Title to Oil and Gas Properties. The Borrower shall, and shall cause each Subsidiary to, maintain good and defensible title to its material (individually or in the aggregate) Oil and Gas Properties, including, the Mortgaged Properties, if any, and to do all things reasonably necessary to cure any material title defects that are not Liens permitted by Section 7.2.3 of which the Borrower or any Subsidiary has knowledge or has been provided notice.
Appears in 3 contracts
Samples: Credit Agreement (National Energy Group Inc), Credit Agreement (American Real Estate Holdings L P), Credit Agreement (National Energy Group Inc)
Title to Oil and Gas Properties. The Borrower shall, and shall cause each Subsidiary to, maintain good and defensible title to (i) those Mortgaged Properties, if any, used in calculating compliance with the collateral coverage requirements set forth in Section 5.13 and (ii) its and their material (individually or in the aggregate) Oil and Gas Properties, including, the Mortgaged Properties, if any, and to do all things reasonably necessary to cure any material title defects that which are not Liens permitted by Section 7.2.3 7.2 of which the Borrower or any Subsidiary has knowledge or has been provided notice.
Appears in 1 contract
Samples: u.s. Revolving Credit Agreement (Brown Tom Inc /De)
Title to Oil and Gas Properties. The Borrower shall, and shall cause each Subsidiary to, maintain good and defensible title to its material (individually or in the aggregate) Oil and Gas Properties, including, the Mortgaged Properties, if any, and to do all things reasonably necessary to cure any material title defects that which are not Excepted Liens permitted by Section 7.2.3 of which the Borrower or any Subsidiary has knowledge or has been provided notice.
Appears in 1 contract
Samples: Credit Agreement (Brown Tom Inc /De)
Title to Oil and Gas Properties. The Borrower shall, and shall cause each Restricted Subsidiary to, maintain good and defensible title to its material (individually or in the aggregate) Oil and Gas Properties, including, the Mortgaged Properties, if any, Properties and to do all things reasonably necessary to cure any material title defects that which are not Liens permitted by Section 7.2.3 6.5 of which the Borrower or any Restricted Subsidiary has knowledge or has been provided notice.
Appears in 1 contract
Samples: Senior Subordinated Credit Agreement (Brown Tom Inc /De)
Title to Oil and Gas Properties. The Borrower shall, and shall cause each Subsidiary to, maintain good and defensible title to its material (individually or in the aggregate) Oil and Gas Properties, including, the Mortgaged Properties, if any, and to do all things reasonably necessary to cure any material title defects that which are not Liens permitted by Section 7.2.3 7.2 of which the Borrower or any Subsidiary has knowledge or has been provided notice.
Appears in 1 contract
Samples: Credit Agreement (Brown Tom Inc /De)
