Common use of Manner of Cure of Objections and Update Objections Clause in Contracts

Manner of Cure of Objections and Update Objections. Seller may, if Seller so elects pursuant to Section 6.04 or Section 6.06, and Seller shall, if Seller is obligated pursuant to Section 6.07, (i) use any portion of the Balance to cure or discharge any Objection(s) or Update Objection(s) or (ii) deposit with Title Company monies (which may include a portion of the Purchase Price) and/or documents sufficient to effect the issuance of the Title Policy, as provided herein, with no exception for or, if expressly provided for herein, affirmative insurance against the enforcement or collection of any Objection or Update Objection against the Third Floor Unit and at normal premium rates. If written request is made by Seller or Seller’s attorneys at least two (2) Business Days prior to the Closing Date, Purchaser shall deliver separate unendorsed official bank teller’s checks or cashier’s checks issued by a bank which is a member of the New York Clearing House, or other bank acceptable to Seller, payable in immediately available funds to the order of Seller (or as Seller may direct), or wire funds to separate accounts, aggregating the amount of the Balance, to facilitate the cure and discharge of any Objections or Update Objections and the discharge of Seller’s other monetary obligations under this Agreement, including the payment of real estate transfer taxes. Any Objection or Update Objection shall be deemed resolved to the satisfaction of Purchaser if such Objection or Update Objection is (i) removed as a title exception by Title Company; or (ii) discharged in a manner acceptable to Title Company (including, at Seller’s option, by Seller paying any cost or expense of such removal or discharge).

Manner of Cure of Objections and Update Objections. Seller may, if Seller so elects pursuant to Section 6.04 or Section 6.06, and Seller shall, if Seller is obligated pursuant to Section 6.07, (i) use any portion of the Balance to cure or discharge any Objection(s) or Update Objection(s) or (ii) deposit with Title Company monies (which may include a portion of the Purchase Price) and/or documents sufficient to effect the issuance of the Title Policy, as provided herein, with no exception for or, if expressly provided for herein, affirmative insurance against the enforcement or collection of any Objection or Update Objection against the Third Twenty First Floor Unit and at normal premium rates. If written request is made by Seller or Seller’s attorneys at least two (2) Business Days prior to the Closing Date, Purchaser shall deliver separate unendorsed official bank teller’s checks or cashier’s checks issued by a bank which is a member of the New York Clearing House, or other bank acceptable to Seller, payable in immediately available funds to the order of Seller (or as Seller may direct), or wire funds to separate accounts, aggregating the amount of the Balance, to facilitate the cure and discharge of any Objections or Update Objections and the discharge of Seller’s other monetary obligations under this Agreement, including the payment of real estate transfer taxes. Any Objection or Update Objection shall be deemed resolved to the satisfaction of Purchaser if such Objection or Update Objection is (i) removed as a title exception by Title Company; or (ii) discharged in a manner acceptable to Title Company (including, at Seller’s option, by Seller paying any cost or expense of such removal or discharge).

Manner of Cure of Objections and Update Objections. Seller may, if Seller so elects pursuant to Section 6.04 or Section 6.06, and Seller shall, if Seller is obligated pursuant to Section 6.07, (i) use any portion of the Balance to cure or discharge any Objection(s) or Update Objection(s) or (ii) deposit with Title Company monies (which may include a portion of the Purchase Price) and/or documents sufficient to effect the issuance of the Title Policy, as provided herein, with no exception for or, if expressly provided for herein, affirmative insurance against the enforcement or collection of any Objection or Update Objection against the Third Twentieth Floor Unit and at normal premium rates. If written request is made by Seller or Seller’s attorneys at least two (2) Business Days prior to the Closing Date, Purchaser shall deliver separate unendorsed official bank teller’s checks or cashier’s checks issued by a bank which is a member of the New York Clearing House, or other bank acceptable to Seller, payable in immediately available funds to the order of Seller (or as Seller may direct), or wire funds to separate accounts, aggregating the amount of the Balance, to facilitate the cure and discharge of any Objections or Update Objections and the discharge of Seller’s other monetary obligations under this Agreement, including the payment of real estate transfer taxes. Any Objection or Update Objection shall be deemed resolved to the satisfaction of Purchaser if such Objection or Update Objection is (i) removed as a title exception by Title Company; or (ii) discharged in a manner acceptable to Title Company (including, at Seller’s option, by Seller paying any cost or expense of such removal or discharge).