Common use of Oil and Gas Properties Clause in Contracts

Oil and Gas Properties. To the knowledge of the Selling Parties, except as set forth in the Company SEC Documents, the Company or its applicable subsidiary has good and defensible title to all of its oil and gas properties, free and clear of all Encumbrances, other than (i) Permitted Exceptions, (ii) Encumbrances under gas sales contracts, operating agreements, unitization and pooling agreements and such other agreements as are customarily found in connection with comparable drilling and producing operations and (iii) other Encumbrances that are, individually or in the aggregate, not material in amount and do not materially interfere with the Company’s or any of its subsidiaries’ use or enjoyment of their respective oil and gas properties.

Oil and Gas Properties. To the knowledge of the Selling Parties, except as set forth in the The Company SEC Documents, the Company or its applicable subsidiary has good and defensible title to all of its oil and gas properties, free and clear of all Encumbrancesliens, other than encumbrances, security interests, and claims, except (i) Permitted Exceptions, as specified in the Registration Statement and the Prospectus; (ii) Encumbrances liens for taxes not yet due; (iii) liens, claims and encumbrances under gas sales contracts, operating agreements, unitization and pooling agreements and such other agreements as are customarily found in connection with comparable drilling and producing operations operations; and (iiiiv) other Encumbrances liens, claims, encumbrances and title defects that are, individually or singly and in the aggregate, not material in amount and do not materially interfere with the Company’s or any of its subsidiaries’ 's use or enjoyment of their respective oil and gas properties.