Common use of Additional Defects Clause in Contracts

Additional Defects. From and after the date of the Title Commitment, Purchaser may from time to time make further examinations of the title to the Property and update the Survey, and Purchaser may object to any matters of title first appearing of record after the effective date of such Title Commitment by giving Seller written notice of any such defects or objections. Seller shall thereafter have until the Closing Date (or such longer period as Purchaser, in its sole discretion, consents to in writing) in which to cure or terminate any such defect or objection. If Seller is unable or refuses to remove or cure such additional title objections, then Purchaser shall be entitled to exercise the same rights enumerated in Section 5.3 hereof.

Appears in 4 contracts

Samples: Purchase and Sale Agreement (Healthcare Realty Trust Inc), Purchase and Sale Agreement (CNL Healthcare Properties, Inc.), Purchase and Sale Agreement (CNL Healthcare Properties, Inc.)

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