Title Defect. “Title Defect” means any encumbrance, defect in or objection to real property title, excluding Permitted Encumbrances, that renders Seller’s title less than Defensible Title. Notwithstanding the foregoing, the following shall not constitute Title Defects:
Appears in 2 contracts
Samples: Asset Purchase Agreement, Asset Purchase Agreement (Linn Energy, LLC)
Title Defect. “Title Defect” means any material encumbrance, defect in or objection to real property title, excluding Permitted Encumbrances, that renders Seller’s Sellers’ title less than Defensible Title. Notwithstanding the foregoing, the following shall not constitute Title Defects:
Appears in 2 contracts
Samples: Asset Purchase Agreement (Contango Oil & Gas Co), Asset Purchase Agreement (Contango Oil & Gas Co)
Title Defect. “The term "Title Defect” " means any lien, encumbrance, adverse claim, encroachment, defect in or objection to real property title, excluding Permitted Encumbrances, that alone or in combination with other defects renders Seller’s 's title less than Defensible Title. Notwithstanding the foregoing, the following shall not constitute be considered Title Defects:
Appears in 1 contract
Title Defect. “Title Defect” means any material encumbrance, defect in or objection to real property title, excluding Permitted Encumbrances, that renders Seller’s title less than Defensible Title. Notwithstanding the foregoing, the following shall not constitute Title Defects:
Appears in 1 contract
Title Defect. “The term "Title Defect” " means any material encumbrance, encroachment, irregularity, defect in or objection to real property title, excluding Permitted Encumbrances, that alone or in combination with other defects renders Seller’s 's title less than Defensible Title. Notwithstanding the foregoing, the following shall not constitute be considered Title Defects:
Appears in 1 contract
