Aggregate Title Defect Value definition

Aggregate Title Defect Value as defined in Section 11.08.
Aggregate Title Defect Value is defined in Section 7.5. “Allocated Value” is defined in Section 3.2.
Aggregate Title Defect Value has the meaning specified in Section 7.3(d).

Examples of Aggregate Title Defect Value in a sentence

  • In addition, if the Title Defect Value for any single Asset is less than $50,000 (the “De Minimis Title Defect Cost”), such value shall not be considered in calculating the Aggregate Title Defect Value and no adjustment shall be made to the Purchase Price on account of De Minimis Title Defect Costs.

  • In addition, if the Title Defect Value for any single Asset is less than $10,000, such value shall not be considered in calculating the Aggregate Title Defect Value.

  • If both an individual or “de minimis” deductible and an aggregate deductible are used, the Buyer should try to define these terms carefully to avoid being “double-dipped” – that is, it should seek to have any amounts not counted under the individual property deductible or threshold added back into the calculation of the Aggregate Title Defect Value.

  • Notwithstanding any provisions herein to the contrary, if the Title Benefit Value for any single Title Benefit affecting a single Title Benefit Property is less than the De Minimis Title Benefit Amount, no offset to the Aggregate Title Defect Value for such Title Benefit Value shall be made.

  • If Buyer agrees with the existence of the Title Benefit and Seller’s good faith estimate of the Title Benefit Value (after taking into account the limitations set forth in Section 11.09(c)), then the Aggregate Title Defect Value shall be offset by the amount of the Title Benefit Value (after taking into account the limitations set forth in Section 11.09(c)).

  • In addition, if the Title Defect Value for any single Title Defect affecting a single Title Defect Property is less than the De Minimis Title Defect Cost, no adjustment to the Purchase Price for such Title Defect Value or other remedy set forth in Sections 11.05, 11.06 and 11.07 shall be made or available for such Title Defect and such value shall not be considered in calculating the Aggregate Title Defect Value.


More Definitions of Aggregate Title Defect Value

Aggregate Title Defect Value shall have the meaning set forth in Section 6.2(d).
Aggregate Title Defect Value shall have the meaning set forth in Section 6.2(d).

Related to Aggregate Title Defect Value

  • Title Defect Amount means, with respect to a Title Defect Property, the amount by which such Title Defect Property is impaired as a result of the existence of one or more Title Defects, which amount shall be determined as follows:

  • Environmental Defect Value means, with respect to any Environmental Defect, the value, as of the Closing Date, of the estimated costs and expenses to correct such Environmental Defect in the most cost-effective manner reasonably available, consistent with Environmental Laws, taking into account that non-permanent remedies (such as mechanisms to contain or stabilize hazardous materials, including monitoring site conditions, natural attenuation, risk-based corrective action, institutional controls or other appropriate restrictions on the use of property, caps, dikes, encapsulation, leachate collection systems, etc.) may be the most cost-effective manner reasonably available.

  • Title Defect Property has the meaning set forth in Section 6.2(a).

  • Title Benefit Amount has the meaning set forth in Section 6.2(d).

  • Title Defect means with respect to a Lease any lien, encumbrance, adverse claim, default, expiration, failure, defect in or objection to real property title, other than Permitted Encumbrances, that alone or in combination with other defects renders Sellers’ title to the Lease less than Defensible Title.

  • Title Defect Notice shall have the meaning set forth in Section 11.2(a).

  • Title Defects has the meaning set forth in Section 5.15(b).

  • Environmental Defect Notice shall have the meaning set forth in Section 12.1(a).

  • Allocated Value means, in respect of any particular asset of a Participating CCAA Party, the amount of the sale proceeds realized from such asset, net of costs allocated to such asset all pursuant to the Allocation Methodology and, in respect of any Secured Claim, the amount of such sale proceeds receivable on account of such Secured Claim after taking into account the priority of such Secured Claims relative to other creditors holding a Lien in such asset;

  • Environmental Defect means, with respect to any given Asset, a material violation of Environmental Laws in effect as of the Effective Time in the jurisdiction in which such Asset is located.

  • Title Benefit means Seller’s interest in any Subject Interest that is greater than or in addition to that set forth in Exhibit B (including, without limitation, a Net Revenue Interest that is greater than that set forth in Exhibit B) or Seller’s Working Interest in any Subject Interest that is less than the Working Interest set forth in Exhibit B (without a corresponding decrease in the Net Revenue Interest). Any matters that may otherwise constitute Title Benefits, but of which Buyer has not been specifically notified by Seller in accordance with the foregoing, shall be deemed to have been waived by Seller for all purposes.

  • Aggregate Value means, with respect to any block of Equity Stock, the sum of the products of (i) the number of shares of each class of Equity Stock within such block multiplied by (ii) the corresponding Market Price of one share of Equity Stock of such class.

  • Aggregate Assets means the value of the Sub-Advised Assets and the Other Accounts on the Valuation Date during the applicable calendar month. The values for the Sub-Advised Assets and Other Accounts shall be as reported by the applicable custodian and fund administrator.

  • Aggregate Purchase Price has the meaning set forth in Section 1.1.

  • Benefit Amount shall have the meaning set forth in Section 20.12 hereof.

  • Defect Notice shall have the meaning specified in Section 3.2 of this Agreement.

  • Post-Closing Adjustment Amount has the meaning set forth in Section 2.04(c).

  • Added value means that the Contractor performs subcontract management functions that the Contracting Officer determines are a benefit to the Government (e.g., processing orders of parts or services, maintaining inventory, reducing delivery lead times, managing multiple sources for contract requirements, coordinating deliveries, performing quality assurance functions).

  • Assigned Value means the Market/Offer Price, as defined in Section 7.

  • Contract Amount means:

  • Aggregate Quantity of IDR Reset Common Units has the meaning given such term in Section 5.11(a).

  • Estimated Value means the value of the Contract estimated under these Contract and Procurement Regulations.

  • Closing Value means, as of a particular date, the value of a Share determined by the closing sales price for such Share (or the closing bid, if no sales were reported) as quoted on The New York Stock Exchange for the last market trading day prior to the date of determination, as reported in The Wall Street Journal or such other source as the Administrator deems reliable.

  • Maximum Benefit Amount means the maximum amount payable for coverage provided to You as shown in the Schedule of Benefits.

  • Estimated Adjustment Amount has the meaning set forth in Section 2.8(a).

  • Appraised Value The value set forth in an appraisal made in connection with the origination of the related Mortgage Loan as the value of the Mortgaged Property.