Common use of Title to Interests Clause in Contracts

Title to Interests. BATL and its Subsidiaries have (a) generally satisfactory title to all of their interests in their producing oil and gas properties and to all of their material interests in non-producing oil and gas properties, title investigations having been carried out by BATL its Subsidiaries, as applicable, in accordance with the general practice in the oil and gas industry, (b) good and indefeasible title to all other real property owned by them that is material to BATL and its Subsidiaries, taken as a whole, and (c) good and valid title to all personal property owned by them that is material to BATL and its Subsidiaries, taken as a whole, in each case free and clear of all liens, encumbrances and defects, except such liens, encumbrances and defects as (i) do not materially interfere with the use made and proposed to be made of such property by BATL or its Subsidiaries or (ii) would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

Title to Interests. BATL The Company and its Subsidiaries have (ai) generally satisfactory title to all of their interests in their producing oil and gas properties and to all of their material interests in non-producing oil and gas properties, title investigations having been carried out by BATL the Company and its Subsidiaries, as applicable, in accordance with the general practice in the oil and gas industry, (bii) good and indefeasible title to all other real property owned by them that is material to BATL the Company and its Subsidiaries, taken as a whole, and (ciii) good and valid title to all personal property owned by them that is material to BATL the Company and its Subsidiaries, taken as a whole, in each case free and clear of all liens, encumbrances and defects, except such liens, encumbrances and defects as (i) do not materially interfere with the use made and proposed to be made of such property by BATL the Company or its Subsidiaries or (ii) would not, individually or in the aggregate, reasonably be expected to have a Company Material Adverse Effect.