Common use of Failure of Title Clause in Contracts

Failure of Title. The title of Mortgagor to the Mortgaged Property, or any substantial part thereof, shall become the subject of actual or threatened litigation which would or might, in the opinion of Mortgagee, on final determination result in substantial impairment or loss of the security provided for herein; or

Appears in 1 contract

Sources: Deed of Trust, Security Agreement, Financing Statement and Assignment of Production (Fortune Natural Resources Corp)

Failure of Title. The Mortgagor's title of Mortgagor to the Mortgaged Property, or any substantial part thereof, shall become the subject of actual or threatened litigation which would or might, in the opinion of Mortgagee's opinion, on final determination result in substantial impairment or loss of the security provided for herein; or

Appears in 1 contract

Sources: Agreement to Purchase Sugar Valley Interest (Blast Energy Services, Inc.)