Title Objection, Resolution Sample Clauses
The "Title Objection, Resolution" clause outlines the process by which a party can formally object to issues discovered in the title of a property and how those objections are to be addressed. Typically, this clause sets deadlines for raising objections, specifies the types of title defects that can be objected to, and details the seller's obligations to cure or resolve such defects, such as clearing liens or correcting legal descriptions. Its core practical function is to ensure that the buyer receives clear and marketable title, while providing a structured mechanism for resolving any title issues before closing, thereby reducing uncertainty and risk for both parties.
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Title Objection, Resolution. If ▇▇▇▇▇▇ receives ▇▇▇▇▇’s written notice objecting to any title matter (Notice of 436 Title Objection) on or before the applicable deadline and if Buyer and Seller have not agreed to a written settlement thereof on or 437 before Title Resolution Deadline, this Contract will terminate on the expiration of Title Resolution Deadline, unless ▇▇▇▇▇▇ receives 438 Buyer’s written withdrawal of ▇▇▇▇▇’s Notice of Title Objection (i.e., ▇▇▇▇▇’s written notice to waive objection to such items and 439 waives the Right to Terminate for that reason), on or before expiration of Title Resolution Deadline. If either the Record Title 440 Deadline or the Off-Record Title Deadline, or both, are extended pursuant to § 8.2. (Record Title) or § 8.3. (Off-Record Title) the 441 Title Resolution Deadline also will be automatically extended to the earlier of Closing or fifteen days after ▇▇▇▇▇’s receipt of the 442 applicable documents; or
Title Objection, Resolution. If ▇▇▇▇▇▇ receives ▇▇▇▇▇’s written notice objecting to any
Title Objection, Resolution. If ▇▇▇▇▇▇ receives ▇▇▇▇▇’s written notice objecting to any title matter (Notice of 378 Title Objection) on or before the applicable deadline and if Buyer and Seller have not agreed to a written settlement thereof on or 379 before Title Resolution Deadline, this Contract will terminate on the expiration of Title Resolution Deadline, unless ▇▇▇▇▇▇ receives 380 ▇▇▇▇▇’s written withdrawal of ▇▇▇▇▇’s Notice of Title Objection (i.e., ▇▇▇▇▇’s written notice to waive objection to such items and 381 waives the Right to Terminate for that reason), on or before expiration of Title Resolution Deadline. If either the Record Title 382 Deadline or the Off-Record Title Deadline, or both, are extended pursuant to § 8.2 (Record Title), § 8.3 (Off-Record Title) or § 8.4 383 (Special Taxing Districts), the Title Resolution Deadline also will be automatically extended to the earlier of Closing or fifteen days 384 after ▇▇▇▇▇’s receipt of the applicable documents; or
Title Objection, Resolution. If Seller receives Buyer’s written notice objecting to any title matter (Notice 343 of Title Objection) on or before the applicable deadline, and if Buyer and Seller have not agreed to a written settlement thereof on 344 or before Title Resolution Deadline (§ 3), this Contract will terminate on the expiration of Title Resolution Deadline (§ 3), 345 unless Seller receives Buyer’s written withdrawal of Buyer’s Notice of Title Objection (i.e., Buyer’s written notice to waive 346 objection to such items and waives the Right to Terminate for that reason), on or before expiration of Title Resolution Deadline 347 (§ 3). If either the Record Title Deadline or the Off-Record Title Deadline, or both, are extended to the earlier of Closing or ten 348 days after receipt of the applicable documents by Buyer, pursuant to § 8.2 (Record Title) or § 8.3 (Off-Record Title), the Title 349 Resolution Deadline also will be automatically extended to the earlier of Closing or fifteen days after Buyer's receipt of the 350 applicable documents; or
Title Objection, Resolution. If Seller receives Buyer’s written notice objecting to any title matter (Notice of Title Objection), on or before the applicable deadline, and if Buyer and Seller have not agreed to a written settlement thereof on or before Title Resolution Deadline, this Contract will terminate on the expiration of Title Resolution Deadline, unless ▇▇▇▇▇▇ receives Buyer’s written withdrawal of ▇▇▇▇▇’s Notice of Title Objection, (i.e., ▇▇▇▇▇’s written notice to waive objection to such items and waives the right to terminate for that reason), on or before expiration of Title Resolution Deadline. If either the Record Title Deadline or the Off-Record Title Deadline, or both, are extended pursuant to § 8.2 (Record Title), § 8.3 (Off-Record Title) or § 8.4 (Special Taxing Districts), the Title Resolution Deadline also will be extended automatically to the earlier of Closing or fifteen days after Buyer’s receipt of the applicable documents; or
Title Objection, Resolution. If Seller receives Buyer’s written notice objecting to any title matter (Notice of Title Objection) on or before the applicable deadline, and if Buyer and Seller have not agreed to a written settlement thereof on or before Title Resolution Deadline, this Contract will terminate on CBS4-6-15. CONTRACT TO BUY AND SELL REAL ESTATE - Land Page 7 of 19 491 492 493 494 495 496 497 498 499 500 501 502 503 504 505 506 507 508 509 510 511 512 513 514 515 516 517 518 519 520 521 522 523 524 525 526 527 528 529 530 531 532 533 534 535 536 537 538 539 540 541 542 543 544 545 546 547 548 549 550 551 552 553 554 555 556 557 558 559 560 the expiration of Title Resolution Deadline, unless ▇▇▇▇▇▇ receives Buyer’s written withdrawal of ▇▇▇▇▇’s Notice of Title Objection (i.e., ▇▇▇▇▇’s written notice to waive objection to such items and waives the Right to Terminate for that reason), on or before expiration of Title Resolution Deadline. If either the Record Title Deadline or the Off-Record Title Deadline, or both, are extended to the earlier of Closing or ten days after receipt of the applicable documents by Buyer, pursuant to § 8.2 (Record Title) or § 8.3 (Off-Record Title), the Title Resolution Deadline also will be automatically extended to the earlier of Closing or fifteen days after ▇▇▇▇▇’s receipt of the applicable documents; or
Title Objection, Resolution. If Seller receives Buyer’s written notice objecting to any title matter (Notice of Title Objection) on or before the applicable deadline, and if Buyer and Seller have not agreed to a written settlement thereof on or before Title Resolution Deadline (§ 3), this Contract will terminate on the expiration of Title
Title Objection, Resolution. As a resolution of the objections to the legal status of title as submitted to Seller by ▇▇▇▇▇, the parties agree that paragraph 13 of the Contract, as amended, including paragraph 13 of the Addendum, shall be further modified to provide that the special warranty deed by which title is conveyed to the Property shall not be subject to those encumbrances and obligations as described in Exception No. 89 in Schedule B, Part II of that certain Title Insurance Commitment File No: NCS-952319-CO, issued April 9, 2019, and updated July 10, 2019. As a condition of Closing, Seller will (i) secure and record such documentation that clarifies that the legal description of the “Coors Mansion Property” as referenced in Exception 85 of the above title commitment, does not include any portion of the Property to be conveyed pursuant to the Contract, as amended (the recorded document referenced in Exception 85 does not include “Exhibit D”), which was to be the legal description of the Coors Mansion Property); and (ii) secure and record such documentation as is necessary to releases the Property from the easement described in Exception No. 89 above as is provided for in Paragraph 11 of such easement.