Common use of Title to Properties; Possession Under Leases Clause in Contracts

Title to Properties; Possession Under Leases. (a) Other than the Oil and Gas Properties (which are the subject of paragraph (b) below), the Borrower and each of the Subsidiaries has good and marketable title to, or valid leasehold interests in, all its material properties and assets, except for minor defects in title that do not interfere with its ability to conduct its business as currently conducted or to utilize such properties and assets for their intended purposes. All such material properties and assets are free and clear of Liens, other than Liens expressly permitted by Section 6.02.

Title to Properties; Possession Under Leases. (a) Other than Each of the Oil Borrowers and Gas Properties (which are the subject of paragraph (b) below), the Borrower and each of the Subsidiaries has good and marketable title to, or valid leasehold interests in, all its material properties and assets, except for minor defects in title that do not interfere with its ability to conduct its business as currently conducted or to utilize such properties and assets for their intended purposes. All such material properties and assets are free and clear of Liens, other than Liens expressly permitted by Section 6.02.

Title to Properties; Possession Under Leases. (a) Other than the Oil and Gas Properties (which are the subject Each of paragraph (b) below)Holdings, the Borrower Company and each of the Material Subsidiaries has good and marketable valid record fee simple title (insurable at ordinary rates) to, or valid leasehold interests in, or easements or other limited property interests in, all its material properties and assets(including all Mortgaged Properties), except for minor defects where the failure to have such title would not reasonably be expected to have, individually or in title that do not interfere with its ability to conduct its business as currently conducted or to utilize such properties and assets for their intended purposesthe aggregate, a Material Adverse Effect. All such material properties and assets are free and clear of Liens, other than Liens expressly permitted by Section 6.02.

Title to Properties; Possession Under Leases. (a) Other than the Oil and Gas Properties (which are the subject Each of paragraph (b) below), the Borrower and each of the its Subsidiaries has good and marketable title to, or valid leasehold interests inin , all its material properties and assets, except for minor defects in title that do not interfere with its ability would not, in the aggregate, be reasonably likely to conduct its business as currently conducted or to utilize such properties and assets for their intended purposeshave a Material Adverse Effect. All such material properties and assets are free and clear of Liens, other than Liens expressly permitted by Section 6.02.

Title to Properties; Possession Under Leases. (a) Other than To the Oil and Gas Properties (which are best of the subject Borrower's knowledge, each of paragraph (b) below), the Borrower and each of the Principal Subsidiaries has good and marketable title to, or valid leasehold interests in, or other rights to use or occupy, all its material properties and assets, except for minor defects in title that do not interfere with its ability to conduct its business as currently conducted or to utilize such properties and assets for their intended purposes. All such material properties and assets are free and clear of Liens, other than Liens expressly permitted by Section 6.026.01.

Title to Properties; Possession Under Leases. (a) Other than To the Oil and Gas Properties (which are best of the subject Borrower’s knowledge, each of paragraph (b) below), the Borrower and each of the Principal Subsidiaries has good and marketable title to, or valid leasehold interests in, or other rights to use or occupy, all its material properties and assets, except for minor defects in title that do not interfere with its ability to conduct its business as currently conducted or to utilize such properties and assets for their intended purposes. All such material properties and assets are free and clear of Liens, other than Liens expressly permitted by Section 6.027.1.

Title to Properties; Possession Under Leases. (a) Other than the Oil and Gas Properties (which are the subject of paragraph (b) below), the The Borrower and each of the Subsidiaries its subsidiaries has good and marketable indefeasible title to, or good and valid leasehold interests in, all its material properties and assets, except for Permitted Liens and minor defects in title that in each case or in the aggregate do not materially interfere with its ability to conduct its business as currently conducted 39 or to utilize such properties and assets for their intended purposes. All such material properties and assets are free and clear of Liens, other than Liens expressly permitted by Section 6.02.

Title to Properties; Possession Under Leases. (a) Other than the Oil and Gas Properties (which are the subject of paragraph (b) below), the The Borrower and each of the Subsidiaries Material Subsidiary has good and marketable valid title to, or valid leasehold interests in, all its material properties and assets, except for minor defects in title that do not interfere with its ability to conduct its business as currently conducted or to utilize such properties and assets for their intended purposespurposes and except for defects in title which are not, individually or in the aggregate, material to the Borrower and the Subsidiaries taken as a whole. All such material properties and assets are free and clear of Liens, other than Liens expressly permitted by Section 6.02.

