Individual Defect Threshold definition

Individual Defect Threshold has the meaning specified in Section 2.1.1.

Individual Defect Threshold has the meaning specified in Section 4.1(b)(i).

Individual Defect Threshold has the meaning specified in Section 6.13(f)(v)(A).

Examples of Individual Defect Threshold in a sentence

• If the Aggregate Defect Threshold is exceeded, after offsetting Title Benefits, by the net total of asserted uncured Title Defects and uncured Environmental Defects, each of which exceeds the applicable Individual Defect Threshold, the Purchase Price will be reduced by the amount of such excess, after offsetting the amount of all Title Benefits, above the Aggregate Defect Threshold.

• The special warranties of Defensible Title contained in the Conveyances and this Section 3.1(b) shall be subject to the further limitations and provisions of this Article 3, mutatis mutandis, including, however, the Individual Defect Threshold but excluding the Defect Deductible.

• By way of example, if the net total Defect Value of all Defects that exceed the Individual Defect Threshold equals $4,500,000, then an adjustment of $4,500,000 may, subject to the further provisions of this Section 4.1, be made.

• No net upward adjustment to the Purchase Price shall be made for Title Benefits unless the aggregate of all individual adjustments for Title Benefits that exceed the Individual Benefit Threshold exceeds the aggregate amount of any Title Defects that each, individually, exceed the Individual Defect Threshold.

• Further, if the total amount of Title Defects (for those Leases which meet the Individual Defect Threshold does not reach or exceed the US$1,000,000 Aggregate Defect Threshold, there shall not be any adjustment to the Purchase Price pursuant to Section 5.2(b).

More Definitions of Individual Defect Threshold

Individual Defect Threshold means, either the Individual Environmental Defect Threshold or the Individual Title Defect Threshold, as the context requires.

Individual Defect Threshold means an amount equal to Seventy-Five Thousand Dollars ($75,000.00).

Individual Defect Threshold means an amount equal to One Hundred Thousand Dollars ($100,000.00). “Individual Threshold” means an amount equal to One Hundred Thousand Dollars ($100,000.00).

Individual Defect Threshold means an amount equal to Five Hundred Dollars ($500.00).

Individual Defect Threshold is defined in Section 7.6.

Individual Defect Threshold shall have the meaning set forth in Section 4.2(j)(i).

Individual Defect Threshold has the meaning set forth 5.1(c).