Individual Title Defect Threshold definition

Individual Title Defect Threshold shall have the meaning set forth in Section 11.2(i).

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Individual Title Defect Threshold means $50,000.

Individual Title Defect Threshold has the meaning set forth in Section 3.14.

Examples of Individual Title Defect Threshold in a sentence

• The Parties agree that if the same Title Defect affects more than one Lease, then the Title Defect Amounts for each Lease affected by such Title Defect shall be aggregated for the purposes of determining whether the Individual Title Defect Threshold has been met with respect to such Title Defect.

• The Parties agree that if the same Title Defect affects more than one Lease, then the Title Defect Amounts for each Lease affected by such Title Defect shall be aggregated for the purposes of determining whether the applicable Individual Title Defect Threshold has been met with respect to such Title Defect.

• BG shall be entitled to adjustments to the Final Cash Price, other remedies provided by EXCO (including Section 11.2(d)) and/or reductions in the Carried Cost Obligation for each Title Defect relating to Pineton Warranty ▇▇▇▇▇ and/or Pineton Leases without regard to whether the Title Defect Amount for such Title Defect satisfies the Individual Title Defect Threshold, and without regard to whether the Title Deductible has been satisfied.

• Similarly, Quicksilver shall be entitled to an upward adjustment to the Initial Consideration for Title Benefits only to the extent that the sum of those Title Benefit Amounts which, individually, exceed the Individual Title Defect Threshold, exceeds an amount equal to the Aggregate Deductible.

• If a single Title Defect or series of related Title Defects affects several Well Locations in the same drilling or spacing unit, then such Title Defect(s) shall be deemed to have exceeded the Individual Title Defect Threshold if the total amount by which such Title Defect(s) reduce(s) the Allocated Value(s) of all the affected Well Locations exceed(s) the Individual Title Defect Threshold.

More Definitions of Individual Title Defect Threshold

Individual Title Defect Threshold means $25,000.

Individual Title Defect Threshold means a Title Defect Amount of not less than Fifty Thousand Dollars ($50,000) for each individual Hydrocarbon Well or each individual Lease Tract.

Individual Title Defect Threshold means [***].

Individual Title Defect Threshold has the meaning ascribed to such term in Section ‎11.6.

Individual Title Defect Threshold means a Title Defect Amount of not less than Twenty-Five Thousand Dollars ($25,000.00) for each individual Well.

Individual Title Defect Threshold means an amount equal to $200,000.

Individual Title Defect Threshold is defined in Section 4(d).