Common use of Title to Oil and Gas Properties Clause in Contracts

Title to Oil and Gas Properties. Each of the Company and its subsidiaries has good and defensible title to all of its oil and gas properties in each case free and clear of all liens, encumbrances and defects, except (i) such as are described in the Registration Statement, the Pricing Disclosure Package and the Prospectus, (ii) such as are permitted under the Credit Agreement, or (iii) such as do not materially affect the value of the properties and do not materially interfere with the use of the properties of the Company and its subsidiaries taken as a whole; and all of the leases and subleases under which the Company or any of its subsidiaries holds or uses properties described in the Registration Statement, the Pricing Disclosure Package and the Prospectus are in full force and effect, with such exceptions as would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect, and neither the Company nor any of its subsidiaries has any notice of any material claim of any sort that has been asserted by anyone adverse to the rights of the Company or its subsidiaries under any of the leases or subleases mentioned above, or affecting or questioning the rights of the Company or any subsidiary thereof to the continued possession or use of the leased or subleased premises, except for such claims that, if successfully asserted, would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect; provided however, that the enforceability of such leases and subleases, as the case may be, may be limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws relating to or affecting creditors’ rights generally and by general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law).

Title to Oil and Gas Properties. Each of the Company Company, JEH LLC and its their respective subsidiaries has good and defensible title to all of its oil and gas properties in each case free and clear of all liens, encumbrances and defects, except (i) such as are described in the Registration Statement, the Pricing Disclosure Package and the Prospectus, (ii) such as are created under or permitted under by the Credit Agreement, or (iii) such as do not materially affect the value of the properties and do not materially interfere with the use of the properties of the Company Company, JEH LLC and its their respective subsidiaries taken as a whole; and all of the leases and subleases under which the Company Company, JEH LLC or any of its their respective subsidiaries holds or uses properties described in the Registration Statement, the Pricing Disclosure Package and the Prospectus are in full force and effect, with such exceptions as would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect, and neither none of the Company nor Company, JEH LLC or any of its their respective subsidiaries has any notice of any material claim of any sort that has been asserted by anyone adverse to the rights of the Company Company, JEH LLC or its their respective subsidiaries under any of the leases or subleases mentioned above, or affecting or questioning the rights of the Company Company, JEH LLC or any respective subsidiary thereof to the continued possession or use of the leased or subleased premises, except for such claims that, if successfully asserted, would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect; provided however, that the enforceability of such leases and subleases, as the case may be, may be limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws relating to or affecting creditors’ rights generally and by general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law).

Title to Oil and Gas Properties. Each of the Company Vital Parties and its their respective subsidiaries has good and defensible title to all of its oil and gas properties in each case free and clear of all liens, encumbrances and defects, except (i) such as are described in the Registration Statement, the Pricing Disclosure Package and the ProspectusFinal Offering Memorandum, (ii) such as are permitted under the Credit Agreement, or (iii) such as do not materially affect the value of the properties and do not materially interfere with the use of the properties of the Company Vital Parties and its their respective subsidiaries taken as a whole; and all of the leases and subleases under which the Company or any of its the Vital Parties or their respective subsidiaries holds or uses their properties described in the Registration Statement, the Pricing Disclosure Package and the Prospectus Final Offering Memorandum are in full force and effect, with such exceptions as would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect, and neither none of the Company nor any of its Vital Parties or their respective subsidiaries has any notice of any material claim of any sort that has been asserted by anyone adverse to the rights of any of the Company or its Vital Parties and their respective subsidiaries under any of the leases or subleases mentioned above, or affecting or questioning the rights of any of the Company or any subsidiary Vital Parties and their respective subsidiaries thereof to the continued possession or use of the leased or subleased premises, except for such claims that, if successfully asserted, would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect; provided provided, however, that the enforceability of such leases and subleases, as the case may be, may be limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws relating to or affecting creditors’ rights generally and by general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law).