Title to Properties; Possession Under Leases. (a) Other than the Oil and Gas Properties (which are the subject of paragraph (b) below), the Borrower and each of the Subsidiaries Each Group Member has good and marketable title to, or valid leasehold interests in, all its material properties and material assets, except for minor defects in title that do not materially interfere with its ability to conduct its business as currently conducted or to utilize such properties and assets for their intended purposespurposes and Liens permitted by Section 6.2 and except where the failure to have such title could not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. All such material properties and assets are free and clear of Liens, other than Liens expressly permitted by Section 6.026.2.

Title to Properties; Possession Under Leases. (a) Other than the Oil and Gas Properties (which are the subject Each of paragraph (b) below), the Borrower and each of the Subsidiaries has good and marketable title to, or valid leasehold interests in, or easements or other limited property interest in all its material properties and assetsassets (including all Mortgaged Property), except for minor defects in title that do not interfere with its ability to conduct its business as currently conducted or to utilize such properties and assets for their intended purposes. All such material properties and assets (including all Mortgaged Properties) are free and clear of Liens, other than Liens expressly permitted by Section 6.02.

Title to Properties; Possession Under Leases. (a) Other than the Oil and Gas Properties (which are the subject Each of paragraph (b) below), the Borrower and each of the Subsidiaries has good and marketable title to, or valid leasehold interests in, all its material properties and assets, except for minor defects that could not reasonably be expected to result in title that do not interfere with its ability to conduct its business as currently conducted or to utilize such properties and assets for their intended purposesa Material Adverse Effect. All such material properties and assets are free and clear of Liens, other than Liens expressly permitted by Section 6.02.

Title to Properties; Possession Under Leases. (a) Other than the Oil and Gas Properties (which are the subject Each of paragraph (b) below)Holdings, the Borrower Borrowers and each of the Restricted Subsidiaries has good and marketable title to, or valid leasehold interests in, all its material properties and assetsassets (including all Mortgaged Property), except for minor defects in where the failure to have such title that do or interest could not interfere with its ability reasonably be expected to conduct its business as currently conducted or to utilize such properties and assets for their intended purposeshave a Material Adverse Effect. All such material properties and assets are free and clear of Liens, other than Liens expressly permitted by Section 6.02.

Title to Properties; Possession Under Leases. (a) Other than the Oil and Gas Properties (which are the subject Each of paragraph (b) below), the Borrower and each of the Subsidiaries has good and marketable valid title to, or valid leasehold interests in, all its material properties and assets, except for minor defects in title that do not interfere with its ability to conduct its business as currently conducted or to utilize such properties and assets for their intended purposes. All such material properties and assets are free and clear of Liens, other than Liens expressly permitted by referred to in paragraphs (A) through (J) of Section 6.026.1.

Title to Properties; Possession Under Leases. (a) Other than the Oil and Gas Properties (which are the subject Each of paragraph (b) below)Holdings, the Borrower Company and each of the Significant Subsidiaries has good and marketable title to, or valid leasehold interests in, or easements on or other limited property interests in, all its their respective material properties and assets, except for minor defects in title and limitations on property interests that do not materially interfere with its their respective ability to conduct its their respective business as currently conducted or to utilize such properties and assets for their intended purposes. All such material properties and assets are free and clear of Liens, other than Liens expressly permitted by Section 6.026.04 or in any Security Document.

Title to Properties; Possession Under Leases. (a) Other than the Oil and Gas Properties (which are the subject of paragraph (b) below), the The Borrower and each of the Subsidiaries has good and marketable indefeasible title to, or valid leasehold interests in, all its material properties and assetsassets (including all Mortgaged Properties), except for Permitted Liens and minor defects in title that in each case do not materially interfere with its ability to conduct its business as currently conducted or to utilize such properties and assets for their intended purposes. All such material properties and assets are free and clear of Liens, other than Liens expressly permitted by Section 6.026.08.

Title to Properties; Possession Under Leases. (a) Other than To the Oil and Gas Properties (which are best of the subject Borrower’s knowledge, each of paragraph (b) below), the Borrower and each of the Principal Subsidiaries has good and marketable title to, or valid leasehold interests in, or other rights to use or occupy, all its material properties and assets, except for minor defects in title that do not interfere with its ability to conduct its business as currently conducted or to utilize such properties and assets for their intended purposes. All such material properties and assets are free and clear of Liens, other than Liens expressly permitted by Section 6.026.01.

