Title Benefit Notice definition

Title Benefit Notice has the meaning set forth in Section 6.2(b).
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Title Benefit Notice shall have the meaning set forth in Section 11.2(b).
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Title Benefit Notice is defined in Section 3.2(b).
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Examples of Title Benefit Notice in a sentence

  • The Title Arbitrator, however, may not award (a) Buyers a greater Title Defect Amount than the Title Defect Amount claimed by Buyers in the applicable Title Defect Notice (which such Title Defect Amount shall not exceed the Allocated Value of the applicable Title Defect Property) or (b) SM a greater Title Benefit Amount than the Title Benefit Amount claimed by SM in the applicable Title Benefit Notice.


More Definitions of Title Benefit Notice

Title Benefit Notice has the meaning set forth in Section 3.7.
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Title Benefit Notice means a notice provided in writing for any matters that in such Party’s reasonable opinion constitute a Title Benefit with respect to Seller’s title to any individual Hydrocarbon Well or the Net Mancos/Acres in a Lease Tract.
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Title Benefit Notice has the meaning set forth in Section 4.2(b) of the Acquisition Annex.
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Title Benefit Notice has the meaning set forth in Section 3.7. “Title Defect” means any lien, charge, encumbrance, defect or other matter that causes Seller not to have Defensible Title in and to the Oil and Gas Properties as of the Effective Time; provided, the following shall not constitute Title Defects: (a) defects in the chain of title consisting of the failure to recite marital status in a document or omissions of successions of heirship or estate proceedings, unless Buyer provides affirmative evidence that such failure or omission has resulted in another Person’s superior claim of title to the relevant Oil and Gas Properties;
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Title Benefit Notice shall have the meaning set forth in Section 11.2(b). “Title Claim Date” shall have the meaning set forth in Section 11.2(a). “Title Deductible” shall mean $3.0 million.
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Title Benefit Notice shall have the meaning set forth in Section 11.2(b). “Title Claim Date” shall have the meaning set forth in Section 11.2(a).
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Related to Title Benefit Notice

  • Title Defect Notice shall have the meaning set forth in Section 11.2(a).

  • Title Benefit Amount has the meaning set forth in Section 6.2(d).

  • Title Benefit means Seller’s interest in any Subject Interest that is greater than or in addition to that set forth in Exhibit B (including, without limitation, a Net Revenue Interest that is greater than that set forth in Exhibit B) or Seller’s Working Interest in any Subject Interest that is less than the Working Interest set forth in Exhibit B (without a corresponding decrease in the Net Revenue Interest). Any matters that may otherwise constitute Title Benefits, but of which Buyer has not been specifically notified by Seller in accordance with the foregoing, shall be deemed to have been waived by Seller for all purposes.

  • Environmental Defect Notice shall have the meaning set forth in Section 12.1(a).

  • Title Defect Amount means, with respect to a Title Defect Property, the amount by which such Title Defect Property is impaired as a result of the existence of one or more Title Defects, which amount shall be determined as follows:

  • Title Defect means with respect to a Lease any lien, encumbrance, adverse claim, default, expiration, failure, defect in or objection to real property title, other than Permitted Encumbrances, that alone or in combination with other defects renders Sellers’ title to the Lease less than Defensible Title.

  • Environmental Defect means, with respect to any given Asset, a material violation of Environmental Laws in effect as of the Effective Time in the jurisdiction in which such Asset is located.

  • Title Defect Property has the meaning set forth in Section 6.2(a).

  • Claim Notice has the meaning set forth in Section 8.4(a).

  • Property Notice means any order, notice, proposal, demand or other requirement issued by any competent authority (including the Landlord) which materially affects the Academy Trust’s ability to use the Land for the purposes of the Academy. Restrictions on Land transfer

  • Dispute Notice means a written notice served by one Party on the other stating that the Party serving the notice believes that there is a Dispute;