Common use of Remedies for Title Defects Clause in Contracts

Remedies for Title Defects. (a) For any Title Defect noticed pursuant to Section 4.03 that has not been cured at or prior to Closing, the Purchase Price shall, subject to the provisions of Section 4.14, be decreased at Closing by either (i) the amount the Parties acting reasonably and in good faith agree in lieu of a cure of the asserted Title Defect, or (ii) with respect to any Title Defect for which the Parties have not yet agreed as to the validity of the Title Defect, the Title Defect Value, or the manner of cure, then by the amount of the Title Defect Value asserted by Buyer for such uncured or unadjusted Title Defect.

Remedies for Title Defects. (a) For The Purchase Price shall not be decreased at Closing as a result of any Title Defect noticed pursuant to Section 4.03 that has not been cured at or prior to Closing, the Purchase Price shall, subject to the provisions of Section 4.14, be decreased at Closing by either 4.04 (i) the amount which is not cured prior to or at Closing (unless the Parties acting reasonably and in good faith agree in lieu of a cure of the asserted Title DefectDefect upon the amount of an adjustment to the Purchase Price with respect thereto prior to the Closing), or (ii) with respect to any Title Defect for which the Parties have not yet agreed as to the validity of the Title Defect, the Title Defect Value, or the manner of cure, then by the amount if any, of the Title Defect Value asserted by Buyer for such uncured or unadjusted Title Defect.