Common use of Notice of Asserted Title Defects Clause in Contracts

Notice of Asserted Title Defects. From time to time prior to the expiration of the Title Examination Period, as soon as reasonably practic able following Buyer’s identification of Title Defects with respect to the Leases, Buyer will furnish to Seller written notices specifying in detail each matter which, in Buyer’s opinion, constitutes a Title Defect to a Well or Valued Location and which Buyer wishes to assert as a Title Defect, together with the value allocated to each such asserted Title Defect in accordance with this Title Defect Mechanism (the “Title Defect Amount”) as estimated by Buyer (each such notice being called a “Title Defect Notice”). The Title Defect Notice shall include all documents in support of Buyer’s assertion of a Title Defect.

Notice of Asserted Title Defects. From time to time prior to the expiration of the Title Examination Period, as soon as reasonably practic able practicable following Buyer’s identification of Title Defects with respect to the LeasesLeases and/or the Xxxxx, Buyer will furnish to Seller written notices specifying in detail each matter which, in Buyer’s opinion, constitutes a Title Defect to a Lease or Well or Valued Location and which Buyer wishes to assert as a Title Defect, together with the value dollar amount allocated to each such asserted Title Defect in accordance with this Title Defect Mechanism (the “Title Defect Amount”) as estimated by Buyer (each such notice being called a “Title Defect Notice”). The Title Defect Notice shall include all documents in support of Buyer’s assertion of a Title Defect.

Notice of Asserted Title Defects. From time to time prior to the expiration of the Title Examination Period, as soon as reasonably practic able following Buyer’s identification of Title Defects with respect to the Leases, Buyer will furnish to Seller written notices specifying in detail each matter which, in Buyer’s opinion, constitutes a Title Defect to a Well or Valued Location and which Buyer wishes to assert as a Title Defect, together with the value allocated to each such asserted Title Defect in accordance with this Title Defect Mechanism (the “Title Defect Amount”) as estimated by Buyer Xxxxx (each such notice being called a “Title Defect Notice”). The Title Defect Notice shall include all documents in support of BuyerXxxxx’s assertion of a Title Defect.