Title Defect Amount; Title Benefit Amount; Adjustments. (a) The amount by which the Allocated Value of any Company Lease, Company Unit or Company Well (or Company Leases, Company Units or Company Xxxxx if multiple Company Leases, Company Units or Company Xxxxx are affected) is reduced as a result of the existence of a Title Defect with respect thereto is the “Title Defect Amount”, which shall be determined in accordance with the following methodology, terms and conditions:
Appears in 5 contracts
Samples: Registration Rights Agreement (Talos Energy Inc.), Registration Rights Agreement (Talos Energy Inc.), Purchase and Sale Agreement (Talos Energy Inc.)
