Common use of Buyer Objections Clause in Contracts

Buyer Objections. No later than the date that is twenty (20) days prior to the Closing Date, Buyer shall notify Seller in a reasonably detailed writing (the “Title Objection Notice”) which exceptions to the Title Report and the Express Map (including survey and zoning matters), if any, will not be accepted by Buyer with respect to the Hospital Campus Real Property. Seller shall have ten (10) Business Days after receipt of the Title Objection Notice to notify Buyer in writing that Seller either (i) will remove such objectionable exception from title before any exercise by Buyer of any of the Real Property Purchase Options pursuant to the Lease, or (ii) elects not to cause such exception to be removed (a “Non-Removal Notice”). If Seller fails to notify Buyer of its election within said ten (10) Business Day period, then Seller shall be deemed to have delivered a Non-Removal Notice. If Seller delivers a Non-Removal Notice to Buyer, then Buyer shall have until the date that is five (5) Business Days after the date that Buyer has received the Non-Removal Notice to notify Seller in writing that Buyer elects to either (A) nevertheless proceed with the transactions contemplated herein subject to such exceptions (in which event all such exceptions shall be deemed to constitute Permitted Real Property Encumbrances), or (B) terminate this Agreement. If Buyer fails to notify Seller in writing of its election on or prior to the expiration such five (5) Business Day period, then Buyer shall be deemed to have elected to terminate this Agreement.

Buyer Objections. ‌ . No later than the date that is twenty (20) days prior to the Closing Date, Buyer shall notify Seller in a reasonably detailed writing (the “Title Objection Notice”) which exceptions to the Title Report and the Express Map (including survey and zoning matters), if any, will not be accepted by Buyer with respect to the Hospital Campus Real Property. Seller shall have ten (10) Business Days after receipt of the Title Objection Notice to notify Buyer in writing that Seller either (i) will remove such objectionable exception from title before any exercise by Buyer of any of the Real Property Purchase Options pursuant to the Lease, or (ii) elects not to cause such exception to be removed (a “Non-Removal Notice”). If Seller fails to notify Buyer of its election within said ten (10) Business Day period, then Seller shall be deemed to have delivered a Non-Removal Notice. If Seller delivers a Non-Removal Notice to Buyer, then Buyer shall have until the date that is five (5) Business Days after the date that Buyer has received the Non-Non- Removal Notice to notify Seller in writing that Buyer elects to either (A) nevertheless proceed with the transactions contemplated herein subject to such exceptions (in which event all such exceptions shall be deemed to constitute Permitted Real Property Encumbrances), or (B) terminate this Agreement. If Buyer fails to notify Seller in writing of its election on or prior to the expiration such five (5) Business Day period, then Buyer shall be deemed to have elected to terminate this Agreement.

Buyer Objections. ‌ . No later than the date that is twenty (20) days prior to the Closing Date, Buyer shall notify Seller in a reasonably detailed writing (the “Title Objection Notice”) which exceptions to the Title Report and the Express Map (including survey and zoning matters), if any, will not be accepted by Buyer with respect to the Hospital Campus Real Property. Seller shall have ten (10) Business Days after receipt of the Title Objection Notice to notify Buyer in writing that Seller either (i) will remove such objectionable exception from title before any exercise by Buyer of any of the Real Property Purchase Options pursuant to the Lease, or (ii) elects not to cause such exception to be removed (a “Non-Removal Notice”). If Seller fails to notify Buyer of its election within said ten (10) Business Day period, then Seller shall be deemed to have delivered a Non-Removal Notice. If Seller delivers a Non-Removal Notice to Buyer, then Buyer shall have until the date that is five (5) Business Days after the date that Buyer has received the Non-Non- Removal Notice to notify Seller in writing that Buyer elects to either (A) nevertheless proceed with the transactions contemplated herein subject to such exceptions (in which event all such exceptions shall be deemed to constitute Permitted Real Property Encumbrances), or (B) terminate this Agreement. If Buyer Xxxxx fails to notify Seller in writing of its election on or prior to the expiration such five (5) Business Day period, then Buyer shall be deemed to have elected to terminate this Agreement.

Buyer Objections. No later than the date that is twenty (20) days prior to the Closing Date, Buyer shall notify Seller in a reasonably detailed writing (the “Title Objection Notice”) which exceptions to the Title Report and the Express Map (including survey and zoning matters), if any, will not be accepted by Buyer with respect to the Hospital Campus Real Property. Seller shall have ten (10) Business Days after receipt of the Title Objection Notice to notify Buyer in writing that Seller either (i) will remove such objectionable exception from title before any exercise by Buyer of any of the Real Property Purchase Options pursuant to the Lease, or (ii) elects not to cause such exception to be removed (a “Non-Removal Notice”). If Seller fails to notify Buyer of its election within said ten (10) Business Day period, then Seller shall be deemed to have delivered a Non-Removal Notice. If Seller delivers a Non-Removal Notice to Buyer, then Buyer shall have until the date that is five (5) Business Days after the date that Buyer has received the Non-Removal Notice to notify Seller in writing that Buyer elects to either (A) nevertheless proceed with the transactions contemplated herein subject to such exceptions (in which event all such exceptions shall be deemed to constitute Permitted Real Property Encumbrances), or (B) terminate this Agreement. If Buyer Xxxxx fails to notify Seller in writing of its election on or prior to the expiration such five (5) Business Day period, then Buyer shall be deemed to have elected to terminate this Agreement.