Defect Adjustments. If the Assets are affected by Title Defects (excluding any Leases excluded pursuant to Section 4.7), the Purchase Price will be reduced under Section 2.3 by the amount of the Defect Values unless with respect to a Title Defect: (i) Buyer agrees to waive the Title Defect, or (ii) Sellers cure the Title Defect on or before 5:00 p.m. Mountain Time three (3) days before Closing.
Appears in 4 contracts
Samples: Purchase and Sale Agreement (Eternal Energy Corp.), Purchase and Sale Agreement (Eternal Energy Corp.), Purchase and Sale Agreement (American Eagle Energy Inc.)