Common use of Title Defect Value Clause in Contracts

Title Defect Value. “Title Defect Value” means the amount by which the Allocated Value of an Asset has been reduced by a Title Defect. In determining the Title Defect Value, the Parties intend to include only that portion of the Asset affected by the Title Defect. The Title Defect Value may not exceed the Allocated Value of the Asset and shall be determined by the Parties in good faith taking into account all relevant factors, including without limitation, the following:

Appears in 4 contracts

Samples: Purchase and Sale Agreement (Exco Resources Inc), Purchase and Sale Agreement (Exco Resources Inc), Purchase and Sale Agreement (Exco Resources Inc)

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Title Defect Value. “Title Defect Value” means the amount by which the Allocated Value of an Asset has been a Lease is reduced by a Title Defect. In determining , although the Title Defect Value, the Parties intend to include only that portion of the Asset affected by the Title Defect. The Title Defect Value may not never exceed the Allocated Value of the Asset and Lease. The Title Defect Value shall be determined by the Parties in good faith taking into account all relevant factors, including without limitation, the followingas follows:

Appears in 2 contracts

Samples: Purchase and Sale Agreement (American Oil & Gas Inc), Purchase and Sale Agreement (American Oil & Gas Inc)

Title Defect Value. “Title Defect Value” means the amount by which the Allocated Value value of a specific Asset affected by an Asset has been asserted Title Defect is reduced by a such asserted Title DefectDefect (and assuming the value of each Lease shall be US$1500 multiplied by the number of net acres of such Lease). In determining the Title Defect Value, the Parties intend to include only that portion of the Asset Lease affected by the Title Defect. The Parties shall determine the Title Defect Value may not exceed the Allocated Value of the Asset and shall be determined by the Parties in good faith taking into account all relevant factors, including without limitation, the followingas follows:

Appears in 1 contract

Samples: Purchase and Sale Agreement (PetroHunter Energy Corp)

Title Defect Value. “Title Defect Value” means the amount by which the Allocated Value of an Asset has been reduced by a Title Defect. In determining the Title Defect Value, the Parties intend to include only that portion of the Asset affected by the Title Defect. The Title Defect Value may not exceed the Allocated Value of the Asset and shall be determined by the Parties in good faith taking into account all relevant factors, including without limitation, the followingas follows:

Appears in 1 contract

Samples: Purchase and Sale Agreement (Synergy Resources Corp)

Title Defect Value. “Title Defect Value” means the amount by which the Allocated Value of an Asset a Property has been reduced by a Title Defect. In determining the Title Defect Value, the Parties intend to include only that portion of the Asset Property affected by the Title Defect. The Title Defect Value may not exceed the Allocated Value of the Asset and shall be determined by the Parties in good faith taking into account all relevant factors, including without limitation, the following:Title

Appears in 1 contract

Samples: Purchase and Sale Agreement (Exco Resources Inc)

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Title Defect Value. Title Defect Value" means the amount by which the Allocated Value of an Asset has been reduced by a Title Defect. In determining the Title Defect Value, the Parties intend to include only that portion of the Asset affected by the Title Defect. The Title Defect Value may not exceed the Allocated Value of the Asset and shall be determined by the Parties in good faith taking into account all relevant factors, including without limitation, the followingas follows:

Appears in 1 contract

Samples: Purchase and Sale Agreement (Synergy Resources Corp)

Title Defect Value. “Title Defect Value” means means, with respect to an Asset, the amount by which the reduction in such Asset’s Allocated Value as of the Defect Notice Deadline caused by an Asset has been reduced by a Title Defect. In determining the uncured Title Defect Valuewith respect to such Asset, the Parties intend to include only that portion of the Asset affected by the Title Defect. The Title Defect Value may not exceed the Allocated Value of the Asset and shall be determined by the Parties in good faith taking into account all relevant factorsany subsequent cure of such Title Defect by Sellers or the Company Entities as described herein; provided, including without limitationhowever, the followingthat:

Appears in 1 contract

Samples: Membership Interest Purchase and Sale Agreement (Carbon Energy Corp)

Title Defect Value. “Title Defect Value” means the amount by which the Allocated Value of an Asset has been reduced by a Title Defect. In determining the Title Defect Value, the Parties intend to include only that portion of the Asset affected by the Title Defectdefect. The Title Defect Value may not exceed the Allocated Value of the Asset and shall be determined by the Parties in good faith taking into account all relevant factors, including without limitation, the following:

Appears in 1 contract

Samples: Purchase and Sale Agreement (Storm Cat Energy CORP)

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