Title Examination Period. Sellers shall obtain a title commitment ------------------------ from the Title Insurer insuring the leasehold estate under the Leases as soon as reasonably possible after the date of this Agreement. Buyer shall have thirty days to examine title from last to occur of the Sellers' delivery to Buyer of the following: (i) a current title commitment with respect to the Leased Real Property, committing to an extended coverage leasehold policy of title insurance from the Title Insurer, in an amount equal to the fair market value of the Leased Real Property, to include access and contiguity endorsements, and insuring title to the Leased Real Property to be in fee simple subject only to the Permitted Exceptions; (ii) copies of all documents noted as exceptions in the title commitment; and (iii) a current ALTA survey for the Leased Real Property (referred to herein as the "Title Examination Period"). If Buyer's examination of title reflects exceptions to title other than the Permitted Exceptions, Buyer shall so notify Sellers in writing specifying such defects prior to the expiration of the Title Examination Period. Sellers shall have thirty (30) days from receipt of written notice from Buyer within which to remove said defects, and if Sellers are unsuccessful in removing them within said time, Buyer shall have the option of either: (i) accepting the title in its then existing condition; or (ii) canceling this Agreement, whereupon the parties shall be released of all further obligations under this Agreement. Sellers agree that they will use their best efforts to correct the defects in title within the time provided therefor, including the bringing of necessary suits. If such title defects, if any, are not cured by the date otherwise set for closing but are cured within the original or extended cure periods, as applicable, then closing shall occur within ten (10) days after the title has been cured, provided the other conditions of this Agreement to closing have been met.
Title Examination Period. Commencing on the date of the execution of this Agreement and ending May 24st, 2013 at 5:00 p.m. Houston time (the “Title Examination Period”), Seller shall, subject to Section 7.01, (a) permit Buyer and/or its representatives to examine, in a reasonable manner, during regular business hours and in Seller’s and its Affiliates’ offices, all abstracts of title, title opinions, title files, ownership maps, Property files, assignments, division orders, operating records and agreements (including the Contracts), and all other non-confidential and non-proprietary documents and files pertaining to the Assets insofar as same may now be in existence and in the possession of Seller or its Affiliates and (b) subject to Third Party operator approval and the provisions of Section 7.01 hereof, permit Buyer and/or its representatives, during regular business hours and at Buyer’s sole risk, cost and expense, to conduct reasonable inspections of the Assets (other than environmental inspections which are covered by Section 5.01 hereof).
Title Examination Period. Commencing on the date hereof and ending October 4, 2010 at 6:00 p.m. Midland, Texas time (the “Title Examination Period”), Seller shall, subject to Section 7.01, (a) permit Buyer and/or its representatives to examine, primarily by electronic “paper vision” and otherwise in a manner reasonably acceptable to Seller, at reasonable times and in Seller’s offices, all abstracts of title, title opinions, title files, ownership maps, Lease files, assignments, division orders, operating records and agreements (including the Contracts) and all other non-confidential and non-proprietary records and files pertaining to the Assets insofar as same may now be in existence and in the possession or control of Seller and (b) subject to Third Party operator approval, permit Buyer and/or its representatives, at reasonable times and at Buyer’s sole risk, cost and expense, to conduct reasonable inspections of the Assets (other than environmental inspections which are covered by Section 5.01 hereof).
Title Examination Period. Commencing on the date hereof and ending May 9, 2014, at 6:00 p.m. Houston, Texas time (the “Title Examination Period”), each Seller shall, subject to Section 7.01, (a) permit Buyer and/or its representatives to examine, at reasonable times and in the offices of Operator, all abstracts of title, title opinions, title files, ownership maps, Lease files, assignments, division orders, operating records and agreements (including the Contracts), environmental files (including all such materials necessary to allow Buyer to ascertain whether Sellers and/or Operator possess all required environmental permits in connection with the Assets) and all other non-confidential and non-proprietary records and files pertaining to the Assets insofar as same may now be in existence and in the possession or control of such Seller or its Controlled Affiliates and (b) subject to Third Party operator approval, permit Buyer and/or its representatives, at reasonable times and at Buyer’s sole risk, cost and expense, to conduct reasonable inspections of the Assets (other than environmental inspections which are covered by Section 5.01).
