Defect Amounts. The diminution of value of the Assets attributable to any valid Defect that actually burdens, encumbers, or affects an Oil and Gas Property (the “Defect Amount”) shall be determined as follows:
Appears in 3 contracts
Samples: Securities Purchase Agreement (Kosmos Energy Ltd.), Purchase and Sale Agreement, Purchase and Sale Agreement (Diamondback Energy, Inc.)
Defect Amounts. The diminution of value of the Assets attributable to any valid Defect that actually burdens, encumbers, encumbers or affects an Oil and Gas Property a Lease or Well (the “Defect Amount”) shall be determined as follows:
Appears in 2 contracts
Samples: Securities Purchase Agreement (Matador Resources Co), Securities Purchase Agreement (Matador Resources Co)