Common use of Title Defect Values Clause in Contracts

Title Defect Values. In determining the value of a Title Defect, it is the intent of the Parties to include, to the extent possible, only that portion of the Leases, whether an undivided interest, separate interest or otherwise, adversely affected by the Title Defect as agreed to by the Parties. The Title Defect Value shall in no event exceed the Allocated Value of the affected Asset. Subject to such limitation, the Title Defect Value shall be determined by the Parties in good faith taking into account all relevant factors, including, but not limited to, the following:

Appears in 3 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Vanguard Natural Resources, LLC), Purchase and Sale Agreement (Vanguard Natural Resources, LLC)

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Title Defect Values. In determining the value of a Title Defect, it is the intent of the Parties to include, to the extent possible, only that portion of the LeasesSubject Interests, whether an undivided interest, separate interest or otherwise, materially and adversely affected by the Title Defect as agreed to by the PartiesDefect. The Title Defect Value value shall in no event exceed the Allocated Value of the affected AssetSubject Interest. Subject to such limitation, the Title Defect Value value shall be determined by the Parties in good faith taking into account all relevant factors, including, but not limited to, the following:.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Vanguard Natural Resources, LLC), Asset Purchase Agreement (Vanguard Natural Resources, LLC)

Title Defect Values. In determining the value of a Title DefectDefect (the “Title Defect Value”), it is the intent of the Parties to include, to the extent possible, only that portion of the Leaseslands, leases and xxxxx or other Assets, whether an undivided interest, separate interest or otherwise, materially and adversely affected by the Title Defect as agreed to by the Partiesdefect. The Title Defect Value value shall in no event exceed the Allocated Value of the affected Asset. Subject to such limitation, ; the Title Defect Value shall be determined by the Parties parties in good faith taking into account all relevant factors, including, but not limited to, the following:

Appears in 1 contract

Samples: Purchase and Sale Agreement (Denbury Resources Inc)

Title Defect Values. In determining the value of a Title Defect, it is the intent of the Parties to include, to the extent possible, only that portion of the Leaseslands, leases and xxxxx, whether an undivided interest, separate interest or otherwise, materially and adversely affected by the Title Defect as agreed to by the PartiesDefect. The Title Defect Value shall in no event exceed the Allocated Value of the affected Asset. Subject to such limitation, the Title Defect Value shall be determined by the Parties in good faith taking into account all relevant factors, including, but not limited to, the following:

Appears in 1 contract

Samples: Purchase and Sale Agreement (Markwest Hydrocarbon Inc)

Title Defect Values. In determining the value of a Title Defect, it is the intent of the Parties to include, to the extent possible, only that portion of the LeasesAssets, whether an undivided interest, separate interest or otherwise, materially and adversely affected by the Title Defect as agreed to by the Partiesdefect. The Title Defect Value shall in no event exceed the Allocated Value of the affected Asset. Subject to such limitation, the Title Defect Value shall be determined by the Parties in good faith taking into account all relevant factors, including, but not limited to, the following:

Appears in 1 contract

Samples: Purchase and Sale Agreement (Arena Resources Inc)

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Title Defect Values. In determining the value of a Title Defect, it is the intent of the Parties to include, to the extent possible, only that portion of the Leaseslands, leases and wells, whether an undivided interest, separate interest or otherwiseotherwixx, xaterially and adversely affected by the Title Defect as agreed to by the Partiesdefect. The Title Defect Value value shall in no event exceed the Allocated Value of the affected Asset. Subject to such limitation, ; the "Title Defect Value Value" shall be determined by the Parties parties in good faith taking into account all relevant factors, including, but not limited to, the following:

Appears in 1 contract

Samples: Purchase and Sale Agreement (Parallel Petroleum Corp)

Title Defect Values. In determining the value of a Title Defect, it is the intent of the Parties to include, to the extent possible, only that portion of the Leaseslands, leases and xxxxx, whether an undivided interest, separate interest or otherwise, materially and adversely affected by the Title Defect as agreed to by the Partiesdefect. The Title Defect Value value shall in no event exceed the Allocated Value of the affected Asset. Subject to such limitation, ; the "Title Defect Value Value" shall be determined by the Parties parties in good faith taking into account all relevant factors, including, but not limited to, the following:

Appears in 1 contract

Samples: Purchase and Sale Agreement (Parallel Petroleum Corp)

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