Title Defect Deductible definition
Title Defect Deductible means an amount equal to two percent (2%) of the unadjusted Purchase Price.
Title Defect Deductible shall be as defined in Section 6.2(d).
Title Defect Deductible means an amount equal to 1.0% of the Base Purchase Price.
Examples of Title Defect Deductible in a sentence
The Special Warranty of Title shall be subject to the provisions set forth in this Article 12, mutatis mutandis, excluding, however the Defect Claim Date, the Title Defect Threshold and the Title Defect Deductible.
Recovery on the Special Warranty of Title shall be equal to the applicable Title Defect Amount as calculated in accordance with the terms of this Agreement, mutatis mutandis, but shall not take into account the Title Defect Threshold or the Title Defect Deductible.
More Definitions of Title Defect Deductible
Title Defect Deductible shall have the meaning given that term in Section 4.06.
Title Defect Deductible means, with respect to each Seller, an amount equal to 1.5% of the aggregate Allocated Value of all Assets to be conveyed by such Seller to Buyer hereunder.
Title Defect Deductible means $200,000.
Title Defect Deductible has the meaning assigned to such term in Section 7.7(a).
Title Defect Deductible means $50,000.
Title Defect Deductible has the meaning set forth in Section 12.9(d)(ii).
Title Defect Deductible means $50,000. “Title Escrow Amount” means $2,500,000.