Examples of Title Defect Deductible in a sentence
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.
The sum of (a) all Title Defect Amounts determined under Section 11.2(g) prior to the Closing, less the sum of all Title Benefit Amounts determined under Section 11.2(b) prior to Closing, subject to the Individual Title Defect Deductible and the Title Deductible plus (b) all Remediation Amounts for Environmental Defects determined under Article XII prior to the Closing, subject to the Individual Environmental Defect Deductible and the Environmental Deductible, shall be less than 20% of the Purchase Price.
No adjustment will be made to the Purchase Price for Title Defects that have not been Cured unless (x) the total of all Title Defect Amounts that exceed the Individual Title Defect Threshold exceeds (y) the Aggregate Title Defect Deductible.
No adjustment will be made to the Purchase Price for Uncured Title Defects unless the total of all Title Defect Amounts that exceed the Individual Title Defect Threshold exceeds the Aggregate Title Defect Deductible.
Article 6 shall apply to such unresolved Title Defects and disputed Title Defect Amounts, and if as a result of such process it is determined that there is a valid Title Defect, the Purchase Price shall be reduced by the Title Defect Amount for the Title Defect Property, subject to the Individual Title Defect Threshold and the Title Defect Deductible.