Title to Properties; Possession Under Leases. (a) Other than the Oil and Gas Properties (which are the subject of paragraph (b) below), the The Borrower and each of the Subsidiaries has good and marketable sufficient title to, or valid leasehold interests in, all its material properties and assets, except for minor defects in title that do could not interfere with its ability reasonably be expected to conduct its business as currently conducted or to utilize such properties and assets for their intended purposeshave a 37 Material Adverse Effect. All such material properties and assets are free and clear of Liens, other than Liens expressly permitted by Section 6.026.03.

Title to Properties; Possession Under Leases. (a) Other than as a result of the Oil and Gas Properties (which are the subject Bankruptcy Cases, each of paragraph (b) below)Holdings, the Borrower and each of the Subsidiaries has good and marketable title to, or valid leasehold interests in, all its material properties and assetsassets (including any Mortgaged Property), except for minor defects in title that do not interfere with its ability to conduct its business as currently conducted or to utilize such properties and assets for their intended purposes. All Subject to the Orders, all such material properties and assets are free and clear of Liens, other than Liens expressly permitted by Section 6.02.

Title to Properties; Possession Under Leases. (a) Other than the Oil and Gas Properties (which are the subject of paragraph (b) below), the Borrower and each of the Subsidiaries has good and marketable title to, or valid leasehold interests in, all its material properties and assets, except for minor defects in title that do not interfere with its ability to conduct its business as currently conducted or to utilize such properties and assets for their intended purposes. All such material properties and assets are free and clear of Liens, other than Liens expressly permitted by Section 6.02.

Title to Properties; Possession Under Leases. (a) Other than the Oil and Gas Properties (which are the subject Each of paragraph (b) below), the Borrower and each of the Subsidiaries has good and marketable title to, or valid leasehold interests in, all its material properties and assetsassets (including all Mortgaged Property and Aircraft Collateral), except for minor defects in title that do not interfere with its ability to conduct its business as currently conducted or to utilize such properties and assets for their intended purposes. All such material properties and assets are free and clear of Liens, other than Liens expressly permitted by Section 6.026.02 and Liens of the Existing Financing which may be discharged pursuant to the terms and conditions of Section 5.14.

Title to Properties; Possession Under Leases. (a) Other than the Oil and Gas Properties (which are the subject Each of paragraph (b) below)Holdings, the Borrower Company and each of the Significant Subsidiaries has good and marketable title to, or valid leasehold interests in, or easements on or other limited property interests in, all its their respective material properties and assets, except for minor defects in title and limitations on property interests that do not materially interfere with its their respective ability to conduct its their respective business as currently conducted or to utilize such properties and assets for their intended purposes. All such material properties and assets are free and clear of Liens, other than Liens expressly permitted by Section 6.026.04 or in any Security Document.

Title to Properties; Possession Under Leases. (a) Other than the Oil and Gas Properties (which are the subject Each of paragraph (b) below), -------------------------------------------- the Borrower and each of the Subsidiaries has good and marketable title to, or valid leasehold interests in, all its material properties and assets, except for minor defects in title that do not interfere with its ability to conduct its business as currently conducted or to utilize such properties and assets for their intended purposespurposes or where such failure would not otherwise, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. All such material properties and assets are free and clear of Liens, other than Liens expressly permitted by Section 6.02.

Title to Properties; Possession Under Leases. (a) Other than the Oil and Gas Properties (which are the subject of paragraph (b) below), the Borrower and each of the Subsidiaries its subsidiaries has good and marketable indefeasible title to, or good and valid leasehold interests in, all its material properties and assets, except for Permitted Liens and minor defects in title that in each case or in the aggregate do not materially interfere with its ability to conduct its business as currently conducted or to utilize such properties and assets for their intended purposes. All such material properties and assets are free and clear of Liens, other than Liens expressly permitted by Section 6.026.2.

Title to Properties; Possession Under Leases. (a) Other than the Oil and Gas Properties (which are the subject of paragraph (b) below), the The -------------------------------------------- Borrower and each of the Subsidiaries has good and marketable title to, or valid leasehold interests in, all its material properties and assets, except for minor defects in title that do not interfere with its ability to conduct its business as currently conducted or to utilize such properties and assets for their intended purposes. All such material properties and assets are free and clear of Liens, other than Liens expressly permitted by Section 6.026.2.

Title to Properties; Possession Under Leases. (a) Other than the Oil and Gas Properties (which are the subject Each of paragraph (b) below)--------------------------------------------- Parent, the Borrower Company and each of the Subsidiaries has good and marketable title to, or valid leasehold interests in, all its material properties and assets, except for minor defects in title that do not interfere with its ability to conduct its business as currently conducted or to utilize such properties and assets for their intended purposes. All such material properties and assets are free and clear of Liens, other than Liens expressly permitted by Section 6.02.