Materiality Defined. “Material” or “materiality” or “materially” or “materially and adversely affect” as used in this Agreement with respect to Seller shall mean a claim, encumbrance or occurrence (including without limitation a breach of warranty or violation by Seller) that could lessen the value of the Assets by, or cause damages of, at least $25,000.00.
Appears in 2 contracts
Sources: Timberland Purchase and Sale Agreement (Pope Resources LTD Partnership), Timberland Purchase and Sale Agreement (Pope Resources LTD Partnership)
Materiality Defined. “Material” " or “"materiality” " or “"materially” " or “"materially and adversely affect” " as used in this Agreement with respect to Seller shall mean a claim, encumbrance or occurrence (including without limitation a breach of warranty or violation by Seller) that could lessen the value of the Assets by, or cause damages of, at least $25,000.00150,000.00.
Appears in 1 contract
Sources: Purchase and Sale Agreement (Pope Resources LTD Partnership)