Properties; Titles, Etc. (a) Each of the Borrower and its Subsidiaries has good and defensible title to its Oil and Gas Properties evaluated in the most recently delivered Reserve Report and good title to all its personal Properties, in each case, free and clear of all Liens except Liens permitted by Section 9.
Appears in 17 contracts
Samples: Credit Agreement (Legacy Reserves Inc.), Credit Agreement (Harvest Oil & Gas Corp.), Credit Agreement (Legacy Reserves Lp)
Properties; Titles, Etc. (a) Each of the Borrower and its the Restricted Subsidiaries has good and defensible title to its the Oil and Gas Properties evaluated in the most recently delivered Reserve Report and good title to all its personal Properties, in each case, free and clear of all Liens except Liens permitted by Section 9.
Appears in 10 contracts
Samples: Amendment and Restatement and Incremental Loan Assumption Agreement (Atp Oil & Gas Corp), Credit Agreement (Atp Oil & Gas Corp), Credit Agreement (Atp Oil & Gas Corp)
Properties; Titles, Etc. (a) Each of the Borrower and its the Subsidiaries has good and defensible title to its the Oil and Gas Properties evaluated in the most recently delivered Reserve Report and good title to all its personal Properties, in each case, free and clear of all Liens except Liens permitted by Section 9.
Appears in 6 contracts
Samples: Credit Agreement (Kodiak Oil & Gas Corp), Second Lien Credit Agreement (Kodiak Oil & Gas Corp), Second Lien Credit Agreement (Kodiak Oil & Gas Corp)
Properties; Titles, Etc. (a) Each of the Borrower Borrowers and its the Subsidiaries has good and defensible title to its to, or valid and enforceable leasehold interests in, the Oil and Gas Properties evaluated in the most recently delivered Reserve Report and good title to all its personal Properties, in each case, free and clear of all Liens except Liens permitted by Section 9.
Appears in 5 contracts
Samples: Third Lien Term Loan Agreement (Quest Resource Corp), Second Lien Term Loan Agreement (Quest Resource Corp), Second Lien Term Loan Agreement (Quest Resource Corp)
Properties; Titles, Etc. (a) Each of the Borrower and its the Restricted Subsidiaries has good and defensible title to its the Oil and Gas Properties evaluated in the most recently delivered Reserve Report Report, the Midstream Assets and good title to all its other personal Properties, in each case, free and clear of all Liens except Liens permitted by Section 9.
Appears in 3 contracts
Samples: Senior Revolving Credit Agreement (Petrohawk Energy Corp), Senior Revolving Credit Agreement (Petrohawk Energy Corp), Senior Revolving Credit Agreement (Petrohawk Energy Corp)
Properties; Titles, Etc. (a) Each of the Borrower and its the Restricted Subsidiaries has good and defensible title to its the Oil and Gas Properties evaluated in the most recently delivered Reserve Report and good title to all its material personal Properties, in each case, free and clear of all Liens except Liens permitted by Section 9.
Appears in 3 contracts
Samples: Second Lien Term Loan Agreement (Rosetta Resources Inc.), Senior Revolving Credit Agreement (Rosetta Resources Inc.), Second Lien Term Loan Agreement (Rosetta Resources Inc.)
Properties; Titles, Etc. (a) Each Except as set forth in Schedule 7.16, of the Borrower and its the Subsidiaries has good and defensible title to its the Oil and Gas Properties evaluated in the most recently delivered Reserve Report and good title to all its material personal Properties, in each case, free and clear of all Liens except Liens permitted by Section 9.
Appears in 3 contracts
Samples: Credit Agreement (Oasis Petroleum Inc.), Credit Agreement (Oasis Petroleum Inc.), Credit Agreement (Oasis Petroleum Inc.)
Properties; Titles, Etc. (a) Each Subject to Immaterial Title Deficiencies, each of the Borrower and its the Restricted Subsidiaries has good and defensible title to its the Oil and Gas Properties evaluated in the most recently delivered Reserve Report and good title to all its personal Properties, in each case, free and clear of all Liens except Liens permitted by Section 9.
Appears in 3 contracts
Samples: Credit Agreement (Eclipse Resources Corp), Credit Agreement (Eclipse Resources Corp), Credit Agreement (Eclipse Resources Corp)
Properties; Titles, Etc. (a) Each of the The Borrower and its Subsidiaries has good and defensible title to its the Oil and Gas Properties evaluated in the most recently delivered Reserve Report and good title to all its personal Properties, in each case, free and clear of all Liens except Liens permitted by Section 9.
