Common use of Title Opinions Clause in Contracts

Title Opinions. It is expressly acknowledged by the Borrower that the waiver by the Borrower (on the basis of the Borrower's business judgment) of any title requirements contained in any title opinions delivered to the Lender from time to time in connection with this Agreement, and funding by the Lender of Advances, shall not constitute a waiver by the Lender of any of the representations or warranties of the Borrower contained herein.

Appears in 3 contracts

Samples: Loan Agreement (Exploration Co of Delaware Inc), Loan Agreement (GMX Resources Inc), Loan Agreement (Venus Exploration Inc)

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Title Opinions. It is expressly acknowledged by the Borrower that the waiver by the Borrower (on the basis of the Borrower's ’s business judgment) of any title requirements contained in any title opinions delivered to the Lender Agent from time to time in connection with this Agreement, and funding by the Lender Lenders of Advances, shall not constitute a waiver by the Lender Agent and the Lenders of any of the representations or warranties of the Borrower contained herein.

Appears in 2 contracts

Samples: Loan Agreement (GMX Resources Inc), Loan Agreement (GMX Resources Inc)

Title Opinions. It is expressly acknowledged by the Borrower that the waiver by the Borrower (on the basis of the Borrower's ’s business judgment) of any title requirements contained in any title opinions delivered to the Lender Agent from time to time in connection with this Agreement, and funding by the Lender Banks of Advances, shall not constitute a waiver by the Lender Agent and the Banks of any of the representations or warranties of the Borrower contained herein.

Appears in 2 contracts

Samples: Loan Agreement (GMX Resources Inc), Loan Agreement (GMX Resources Inc)

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Title Opinions. It is expressly acknowledged by the Borrower that the waiver by the Borrower (on the basis of the Borrower's business judgment) of any title requirements contained in any title opinions delivered to the Lender Agent from time to time in connection with this Agreement, and funding by the Lender Banks of Advances, shall not constitute a waiver by the Lender Agent and the Banks of any of the representations or warranties of the Borrower contained herein.

Appears in 1 contract

Samples: Loan Agreement (GMX Resources Inc)

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