Common use of Marketability of Title Clause in Contracts

Marketability of Title. As soon as reasonably practicable after the execution of this Agreement by both parties, ▇▇▇▇▇ shall obtain the title evidence determined necessary or desirable by ▇▇▇▇▇. Buyer shall have ten (10) days from the date it receives such title evidence to raise any objections to title (the “Objections”). Objections not made within such time will be deemed waived. Seller may effect a cure satisfactory to Buyer or may give written notice to Buyer that Seller elects not to cure. Buyer may then elect to close notwithstanding the uncured Objections, or may declare this Agreement null and void and the parties will thereby be released from any further obligations hereunder.

Appears in 1 contract

Sources: Purchase and Development Agreement

Marketability of Title. As soon as reasonably practicable after the execution of this Agreement by both parties, ▇▇▇▇▇ shall obtain the title evidence determined necessary or desirable by ▇▇▇▇▇. The Buyer shall have ten (10) days from the date it receives such title evidence to raise any objections to title (the “Objections”)title. Objections not made within such time will be deemed waived. The Seller may effect a cure satisfactory to Buyer or may give written notice to Buyer that Seller elects not to cure. The Buyer may then elect to close notwithstanding the uncured Objectionsobjections, or may declare this Agreement null and void and the parties will thereby be released from any further obligations obligation hereunder.

Appears in 1 contract

Sources: Purchase and Development Agreement