trust), Trust Agreement (SandRidge Permian Trust), Trust Agreement (SandRidge Mississippian Trust I)

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No Liability for Recordation. XxxxXxxxx shall be solely responsible, and the Trustee and the Delaware Trustee shall have no responsibility, for the filing of the Conveyances, the Drilling Mortgage Mortgages in the real property records of any jurisdiction in which the Underlying Properties are located. Neither the Trustee, the Delaware Trustee, the Bank nor any of their respective Agents shall be liable to the Trust Estate or any Trust Unitholder for any loss, claim or damage resulting from, or arising out of, the failure to file, or failure to properly file, the Conveyances and the Drilling Mortgage Mortgages in any real property records of any jurisdiction. XxxxXxxxx shall deliver file-stamped copies of such documents showing the recording information to the Trustee reasonably promptly after recording such documents.

Appears in 3 contracts

Samples: Trust Agreement (SandRidge Mississippian Trust II), Trust Agreement (SandRidge Mississippian Trust II), Trust Agreement (SandRidge Mississippian Trust II)

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