Title Information. (a) As of the date hereof, the Administrative Agent or its counsel shall have received satisfactory title information on at least 80% of the total value of the Proved Oil and Gas Properties evaluated in the Initial Reserve Report. Additionally, on or before the delivery to the Administrative Agent and the Lenders of each Reserve Report required by Section 8.12(a), the Borrower will deliver title information in form and substance reasonably acceptable to the Administrative Agent covering enough of the Proved Oil and Gas Properties evaluated by such Reserve Report that were not included in the immediately preceding Reserve Report, so that the Administrative Agent shall have received together with title information previously delivered to the Administrative Agent, reasonably satisfactory title information on at least 80% of the total value of the Proved Oil and Gas Properties evaluated by such Reserve Report.
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Samples: Credit Agreement (LRR Energy, L.P.), Credit Agreement (LRR Energy, L.P.)
Title Information. (a) As of the date hereof, the Administrative Agent or its counsel shall have received satisfactory title information on at least 80% of the total value of the Proved proved Oil and Gas Properties evaluated in the Initial Reserve ReportReports. Additionally, on or before the delivery to the Administrative Agent and the Lenders Banks of each Reserve Report required by Section 8.12(a7.02(c), the Borrower will deliver title information in form and substance reasonably acceptable to the Administrative Agent covering enough of the Proved proved Oil and Gas Properties evaluated by such Reserve Report that were not included in the immediately preceding Reserve Report, so that the Administrative Agent shall have received received, together with title information previously delivered to the Administrative Agentdelivered, reasonably satisfactory title information on at least 80% of the total value of the Proved proved Oil and Gas Properties evaluated by such Reserve Report.
Appears in 2 contracts
Samples: Credit Agreement (Stroud Energy Inc), Credit Agreement (Stroud Energy Inc)
Title Information. (a) As of the date hereof, the Administrative Agent or its counsel shall have received satisfactory title information on at least 80% of the total value of the Proved proved Oil and Gas Properties evaluated in the Initial Reserve Report. Additionally, on or before the delivery to the Administrative Agent and the Lenders of each Reserve Report required by Section 8.12(a), the Borrower will deliver title information in form and substance reasonably acceptable to the Administrative Agent covering enough of the Proved proved Oil and Gas Properties evaluated by such Reserve Report that were not included in the immediately preceding Reserve Report, so that the Administrative Agent shall have received together with title information previously delivered to the Administrative Agentdelivered, reasonably satisfactory title information on at least 80% of the total value of the Proved proved Oil and Gas Properties evaluated by such Reserve Report.
Appears in 2 contracts
Samples: Credit Agreement (Ellora Energy Inc), Credit Agreement (Ellora Energy Inc)
Title Information. (a) As of the date hereof, the Administrative Agent or its counsel shall have received satisfactory title information on at least 80% of the total value of the Proved proved Oil and Gas Properties evaluated in the Initial Reserve Report. Additionally, on or before the delivery to the Administrative Agent and the Lenders of each Reserve Report required by Section 8.12(a), the Borrower Borrowers will deliver title information in form and substance reasonably acceptable to the Administrative Agent covering enough of the Proved proved Oil and Gas Properties evaluated by such Reserve Report that were not included in the immediately preceding Reserve Report, so that the Administrative Agent shall have received together with title information previously delivered to the Administrative Agentdelivered, reasonably satisfactory title information on at least 80% of the total value of the Proved proved Oil and Gas Properties evaluated by such Reserve Report.
Appears in 1 contract
Samples: Credit Agreement (Ellora Energy Inc)
Title Information. (a) As of the date hereofEffective Date, the Administrative Agent or its counsel shall have received satisfactory title information on at least 80% of the total value Recognized Value of the Proved proved Oil and Gas Properties evaluated in the Initial Reserve Report. Additionally, on or before the delivery to the Administrative Agent and the Lenders of each Reserve Report required by Section 8.12(a), the Borrower Borrowers will deliver title information in form and substance reasonably acceptable to the Administrative Agent covering enough of the Proved proved Oil and Gas Properties evaluated by such Reserve Report that were not included in the immediately preceding Reserve Report, so that the Administrative Agent shall have received together with title information previously delivered to the Administrative Agentdelivered, reasonably satisfactory title information on at least 80% of the total value Recognized Value of the Proved proved Oil and Gas Properties evaluated by such Reserve Report.
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Title Information. (a) As of the date hereof, the Administrative Agent or its counsel shall have received satisfactory title information on at least 80% of the total value of the Proved Oil and Gas Properties evaluated in the Initial Reserve Report. Additionally, on or before the delivery to the Administrative Agent and the Lenders of each Reserve Report required by Section 8.12(a), the Borrower will deliver title information in form and substance reasonably acceptable to the Administrative Agent covering enough of the Proved Oil and Gas Properties evaluated by such Reserve Report that were not included in the immediately preceding Reserve Report, so that the Administrative Agent shall have received received, together with title information previously delivered to the Administrative Agent, reasonably satisfactory title information on at least 80% of the total value of the Proved Oil and Gas Properties evaluated by such Reserve Report.
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Title Information. (a) As of the date hereofEffective Date, the Administrative Agent or its counsel shall have received satisfactory title information on at least 8075% of the total value Recognized Value of the Proved proved Oil and Gas Properties evaluated in the Initial Reserve Report. Additionally, on or before the delivery to the Administrative Agent and the Lenders of each Reserve Report required by Section 8.12(a), the Borrower Borrowers will deliver title information in form and substance reasonably acceptable to the Administrative Agent covering enough of the Proved proved Oil and Gas Properties evaluated by such Reserve Report that were not included in the immediately preceding Reserve Report, so that the Administrative Agent shall have received together with title information previously delivered to the Administrative Agentdelivered, reasonably satisfactory title information on at least 8075% of the total value Recognized Value of the Proved proved Oil and Gas Properties evaluated by such Reserve Report.
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