Common use of Title Curative Clause in Contracts

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.

Appears in 2 contracts

Sources: Purchase and Sale Agreement, Purchase and Sale Agreement (Goodrich Petroleum Corp)