Aggregate Threshold. Notwithstanding anything herein to the contrary, adjustments to the Purchase Price prior to Closing for Title Defects or Environmental Defects shall only be made once the aggregate amount of all Title Defects and Environmental Defects exceed the Aggregate Threshold, in which event, Buyer shall be entitled to an adjustment to the Purchase Price for Title Defects and Environmental Defects of which Buyer provided notice to the Seller Representative in accordance with Section 3.04(a) and Section 3.08(a), as applicable.
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Samples: Interest Purchase Agreement (Energy 11, L.P.), Interest Purchase Agreement (Natural Resource Partners Lp)
Aggregate Threshold. Notwithstanding anything herein to the contrary, adjustments to the Purchase Price prior to Closing for Title Defects or Environmental Defects shall only be made once the aggregate amount of all Title Defects and Environmental Defects exceed the Aggregate Threshold, in which event, Buyer shall be entitled to an adjustment to the Purchase Price for Title Defects and Environmental Defects of which Buyer provided notice to the Seller Representative in accordance with Section 3.04(a) and Section 3.08(a), as applicable.
Appears in 2 contracts
Samples: Interest Purchase Agreement (Energy 11, L.P.), Interest Purchase Agreement (Energy 11, L.P.)
Aggregate Threshold. Notwithstanding anything herein to the contrary, adjustments to the Purchase Price prior to Closing for Title Defects or Environmental Defects shall only be made once the aggregate amount of all Title Defects and Environmental Defects exceed the Aggregate Threshold, in which event, Buyer shall be entitled to an adjustment to the Purchase Price for Title Defects and Environmental Defects of which Buyer provided notice to the Seller Representative in accordance with Section 3.04(a) and Section 3.08(a), as applicable.
Appears in 1 contract
