Common use of CURED TITLE DEFECTS Clause in Contracts

CURED TITLE DEFECTS. Notwithstanding the reduction of the Purchase Price pursuant to Clause 5.4(c), the Purchaser agrees that in the event Vendor is able to cure or rectify a Title Defect with respect to any particular portion or portions of the Assets (each a "Cured Asset") within a period of sixty (60) days after the Closing Date, Purchaser shall purchase Cured Asset from Vendor at a date ninety (90) days from the Closing Date at the price by which the Purchase Price was so adjusted. Purchaser has no obligation to purchase any such Cured Asset where, in the opinion of Purchaser acting reasonably, the value of such Cured Asset has declined or been diminished in the intervening period as a result of new Title Defects or physical damage or loss of such Cured Asset.

CURED TITLE DEFECTS. Notwithstanding the reduction of the Purchase Price pursuant to Clause 5.4(c), the Purchaser agrees that in the event Vendor is able to cure or rectify a Title Defect with respect to any particular portion or portions of the Assets (each a "Cured Asset") within a period of sixty (60) days after the Closing Date, Purchaser shall purchase such Cured Asset from Vendor at a date ninety (90) days from the Closing Date at the price by which the Purchase Price was so adjusted. Purchaser has no obligation to purchase any such Cured Asset where, in the opinion of Purchaser acting reasonably, the value of such Cured Asset has declined or been diminished in the intervening period as a result of new Title Defects or physical damage or loss of such Cured Asset.

CURED TITLE DEFECTS. Notwithstanding the reduction of the Purchase Price pursuant to Clause 5.4(c), the Purchaser agrees that in the event Vendor is able to cure or rectify a Title Defect with respect to any particular portion or portions of the Assets (each a "Cured Asset") within a period of sixty (60) days after the Closing Date, Purchaser shall purchase such Cured Asset from Vendor at a date ninety (90) days from the Closing Date at the price by which the Purchase Price was so adjusted. Purchaser has no obligation to purchase any such Cured Asset where, in the opinion of Purchaser acting reasonably, the value of such Cured Asset has declined or been diminished in the intervening period as a result of new Title Defects or physical damage or loss of such Cured Asset.. 14 15