Close Transaction Sample Clauses

Close Transaction. Close the transaction on the terms herein provided and accepting, in full satisfaction of the Seller's obligation with respect to conveying title hereunder, such title to the Premises as the Seller can convey subject to such Title Objection; provided, however, that if such Title Objection shall be a lien or other encumbrance which can be removed, remedied or cured by the payment of a liquidated sum of money, then Seller shall be obligated to pay up to a cumulative total amount of $500,000 to cause such Title Objection to be removed, remedied or cured but Seller shall have no obligation to pay any sum in excess thereof nor take any action other than to pay, in total for all Title Objections, up to $500,000 (this provision shall not be applicable, however, to taxes, assessments, sewer use, fire district taxes and other governmental assessments which first accrue on or after the date hereof, each of which shall be adjusted in accordance with this Agreement); or