Title Defect Amount. The “Title Defect Amount” means the amount by which the Allocated Value of the Title Defect Property affected by such Title Defect is reduced as a result of the existence of such Title Defect and shall be determined in accordance with the following methodology, terms and conditions:
Appears in 4 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Kodiak Oil & Gas Corp), Purchase and Sale Agreement (Delta Petroleum Corp/Co)
Title Defect Amount. The “Title Defect Amount” means is the amount by which the Allocated Value of the a Title Defect Property affected by such Title Defect is reduced as a result of the existence of such Title Defect Defect, and shall be determined in accordance with the following methodology, terms and conditions:
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Samson Oil & Gas LTD), Purchase and Sale Agreement (PetroShare Corp.)
Title Defect Amount. The “Title Defect Amount” means the amount by which the Allocated Value value of the Title Defect Property affected by such Title Defect is reduced as a result of the existence of such Title Defect and shall be determined in accordance with the following methodology, terms and conditions:
Appears in 2 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Petroleum Development Corp)
Title Defect Amount. The “Title Defect Amount” means the amount by which the Transferor Allocated Value of the Title Defect Property affected by such Title Defect is reduced as a result of the existence of such Title Defect and shall be determined in accordance with the following methodology, terms and conditions:
Appears in 1 contract
Title Defect Amount. The “Title Defect Amount” means resulting from a Title Defect shall be the amount by which the Allocated Value value of the Title Defect Property affected by such Title Defect is reasonably reduced as a result of the existence of such Title Defect and shall be determined in accordance with the following methodology, terms and conditions:
Appears in 1 contract
Samples: Membership Interest Purchase and Sale Agreement (Targa Resources Partners LP)
Title Defect Amount. The “Title Defect Amount” means the amount by which the Allocated Value of the Title Defect Property affected by such Title Defect is reduced as a result of the existence of such Title Defect and shall be determined in accordance with the following methodology, terms and conditions:
Appears in 1 contract
Title Defect Amount. The “Title Defect Amount” means the amount by which the Allocated Value value of the a Title Defect Property affected is reduced by such a Title Defect. Notwithstanding anything to the contrary herein, Title Defect is reduced as a result of the existence of such Amount shall be calculated without duplication. Title Defect and Amounts shall be determined in accordance with the following methodology, terms and conditionsas follows:
Appears in 1 contract
Samples: Membership Interest Purchase Agreement (HNR Acquisition Corp.)
Title Defect Amount. The “Title Defect Amount” means the amount by which the Allocated Value of a Title Defect Property is reduced by a Title Defect. In determining the Title Defect Amount, the Parties intend to include only that portion of the Title Defect Property affected by such the Title Defect. The Parties shall determine the Title Defect is reduced Amount as a result of the existence of such Title Defect and shall be determined in accordance with the following methodology, terms and conditionsfollows:
Appears in 1 contract
Samples: Purchase and Sale Agreement (Earthstone Energy Inc)
Title Defect Amount. The “"Title Defect Amount” " means the amount by which the Allocated Value of the Title Defect Property affected by such Title Defect is reduced as a result of the existence of such Title Defect and shall be determined in accordance with the following methodology, terms and conditions:
Appears in 1 contract
Samples: Purchase and Sale Agreement (Empire Petroleum Corp)