Appears in 3 contracts
Samples: Credit Agreement (Goodrich Petroleum Corp), Credit Agreement (Goodrich Petroleum Corp), Credit Agreement (Goodrich Petroleum Corp)
Properties; Titles, Etc. (a) Each of the Borrower and its Subsidiaries subsidiaries has good and defensible title to its the Oil and Gas Properties evaluated in the most recently delivered Reserve Report Report, and each Loan Party has good title to all its personal Properties, in each case, free and clear of all Liens except Liens permitted by Section 9.
Appears in 3 contracts
Samples: Credit Agreement (Grizzly Energy, LLC), Term Loan Credit Agreement (Grizzly Energy, LLC), Credit Agreement (Vanguard Natural Resources, Inc.)
Properties; Titles, Etc. (a) Each Except as disclosed in Schedule 7.16, each of the Borrower and its the Subsidiaries has good and defensible title to its the Oil and Gas Properties evaluated in the most recently delivered Reserve Report and good title to all its personal Properties, in each case, free and clear of all Liens except Liens permitted by Section 9.
Appears in 2 contracts
Samples: Credit Agreement (Bill Barrett Corp), Credit Agreement (Bill Barrett Corp)
Properties; Titles, Etc. (a) Each of the The Borrower and its Subsidiaries has good and defensible title to its the Proved Oil and Gas Properties evaluated in the most recently delivered Reserve Report and good title to all its personal Properties, in each case, free and clear of all Liens except Liens permitted by Section 9.
Appears in 2 contracts
Samples: Exit Credit Agreement (Goodrich Petroleum Corp), Credit Agreement (Goodrich Petroleum Corp)
Properties; Titles, Etc. (a) Each of the Borrower and its Subsidiaries has good and defensible title to its the Oil and Gas Properties evaluated in the most recently delivered Reserve Report and good title to all its personal Properties, in each case, free and clear of all Liens except Liens permitted by Section 9.
Appears in 2 contracts
Samples: Credit Agreement (Petro Resources Corp), Credit Agreement (Whittier Energy Corp)
Properties; Titles, Etc. (a) Each of the Borrower and its the Restricted Subsidiaries has good and defensible title to its the Oil and Gas Properties evaluated in the most recently delivered Reserve Report and good title to all its other personal Properties, in each case, free and clear of all Liens except Liens permitted by Section 9.
Appears in 2 contracts
Samples: Senior Revolving Credit Agreement (Halcon Resources Corp), Senior Revolving Credit Agreement (Halcon Resources Corp)
Properties; Titles, Etc. (a) Each of the Borrower and its the Subsidiaries has good and defensible title (or has earned an assignment which, upon receipt, will result in good and defensible title) to its the working and net revenue interests in the Oil and Gas Properties evaluated in the most recently delivered Reserve Report and good title to all its personal Properties, in each case, free and clear of all Liens except Liens permitted by Section 9.
Appears in 2 contracts
Samples: Credit Agreement (Energy Partners LTD), Credit Agreement (Energy Partners LTD)
Properties; Titles, Etc. (a) Each of the The Borrower and its the Restricted Subsidiaries has have good and defensible title to its the Oil and Gas Properties evaluated in the most recently delivered Reserve Report and good title to all its personal Properties, in each case, free and clear of all Liens except Liens permitted by Section 9.
Appears in 2 contracts
Samples: Senior Secured Revolving Credit Agreement (Viper Energy Partners LP), Senior Secured Revolving Credit Agreement
Properties; Titles, Etc. (a) Each of the The Borrower and its Subsidiaries has have good and defensible title to its the Hydrocarbon Interests in the Oil and Gas Properties evaluated in the most recently delivered Reserve Report and good title to all its their personal Properties, in each case, free and clear of all Liens except Liens permitted by Section 9.
Appears in 2 contracts
Samples: Credit Agreement (Synergy Resources Corp), Credit Agreement (Synergy Resources Corp)
Properties; Titles, Etc. (a) Each of the Borrower and its Subsidiaries has good and defensible title to its Oil and Gas Properties evaluated in the most recently delivered Reserve Report Report, good and defensible title to its Oil and Gas Properties comprised of natural gas pipelines or other gathering systems or pipelines or midstream assets and good title to all its personal Properties, in each case, free and clear of all Liens except Liens permitted by Section 9.
Appears in 2 contracts
Samples: Term Loan Credit Agreement (Legacy Reserves Inc.), Term Loan Credit Agreement (Legacy Reserves Lp)
Properties; Titles, Etc. (a) Each of the Borrower and its the Subsidiaries has has, in all material respects, good and defensible title to its the Oil and Gas Properties evaluated in the most recently delivered Reserve Report and good title to all its personal Properties, in each case, free and clear of all Liens except Liens permitted by Section 9.