Title Examination Period. From the date of this Agreement until 5:00 p.m. (local time in Dallas, Texas) on June 24, 2011 (the “Examination Period”), the Company shall afford to Laredo, and Laredo shall afford to the Company, and their respective authorized representatives reasonable access during normal business hours to the office, personnel and books and records of the Company or Laredo and its subsidiaries, as applicable, in order for the other Party to conduct an examination as it may in its sole discretion choose to conduct with respect to the Company Properties or the Laredo Properties, as applicable (the “Review”); provided, however, that such investigation shall be upon reasonable notice and shall not unreasonably disrupt the personnel and operations of the Company or Laredo and its subsidiaries, as applicable. Such books and records shall include, without limitation, 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, tax files, and any other files and records relating to the Company Properties or Laredo Properties, as applicable, in each case insofar as same may now be in existence and in the possession of the Company or Laredo and any of its subsidiaries, as applicable, excluding, however, any information that the Company or Laredo or any of its subsidiaries, as applicable, is prohibited from disclosing by bona fide, Third Party confidentiality restrictions; provided, that if requested by the other Party, the Company or Laredo, as applicable, shall use its commercially reasonable efforts, without the requirement to make any payment or provide any other consideration, to obtain a waiver of any such restrictions in favor of Laredo or the Company, as applicable. The cost and expense of the Review, if any, shall be borne solely by the Party incurring such cost and expense. Laredo and the Company, as applicable, shall not, during the Examination Period, contact any of the customers or suppliers of the other Party, or the other Party’s working interest co-owners, operators, lessors or surface interest owners, in connection with the transactions contemplated hereby, whether in person or by telephone, mail or other means of communication, without the specific prior written consent of the Company or Laredo, as applicable, which consent shall not be unreasonably withheld.
Title Examination Period. Provided that Seller timely provides access to the Records and other materials as contemplated in Section 7.1, the “Title Examination Period” will commence on the date of this Agreement and end at 5:00 P.M. CDT on August 22, 2011.
Title Examination Period. (a) For a period of forty five (45) days following the execution of this Agreement, but in any event, no later than 5:00 p.m. local time in Lafayette, Louisiana on April 7, 2006 (the “Title Examination Period”), Seller shall permit Buyer and/or its representatives to examine, at reasonable times during normal business days and hours and in Seller’s and the Target Entities’ offices, all abstracts of title, title opinions, title files, ownership maps, Lease, Warranty Well and division order files, assignments, operating and accounting records and all Surface Agreements, Permits, Contracts and other agreements pertaining to the Assets or under which the Target Entities will be liable as of the Closing insofar as same may now be in existence and in the possession or control of Seller or any of the Target Entities, subject to such restrictions upon disclosure as may exist under confidentiality or other agreements binding upon Seller, the Target Entities or such data (provided that Seller shall use its reasonable efforts to cause such restrictions to be waived). Notwithstanding anything contained herein to the contrary, in no event shall Buyer have access to or be entitled to review any abstracts of title, title opinions, title files, ownership maps, lease, Well and division order files, assignments, operating and accounting records and all Surface Agreements, Permits, Contracts and other agreements pertaining to the Excluded Assets.
Title Examination Period. Commencing on the date of the execution of this Agreement and ending on March 23, 2010, at 5:00 p.m. local time where the Assets are located (the “Title Examination Period”), Seller shall, subject to Section 7.01, (a) permit Buyer, and EVOC with respect to the Buildings, and/or their respective representatives to examine, in a reasonable manner, at reasonable times and in Seller’s offices, abstracts of title, title opinions, title files, ownership maps, Property files, assignments, division orders, operating records, agreements (including the Contracts) and all other files and records pertaining to the Assets insofar as same may now be in existence and in the possession of Seller and
Title Examination Period. During the period commencing with the execution date of this Agreement and concluding three (3) business days prior to the Closing Date, Seller shall provide Purchaser and/or its representatives access to and or use its best efforts to cause the operator of any portion of the Subject Property to allow Purchaser access to (i) all abstracts of title, title opinions, title files, ownership maps, lease files, assignments, divisions orders, operating records, agreements and other books, records, contracts, correspondence, maps, data, reports, documents and information of Seller pertaining to the Subject Property, and (ii) the Subject Property in order to conduct inspections thereof.
Title Examination Period. Commencing on the date of the execution of this Agreement and ending on March 23, 2010, at 5:00 p.m. local time where the Assets are located (the “Title Examination Period”), Seller shall, subject to Section 7.01, (a) permit Buyer, and EVOC with respect to the Buildings, and/or their respective representatives to examine, in a reasonable manner, at reasonable times and in Seller’s offices, abstracts of title, title opinions, title files, ownership maps, Property files, assignments, division orders, operating records, agreements (including the Contracts) and all other files and records pertaining to the Assets insofar as same may now be in existence and in the possession of Seller and (b) subject to Third Party operator approval (to the extent applicable and which Seller shall use commercially reasonable efforts to obtain), permit Buyer and EVOC, with respect to the Buildings, and/or their respective representatives, at reasonable times and at Buyer’s and EVOC’s sole risk, cost and expense, to conduct reasonable inspections of the Assets (other than environmental inspections which are covered by Section 5.01).
