Common use of Curative Matters Clause in Contracts

Curative Matters. Within ninety (90) days after the date hereof with respect to matters listed on Schedule "8" and, thereafter, within ninety (90) days after receipt by Borrower from Bank or its counsel of written notice of title defects the Bank reasonably requires to be cured, Borrower shall either (i) provide such curative information, in form and substance satisfactory to Bank, or (ii) substitute Oil and Gas Properties of value and quality satisfactory to the Bank for all of Oil and Gas Properties for which such title curative was requested but upon which Borrower elected not to provide such title curative information, and, within ninety (90) days of such substitution, provide title opinions or title information satisfactory to the Bank covering the Oil and Gas Properties so substituted.

Curative Matters. Within ninety (90) days after the date hereof with respect to matters listed on Schedule "8" and, thereafter, within ninety sixty (9060) days after receipt by Borrower from Bank or its counsel of written notice of title defects the Bank reasonably requires to be cured, Borrower shall either (i) provide such curative information, in form and substance satisfactory to Bank, or (ii) substitute Oil and Gas Properties of value and quality satisfactory to the Bank for all of Oil and Gas Properties for which such title curative was requested but upon which Borrower elected not to provide such title curative information, and, within ninety sixty (9060) days of such substitution, provide title opinions or title information satisfactory to the Bank covering the Oil and Gas Properties so substituted.