Title Defect Amount; Title Benefit Amount. (a) The amount by which the Allocated Value of any Listed Interest 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 9 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement (WildHorse Resource Development Corp)
Title Defect Amount; Title Benefit Amount. (a) The amount by which the Allocated Value of any Listed Interest Title Defect Property 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 3 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Kodiak Oil & Gas Corp), Purchase and Sale Agreement (Kodiak Oil & Gas Corp)
Title Defect Amount; Title Benefit Amount. (a) The amount by which the Allocated Value of any Listed Interest (or Listed Interests if multiple Listed Interests 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 1 contract
Samples: Purchase and Sale Agreement (EnCap Energy Capital Fund X, L.P.)
