Transaction Value. The net sum of (i) Title Defect Amounts, (ii) Environmental Defect Amounts, (iii) the Allocated Value of all un-obtained or un-waived Required Consents, (iv) the Allocated Value of any Assets (and any associated Listed Interests) destroyed by Casualty Loss, and (v) the Allocated Value of any Assets excluded pursuant to Section 4.13(a) due to a Third Party having exercised its preferential or similar rights to purchase prior to the Closing all have been made, or reasonably alleged in good faith, and, collectively, exceeds twenty percent (20.0%) of the Purchase Price.
Appears in 2 contracts
Sources: Purchase and Sale Agreement (Ustx, LLC), Purchase and Sale Agreement (Boaz Energy II, LLC)