Title Curative. The Obligors shall cure, or cause to be cured, any title defects or exceptions which are not Excepted Liens.
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. 49 Section 8.09
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. 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. The Issuer shall cure, or cause to be cured, any title defects or exceptions which are not Excepted Liens.
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. With respect to any timely raised Title Defect(s), the Party receiving the Title Defect Notice(s) shall have a period of thirty (30) days after receipt of such Title Defect Notice to notify the Party delivering the Title Defect Notice that it has cured the Title Defect(s) and provide supporting documentation of such, or it elects one of the following options: The Parties shall proceed with the Closing (defined in Section 3.1) pursuant to a mutual agreement between the Parties as to substitution of additional leasehold acreage equal to the NRAs covered by the Subject Leases(s), or portion thereof, affected by the Title Defect(s); or The Parties shall exclude from the Closing the Subject Lease(s) affected by the Title Defect(s) and an additional leasehold acreage amount of Assignee’s NRAs as mutually agreed upon by the Parties (the “Excluded Acreage”). For example, if 10 NRAs of the ___________ Leases are subject to Title Defect(s), then the Parties may agree to exclude 10 NRAs from the ___________ Leases. The Excluded Acreage will be removed from Exhibit “A” and Exhibit “B”, and the Parties will proceed with Closing on the balance of the acreage. In the event that the Parties, after using commercially reasonable efforts, cannot agree upon (1) whether the Title Defect has been cured, (2) substitute NRAs, or (3) the additional NRAs to be excluded from the transaction at Closing, then either Party may terminate this Agreement by written notice to the other Party.
Title Curative. Within sixty (60) days of funding of the Loan provided for in Section 2 of this Agreement, Borrower shall: (i) present to Bank appropriate documentation satisfactory in form and substance to Bank, in its sole discretion, evidencing Borrower's acquisition of good and merchantable title, free and clear of liens, claims, and encumbrances, to the 30-foot wide strip of land out of Lot 1, Bloxx 0, Xxxxxxxxx Xxxxx, xx Xxxxxion to the City of Midland, Midland County, Texas, according to the map or plat thereof of record in Cabinet D, Page 65, Plat Records, Midland County, Texas, which is currently being utilized by Borrower for parking purposes in the operation of its business at 225 Corporxxx Xxxxx, Xxxxxxx, Xxxxx, xx xxxx particularly reflected on the survey being furnished to Bank at closing of the Loan, and (ii) execute, acknowledge, and deliver such deeds of trust as the Bank may require to create a first and prior lien in its favor upon such 30-foot wide strip of land as security for payment of the Loan and performance of the Loan Documents.
Title Curative. If Silex’s title to all or any part of the Properties, or its rights and interest in and to the Permits or the Underlying Royalty Agreement, is or at any time hereafter becomes:
