Common use of Cure of Title Defects Clause in Contracts

Cure of Title Defects. The Obligors shall cure any material title defects or exceptions which are not Excepted Liens raised by such information, within 60 days after a request by the U.S. Agent or the Majority Lenders to cure such defects or exceptions.

Cure of Title Defects. The Obligors shall cure any material title defects or exceptions which are not Excepted Liens raised by such informationshall, within 60 sixty (60) days after a request by the U.S. Agent or the Majority Lenders to cure such defects or exceptions, cure any material title defects or exceptions which are not Excepted Liens raised by such information or substitute acceptable Mortgaged Properties with no title defects or exceptions except for Excepted Liens covering Oil and Gas Properties of an equivalent value.