Defect Threshold definition

Defect Threshold means, (i) for each individual Property, Defects asserted by Buyer that adversely affect such Property by an amount equal to or in excess of $10,000, and (ii) for the Assets taken as a whole, Defects asserted by Buyer that adversely affect Seller and/or the Assets by an amount equal to or in excess of $60,000.

Defect Threshold means $1,125,000.

Defect Threshold is defined in Section 3(d).

Examples of Defect Threshold in a sentence

• In the event that the aggregate of all such Environmental Defect Amounts in excess of the Individual Environmental Defect Threshold exceeds the Aggregate Environmental Defect Deductible, the adjustment to the Purchase Price shall only be for the amount by which the total of all such Environmental Defect Amounts exceeds the Aggregate Environmental Defect Deductible.

• Notwithstanding anything herein to the contrary, no single Environmental Defect shall be taken into account unless the applicable Environmental Defect Amount is determined to be more than the Individual Environmental Defect Threshold.

• In the event that the aggregate of all such Title Defect Amounts in excess of the Individual Title Defect Threshold exceeds the Aggregate Title Defect Deductible, the adjustment to the Purchase Price shall only be for the amount by which the total of all such Title Defect Amounts exceeds the Aggregate Title Defect Deductible.

• Notwithstanding anything herein to the contrary, no single Title Defect shall be taken into account unless the applicable Title Defect Amount is determined to be more than the Individual Title Defect Threshold.

• The following Test Exit Defect Threshold rules will be applied to the SIT Migration Test Stage: • 0 x Severity 1 Defects• 0 x Severity 2 Defects• 10% of test cases allocated x Severity 3 Defects• 20% of test cases allocated x Severity 4 Defects Each participant, based on their Market Role, will be allocated a subset of SIT Migration Test Cases for execution.

More Definitions of Defect Threshold

Defect Threshold means $1,220,000.

Defect Threshold means an amount equal to 2% of the Unadjusted Purchase Price.

Defect Threshold means, for the Producing Properties taken as a whole, Title Defects asserted by Purchaser that adversely affect the Producing Properties by an aggregate amount equal to or in excess of one percent (1%) of the Allocated Value of the Producing Properties taken as a whole.

Defect Threshold shall have the meaning assigned to such term in Section 7.8. “Deposit” shall have the meaning assigned to such term in Section 3.2. “Effective Date” shall have the meaning assigned to such term in Section 9.2. “Excluded Liens” shall have the meaning assigned to such term in Section 7.2(a).

Defect Threshold in relation to the Tests applicable to a Milestone, a maximum number of Medium and Low Defects as set out in the relevant Test Plan; “Defect Log” a log for the recording of Defects as described further in paragraph 9.1 of Schedule 6 (Testing Procedures);

Defect Threshold means $2,000,000.

Defect Threshold means Seven Hundred Thousand Dollars ($700,000.00).