City Title Objections. Within 20 days following City’s receipt of the Title Commitment, City shall provide LTF with written notice of any objections to matters disclosed on the Title Commitment for the LTF Property (“Title Objections”). If City has ordered a Survey within the timeframe described in Section 5.B. above, then the Title Objections shall be required from City within 20 days following City’s receipt of the Title Commitment and Survey. The 20-day period for City to provide Title Objections shall hereinafter be referred to as “City Title Review Period”; provided, however, that in no event shall the City Title Review Period extend beyond the Due Diligence Period. Any items noted on the Title Commitment or Survey to which City does not provide the Title Objections during the City Title Review Period will be deemed to be Permitted Exceptions (as defined in Section 11.B.). If City provides a Title Objection within the City Title Review Period, then within 10 business days (“LTF’s Title Response Period”) LTF may notify City in writing (“LTF’s Title Response Notice”) of the Title Objections which LTF agrees to satisfy on or prior to the Closing, at LTF’s sole cost and expense, and of the Objections that LTF cannot or will not satisfy. If LTF does not provide a LTF’s Title Response Notice then it shall be recognized and agreed that LTF will not satisfy the Title Objections. Notwithstanding any other provisions of this Agreement, LTF will, in any event, be obligated to cure those Title Objections (i) that are monetary liens against the LTF Property caused by LTF or (ii) are other encumbrances that have been placed against the Property by LTF after the Title Objections are provided that the City reasonably determines may have a material adverse effect on the LTF Property, and that will not otherwise be satisfied on or before the Closing ((i) and (ii) collectively, the “LTF
