Approval of Title Clause Samples
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Approval of Title. (a) Purchaser has approved all title exceptions and survey matters set forth on Schedule 2.4(a) attached hereto.
(b) Purchaser shall have five (5) business days after receipt of a Title Update, if any, to notify Seller, in writing, of such objections as Purchaser may have to anything contained in such Title Update other than Permitted Exceptions (and if Purchaser receives a Title Update less than (5) days prior to a scheduled Closing Date, then Purchaser shall deliver such written notice to Seller prior to the Closing). In the event Purchaser shall notify Seller, in writing, of objections to title or to matters shown on a Title Update, Seller shall have the right, but not the obligation, to cure such objections. Within five (5) business days after receipt of Purchaser’s notice of objections, Seller shall notify Purchaser in writing whether Seller elects to attempt to cure any or all of such objections. If Seller elects to attempt to cure any or all of such objections, Seller shall have the right to attempt to remove, satisfy or cure the same and for this purpose Seller shall, at Seller’s election, be entitled to reasonable adjournments of the Closing if additional time is required, but in no event shall the adjournments, in the aggregate, exceed sixty (60) days after the Outside Closing Date. If Seller elects not to attempt to cure any objections specified in Purchaser’s notice, or if Seller fails (despite using reasonable commercial efforts) to effect a cure of those objections which it elected to attempt to cure prior to the Closing (or any date to which the Closing has been adjourned) and so notifies Purchaser in writing, or if Seller fails to respond to Purchaser’s notice within said five (5) business day period, Purchaser shall have the following options: (i) to accept a conveyance of the Property subject to the Permitted Exceptions and any matter objected to by Purchaser which Seller is unwilling or unable to cure (each of which shall also be deemed to be Permitted Exceptions), without reduction of the Purchase Price; or (ii) to terminate this Agreement by sending written notice thereof to Seller, and upon delivery of such notice of termination, this Agreement shall terminate and the ▇▇▇▇▇▇▇ Money shall be returned to Purchaser, and thereafter neither party hereto shall have any further rights, obligations or liabilities hereunder except to the extent that any right, obligation or liability set forth herein expressly survives termination of this Agre...
Approval of Title. Developer shall have approved of the Condition of Title pursuant to Section 304.5.
Approval of Title. (a) Buyer shall have approved title and Survey matters within the time period and in the manner provided below.
(b) Seller has caused to be delivered to Buyer commitment for title insurance of First American Title Company of Nevada no. LV-815003 RD dated as of August 5, 1997 ("PTR") and copies of all documents referred to in the PTR affecting title to the Property. Seller shall use commercially reasonable efforts to procure and cause to be delivered to Buyer by 4:00 p.m., Pacific time, on or before August 19, 1997 ("SURVEY DELIVERY DATE") a current or updated ALTA survey of the Real Property dated no earlier than three (3) months prior to the Effective Date (the "SURVEY"). In the event the Survey is not delivered to Buyer by the date and time set forth in the preceding sentence, the Title Disapproval Date (defined below) shall be extended to two (2) Business Days after delivery of the Survey to Buyer. By 4:00 p.m., Pacific time, on or before the August 21, 1997, Buyer shall notify Seller and Escrow Holder in writing (the "TITLE/SURVEY OBJECTION"), of any exceptions to title shown in the PTR, which will not be accepted by Buyer and those matters disclosed by the Survey, if any, which will not be accepted by Buyer (collectively, the "DISAPPROVED TITLE MATTERS"), it being understood that all other matters and exceptions to title shown in the PTR and conditions disclosed by the Survey shall be deemed approved by Buyer. If Buyer fails to notify Seller and Escrow Holder within the required time period of any Disapproved Title Matters, Buyer shall be deemed to have approved the condition to the Real Property as to such title and Survey matters.
(c) Upon receipt of a Title/Survey Objection, Seller shall have the right, but not the obligation, to attempt to cure the Disapproved Title Matters (either by causing any such matter to be removed by the Closing or by obtaining, at Seller's expense, an endorsement or other curative effect acceptable to Buyer in Buyer's sole and absolute discretion), in which case, Seller may extend the Closing Date for such period as shall be required to effect such cure, but not beyond October 1, 1997. Seller shall, within three (3) Business Days after receiving a Title/Survey Objection (the "CURE NOTICE DATE"), notify Buyer in writing of those Disapproved Title Matters which Seller will attempt to cure at or prior to Closing ("CURE NOTICE"), it being understood that Seller may use the proceeds of the Purchase Price to do so. Seller's agr...
Approval of Title. Buyer shall have approved Sellers' Marketable Title to the Properties.
Approval of Title. Buyer's approval of the following ----------------- matters relating to the title of the Property:
Approval of Title. Prior to the Approval Date, Buyer shall advise Seller what exceptions to title, if any, will be accepted by Buyer. Seller shall have three (3) business days after receipt of Buyer’s objections to give to Buyer: (A) written notice that Seller will remove such objectionable exceptions on or before the Closing Date; or (B) written notice that Seller elects not to cause such exceptions to be removed. Seller’s failure to give notice to Buyer within the three (3) business day period shall be deemed to be Seller’s election not to cause such exceptions to be removed. If Seller gives Buyer notice or is otherwise deemed to have elected to proceed under clause (B), Buyer shall have until two (2) business days after receipt of Seller’s actual or deemed notice as to Seller’s unwillingness to cause such exceptions to be removed to elect to proceed with the transaction or terminate this Agreement. If Buyer fails to give Seller notice of its election on or before the expiration of such two (2) business day period, Buyer shall be deemed to have elected to terminate the transaction and to not waive any right to terminate this Agreement under this provision. If Seller gives notice pursuant to clause (A) and fails to remove any such objectionable exceptions from title prior to the Closing Date, and Buyer is unwilling to take title subject thereto, Buyer shall have the right to elect to terminate this Agreement and Section 14(a) shall apply.
Approval of Title. Buyer’s obligation to purchase the Property is expressly conditioned on Buyer’s approval of the condition of title of the Property in accordance with the following procedure:
Approval of Title. (a) Promptly following execution of this Agreement but in no event later than ten
Approval of Title. Prior to the Approval Date, GVI shall advise Metrovest what exceptions to title, if any, will be accepted by GVI (the "Permitted Exceptions"). Metrovest shall have the shorter of five (5) business days or one half of the time period between the Approval Date and the Closing Date after receipt of GVI's objections to give to GVI: (A) written notice that Metrovest will remove such objectionable exceptions on or before the Closing Date; or (B) written notice that Metrovest elects not to cause such exceptions to be removed. Metrovest's failure to give notice to GVI within the time period referenced shall be deemed to be Metrovest's election not to cause such exceptions to be removed. If Metrovest gives GVI notice or is otherwise deemed to have elected to proceed under clause (B), GVI shall have until the sooner of five (5) business days after receipt of Metrovest's notice or deemed notice that it elects not to cure such objections or the Closing Date to (i) waive the exceptions and proceed with the transaction or (ii) terminate this Agreement. If GVI fails to give Metrovest notice of its election on or before the end of the time period set forth above and the Closing does not otherwise occur, GVI shall be deemed to have elected to terminate this Agreement. If Metrovest gives notice pursuant to clause (A) and fails to remove any such objectionable exceptions from title prior to the Closing Date, and GVI is unwilling to take title subject thereto, GVI may terminate this Agreement.
Approval of Title. Buyer shall have approved, been deemed ----------------- to have approved or have waived objections to the condition of title pursuant to Article 4 below within the time periods provided for therein.