Title Data. In addition to the title information required by Section 6.1(c) hereof, Borrower shall, upon the request of Required Banks, cause to be delivered to Administrative Agent such title opinions and other information regarding title to Mineral Interests owned by any Credit Party as are appropriate to determine the status thereof; provided, however, that, Banks may not require the Credit Parties to furnish title opinions (except pursuant to Section 6.1(c)) unless (a) an Event of Default shall have occurred and be continuing, or (b) Required Banks have reason to believe that there is a defect in or encumbrance upon any such Credit Party's title to such Mineral Interests that is not a Permitted Encumbrance.
Appears in 2 contracts
Samples: Credit Agreement (Denbury Resources Inc), Credit Agreement (Denbury Resources Inc)
Title Data. In addition to the title information required by Section Sections 5.3 and 6.1(c) hereof, Borrower shall, upon the request of Required Banks, cause to be delivered to Administrative Agent such title title, opinions and other information regarding title to Mineral Interests owned by any Credit Party Borrower as are appropriate to determine the status thereof; provided, however, that, that the Banks may not require the Credit Parties to furnish title opinions (except pursuant to Section 5.3 and 6.1(c)) unless (a) an Event of Default shall have occurred and be continuing, or (b) the Required Banks have reason to believe that there is a defect in or encumbrance upon any such Credit PartyXxxxxxxx's title to such Mineral Interests that is not a Permitted Encumbrance."
Appears in 1 contract
Title Data. In addition to the title information required by Section 6.1(cSections 6.2 and 7.1(d) hereof, Borrower Borrowers shall, upon the request of Required Banks, cause to be delivered to Administrative Agent such limited title opinions and other information regarding title to Mineral Interests owned by Borrowers or any other Credit Party as are appropriate to determine the status thereof; provided, however, that, that Banks may not require the Credit Parties Borrower to furnish title opinions (except pursuant to Section 6.1(cSections 6.2 and 7.1(d)) unless (a) an Event of Default shall have occurred and be continuing, or (b) Required Banks have reason to believe that there is a defect in or encumbrance upon any such Credit Party's Borrowers' title to such Mineral Interests that is not a Permitted Encumbrance.
Appears in 1 contract
Samples: Credit Agreement (Prize Energy Corp)
Title Data. In addition to the title information required by Section 6.1(c) hereof, Borrower shall, upon the request of Required Banks, cause to be delivered to Administrative Agent such title opinions and other information regarding title to Mineral Interests owned by any Credit Party as are appropriate to determine the status thereof; provided, however, that, Banks may not require the Credit Parties to furnish title opinions (except pursuant to Section 6.1(c)) unless (a) an Event of Default shall have occurred and be continuing, or (b) Required Banks have reason to believe that there is a defect in or encumbrance upon any such Credit Party's ’s title to such Mineral Interests that is not a Permitted Encumbrance.
Appears in 1 contract
Title Data. In addition to the title information required by Section Sections 5.3 and 6.1(c) hereof, Borrower shall, upon the request of Required Banks, cause to be delivered to Administrative Agent such title opinions and other information regarding title to Mineral Interests owned by any Credit Party Borrower as are appropriate to determine the status thereof; provided, however, that, that the Banks may not require the Credit Parties to furnish title opinions (except pursuant to Section 5.3 and 6.1(c)) unless (a) an Event of Default shall have occurred and be continuing, or (b) the Required Banks have reason to believe that there is a defect in or encumbrance upon any such Credit PartyBorrower's title to such Mineral Interests that is not a Permitted Encumbrance."
Appears in 1 contract