Common use of Liens/Payoff Amount Clause in Contracts

Liens/Payoff Amount. If the Asserted Defect is a Defect described in Section 7(b)(ii): a downward adjustment equal to the amount of the debt secured by such lien.

Appears in 2 contracts

Samples: Agreement of Sale and Purchase (Energen Corp), Agreement of Sale and Purchase (Xto Energy Inc)

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Liens/Payoff Amount. If the Asserted Defect is a Defect described in Section 7(b)(ii7.2(b): a downward adjustment equal to the amount of the debt secured by such lien.

Appears in 1 contract

Samples: Agreement of Sale and Purchase (Whiting Petroleum Corp)

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Liens/Payoff Amount. If the Asserted Defect is a Defect described in Section 7(b)(ii6(b)(ii): a downward adjustment equal to the amount of the debt secured by such lien.

Appears in 1 contract

Samples: Asset Purchase Agreement (Kodiak Oil & Gas Corp)

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