Title Due Diligence. Prior to commencing the drilling of any Development Well, XxxxXxxxx shall perform such title due diligence and such title curative work as would be performed by an oil and gas operator drilling a well and acting in accordance with the Reasonably Prudent Operator Standard.
Title Due Diligence. Administrative Agent shall have received title opinions and other title information and data reasonably acceptable to Administrative Agent covering not less than 85% of the value of the Mortgaged Properties included in the Borrowing Base, reflecting title to the Hydrocarbon Interests of the Credit Parties in such Mortgaged Properties which is reasonably acceptable to Administrative Agent.
Title Due Diligence. Prior to commencing the drilling of any Development Well, Chesapeake shall perform such title due diligence and such title curative work as would be performed by an oil and gas operator drilling a well and acting in accordance with the Reasonably Prudent Operator Standard.
Title Due Diligence. Prior to commencing the drilling of any Development Well, Assignor will perform such title due diligence and such title curative work as would be performed by an oil and gas operator drilling a well and acting in accordance with the Reasonably Prudent Operator Standard.
Title Due Diligence. Prior to commencing the drilling of any Development Well, Operator will perform such title due diligence and such title curative work as would be performed by an oil and gas operator drilling a well and acting in accordance with the Reasonably Prudent Operator Standard.
Title Due Diligence. The Parent shall, upon the request of the Administrative Agent, cause to be delivered to the Administrative Agent such title due diligence regarding title to the Collateral owned by the Company Parties (including title searches by Xxxxxxxx Title Company with respect to the Coal Assets) and the perfection and priority of the Administrative Agent's liens therein, as and to the extent such Collateral are required to be mortgaged pursuant hereto, as are reasonably appropriate to determine the status thereof;
Title Due Diligence. (a) From the date of this Agreement until 5:00 p.m. Central Time on June 30, 2006 (the “Examination Period”), Noble shall afford Purchaser and its authorized representatives reasonable access during normal business hours to the office, personnel and books and records of Noble in order for Purchaser to conduct a title examination as it may choose to conduct with respect to the Assets in order to determine whether Title Defects exist (“Purchaser’s Title Review”); provided, however, that such investigation shall be upon reasonable notice and shall not unreasonably disrupt the personnel and operations of Noble or impede the efforts of Noble to comply with its other obligations under this Agreement. Such books and records shall include all abstracts of title, title opinions, title files, ownership maps, lease files, assignments, division orders, operating records and agreements, well files, financial and accounting records, geological, geophysical and engineering records, in each case insofar as same may now be in existence and in the possession of Noble, excluding, however, any information that Noble is prohibited from disclosing by bona fide, Third Party confidentiality restrictions (provided that Noble shall use its reasonable efforts to cause such restrictions to be removed with respect to Purchaser). The cost and expense of Purchaser’s Title Review, if any, shall be borne solely by Purchaser. Prior to the Closing Date, Purchaser shall not contact any of the customers or suppliers of Noble or its working interest co-owners or operators in connection with the transactions contemplated hereby, whether in person or by telephone, mail or other means of communication, without the prior written consent of Noble.
(b) If Purchaser discovers any Title Defect affecting any of the Assets, Purchaser may notify Noble prior to the expiration of the Examination Period of such alleged Title Defect. To be effective, such notice (“Title Defect Notice”) must (i) be in writing, (ii) be received by Noble prior to the expiration of the Examination Period, (iii) describe the Title Defect in detail (including any alleged variance in the Net Revenue Interest), (iv) identify the specific Asset(s) affected by such Title Defect, and (v) include the value of such Title Defect as determined by Purchaser in good faith. Subject to Sections 3.7, 3.9, 3.10, 4.11, 4.12, 4.16 and 4.17, any matters that may otherwise constitute Title Defects, but of which Noble has not been specifically notifi...
Title Due Diligence. After execution and delivery of this Agreement, ARCO Alaska will make available during ARCO Alaska's regular business hours, for Purchaser's review, records in ARCO Alaska's possession relating to the title to the individual Fields and Exploration Leases. As soon as reasonably practicable (and on an ongoing basis), but in no event later than 120 days after the First Closing, Purchaser may notify Sellers in writing of any (a) title defect which results in a reduction in Area Participation Percentage as set forth in Schedule 8.9 of the Disclosure Schedule for the Field in question, and (b) any failure of title in and to an Exploration Lease. Such notice shall include a description and reasonably detailed explanation (including any and all supporting documentation associated therewith) of each title defect or title failure being claimed. The parties shall meet from time to time as necessary in an attempt to agree on a resolution with respect to any title defects or title failures raised by Purchaser.
Title Due Diligence. From the date hereof until no later than three (3) days prior to the Closing Date, Buyer may conduct, at its sole cost, such title examinations and investigations (the “Title Diligence Review”) as it may in its sole discretion choose to conduct to determine if any Title Defects exist.
Title Due Diligence. The Agent shall have received all requested lien releases, title opinions and other title due diligence material satisfactory to it evidencing the Seller's title to the property being acquired under the Purchase Agreement.
