Title Defect Value means the amount by which the Allocated Value of an Asset has been reduced by a Title Defect. In determining the Title Defect Value, the Parties intend to include only that portion of the Asset affected by the defect. The Title Defect Value may not exceed the Allocated Value of the Asset and shall be determined by the Parties in good faith taking into account all relevant factors, including without limitation, the following:
Title Defect Value as defined in Section 4.04(c).
Title Defect Value is defined in Section 7.2.
Examples of Title Defect Value in a sentence
Notwithstanding anything to the contrary in this Agreement, at any time Buyer may waive any Title Defect, Title Defect Value, Environmental Defect or Environmental Defect Value previously asserted by Buyer.
More Definitions of Title Defect Value
Title Defect Value means, with respect to each Title Defect, the reduction of the Allocated Value of the affected Ownership Interest as a result of such Title Defect as determined in Section 7.3.
Title Defect Value shall have the meaning set forth in Section 4.1.D.
Title Defect Value shall have the meaning ascribed to it in Section 6.7 hereof.
Title Defect Value is defined in Section 6.5.
Title Defect Value has the meaning set forth in Section 5.4 of this Agreement.
Title Defect Value means the value of the Title Defect as determined by Buyer in good faith, taking into account all relevant factors, including but not limited to the following: