Common use of Defects and Cure Clause in Contracts

Defects and Cure. If the Title Commitment, the Survey or any update to either of the foregoing, (“Title Evidence”) discloses unpermitted claims, liens, exceptions or conditions (the “Defects”), said Defects shall be cured and removed by Seller from the Title Evidence prior to Closing in accordance with this Section 5.3.

Appears in 4 contracts

Samples: Purchase and Sale Agreement (Applied Films Corp), Purchase and Sale Agreement (National Rv Holdings Inc), Purchase and Sale Agreement (KAR Holdings, Inc.)

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Defects and Cure. If the Title Commitment, Commitment or the Survey or any update to either of the foregoing, (“Title Evidence”) discloses unpermitted claims, liens, exceptions or conditions affecting the Real Property (the “Defects”), said Defects shall be cured and removed by Seller from the Title Evidence prior to Closing only if required in accordance with this Section 5.3.

Appears in 2 contracts

Samples: Real Estate Sales Contract and Escrow Instructions, Real Estate Sales Contract and Escrow Instructions (Industrial Income Trust Inc.)

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Defects and Cure. If the Title Commitment, the Survey or any update to either of the foregoing, ("Title Evidence") discloses unpermitted claims, liens, exceptions or conditions affecting the Real Property (the "Defects"), said Defects shall be cured and removed by Seller from the Title Evidence prior to Closing in accordance with this Section 5.3.

Appears in 1 contract

Samples: Real Estate Sales Contract and Escrow Instructions (Lawson Products Inc/New/De/)

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