Title Expert definition

Title Expert means an attorney licensed to practice law in the State in which the relevant Assets are located with at least 10 years of experience in oil and gas title and related matters and that does not have a material relationship with any Party and that is reasonably acceptable to Seller and Purchaser.
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Title Expert shall have the meaning assigned thereto in Section 4.7.
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Title Expert means an attorney licensed to practice law in the state of Colorado with at least 10 years of experience in oil and gas title and related matters and that does not have a material relationship with any Party and that is reasonably acceptable to Seller and Purchaser.
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Examples of Title Expert in a sentence

  • The Title Expert shall make a separate determination with respect to each Open Title Defect and Interest Addition (or in the case of a Termination Dispute Notice, each Unagreed Termination Title Matter).

  • The Title Expert shall not make any other award or grant any other remedy, whether or not prohibited or contemplated by this Agreement, and shall certify, as necessary, the resolution of such Title Disputed Matters (or in the case of a Termination Dispute Notice, such Unagreed Termination Title Matters), as applicable, to the Accounting Referee under Section 14.1.

  • The fees and expenses of the Title Expert shall be paid 50% by Seller and 50% by Purchaser.

  • The written finding of the Title Expert shall only set forth the Title Expert’s decision with respect to each applicable Open Title Defect and Interest Addition (or in the case of a Termination Dispute Notice, each Unagreed Termination Title Matter), and not the Title Expert’s rationale for the decision.

  • The Title Expert shall be neutral, not an affiliate, employee or currently engaged consultant of either Party (nor of any of their Affiliates), and shall be an oil and gas title attorney with at least ten (10) years of experience examining title to oil and gas properties in the geographic area where the Assets subject to such dispute are located.

  • The Title Expert shall make a separate determination with respect to each Title Defect submitted.

  • The Title Expert shall make his or her determination and provide to the Parties written findings within 20 Business Days after he has received the materials under Section 5.10(b).

  • The decision of the Title Expert shall be final, binding on the Parties and non-appealable.

  • After the Title Expert has been engaged, if the Title Expert withdraws after a challenge, dies, or otherwise resigns or is removed, then such Title Expert shall be replaced within five Business Days thereafter by Purchaser and Seller in accordance with this Section 5.10, and the time periods in this Section 5.10 shall be extended as necessary or appropriate.

  • The Title Expert shall make a separate determination with respect to each Title Defect, Title Defect Value and Interest Addition submitted.


More Definitions of Title Expert

Title Expert shall have the meaning given such term in Section 2.5(b).
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Title Expert means an attorney licensed to practice law in the state of Colorado with at least 10 years of experience in oil and gas title and related
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Title Expert has the meaning provided in Section 5.6.
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Title Expert means a title attorney working with or for T▇▇▇▇ ▇▇▇▇▇▇ & H▇▇▇▇ LLC, 1▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇ #▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇▇▇▇, with at least ten (10) years’ experience in oil and gas titles in the State of Colorado, or if no such attorney is able or willing to participate as Title Expert then an independent title attorney meeting the same experience requirements, as selected by mutual agreement of Purchaser and Seller or absent such agreement within a ten (10)-day period, in accordance with the Rules.
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Related to Title Expert

  • Independent Expert means a Person or entity with no material current or prior business or personal relationship with the Advisor or the Directors and who is engaged to a substantial extent in the business of rendering opinions regarding the value of assets of the type held by the Company.

  • Accounting Referee has the meaning set forth in Section 6.01(c).

  • Arbiter has the meaning set forth in Section 2.3(c).

  • Independent Financial Expert means a nationally recognized accounting, investment banking or consultant firm, which firm does not have a material financial interest or other material economic relationship with either the Company or any of its Affiliates or the Holder or any of its Affiliates that is, in the good faith judgment of the Board, qualified to perform the task for which it has been engaged.

  • Title Review Period shall have the meaning set forth in Section 4.3.