Title Defect Notices. On or before June 26, 2013 (the “Title Claim Date”), Buyer must deliver claim notices to Seller meeting the requirements of this Section 11.2(a) (collectively the “Title Defect Notices” and individually a “Title Defect Notice”) setting forth any matters which, in Buyer’s reasonable opinion, constitute Title Defects and which Buyer intends to assert as a Title Defect pursuant to this Article XI. For all purposes of this Agreement and notwithstanding anything herein to the contrary, Buyer shall be deemed to have waived, and Seller shall have no liability for, any Title Defect which Buyer fails to assert as a Title Defect by a Title Defect Notice received by Seller on or before the Title Claim Date. To be effective, each Title Defect Notice shall be in writing, and shall include (i) a description of the alleged Title Defect(s), (ii) the Leases and Xxxxx (and the applicable zone(s) therein) and/or other Assets affected by the Title Defect (each a “Title Defect Property”), (iii) the Allocated Value of each Title Defect Property, (iv) supporting documents reasonably necessary for Seller to verify the existence of the alleged Title Defect(s), and (v) the amount by which Buyer reasonably believes the Allocated Value of each Title Defect Property is reduced by the alleged Title Defect(s) and the computations upon which Buyer’s belief is based. To give Seller an opportunity to commence reviewing and curing Title Defects, Buyer agrees to use reasonable efforts to give Seller, on or before the end of each calendar week prior to the Title Claim Date, written notice of all Title Defects discovered by Buyer during the preceding calendar week, which notice may be preliminary in nature and supplemented prior to the Title Claim Date. Buyer shall also promptly furnish Seller with written notice of any Title Benefit which is discovered by any of Buyer’s or any of its Affiliate’s employees, title attorneys, landmen or other title examiners while conducting Buyer’s due diligence with respect to the Assets prior to the Title Claim Date.
Title Defect Notices. Buyer must deliver, on or before 5:00 p.m. (Central Time) on April 22, 2011 (the “Title Claim Date”), claim notices to Seller meeting the requirements of this Section 11.2(a) (collectively the “Title Defect Notices” and individually a “Title Defect Notice”) setting forth any matters which, in Buyer’s reasonable opinion, constitute Title Defects and which Buyer intends to assert as a Title Defect pursuant to this Section 11.
Title Defect Notices. On or before ten (10) days prior to Closing (the “Title Claim Date”), Buyer must deliver claim notices to Company meeting the requirements of this Section 2.05(b) (a “Title Defect Notice”) setting forth any matters which, in Buyer’s reasonable opinion, constitute Title Defects and which Buyer intends to assert as a Title Defect pursuant to this Section 2.05. Except for a breach of Section 4.07(c), which shall not be limited by this sentence, Buyer shall be deemed to have waived, and the Sellers and the Company shall have no liability for, any Title Defect which Buyer fails to assert as a Title Defect by a Title Defect Notice received by Company on or before the Title Claim Date. To be effective, each Title Defect Notice shall be in writing, and shall include (A) a description of the alleged Title Defect(s), (B) the Well(s) (and the applicable zone(s) therein) and/or other Oil and Gas Interests affected by the Title Defect (each a “Title Defect Property”), (C) the Allocated Value of each Title Defect Property, (D) supporting documents reasonably necessary for the Sellers to verify the existence of the alleged Title Defect(s), and (E) the amount by which Buyer reasonably believes the Allocated Value of each Title Defect Property is reduced by the alleged Title Defect(s) and the computations upon which Buyer’s belief is based.
Title Defect Notices. Buyer must deliver (which delivery may be by email), on or before 5:00 p.m. (Prevailing Central Time) on September 25, 2017 (the “Title Claim Date”), claim notices to Seller’s Representative meeting the requirements of this Section 13.2(a) (collectively the “Title Defect Notices” and individually a “Title Defect Notice”) setting forth any matters which, in Buyer’s reasonable opinion, constitute Title Defects and which Buyer intends to assert as a Title Defect pursuant to this Section 13.
