3Title Defect Adjustment Sample Clauses

3Title Defect Adjustment. 25 8.4Environmental Defect and Title Defect Values.............................................................................................25 ARTICLE 9 - OPTION TO TERMINATE.............................................................................................................................................27 9.1Option to Terminate for Defects..........................................................................................................................27 9.2Option to Terminate for Defects and Other Matters...................................................................................27 9.3Dispute as to Defect Values..................................................................................................................................28 ARTICLE 10 - PREFERENTIAL PURCHASE RIGHTS AND CONSENTS OF THIRD PARTIES..........................28 10.1Actions and Consents...............................................................................................................................................28 ARTICLE 11 - COVENANTS..................................................................................................................................................................29 11.1Covenants of Seller Pending Closing................................................................................................................29 11.2Limitations on Seller’s Covenants Pending Closing....................................................................................30 11.3Notification of Breaches..........................................................................................................................................31 ARTICLE 12 - CLOSING CONDITIONS..........................................................................................................................................31 12.1Seller’s Closing Conditions.....................................................................................................................................31 12.2Buyer’s Closing Conditions....................................................................................................................................32 ARTICLE 13 - CLOSING.........................................................................................................................................................................32 13.1Closing...............................................................................................