Extension to Perfect Title or Make Property Conform. If at the time for performance of this Agreement SELLER shall be unable to give title or to make conveyance, or to deliver possession of the Property, all as herein stipulated, or if at the time of the delivery of the deed the Property does not conform with the provisions hereof, as the case may be; (a) SELLER shall give written notice thereof to BUYER at least three (3) days before the time for the delivery of the deed, (b) SELLER shall use diligent, good faith efforts to remove any defects in title or to deliver possession as provided herein or to make the Property conform to the provisions hereof, and (c) upon the delivery of the notice mentioned above, the Closing Date shall be extended for a period of up to thirty (30) days. SELLER’s diligent good faith efforts hereunder shall not require SELLER to expend more than $800.00 exclusive of sums paid to discharge mortgages, monetary liens and/or municipal charges.
Extension to Perfect Title or Make Property Conform. If at the time for performance of this Agreement SELLER shall be unable to give title or to make conveyance, or to deliver possession of the Property, all as herein stipulated, or if at the time of the delivery of the deed the Property does not conform with the provisions hereof, as the case may be; (a) SELLER shall give written notice thereof to BUYER at least three (3) days before the time for the delivery of the deed, (b) SELLER shall use diligent, good faith efforts to remove any defects in title or to deliver possession as provided herein or to make the Property conform to the provisions hereof, and (c) upon the delivery of the notice mentioned above, the Closing Date shall be extended for a period of up to thirty (30) days, provided, however, that such extension period shall be for as short a period as is required by SELLER to effect such necessary cure to the title or condition of the Property. SELLER’s diligent good faith efforts hereunder shall not require SELLER to expend more than $10,000.00, exclusive of sums paid to discharge mortgages, monetary liens and/or municipal charges.
Extension to Perfect Title or Make Property Conform. If Seller shall be unable to give title or to make conveyance, or to deliver possession of the Property, consistent with the terms of this Agreement, or if at the time of the delivery of the deed the Property does not conform with the provisions hereof or is in any other way non-compliant (collectively a “Non-Compliance”), then Buyer shall immediately notify Seller of such Non-Compliance including a detailed description of the Non-Compliance and subject to Seller’s cure rights as hereafter provided or Seller’s contesting of the existence of such Non-Compliance, the Deposit shall be forthwith refunded and all other obligations of the parties hereto shall cease and this Agreement shall be void without recourse to the parties hereto. Notwithstanding anything contained herein to the contrary, Seller shall use reasonable efforts to cure any record title Non-Compliance so long as the total cost to cure any and all such Non-Compliances (including reasonable attorneys’ fees) does not exceed $150,000.00 in the aggregate, plus sums to pay off mortgages and other liens granted by Seller, and Buyer shall then close the purchase of the Property in accordance with the terms hereof. Seller may, by notice to Buyer, elect to cure or contest any Non-Compliance raised by Buyer in its notice, and if Seller so elects to cure (or if Seller is obligated to use reasonable efforts to cure as provided herein), then the time for performance shall be extended for a period of up to thirty (30) days. All matters not noticed by Buyer to Seller prior to the Due Diligence Expiration Date shall be deemed waived and accepted by Buyer and be deemed to satisfy the requirements of this Purchase and Sale Agreement. In addition to the foregoing, Seller shall remove any involuntary monetary liens against the Property.
Extension to Perfect Title or Make Property Conform. If at any time before the date scheduled for Closing the Seller determines for any reason that there is or may be a title defect, or if on the date scheduled for Closing the Seller is unable to deliver possession of the Property, or the Property does not conform with the provisions hereof, the Seller may, in Seller’s sole and exclusive discretion, use reasonable efforts to remove any defects in title, or to deliver possession as provided herein, or to make the Property conform to the provisions hereof. In such event, the paragraph shall not be construed as requiring the Seller to take action with respect to the matters stated herein.
Extension to Perfect Title or Make Property Conform. If Seller shall be unable to give title or to make conveyance, or to deliver possession of the Premises, all as herein stipulated, or if at the time of the delivery of the deed the Premises do not conform with the provisions hereof, then Seller shall use reasonable efforts to remove any defects in title, or to deliver possession as provided herein, or to make the said Premises conform to the provisions hereof, as the case may be, and thereupon the time for performance hereof shall be extended for a period of thirty (30) days.
