Aggregate Defect Deductible definition

Aggregate Defect Deductible means an amount equal to 3% of the Base Purchase Price.
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Aggregate Defect Deductible is defined in Section 4.2(c)(iii).
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Aggregate Defect Deductible means an amount equal to one and one half percent (1.5%) of the Base Purchase Price.
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Examples of Aggregate Defect Deductible in a sentence

  • In the event the aggregate amount of Title Benefit Amounts equals or exceeds the aggregate amount of Title Defect Amounts in excess of the Aggregate Defect Deductible, neither Party shall be entitled to an adjustment of the Base Purchase Price with respect to any Title Defect Amounts or Title Benefit Amounts.

  • For purposes of calculating the dollar amount of the Performance Deposit, Aggregate Defect Deductible and Allocated Values, the Share Consideration component of the Purchase Price shall be equal to one million five hundred thousand (1,500,000) multiplied by the closing price of the Class A Common Stock as reported by NASDAQ on May 11, 2017.

  • The deemed Title Defect Amount caused by the Excluded Third Party Owner Interests shall not be subject or applicable to the Aggregate Defect Deductible.

  • The Interest Addition Amount resulting from an Interest Addition shall be determined in accordance with the same methodology, terms and conditions for determining the Title Defect Value; provided, however, the Parties will give effect to the Individual Title Threshold but not the Aggregate Defect Deductible.


More Definitions of Aggregate Defect Deductible

Aggregate Defect Deductible means an amount equal to 3% of the Base Purchase Price. “Agreement” has the meaning set forth in the introductory paragraph, together with all Exhibits and Schedules attached hereto,
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Aggregate Defect Deductible shall have the meaning set forth in Section 4.2(j)(i).
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