Common use of Title Assurances Clause in Contracts

Title Assurances. Title opinions and/or other title information and data acceptable to Administrative Agent covering Proved Oil and Gas Properties that in the aggregate represent not less than 85% of the Recognized Value of all Oil and Gas Properties evaluated in the Initial Reserve Report, reflecting title to such Proved Oil and Gas Properties which is acceptable to Administrative Agent;

Appears in 2 contracts

Samples: Credit Agreement (Granite Ridge Resources, Inc.), Credit Agreement (Granite Ridge Resources, Inc.)

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Title Assurances. Title opinions and/or other title information and data acceptable to Administrative Agent covering Proved Oil and Gas Properties that in the aggregate represent not less than 8590% of the Recognized Value of all Oil and Gas Mortgaged Properties evaluated in the Initial Reserve Report, reflecting title to such Proved the Oil and Gas Properties of Borrower and its Subsidiaries in such Mortgaged Properties which is acceptable to Administrative Agent;

Appears in 2 contracts

Samples: Credit Agreement (Granite Ridge Resources, Inc.), Credit Agreement (Granite Ridge Resources, Inc.)

Title Assurances. Title opinions and/or other title information and data acceptable to Administrative Agent covering Proved Oil and Gas Properties that in the aggregate represent not less than 8580% of the Recognized Value of all Oil and Gas Mortgaged Properties evaluated in the Initial Reserve Report, reflecting title to such Proved the Oil and Gas Properties of Borrower and its Subsidiaries in such Mortgaged Properties which is acceptable to Administrative Agent;

Appears in 1 contract

Samples: Credit Agreement (Granite Ridge Resources, Inc.)

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Title Assurances. Title opinions and/or other title information and data acceptable to Administrative Agent covering Proved Oil and Gas Properties that in the aggregate represent not less than 8590% of the Recognized Value of all Oil and Gas Properties evaluated in the Initial Reserve Report, reflecting title to such Proved Oil and Gas Properties which is reasonably acceptable to Administrative Agent;

Appears in 1 contract

Samples: Credit Agreement (Peak Resources LP)

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