Title Defect Amount. The amount by which the Allocated Value of the affected Title Defect Property is reduced as a result of the existence of such Title Defect shall be the “Title Defect Amount” and shall be determined in accordance with the following terms and conditions:
Appears in 13 contracts
Samples: Purchase and Sale Agreement, Acquisition and Development Agreement, Purchase and Sale Agreement
Title Defect Amount. The Title Defect Amount resulting from a Title Defect shall be the amount by which the Allocated Value of the affected Title Defect Property is reduced as a result of the existence of such Title Defect shall be the “Title Defect Amount” and shall be determined in accordance with the following terms and conditions:
Appears in 12 contracts
Samples: Purchase and Sale Agreement (Petroquest Energy Inc), Purchase and Sale Agreement (Petroquest Energy Inc), Purchase and Sale Agreement (Petroquest Energy Inc)
Title Defect Amount. The Title Defect Amount resulting from a Title Defect shall be the amount by which the Allocated Value of the affected Title Defect Property is reduced as a result of the existence of such Title Defect shall be the “Title Defect Amount” and shall be determined in accordance with the following methodology, terms and conditions:
Appears in 7 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (EP Energy LLC), Purchase and Sale Agreement (Atlas Energy Group, LLC)
Title Defect Amount. The amount by which the Allocated Value of the affected Title Defect Property is reduced as a result of the existence of such a Title Defect shall be the “Title Defect Amount” and shall be determined in accordance with the following terms and conditions:
Appears in 6 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Qep Resources, Inc.), Purchase and Sale Agreement (LSB Industries Inc)
Title Defect Amount. The “Title Defect Amount” means the amount by which the Allocated Value of the affected Title Defect Property affected by such Title Defect is reduced as a result of the existence of such Title Defect shall be the “Title Defect Amount” and shall be determined in accordance with the following methodology, terms and conditions:
Appears in 4 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Kodiak Oil & Gas Corp), Purchase and Sale Agreement (Delta Petroleum Corp/Co)
Title Defect Amount. The Title Defect Amount resulting from a Title Defect shall be the amount by which the Allocated Value of the Subject Interest attributed to the affected Title Defect Property is reduced as a result of the existence of such Title Defect shall be the “Title Defect Amount” and shall be determined in accordance with the following terms and conditions:
Appears in 3 contracts
Samples: Membership Interest Transfer Agreement, Membership Interest Transfer Agreement, Membership Interest Transfer Agreement (Exco Resources Inc)
Title Defect Amount. The Title Defect Amount resulting from a Title Defect shall be the amount by which the Allocated Value of the affected each Title Defect Property is reduced as a result of the existence of such Title Defect shall be the “Title Defect Amount” and shall be determined by the Parties in accordance with the following terms and conditions, without duplication:
Appears in 3 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Gastar Exploration USA, Inc.), Purchase and Sale Agreement (Cubic Energy Inc)
Title Defect Amount. The Title Defect Amount resulting from a Title Defect shall be the amount by which the Allocated Value of the Conveyed Interest attributed to the affected Title Defect Property is reduced as a result of the existence of such Title Defect shall be the “Title Defect Amount” and shall be determined in accordance with the following terms and conditions:
Appears in 3 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement (Exco Resources Inc)
Title Defect Amount. The “Title Defect Amount” resulting from a Title Defect that is not waived in writing by Buyer shall be the amount by which the Allocated Value of the affected Title Defect Property is reduced as a result of the existence of such Title Defect shall be the “Title Defect Amount” and shall be determined in accordance with the following methodology, terms and conditions:
Appears in 3 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Carrizo Oil & Gas Inc), Purchase and Sale Agreement (Atlas Resource Partners, L.P.)
Title Defect Amount. The “Title Defect Amount” means the amount by which the Allocated Value value of the affected Title Defect Property affected by such Title Defect is reduced as a result of the existence of such Title Defect shall be the “Title Defect Amount” and shall be determined in accordance with the following methodology, terms and conditions:
Appears in 2 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Petroleum Development Corp)
Title Defect Amount. The Title Defect Amount resulting from a Title Defect shall be the amount by which the Allocated Value of the affected Title Defect Property is reduced as a result of the existence of such Title Defect shall be the “Title Defect Amount” and shall be determined in accordance with the following terms and conditions:
Appears in 2 contracts
Samples: Asset Purchase Agreement, Asset Purchase Agreement (Midstates Petroleum Company, Inc.)
Title Defect Amount. (a) The Title Defect Amount resulting from a Title Defect shall be the amount by which the Allocated Value of the affected each Title Defect Property is reduced as a result of the existence of such Title Defect shall be the “Title Defect Amount” and shall be determined in accordance with the following terms and conditions:
Appears in 2 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Linn Energy, LLC)
Title Defect Amount. The “Title Defect Amount” is the amount by which the Allocated Value of the affected a Title Defect Property is reduced as a result of the existence of such Title Defect shall be the “Title Defect Amount” Defect, and shall be determined in accordance with the following methodology, terms and conditions:
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Samson Oil & Gas LTD), Purchase and Sale Agreement (PetroShare Corp.)
Title Defect Amount. (a) The Title Defect Amount resulting from a Title Defect shall be the aggregate amount by which the Allocated Value of the affected each Title Defect Property affected by the applicable Title Defect is reduced as a result of the existence of such Title Defect shall be the “Title Defect Amount” and shall be determined in accordance with the following terms and conditions:
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Athlon Energy Inc.), Purchase and Sale Agreement (Athlon Energy Inc.)
Title Defect Amount. (a) The Title Defect Amount resulting from a Title Defect shall be the amount by which the Allocated Value of the affected each Title Defect Property is reduced as a result of the existence of such Title Defect shall be the “Title Defect Amount” and shall be determined in accordance with the following terms and conditionsconditions and on a Seller-by-Seller basis:
Appears in 2 contracts
Samples: Purchase, Sale and Option Agreement, Purchase, Sale and Option Agreement (Resolute Energy Corp)
Title Defect Amount. The Title Defect Amount resulting from a Title Defect shall be the amount by which the Allocated Value of the affected each Title Defect Property is reduced as a result of the existence of such Title Defect shall be the “Title Defect Amount” and shall be determined in accordance with the following terms and conditions:
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Reef Global Energy VII, L.P.), Purchase and Sale Agreement (Reef Global Energy VIII, L.P.)
Title Defect Amount. The Title Defect Amount resulting from a Title Defect shall be the amount by which the Allocated Value of the affected each Title Defect Property is reduced as a result of the existence of such Title Defect shall be the “Title Defect Amount” and shall be determined by the Parties in accordance with the following terms and conditions:
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Gastar Exploration Inc.), Purchase and Sale Agreement (Cubic Energy Inc)
Title Defect Amount. The Title Defect Amount resulting from a Title Defect shall be the amount by which the Allocated Value value of the affected Title Defect Property is reasonably reduced as a result of the existence of such Title Defect shall be the “Title Defect Amount” and shall be determined in accordance with the following terms and conditions:
Appears in 2 contracts
Samples: Formation and Exchange Agreement (Atlas Pipeline Partners Lp), Formation and Exchange Agreement (Atlas Resources Public #18-2008 Program)
Title Defect Amount. The amount by which the Allocated Value of the affected Title Defect Property is reduced as a result of the existence of such a Title Defect shall be the “Title Defect Amount” and shall be determined in accordance with the following terms and conditions:49
Appears in 1 contract
Title Defect Amount. The amount by which the Allocated Value of the affected Title Defect Property is reduced as a result of the existence of such a Title Defect shall be the “Title Defect Amount” and shall be determined in accordance with the following terms and conditions:HN\1533753.22
Appears in 1 contract
Title Defect Amount. The amount by which the Allocated Value of the affected a Title Defect Property is reduced as reduced, and the corresponding reduction in Well Reimbursement Costs, if any, attributable thereto, for a result of the existence of such Title Defect shall be (the “Title Defect Amount” and ”) shall be determined in accordance with the following terms and conditions:
Appears in 1 contract
Title Defect Amount. The Title Defect Amount resulting from a Title Defect shall be the amount by which the Adjusted Allocated Value of the affected applicable Title Defect Property is reduced as a result of the existence of such Title Defect shall be the “Title Defect Amount” and shall be determined in accordance with the following terms and conditions:
Appears in 1 contract
Samples: Mutual Release Agreement (Eagle Rock Energy Partners L P)
Title Defect Amount. The “Title Defect Amount” resulting from a Title Defect shall be the amount by which the Allocated Value value of the affected Title Defect Property is reasonably reduced as a result of the existence of such Title Defect shall be the “Title Defect Amount” and shall be determined in accordance with the following terms and conditions:
Appears in 1 contract
Samples: Purchase and Sale Agreement (Targa Resources Partners LP)
Title Defect Amount. The amount by which the Allocated Value of the affected Title Defect Property is reduced as a result of the existence of such Title Defect shall be the “Title Defect Amount” and shall be determined in accordance with the following terms and conditions:be
Appears in 1 contract
Title Defect Amount. The amount by which the Allocated Value of the affected a Title Defect Property is reduced as a result of the existence of such a Title Defect shall be (the “Title Defect Amount” and shall ”) will be determined in accordance with the following methodology, terms and conditions:
Appears in 1 contract
Samples: Purchase and Sale Agreement (Silverbow Resources, Inc.)
Title Defect Amount. The amount by which the Allocated Value of the an affected Title Defect Property is has been reduced as by a result of the existence of such Title Defect shall be (the “Title Defect Amount” and ”) shall be determined in accordance with the following terms and conditionsas follows:
Appears in 1 contract
Samples: Purchase and Sale Agreement (Strategic American Oil Corp)
Title Defect Amount. The amount by which the Allocated Value of the affected Title Defect Property is reduced as a result of the existence of such a Title Defect shall be the “Title Defect Amount” and shall be determined in accordance with the following terms and conditions:the
Appears in 1 contract
Samples: Purchase and Sale Agreement
Title Defect Amount. The Title Defect Amount resulting from a Title Defect will be the amount by which the Allocated Value of the affected Title Defect Property is reduced as a result of the existence of such Title Defect shall be the “Title Defect Amount” and shall will be determined in accordance with the following terms and conditions:
Appears in 1 contract
