Title to Oil and Gas Interests. Schedule 4.17 contains a complete and accurate list of Frontier's Oil and Gas Interests and sets forth (i) the Working Interests of Frontier therein, and (ii) sufficient detail to determine the Net Revenue Interests of Frontier therein. Except as set forth in the Disclosure Schedule-Frontier:
(a) Frontier (individually or collectively) has Defensible Title to Frontier's Oil and Gas Interests;
(b) the leases and related agreements forming any part of Frontier's Oil and Gas Interests are in full force and effect and are valid and legally binding agreements among the parties thereto, their successors and assigns, enforceable in accordance with their terms in all material respects except for applicable bankruptcy and insolvency laws. All rentals, royalties and other payments due and payable under any such leases and other contracts and agreements forming a part of Frontier's Oil and Gas Interests have been properly and timely paid and all other obligations under such leases and related agreements attendant to the ownership of Frontier's Oil and Gas Interests have been met; and
(c) there are no back-in, reversionary or similar interests (the vesting of which is subject to future production) held by third parties which would reduce the interests of Frontier in Frontier's Oil and Gas Interests from that shown on the Property Schedule.
Title to Oil and Gas Interests. Schedule 2.01 contains a complete and accurate list of Esenjay's Oil and Gas Interests that are being conveyed pursuant to the Exchange and sets forth (i) the Working Interests of Esenjay therein to the extent being conveyed hereby, and (ii) sufficient detail to determine the Net Revenue Interests of Esenjay therein to the extent being conveyed hereby. Except as set forth in the Disclosure Schedule-Esenjay and solely with respect to the Oil and Gas Interests that are included in the Esenjay Assets:
(a) Esenjay (individually or collectively) has Defensible Title to Esenjay's Oil and Gas Interests;
(b) the leases and related agreements forming any part of Esenjay's Oil and Gas Interests are in full force and effect and are valid and legally binding agreements among the parties thereto, their successors and assigns, enforceable in accordance with their terms in all material respects except for applicable bankruptcy and insolvency laws. All rentals, royalties and other payments due and payable under any such leases and other contracts and agreements forming a part of Esenjay's Oil and Gas Interests have been properly and timely paid and all other obligations under such leases and related agreements attendant to the ownership of Esenjay's Oil and Gas Interests have been met; and
(c) there are no back-in, reversionary or similar interests (the vesting of which is subject to future production) held by third parties which would reduce the interests of Esenjay in Esenjay's Oil and Gas Interests from that shown on the Property Schedule.
Title to Oil and Gas Interests. Schedule 3.01 contains a complete and accurate list of Aspect's Oil and Gas Interests that are being conveyed pursuant to the Exchange and sets forth (i) the Working Interests of Aspect therein to the extent being conveyed hereby, and (ii) sufficient detail to determine the Net Revenue Interests of Aspect therein to the extent being conveyed hereby. Except as set forth in the Disclosure Schedule-Aspect and solely with respect to the Oil and Gas Interest that are included in the Aspect Assets:
(a) Aspect (individually or collectively) has Defensible Title to Aspect's Oil and Gas Interests;
(b) the leases and related agreements forming any part of Aspect's Oil and Gas Interests are in full force and effect and are valid and legally binding agreements among the parties thereto, their successors and assigns, enforceable in accordance with their terms in all material respects except for applicable bankruptcy and insolvency laws. All rentals, royalties and other payments due and payable under any such leases and other contracts and agreements forming a part of Aspect's Oil and Gas Interests have been properly and timely paid and all other obligations under such leases and related agreements attendant to the ownership of Aspect's Oil and Gas Interests have been met; and
(c) there are no back-in, reversionary or similar interests (the vesting of which is subject to future production) held by third parties which would reduce the interests of Aspect in Aspect's Oil and Gas Interests from that shown on the Property Schedule.
Title to Oil and Gas Interests. The title of GeoMet and the GeoMet Subsidiaries to each of GeoMet’s and the GeoMet Subsidiaries’ Oil and Gas Interests is Defensible Title. The oil and gas leases included within the Oil and Gas Interests are in full force and effect.
Title to Oil and Gas Interests. (a) The Company, or one of its Subsidiaries, has good and marketable title, free of any Liens except the Company Permitted Liens, to the Oil and Gas Interests of the Company included or reflected in the Ownership Interests set forth on Section 3.20(a) of the Company Disclosure Schedule, such that, as to Net Revenue Interests and Working Interests, (i) the Company, or one of its Subsidiaries, is entitled to receive throughout the duration of the productive life of each Mineral Lease, Well or other Oil and Gas Interest, a Net Revenue Interest of not less than the Net Revenue Interest set forth on Section 3.20(a) of the Company Disclosure Schedule for such Mineral Lease, Well or other Oil and Gas Interest, and (ii) the Company, or one of its Subsidiaries, is entitled to receive throughout the duration of the productive life of each Mineral Lease, Well or other Oil and Gas Interest, a Working Interest of not greater than the Working Interest set forth on Section 3.20(a) of the Company Disclosure Schedule for such Mineral Lease, Well or other Oil and Gas Interest.
(b) The Company or one of the Company’s Subsidiaries own all rights of way and surface damage agreements associated therewith that are currently used with and which are reasonably sufficient for the operation of the Company’s or its Subsidiary’s Oil and Gas Interests or the production, treatment, storage, sale or disposal of Hydrocarbons, water or other minerals or substances produced from the Mineral Leases, and all of same are assignable.
Title to Oil and Gas Interests. Subject to Permitted Encumbrances, the Company has good and defensible title to the Oil and Gas Interests of the Company included or reflected in the Company’s Ownership Interests. Each Oil and Gas Interest included or reflected in the Company’s Ownership Interests entitles the Company to receive not less than the undivided interest set forth in (or derived from) the Company’s Ownership Interests of all of the oil, condensate, gas, casinghead gas and other liquid or gaseous hydrocarbons (“Hydrocarbons”) produced, saved and sold from or attributable to such Oil and Gas Interest, and the portion of the costs and expenses of operation and development of such Oil and Gas Interest that is borne or to be borne by the Company is not greater than the undivided interest set forth in (or derived form) the Company’s Ownership Interests.
Title to Oil and Gas Interests. Subject to Permitted Encumbrances, the Buyer has good and defensible title to the Oil and Gas Interests of the Buyer included or reflected in the Buyer’s Ownership Interests. Each Oil and Gas Interest included or reflected in the Buyer’s Ownership Interests entitles the Buyer to receive not less than the undivided interest set forth in (or derived from) the Buyer’s Ownership Interests of all of the Hydrocarbons produced, saved and sold from or attributable to such Oil and Gas Interest, and the portion of the costs and expenses of operation and development of such Oil and Gas Interest that is borne or to be borne by the Buyer is not greater than the undivided interest set forth in (or derived form) the Buyer’s Ownership Interests.
Title to Oil and Gas Interests. Section 2.1(q) of the Carrollton Disclosure Letter contains a complete list of the Oil and Gas Interests of Carrollton and the Carrollton Subsidiaries. Each of the Oil and Gas Interests has the applicable "net revenue interest" and "working interest" set forth in Section 2.1(q) of the Carrollton Disclosure Letter. The title of Carrollton or the Carrollton Subsidiary to each of the Oil and Gas Interests is Defensible Title. Except as shown on Section 2.1(q) of the Carrollton Disclosure Letter, none of the Oil and Gas Interests is burdened by any production payment, net profits interest, reversionary interest or similar interest. The oil and gas leases included within the Oil and Gas Interests are in full force and effect and are not in dispute by any of the parties to such leases.
Title to Oil and Gas Interests. The Property Schedule of the South Coast Entities attached hereto as Schedule 4.16 contains a complete and accurate list of each South Coast Entities' Oil and Gas Interests and sets forth the respective Working Interests and Net Revenue Interests of each of the South Coast Entities therein (individually or collectively). With respect to the South Coast Entities' Oil and Gas Interests:
(a) the South Coast Entities (individually or collectively) have Defensible Title to the South Coast Entities' Oil and Gas Interests;
(b) the Leases and related agreements forming any part of the South Coast Entities' Oil and Gas Interests are in full force and effect and are valid and legally binding ACQUISITION AGREEMENT AND PLAN OF ORGANIZATION PAGE 19 OF 56 PAGES agreements among the parties thereto, their successors and assigns, enforceable in accordance with their terms in all material respects except for applicable bankruptcy and insolvency laws. All rentals, royalties and other payments due and payable under any such Leases and other contracts and agreements forming a part of the South Coast Entities' Oil and Gas Interests have been properly and timely paid and all other obligations under such Leases and related agreements attendant to the ownership of the South Coast Entities' Oil and Gas Interests have been met; and
(c) except as set forth in the Disclosure Schedule, there are no back- in, reversionary or similar interests (the vesting of which is subject to future production) held by third parties which would reduce the interests of South Coast Entities in the South Coast Entities' Oil and Gas Interests from that shown on the Property Schedule.
Title to Oil and Gas Interests. Except as set forth in Section 4.13 of the Zydeco Disclosure Schedule, Zydeco and its Subsidiaries have Good Title to the Oil and Gas Interests.
