Title Curative Sample Clauses
A Title Curative clause outlines the process for addressing and resolving defects or issues found in a property's title during a transaction. Typically, this clause allows the seller a specified period to correct any title problems identified in a title search, such as liens, encumbrances, or errors in the legal description. By providing a clear mechanism for curing title defects, the clause ensures that the buyer receives clear and marketable title, thereby reducing the risk of future disputes and facilitating a smoother closing process.
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Title Curative. KNGG will use Reasonable Efforts, and HSG shall use Reasonable Efforts to cooperate with KNGG, to cure the title defects described in Schedule 5.1.6 prior to Closing. KNGG shall not be obligated to incur more than $600,000 in the aggregate in out of pocket costs to obtain consents under Section 2.8 and cure the title defects listed as items 1, 3 and 4 in Schedule 5.1.6. To the extent items 1, 3, and 4 listed on Schedule 5.
Title Curative. Borrower shall cure, and shall cause its Subsidiaries to cure or cause to be cured, any title defects or exceptions which are not Excepted Liens raised by such information, or substitute acceptable Mortgaged Properties with no title defects or exceptions except for Excepted Liens covering Mortgaged Properties of an equivalent value, within 30 days after a request by the Administrative Agent to cure such defects or exceptions.
Title Curative. Seller shall have one hundred twenty (120) days after Closing (as defined below) to cure Title Defects at its cost. If, during that period Seller can reasonably demonstrate that all or any part of the Title Defects have been cured, then any downward adjustments to the Base Purchase Price for such Interests that were made at Closing shall be promptly refunded to Seller by Buyer.
Title Curative. The Borrower shall and shall cause each of its Consolidated Subsidiaries to cure, or cause to be cured, any title defects or exceptions which are not Excepted Liens.
Title Curative. The Obligors shall cure, or cause to be cured, any title defects or exceptions which are not Excepted Liens.
Title Curative. 49 Section 8.09
Title Curative. Lessor agrees to execute affidavits, ratifications, amendments, permits and other instruments as may be necessary to carry out the purpose of this lease.
Title Curative. Seller will pay the cost, including recording fees, of any title curative documents.
Title Curative. The Issuer shall cure, or cause to be cured, any title defects or exceptions which are not Excepted Liens.
Title Curative. If title to all or any part of the Concessions is now or at any time hereafter (except as a direct result of the Fabled Parties conducting their Operations): (i) defective or encumbered save and except as disclosed in this Agreement; or (ii) contested or challenged by any Person, then, the Fabled Parties shall have the right to terminate this Agreement without further obligation (including being excused from any obligation to make any payment subsequently coming due hereunder) and/or, to the extent permitted by the terms and conditions of the GMC Option Agreements, in cooperation with the GMC Parties and, to the extent required under the terms and conditions of the GMC Option Agreements, the GMC Optionors, shall have the right, but not the obligation, at their sole expense, to attempt to remedy, perfect or defend title. If the Fabled Parties elect to remedy, perfect or defend title, the Fabled Parties shall not be liable to the GMC Parties if the Fabled Parties are unsuccessful in, withdraw from, or discontinue litigation or other curative work, so long as the same is permissible under and has been conducted in accordance with the terms and conditions of the GMC Option Agreements and industry standards. If the Fabled Parties do attempt to perfect or defend title, the Optionor shall execute all documents and shall take such other actions as are reasonably necessary to assist the Fabled Parties in their efforts. Any improvement or perfection of title to the Property shall enure to the benefit of the GMC Optionors and the GMC Parties in the same manner and to the same extent as if such improvement or perfection has been made prior to the execution of this Agreement.