Aggregate Title Defect Value definition
Examples of Aggregate Title Defect Value in a sentence
In addition, if the Title Defect Value for any single Asset is less than $50,000 (the “De Minimis Title Defect Cost”), such value shall not be considered in calculating the Aggregate Title Defect Value and no adjustment shall be made to the Purchase Price on account of De Minimis Title Defect Costs.
In addition, if the Title Defect Value for any single Asset is less than $10,000, such value shall not be considered in calculating the Aggregate Title Defect Value.
If the Defect Value for any single Asset is less than One Hundred Thousand Dollars ($100,000.00) ("De Minimis Title Defect Cost"), such value shall not be considered in calculating the Aggregate Title Defect Value.
If any Title Defect is not cured prior to Closing, an adjustment to the Base Purchase Price will be calculated under the criteria set forth in this section, but only if the net amount of all adjustments based on the Title Defects exceeds the Aggregate Title Defect Value.
Either Party shall have the option to terminate this Agreement if the Aggregate Title Defect Value exceeds five percent (5%) of the Purchase Price.
If the Defect Value for any single Asset is less than One Hundred Thousand Dollars ($100,000.00) (“De Minimis Title Defect Cost”), such value shall not be considered in calculating the Aggregate Title Defect Value.
For purposes of this section, the cost to cure a Title Defect shall not be considered in determining Aggregate Title Defect Value.
If the Defect Value for any single Asset is less than Fifty Thousand Dollars ($50,000.00) (“De Minimis Title Defect Cost”), such value shall not be considered in calculating the Aggregate Title Defect Value.
Defect Values with an agreed individual value of less than Ten Thousand Dollars ($10,000.00) shall not be included in the calculation of the Aggregate Title Defect Value.