Common use of Remedies for Title Benefits Clause in Contracts

Remedies for Title Benefits. Subject to Purchaser’s right to dispute the existence of a Title Benefit and the Title Benefit Amount asserted with respect thereto, Seller’s sole and exclusive remedy with respect to any Title Benefit shall be to offset the Title Defect Amounts that exceed the Individual Threshold pursuant to Section 6.1(f), but only to the extent the Title Benefit Amount of any such Title Benefit exceeds the Individual Threshold.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Energy Resources 12, L.P.), Purchase and Sale Agreement (Energy Resources 12, L.P.)

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Remedies for Title Benefits. Subject to Purchaser’s right to dispute the existence of a Title Benefit and the Title Benefit Amount asserted with respect thereto, Seller’s sole and exclusive remedy Title Benefits shall be used solely for the purpose of offsetting any adjustment to the Unadjusted Purchase Price on account of Title Defects pursuant to ‎Section 3.2(g)(i), with respect to any the amount of offset for each Title Benefit shall be to offset the Title Defect Amounts that exceed the Individual Threshold pursuant to Section 6.1(f), but only to the extent being the Title Benefit Amount (not to exceed the amount of any such Title Benefit exceeds Defects resulting in adjustment to the Individual ThresholdUnadjusted Purchase Price).

Appears in 1 contract

Samples: Securities Purchase Agreement (Matador Resources Co)

Remedies for Title Benefits. Subject to Purchaser’s right to dispute the existence of a Title Benefit and the Title Benefit Amount asserted with respect thereto, Seller’s sole and exclusive remedy with respect to any Title Benefit Benefits shall be used solely for the purpose of offsetting any adjustment to offset the Unadjusted Purchase Price on account of Title Defect Amounts that exceed the Individual Threshold Defects pursuant to Section 6.1(f3.2(g)(i), but only to with the extent amount of offset for each Title Benefit being the Title Benefit Amount (not to exceed the amount of any such Title Benefit exceeds Defects resulting in adjustment to the Individual ThresholdUnadjusted Purchase Price).

Appears in 1 contract

Samples: Securities Purchase Agreement (Matador Resources Co)

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Remedies for Title Benefits. Subject to Purchaser’s right to dispute the existence of a Title Benefit and the Title Benefit Amount asserted with respect thereto, Seller’s the sole and exclusive remedy of Seller with respect to any all finally determined or agreed Title Benefit Amounts attributable to all finally determined or agreed Title Benefits shall be to offset the Title amount of all finally determined or agreed Defect Amounts that exceed for purposes of calculating the Individual Threshold downward adjustment to the Unadjusted Purchase Price pursuant to Section 6.1(f3.2(g), but only to the extent the Title Benefit Amount of any such Title Benefit exceeds the Individual Threshold.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Riley Exploration Permian, Inc.)

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