Question

The Title of 'The Adjustment​

Answer 1

Answer:

the adjustment will be the title

Answer 2

Title Adjustment. Buyer shall notify Seller in writing of any claimed Title Defects promptly upon Buyer’s discovery thereof and in no event later than October 15 (“Title Defects Notice”). The Title Defects Notice shall set forth in reasonable detail (i) the Well, Lease or other Asset with respect to which a claimed Title Defect is made, (ii) the nature of such claimed Title Defect and (iii) Buyer’s calculation of the value of each claimed Title Defect in accordance with the guidelines set forth in Section 8(d) hereof. Any Title Defect that is not identified in the Title Defects Notice shall thereafter be forever waived and expressly assumed by Buyer and shall be deemed to have become a Permitted Encumbrance; provided, however, that nothing contained herein shall be deemed to limit Buyer’s right to indemnification under Section 14(b) hereof or under Seller’s limited warranty of title.