Common use of Title Information Clause in Contracts

Title Information. (a) In connection with the delivery to the Administrative Agent and the Lenders of each Reserve Report required by Section 5.15(a), the Borrower will deliver to the Administrative Agent title information in form and substance reasonably acceptable to the Administrative Agent but consistent with usual and customary standards for the geographic regions in which the Borrowing Base Properties are located covering enough of the Proved Reserves so that the Administrative Agent shall have received (together with title information previously delivered to the Administrative Agent) satisfactory title information on at least 80% of the total PV-9 of the Borrowing Base Properties evaluated by such Reserve Report.

Appears in 3 contracts

Samples: Credit Agreement (Southwestern Energy Co), Credit Agreement, Credit Agreement (Southwestern Energy Co)

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Title Information. (a) In connection with On or before the delivery to the Administrative Agent and the Lenders of each Reserve Report required by Section 5.15(a8.12(a), to the extent requested by the Administrative Agent, the Borrower will shall deliver to the Administrative Agent title information in form and substance reasonably acceptable to the Administrative Agent but consistent with usual and customary standards for the geographic regions in which covering enough of the Borrowing Base Properties are located covering enough of evaluated by such Reserve Report that were not included in the Proved Reserves 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 8085% of the total PV-9 of the Borrowing Base Properties evaluated by such Reserve ReportProperties.

Appears in 2 contracts

Samples: Senior Secured Revolving Credit Agreement (Halcon Resources Corp), Senior Secured Revolving Credit Agreement (Halcon Resources Corp)

Title Information. (a) In connection with On or before the delivery to the Administrative Agent and the Lenders of each Reserve Report required by Section 5.15(a8.11(a), the Borrower will shall deliver to the Administrative Agent title information in form and substance reasonably acceptable to the Administrative Agent but consistent with usual and customary standards for the geographic regions in which the Borrowing Base Properties are located covering enough of the Proved Reserves so that the Administrative Agent shall have received (together with title information previously delivered to the Administrative Agent) satisfactory title information on at least 80% of the total PV-9 of the Borrowing Base Properties evaluated by such Reserve Report that were not included in the immediately preceding Reserve Report., so that the Administrative Agent shall have received reasonably satisfactory title information on Hydrocarbon Interests constituting at least 85% of the PV-10 of the Borrowing Base Properties evaluated by such Reserve Report as determined by the Administrative Agent. 106

Appears in 2 contracts

Samples: Revolving Credit Agreement (Diversified Energy Co PLC), Revolving Credit Agreement (Diversified Energy Co PLC)

Title Information. (a) In connection with the delivery to the Administrative Agent and the Lenders of each Reserve Report required by Section 5.15(a8.12(a), the Borrower will shall deliver to the Administrative Agent title information in form and substance reasonably acceptable to the Administrative Agent but consistent with usual and customary standards for the geographic regions in which covering enough of the Borrowing Base Properties are located covering enough of evaluated by such Reserve Report that were not included in the Proved Reserves 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 Hydrocarbon Interests constituting at least 8085% of the total PV-9 of the Borrowing Base Properties evaluated by such Reserve ReportReport as determined by the Administrative Agent.

Appears in 2 contracts

Samples: Senior Secured Revolving Credit Agreement (Goodrich Petroleum Corp), Senior Secured Revolving Credit Agreement (Goodrich Petroleum Corp)

Title Information. (a) In connection with On or before the delivery to the Administrative Agent and the Lenders of each Reserve Report required by Section 5.15(a5.1(e), the Borrower will deliver to the Administrative Agent title information in form and substance reasonably acceptable to the Administrative Agent but consistent with usual and customary standards for the geographic regions in which the Borrowing Base Properties are located covering enough of the Proved Reserves so of the Borrower and its Subsidiaries that were not included in the immediately preceding Reserve Report, such that the Administrative Agent shall have received (received, together with title information previously delivered to the Administrative Agent) satisfactory , title information reasonably satisfactory to it on at least 8090% of the total PV-9 PV-10 Value of the Borrowing Base Properties evaluated by such Reserve ReportProved Reserves of the Borrower and its Subsidiaries.

Appears in 2 contracts

Samples: Credit Agreement (Mission Resources Corp), Credit Agreement (Mission Resources Corp)

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Title Information. (a) In connection with On or before the delivery to the Administrative Agent and the Lenders of each Reserve Report required by Section 5.15(a8.12(a), to the extent requested by the Administrative Agent, the Borrower will shall deliver to the Administrative Agent title information in form and substance reasonably acceptable to the Administrative Agent but consistent with usual and customary standards for the geographic regions in which covering enough of the Borrowing Base Properties are located covering enough of evaluated by such Reserve Report that were not included in the Proved Reserves 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% eighty-five percent (85%) of the total PV-9 of the Borrowing Base Properties evaluated by such Reserve ReportProperties.

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (Halcon Resources Corp)

Title Information. (a) In connection with the delivery to the Administrative Agent and the Lenders of each Reserve Report required by Section 5.15(a)) during a Borrowing Base Period, the Borrower will deliver to the Administrative Agent title information in form and substance reasonably acceptable to the Administrative Agent but consistent with usual and customary standards for the geographic regions in which the Borrowing Base Properties are located covering enough of the Proved Reserves so that the Administrative Agent shall have received (together with title information previously delivered to the Administrative Agent) satisfactory title information on at least 80% of the total PV-9 of the Borrowing Base Properties evaluated by such Reserve Report.

Appears in 1 contract

Samples: Credit Agreement (Southwestern Energy Co)

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