Common use of Title Defects Clause in Contracts

Title Defects. A Property shall be deemed to have a “Title Defect” if Seller is found to have less than Defensible Title and it is reasonably estimated to (a) require an expenditure in excess of $10,000.00 to remedy or (b) reduce the value of such Property by an amount in excess of $10,000.00. For purposes of this Agreement, the term “Defensible Title” shall mean such title of Seller that, subject to and except for the Permitted Encumbrances:

Title Defects. A Property The Asset shall be deemed to have a “"Title Defect” " if Seller is found to have less than Defensible Title and it is reasonably estimated to (a) require an expenditure in excess of $10,000.00 25,000 to remedy or (b) reduce the value of such Property the Asset by an amount in excess of $10,000.0025,000. For purposes of this Agreement, the term “"Defensible Title” " shall mean such title of Seller that, subject to and except for the Permitted Encumbrances:

Title Defects. A Property An Asset shall be deemed to have a “Title Defect” if Seller is found to have has less than Defensible Title and it that is reasonably estimated to (ai) require an expenditure in excess of $10,000.00 25,000 to remedy remedy; or (bii) that is reasonably anticipated to reduce the value of such Property Assets by an amount in excess of $10,000.0025,000. For purposes of this Agreement, the term “Defensible Title” shall mean such title of Seller that, means that subject to and except for the Permitted Encumbrances:

Title Defects. A Property An Asset shall be deemed to have a “Title Defect” if Seller is found to have less than Defensible Title thereto, without duplication, and it is reasonably estimated to individually (a) require an expenditure in excess of $10,000.00 25,000 to remedy or (b) reduce the value of such Property Asset by an amount in excess of $10,000.0025,000. For purposes of this Agreement, the term “Defensible Title” shall mean such title of Seller that, as of the Effective Time, and subject to and except for the Permitted Encumbrances:

Title Defects. A Property An Asset shall be deemed to have a “Title Defect” if Seller is found to have less than Defensible Title and it is reasonably estimated to (a) require an expenditure in excess of $10,000.00 25,000 to remedy or (b) reduce the value of such Property Asset by an amount in excess of $10,000.0025,000. For purposes of this Agreement, the term “Defensible Title” shall mean such title of Seller that, subject to and except for the Permitted Encumbrances:mean