Title Defect Notices. If the Closing occurs and Buyer thereafter discovers any Title Defect affecting any Oil and Gas Property, Buyer shall notify Sellers of such alleged Title Defect during the survival period stated in the first sentence of Section 12.06 ("Survival Period"). Such notice ("Title Defect Notice") must (i) be in writing, (ii) be received by Sellers prior to the expiration of the Survival Period, (iii) describe the Title Defect in reasonable detail (including where calculable any alleged variance in the Net Revenue Interest or Working Interest with respect to a Producing Mineral Property), (iv) identify the specific Asset or Assets affected by such Title Defect, and (v) include the value of such Title Defect as determined by Buyer. Any matters that may otherwise constitute Title Defects, but of which Sellers have not been notified by Buyer in accordance with the foregoing sentence within the Survival Period, shall be deemed to have been waived by Buyer for all purposes. Buyer's notice shall be deemed to have complied with the requirements for a Title Defect Notice set forth in the second sentence of this Section 4.03 unless Sellers notify Buyer of any objection and the reasons therefore to the form of such notice within 30 days after Sellers' receipt thereof. The failure to give an adequate Title Defect Notice does not prevent Buyer from subsequently giving an adequate Title Defect Notice within the Survival Period.
Title Defect Notices. In the event Buyer discovers defects in Seller's title, the Buyer shall notify the Seller in writing. Thereafter, Seller shall have until the closing date to cure any defect in title, at Seller's sole cost and expense. All title defects not discovered or brought to Seller's attention prior to June 1st, 2006 at 5:00 o'clock p.m. shall be deemed waived by the Buyer.
Title Defect Notices. From the Execution Date and until 5:00 p.m. Houston, Texas time on such date that falls 45 Days
Title Defect Notices. On or before the date that is eighteen (18) months following the Closing Date (the “Title Defect Claim Date”), Buyer may deliver claim notices to Seller meeting the requirements of this Section 11.2(a) (collectively the “Title Defect Notices,” and each individually a “Title Defect Notice”) setting forth any matters which, in Buyer’s reasonable opinion, constitute Title Defects and which Buyer intends to assert as a Title Defect pursuant to this Article XI. For all purposes of this Agreement and notwithstanding anything herein to the contrary (except as provided in Section 11.1), Buyer shall be deemed to have waived, and none of Seller or any of the Seller Indemnified Parties shall have any liability for, any Title Defect that Buyer fails to assert as a Title Defect by a Title Defect Notice received by Seller on or before the Title Defect Claim Date. To be effective, each Title Defect Notice shall be in writing, and shall include (i) a description of the alleged Title Defect(s),
Title Defect Notices. On or before 4:00 p.m. (Mountain Time) on October 5, 2011 (the “Defect Claim Date”), Buyer shall deliver notices to Sellers meeting the requirements of this Section 6.2(a) (each, a “Title Defect Notice”) setting forth any matters which, in Buyer’s reasonable opinion, constitute Title Defects and which Buyer intends to assert as a Title Defect pursuant to this Section 6.
Title Defect Notices. On or before the date that is six months following the Execution Date (the “Title Defect Claim Date”), STC Eagleville must deliver claim notices to Forest meeting the requirements of this Section 3.2(a) (collectively, the “Title Defect Notices” and individually, a “Title Defect Notice”) setting forth any matters which, in STC Eagleville’s reasonable opinion, constitute Title Defects and which STC Eagleville intends to assert as a Title Defect pursuant to this Article III. For all purposes of this Agreement and notwithstanding anything herein to the contrary (except for the warranty of title contained in the Conveyance), STC Eagleville shall be deemed to have waived, and Forest shall have no Liability for, any Title Defect which STC Eagleville fails to assert as a Title Defect by a Title Defect Notice delivered to Forest on or before the Title Defect Claim Date. To be effective, each Title Defect Notice shall be in writing, and shall include (i) a description of the alleged Title Defect(s), (ii) the Leases or Initial Xxxxx affected by the Title Defect (each, a “Title Defect Property”), (iii) the Allocated Value of the Conveyed Interests in such Title Defect Property, (iv) supporting documents available to STC Eagleville reasonably necessary for Forest to verify the existence of the alleged Title Defect(s) and (v) the amount by which STC Eagleville reasonably believes the Allocated Value of the Conveyed Interests of each Title Defect Property is reduced by the alleged Title Defect(s) and the computation upon which STC Eagleville’s belief is based.
