Examples of Individual Title Threshold in a sentence
Seller shall have one hundred twenty (120) days after the Closing Date (the “Post-Closing Cure Period”) in which to attempt to cure any such Title Defects subject to the continuing application of the Individual Title Threshold and the Aggregate Deductible.
The reduction to the Purchase Price contemplated by the foregoing sentence shall equal the amount of the aggregate Title Defect Amounts for all such Title Defects as determined pursuant to Section 4.2(g), subject to the Individual Title Threshold and the Aggregate Deductible set forth in Section 4.2(i), less an amount equal to the aggregate of all Title Benefit Amounts (as so calculated, the “Title Defect Adjustment”).
Notwithstanding the foregoing, the Individual Title Threshold and the Aggregate Deductible shall not apply to Title Defects arising from Seller's failure to obtain any third party consents to assign any of the Assets to Buyer, such that Buyer shall receive an adjustment to the Purchase Price equal to the full Title Defect Amounts attributable to any such Title Defects.
Seller represents to Buyer that (i) as of the Defect Notice Date its title to the Leases, Xxxxx and Units is Defensible Title, and (ii) to Seller’s Knowledge, as of the date hereof, Schedule 4.1(a) sets forth each individual Title Defect affecting any of the Leases, Xxxxx or Units with a Title Defect Amount in excess of the Individual Title Threshold.
For each Title Defect exceeding the Individual Title Threshold, Buyer shall receive an adjustment to the Initial Purchase Price or the Purchase Price as provided in Section 2.3(e) or other remedies provided by Seller equal to the Title Defect Amount of such Title Defect.
Exceptions to Individual Title Threshold and Title Defect Deductible .
Research highlights: Patterns of Medicaid disenrollment for youth with mental health problems during the transition to adulthood.