Appears in 1 contract
Samples: Credit Agreement (Cimarex Energy Co)
Properties; Titles, Etc. (a) Each of the The Borrower and its Subsidiaries has have good and defensible title to its the Oil and Gas Properties evaluated in the most recently delivered Reserve Report and good title to all its personal Properties, in each case, free and clear of all Liens except Liens permitted by Section 9.
Appears in 1 contract
Properties; Titles, Etc. (a) Each of the Borrower and its Subsidiaries has good and defensible title to its Oil and Gas Properties evaluated in the most recently delivered Reserve Report (other than those disposed of in compliance with Section 9.10 since delivery of such Reserve Report and those title defects disclosed in writing to the Administrative Agent) and good title to all its personal Properties, in each case, free and clear of all Liens except Liens permitted by Section 9.
Appears in 1 contract
Properties; Titles, Etc. (a) Each of the Borrower and its the Subsidiaries has good and defensible title Defensible Title to its the Oil and Gas Properties evaluated in the most recently delivered Reserve Report and good title or valid leasehold interests to all its personal Propertiesproperties, in each case, free and clear of all Liens except Liens permitted by under Section 97.
Appears in 1 contract
Samples: Second Lien Term Loan Agreement (Ram Energy Resources Inc)
Properties; Titles, Etc. (a) Each of the Borrower and its Subsidiaries has good and defensible title to its Oil and Gas Properties evaluated in the most recently delivered Reserve Report and good title to all its personal Properties, in each case, free and clear of all Liens except Liens permitted by Section 9.
Appears in 1 contract
Samples: Credit Agreement (Linn Energy, LLC)
Properties; Titles, Etc. (a) Each of the Borrower and its Subsidiaries the Subsidiaries, as applicable, has good and defensible title to its their respective Oil and Gas Properties evaluated in (including the most recently delivered Reserve Report Acquisition Properties) and good title to all its personal Properties, in each case, free and clear of all Liens except Liens permitted by Section 9.
Appears in 1 contract
Samples: Credit Agreement (Baron Energy Inc.)
Properties; Titles, Etc. (a) Each of the Borrower Borrowers and its their Subsidiaries has good and defensible title to its Proved Oil and Gas Properties evaluated in the most recently delivered Reserve Report and good title to all its personal Properties, in each case, free and clear of all Liens except Liens permitted by Section 9.
Appears in 1 contract
Samples: Second Lien Term Loan Agreement (Parallel Petroleum Corp)
Properties; Titles, Etc. (a) Each of the Borrower and its the Subsidiaries has good and defensible title to its the Oil and Gas Properties evaluated in the most recently delivered Reserve Report and good title to all its personal Properties, in each case, free and clear of all Liens except Liens permitted by Section 910.
Appears in 1 contract
Properties; Titles, Etc. (a) Each As of the date of the Acquisition, each of the Borrower and its Subsidiaries has good and defensible title to its the Oil and Gas Properties evaluated in the most recently delivered Reserve Report and good title to all its personal Properties, in each case, free and clear of all Liens except Liens permitted by Section 9.
Appears in 1 contract
Samples: Credit Agreement (ABC Funding, Inc)
Properties; Titles, Etc. (a) Each of the The Borrower and its the Borrower’s Subsidiaries each has good and defensible title to its the Oil and Gas Properties evaluated in the most recently delivered Reserve Report and good title to all its personal Properties, in each case, free and clear of all Liens except Liens permitted by Section 9.
Appears in 1 contract
Properties; Titles, Etc. (a) Each of the Borrower and its the Subsidiaries has good and defensible title (subject to its Immaterial Title Deficiencies) to the Proved Oil and Gas Properties evaluated in the most recently delivered Reserve Report and good title in all material respects to all its personal Properties, in each case, free and clear of all Liens except Liens permitted by Section 9.
Appears in 1 contract
Properties; Titles, Etc. (a) Each of the Borrower and its Subsidiaries Loan Parties has good and defensible title to its the Oil and Gas Properties evaluated in the most recently delivered Reserve Report and good title to all its personal Properties, in each case, free and clear of all Liens except Liens permitted by Section 9.
Appears in 1 contract
Properties; Titles, Etc. (a) Each of the Borrower and its Restricted Subsidiaries has good and defensible title to its Oil and Gas Properties evaluated in the most recently delivered Reserve Report Borrower’s year-end reserve report and good title to all its personal Properties, in each case, free and clear of all Liens except Liens permitted by Section 9.
Appears in 1 contract
