Liquidated Charges. If the Title Defect is based upon a lien, encumbrance, or other charge upon an Asset which is liquidated in amount or which can be estimated with reasonable certainty, then the amount for such Title Defect shall be the sum necessary to be paid to the obligee to remove the encumbrance from the affected Asset.
Appears in 2 contracts
Sources: Purchase and Sale Agreement, Purchase and Sale Agreement (Magnum Hunter Resources Corp)