Title to Oil and Gas Properties. Each of the Company and its subsidiaries Laredo Parties has good and defensible title to all of its oil and gas properties in each case free and clear of all liens, encumbrances and defects, except (i) such as are described in the Registration Statement, the Pricing Disclosure Package and the Prospectus, (ii) such as are permitted under the Credit Agreement, or (iii) such as do not materially affect the value of the properties and do not materially interfere with the use of the properties of the Company and its subsidiaries Laredo Parties taken as a whole; and all of the leases and subleases under which the Company or any of its subsidiaries the Laredo Parties holds or uses properties described in the Registration Statement, the Pricing Disclosure Package and the Prospectus are in full force and effect, with such exceptions as would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect, and neither none of the Company nor any of its subsidiaries Laredo Parties has any notice of any material claim of any sort that has been asserted by anyone adverse to the rights of any of the Company or its subsidiaries Laredo Parties under any of the leases or subleases mentioned above, or affecting or questioning the rights of any of the Company or any subsidiary Laredo Parties thereof to the continued possession or use of the leased or subleased premises, except for such claims that, if successfully asserted, would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect; provided however, that the enforceability of such leases and subleases, as the case may be, may be limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws relating to or affecting creditors’ rights generally and by general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law).

Title to Oil and Gas Properties. Each of the Company Company, JEH LLC and its their respective subsidiaries has good and defensible title to all of its oil and gas properties in each case free and clear of all liens, encumbrances and defects, except (i) such as are described in the Registration Statement, the Pricing Disclosure Package and the Prospectus, (ii) such as are created under or permitted under by the Credit AgreementAgreement and the Term Loan, or (iii) such as do not materially affect the value of the properties and do not materially interfere with the use of the properties of the Company Company, JEH LLC and its their respective subsidiaries taken as a whole; and all of the leases and subleases under which the Company Company, JEH LLC or any of its their respective subsidiaries holds or uses properties described in the Registration Statement, the Pricing Disclosure Package and the Prospectus are in full force and effect, with such exceptions as would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect, and neither none of the Company nor Company, JEH LLC or any of its their respective subsidiaries has any notice of any material claim of any sort that has been asserted by anyone adverse to the rights of the Company Company, JEH LLC or its their respective subsidiaries under any of the leases or subleases mentioned above, or affecting or questioning the rights of the Company Company, JEH LLC or any respective subsidiary thereof to the continued possession or use of the leased or subleased premises, except for such claims that, if successfully asserted, would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect; provided however, that the enforceability of such leases and subleases, as the case may be, may be limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws relating to or affecting creditors’ rights generally and by general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law).

Title to Oil and Gas Properties. Each of the The Company and each of its subsidiaries has good and defensible title to all of its the oil and gas properties in each case free and clear of all liens, encumbrances and defects, owned by each of them except (i) such as are described in the Registration Statement, the Pricing Disclosure Package Statement and the Prospectus, (ii) such as are permitted under the Existing Credit Agreement, or (iii) such as do not materially affect the value of the properties and do not materially interfere with the use of the properties of the Company and its subsidiaries taken as a whole; and all of the leases and subleases under which any of the Company or any of its subsidiaries holds or uses properties described in the Registration Statement, the Pricing Disclosure Package Statement and the Prospectus are in full force and effect, with such exceptions as would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect, and neither none of the Company nor any of or its subsidiaries has any notice of any material claim of any sort that has been asserted by anyone adverse to the rights of any of the Company or its subsidiaries under any of the leases or subleases mentioned above, or affecting or questioning the rights of any of the Company or any subsidiary of its subsidiaries thereof to the continued possession or use of the leased or subleased premises, except for such claims that, if successfully asserted, would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect; provided however, that the enforceability of such leases and subleases, as the case may be, may be limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws relating to or affecting creditors’ rights generally and by general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law).

Title to Oil and Gas Properties. Each The Company and each of the Company and its subsidiaries has Guarantors have good and defensible title to all of its their respective oil and gas properties in each case free and clear of all liens, encumbrances and defects, except (i) such as are described in the Registration Statement, the Pricing Disclosure Package and the ProspectusOffering Memorandum, (ii) such as are permitted under the Credit Agreement, or (iii) such as do not materially affect the value of the properties and do not materially interfere with the use of the properties of the Company and its subsidiaries the Guarantors, taken as a whole; and all of the leases and subleases under which the Company or any of its subsidiaries the Guarantors holds or uses properties described in the Registration Statement, the Pricing Disclosure Package and the Prospectus Offering Memorandum are in full force and effect, with such exceptions as would not reasonably be expected, individually or in the aggregate, to have result in a Material Adverse EffectChange, and neither none of the Company nor or any of its subsidiaries the Guarantors has any notice of any material claim of any sort that has been asserted by anyone adverse to the rights of the Company or its subsidiaries any of the Guarantors under any of the leases or subleases mentioned above, or affecting or questioning the rights of the Company or any subsidiary thereof of the Guarantors to the continued possession or use of the leased or subleased premises, except for such claims that, if successfully asserted, would not reasonably be expected, individually or in the aggregate, to have result in a Material Adverse EffectChange; provided however, that the enforceability of such leases and subleases, as the case may be, may be limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws relating to or affecting creditors’ rights generally and by general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law).

Title to Oil and Gas Properties. Each of the Company and its subsidiaries Laredo Parties has good and defensible title to all of its oil and gas properties in each case free and clear of all liens, encumbrances and defects, except (i) such as are described in the Registration Statement, the Pricing Disclosure Package and the ProspectusFinal Offering Memorandum, (ii) such as are permitted under the Credit Agreement, or (iii) such as do not materially affect the value of the properties and do not materially interfere with the use of the properties of the Company and its subsidiaries Laredo Parties taken as a whole; and all of the leases and subleases under which the Company or any of its subsidiaries the Laredo Parties holds or uses properties described in the Registration Statement, the Pricing Disclosure Package and the Prospectus Final Offering Memorandum are in full force and effect, with such exceptions as would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect, and neither none of the Company nor any of its subsidiaries Laredo Parties has any notice of any material claim of any sort that has been asserted by anyone adverse to the rights of any of the Company or its subsidiaries Laredo Parties under any of the leases or subleases mentioned above, or affecting or questioning the rights of any of the Company or any subsidiary Laredo Parties thereof to the continued possession or use of the leased or subleased premises, except for such claims that, if successfully asserted, would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect; provided provided, however, that the enforceability of such leases and subleases, as the case may be, may be limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws relating to or affecting creditors’ rights generally and by general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law).

Title to Oil and Gas Properties. Each of the Company Issuers, the Guarantors and its their respective subsidiaries has good and defensible title to all of its oil and gas properties in each case free and clear of all liens, encumbrances and defects, except (i) such as are described in the Registration Statement, the Pricing General Disclosure Package and the ProspectusFinal Offering Circular, (ii) such as are created under or permitted under by the Indenture and the Credit Agreement, Agreement or (iii) such as do not materially affect the value of the properties and do not materially interfere with the use of the properties of the Company Issuers, the Guarantors and its their respective subsidiaries taken as a whole; and all of the leases and subleases under which the Company Issuers, the Guarantors or any of its their respective subsidiaries holds or uses properties described in the Registration Statement, the Pricing General Disclosure Package and the Prospectus Final Offering Circular are in full force and effect, with such exceptions as would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect, and neither none of the Company nor Issuers, the Guarantors or any of its their respective subsidiaries has any notice of any material claim of any sort that has been asserted by anyone adverse to the rights of the Company Issuers, the Guarantors or its any of their respective subsidiaries under any of the leases or subleases mentioned above, or affecting or questioning the rights of the Company Issuers, the Guarantors or any subsidiary of their respective subsidiaries thereof to the continued possession or use of the leased or subleased premises, except for such claims that, if successfully asserted, would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect; provided however, that the enforceability of such leases and subleases, as the case may be, may be limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws relating to or affecting creditors’ rights generally and by general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law).

Title to Oil and Gas Properties. Each of the The Company and its subsidiaries has the Initial Guarantor have good and defensible title to all of its their respective oil and gas properties properties, in each case free and clear of all liens, encumbrances and defects, except (i) such as are described in the Registration Statement, the Pricing Disclosure Package and the ProspectusOffering Memorandum, (ii) such as are permitted under the Credit Agreement, or (iii) such as do not materially affect the value of the properties and do not materially interfere with the use of the properties of the Company and its subsidiaries the Initial Guarantor, taken as a whole; and all of the leases and subleases under which the Company or any of its subsidiaries the Initial Guarantor holds or uses properties described in the Registration Statement, the Pricing Disclosure Package and the Prospectus Offering Memorandum are in full force and effect, with such exceptions as would not reasonably be expected, individually or in the aggregate, to have result in a Material Adverse EffectChange, and neither the Company nor any of its subsidiaries the Initial Guarantor has any notice of any material claim of any sort that has been asserted by anyone adverse to the rights of the Company or its subsidiaries the Initial Guarantor under any of the leases or subleases mentioned above, or affecting or questioning the rights of the Company or any subsidiary thereof the Initial Guarantor to the continued possession or use of the leased or subleased premises, except for such claims that, if successfully asserted, would not reasonably be expected, individually or in the aggregate, to have result in a Material Adverse EffectChange; provided however, that the enforceability of such leases and subleases, as the case may be, may be limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws relating to or affecting creditors’ the rights generally and remedies of creditors or by general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law)equitable principles.