Title Defects. Buyer shall notify Seller in writing of any Title Defect (as defined below) in the Interests as soon as possible after discovering the Title Defect but in any event on or before the Closing Date (the “Due Diligence Period”). For the purpose of this Agreement, a “Title Defect” shall mean a material deficiency which individually per defect exceeds Twenty-Five Thousand and No/100 Dollars ($25,000) in one (or more) of the following respects:
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Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Goodrich Petroleum Corp)
Title Defects. Buyer shall notify Seller Sellers in writing of any Title Defect (as defined below) in the Interests as soon as possible Assets after discovering the Title Defect but in any event on or before the five (5) Business Days prior to Closing Date (the “Due Diligence Period”). For the purpose of this Agreement, a “Title Defect” shall mean a material deficiency which individually per defect property exceeds Twenty-Five Fifty Thousand and No/100 Dollars ($25,00050,000) in one (or more) of the following respects:respects (other than Permitted Encumbrances):
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Samples: Purchase and Sale Agreement (Dynamic Offshore Resources, Inc.), Purchase and Sale Agreement (Dynamic Offshore Resources, Inc.)
Title Defects. Buyer shall notify Seller in writing may provide one or more written notices to Sellers of any Title Defect (as defined below) in the Interests as soon as possible Assets after discovering the Title Defect but in any no event on or before the Closing Date later than December 21, 2010 (the “Due Diligence Period”). For the purpose of this Agreement, a “Title Defect” shall mean a material deficiency which individually per defect exceeds Twenty-Five Thousand and No/100 Dollars ($25,000) in one (or more) of the following respects:respects (other than Permitted Encumbrances), the value of which exceeds Fifty Thousand Dollars ($50,000):
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Samples: Purchase and Sale Agreement (Three Rivers Operating Co Inc.)
Title Defects. Buyer shall notify Seller in writing of any ------------- Title Defect (as defined below) in the Interests as soon as possible after discovering the Title Defect but in any event on or before the Closing Date no later than November 5, 1999 (the “"Due Diligence Period”"). For the purpose purposes of this Agreement, a “"Title Defect” " shall mean a material deficiency which individually individually, per defect Interest or per Property, exceeds Twenty-Five Thousand and No/100 Dollars (US $25,0005,000) in one (or more) of the following respects:: 4.
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