Common use of Cure or Noncure of Title Objections Clause in Contracts

Cure or Noncure of Title Objections. Seller shall have until the Closing to cure the Title Objections. Seller shall not be obligated to cure or attempt to cure any Title Objection, other than voluntary mortgage liens or other liquidated sums secured by a lien filed against the Property (hereinafter referred to as “Mandatory Items”), and shall in no event incur any liability to Buyer by reason of any failure or refusal to cure any Title Objection other than Mandatory Items. Seller shall bear the cost of curing any Title Objections which it does elect or attempt to cure. Seller agrees, within five (5) business days of its receipt of the Objection Notice, to notify Buyer of any Title Objections which Seller determines it is unwilling or unable to cure. In the event that Seller has indicated its unwillingness or inability to cure a Title Objection other than Mandatory Items, Buyer’s exclusive rights under this Agreement shall be either:

Cure or Noncure of Title Objections. Seller shall have until the Closing to cure the Title Objections. Seller shall not be obligated to cure or attempt to cure any Title Objection, other than voluntary mortgage liens or other liquidated sums secured by a lien filed against the Property (hereinafter referred to as “Mandatory Items”)Property, and shall in no event incur any liability to Buyer by reason of any failure or refusal to cure any Title Objection other than Mandatory ItemsObjection. Seller shall bear the cost of curing any Title Objections which it does elect or attempt to cure. Seller agrees, within five (5) business days of its receipt of the Objection Notice, to notify Buyer of any Title Objections which Seller determines it is unwilling or unable to cure. In the event that Seller has indicated its unwillingness or inability to cure a Title Objection other than Mandatory Itemsor, in the alternative, if Seller does not give such a notice of its inability or unwillingness to cure such a defect and all Title Objections are not cured by the Closing Date, Buyer’s exclusive rights under this Agreement shall be either: