Title Defect Deductible Amount definition

Title Defect Deductible Amount means Forty-Seven Million Two Hundred Fifty Thousand and no/100 dollars ($47,250,000.00). “Title Defect Notice” is defined in Section 4.1(a).
Sample 1Sample 2
Title Defect Deductible Amount means an amount equal to 2% of the Purchase Price.
Sample 1
Title Defect Deductible Amount. An amount equal to TWO MILLION AND NO/100 DOLLARS ($2,000,000.00)
Sample 1

Examples of Title Defect Deductible Amount in a sentence

  • It is generally regarded as the most difficult performance standard to be met.

  • Practically speaking, due to the suspension of UNHCR registration, it is only possible for Syrian refugees who arrived in Lebanon prior to 5 January 2015 and registered with UNHCR prior to May 2015 to hold valid UNHCR registration certificates.

  • For avoidance of doubt, there shall be no adjustment to the Purchase Price for Title Defects cured or remedied in accordance with Section 6.11(a) or 6.11(b) and the Title Defect Threshold Amount and the Title Defect Deductible Amount shall not apply to any Title Defect arising by, through or under Seller.

  • Notwithstanding anything in this Agreement to the contrary, the Purchase Price shall not be adjusted for Title Defect Amounts (defined in Section 7.04) which do not, in the aggregate, exceed the Title Defect Deductible Amount and Purchaser shall take delivery of such Leaseholds and Mineral Properties subject to such Title Defects.


More Definitions of Title Defect Deductible Amount

Title Defect Deductible Amount means Forty-Seven Million Two Hundred Fifty Thousand and no/100 dollars ($47,250,000.00).
Sample 1

Related to Title Defect Deductible Amount

  • Title Defect Amount means the amount by which the Allocated Value of the Title Defect Property affected by such Title Defect is reduced as a result of the existence of such Title Defect and shall be determined in accordance with the following methodology, terms and conditions:

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

  • 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.

  • Deductible Amount means, with respect to any Insuring Agreement, the amount set forth under the heading “Deductible Amount” in Item 3 of the Declarations or in any Rider for such Insuring Agreement, applicable to each Single Loss covered by such Insuring Agreement.

  • 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).

  • Title Defect as used herein shall mean any encumbrance, encroachment, irregularity, defect in or objection to Seller’s title to the Interests (excluding Permitted Encumbrances), that alone or in combination with other defects renders Seller’s title to the Interests or part thereof less than Defensible Title.

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

  • 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.

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

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

  • Claim Amount means the amount calculated in accordance with Section 6.2 of this Policy.

  • Indemnity Cap has the meaning set forth in Section 9.2(b).

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

  • Buyer Losses has the meaning set forth in Section 10.1(a).

  • Indemnity Threshold has the meaning set forth in Section 9.3.

  • 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;

  • Post-Closing Adjustment Amount has the meaning set forth in Section 1.9.3.

  • Casualty Loss means, with respect to any item of Equipment, the loss, theft, damage beyond repair or governmental condemnation or seizure of such item of Equipment.

  • Material Project EBITDA Adjustments means, with respect to each Material Project:

  • Indemnity Amount means the amount of any indemnification obligation payable under the Basic Documents.

  • Seller Losses shall have the meaning set forth in Section 9.1(b).

  • Closing Adjustment Amount shall have the meaning set forth in Section 2.3(b)(i)(A).

  • Mental deficiency means mental deficiency as defined by appropriate clinical authorities to such extent that a person so afflicted is incapable of managing himself and his affairs, but shall not include mental illness as defined herein.