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

Title to Oil and Gas Properties. It has good and indefeasible title to all of its Oil and Gas Properties, free and clear of all Liens except Permitted Liens. No Person other than it has any ownership interest, whether legal or beneficial, in its interest in any of its Oil and Gas Properties.

Appears in 3 contracts

Samples: Credit Agreement (Cross Border Resources, Inc.), Credit Agreement (Royale Energy Inc), Credit Agreement (Lucas Energy, Inc.)

AutoNDA by SimpleDocs

Title to Oil and Gas Properties. It The Borrower has good and indefeasible title to all of its Oil and Gas Properties, free and clear of all Liens except Permitted Liens. No Person other than it the Borrower has any ownership interest, whether legal or beneficial, in its interest in any of its Oil and Gas PropertiesProperty of the Borrower.

Appears in 1 contract

Samples: Credit Agreement (NiMin Energy Corp.)

Title to Oil and Gas Properties. It has good and indefeasible marketable title to all of its Oil and Gas Properties, free and clear of all Liens except Permitted Liens. No Person other than it has any ownership interest, whether legal or beneficial, in its interest in any of its Oil and Gas Properties.

Appears in 1 contract

Samples: Credit Agreement (High Plains Gas, Inc.)

AutoNDA by SimpleDocs

Title to Oil and Gas Properties. It has good and indefeasible defensible title to all of its Oil and Gas Properties, free and clear of all Liens except Permitted Liens. No Person other than it has any ownership interest, whether legal or beneficial, in its interest in any of its Oil and Gas Properties.

Appears in 1 contract

Samples: Credit Agreement (Evolution Petroleum Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.