Election Not to Correct Title Objections Sample Clauses

Election Not to Correct Title Objections. In the event Seller notifies Purchaser on or before the Election Date of its election not to satisfy or correct any or all of the objections set forth in the Purchaser’s Title Notice (or is deemed to have elected), Purchaser shall, by notice to Seller within two (2) business days after the Election Date, elect one of the following: 5.2.1 To waive such Title Objection(s) identified in Purchaser’s Title Notice and to close the transaction in accordance with the terms of this Agreement; or 5.2.2 To terminate this Agreement by notice to Seller and to receive a complete refund of all the E▇▇▇▇▇▇ Money in accordance with the terms hereof, together with all interest accrued thereon (less and except the sum of One Hundred Dollars ($100), which shall be paid to Seller as consideration for entering into this Agreement), in which event neither Seller nor Purchaser shall have any further rights, duties or obligations under this Agreement, except as otherwise expressly provided herein. If Purchaser fails to give a written notice of termination within the time required herein, it shall be conclusively deemed that Purchaser has elected to waive the Title Objections (other than the Mandatory Cure Items) not so corrected or removed, and accept them as Permitted Exceptions.