Common use of Cure of Disapproved Exceptions Clause in Contracts

Cure of Disapproved Exceptions. If Buyer timely disapproves one or more exceptions as described above, Seller shall have the right, but not the obligation, to cure such objection by delivering written notice to Escrow Agent (with a copy to Buyer) within ten (10) days after Seller's receipt of Buyer's objection, indicating that Seller will either eliminate such exception(s) prior to the Closing Date or cause the Title Insurer to insure over such exception(s) in a manner reasonably acceptable to Buyer. If Seller delivers such written election to cure disapproved exceptions, Seller shall have until the Closing Date to complete the cure. If Seller fails to deliver such written notice, Seller shall be deemed to have elected not to cure the disapproved exceptions. All disapproved exceptions which are cured by Seller pursuant to this Section shall be deemed Permitted Exceptions.