Common use of Title Defect Adjustment Clause in Contracts

Title Defect Adjustment. In the event that Buyer provides Seller with a Title Defect Notice relating to a Title Defect not previously cured by Seller prior to Closing as set forth above, and subject to Article 9, Seller and Buyer shall reduce the Purchase Price by the aggregate amount of the Title Defect Values for such Title Defects and proceed to Closing with respect to the affected Assets.

Title Defect Adjustment. In the event that Buyer provides Seller Sellers with a proper Title Defect Notice relating to a Title Defect not previously cured by Seller prior to Closing as set forth above, and subject Sellers elect not to Article 9cure or indemnify Buyer for said Title Defect, Seller Sellers and Buyer shall reduce the Purchase Price by the aggregate amount of the Title Defect Values Value for such Title Defects Defect and proceed to Closing with respect to the affected Assets.