Common use of Title Defect Clause in Contracts

Title Defect. The term “Title Defect” means with respect to a Lease any lien, encumbrance, adverse claim, default, expiration, failure, defect in or objection to real property title, other than Permitted Encumbrances, that alone or in combination with other defects renders Sellers’ title to the Lease less than Defensible Title.

Title Defect. The term “Title Defect” means with respect to a Lease any lien, encumbrance, adverse claimencroachment, default, expiration, failureirregularity, defect in or objection to real property title, other than excluding Permitted Encumbrances, that alone or in combination with other defects renders Sellers’ title to the Lease less than Defensible Title.defects:

Title Defect. The term “Title Defect” means with respect to a Lease any lien, encumbrance, adverse claim, default, expiration, failure, defect in or objection to real property title, other than excluding Permitted Encumbrances, that alone or in combination with other defects renders Sellers’ the Seller’s title to the Lease Asset less than Defensible Title.. Notwithstanding the foregoing, the following shall not be considered Title Defects:

Title Defect. The term “Title Defect” means with respect to a Lease any lien, encumbrance, adverse claim, default, expiration, failure, defect in or objection to real property title, other than excluding Permitted Encumbrances, that alone or in combination with other defects renders Sellers’ the Seller’s title to the Lease Asset less than Defensible Title., including, but not limited to, Seller’s inability to provide, to Buyer’s reasonable satisfaction, evidence of current payment of proceeds of production from xxxxx listed on Exhibit B, based on the interests shown thereon. Notwithstanding the foregoing, the following shall not be considered Title Defects:

Title Defect. The term “Title Defect” means means, with respect to a Lease an Asset, any lien, charge, encumbrance, adverse claimobligation, defaultencroachment, expiration, failureirregularity, defect in (including a discrepancy in Net Revenue Interest, Working Interest, Net Acres or Net Revenue Acres) or objection to real property title, other than Permitted Encumbrancestitle of Seller, that alone or in combination with other defects renders Sellers’ title to the Lease such Asset less than Defensible Title.

Title Defect. The term “"Title Defect” " means with respect to a Lease any burden, lease, lawsuit, mortgage, lien, encumbrance, adverse claim, default, expiration, failure, defect in or objection to real property title, other than Permitted Encumbrances, that alone or in combination with other defects renders Sellers’ Seller's title to the Lease less than Defensible Title.

Title Defect. The term “Title Defect” means with respect to a Lease any lien, encumbrance, outstanding mortgage, adverse claim, litigation, default, expiration, failure, calls on production, non-lessor reversionary interests, back-ins, or other similar right, unrecorded lease burdens, preferential purchase rights, defect in or objection to real property title, other than Permitted Encumbrances, that alone or in combination with other defects renders Sellers’ title to the Lease less than Defensible Marketable Title.

Title Defect. The term “Title Defect” means with respect to a Lease any lienLien, encumbranceencroachment, adverse claim, default, expiration, failureirregularity, defect in in, or objection to real property title, other than Permitted Encumbrances, the title of Seller to an Asset that alone or in combination with other defects renders Sellers’ title to the Lease such Asset less than Defensible Title.

Title Defect. The term “Title Defect” means with respect to a Part 1 Lease any lien, encumbrance, adverse claim, default, expiration, failure, defect in or objection to real property title, other than Permitted Encumbrances, that alone or in combination with other defects renders Sellers’ Seller’s title to the Part 1 Lease less than Defensible Title.

Title Defect. The term “Title Defect” means means, with respect to a Lease Lease, any lien, encumbrance, adverse claim, default, expiration, failure, defect in defect, matter or objection to real property titlecondition, other than excluding the Permitted Encumbrances, that alone or in combination with other defects combination, renders Sellers’ the respective Seller’s title to the particular Lease less than Defensible Title.