Land Survey. At any time during the term of this Option, Purchaser may have prepared, at Purchaser's cost, a survey of the Premises by a registered land surveyor (the "Survey"). The Survey shall be used to compute the legal description of the real property to be purchased pursuant to this Option. In the event such Survey discloses any defects in Owner's title, Purchaser shall so notify Owner and Owner shall endeavor to cure the same within 30 days after such notice, or such other period agreed to by Purchaser and prior to closing. If such defects are not cured by the Closing Date, Purchaser shall have the same remedies as are allowed in Section 7 above for title defects disclosed in the Title Commitment.
Appears in 3 contracts
Samples: Option Agreement (Oregon Trail Ethanol Coalition LLC), Option Agreement (Oregon Trail Ethanol Coalition LLC), Option Agreement (Oregon Trail Ethanol Coalition LLC)
Land Survey. At any time during the term of this Option, Purchaser may have prepared, at Purchaser's initial cost, a survey of the Premises by a registered land surveyor (the "Survey"). The Survey shall be used to compute the legal description of the real property to be purchased pursuant to this Option. In the event such Survey discloses any defects in Owner's title, Purchaser shall so notify Owner and Owner shall endeavor to cure the same within 30 days after such notice, or such other period agreed to by Purchaser and prior to closing. If such defects are not cured by the Closing Date, Purchaser shall have the same remedies as are allowed in Section 7 above for title defects disclosed in the Title Commitment.
Appears in 2 contracts
Samples: Option Agreement (Oregon Trail Ethanol Coalition LLC), Option Agreement (Oregon Trail Ethanol Coalition LLC)
Land Survey. At any time during the term of this Option, Purchaser may have prepared, at Purchaser's cost, a survey of the Premises by a registered land surveyor (the "Survey"). The Survey shall be used to compute the legal description of the real property to be purchased pursuant to this Option. In the event such Survey discloses any defects in Owner's title, Purchaser shall so notify Owner and Owner shall endeavor to cure the same within 30 days after such notice, or such other period agreed to by Purchaser and prior to closing. If such defects are not cured by the Closing Date, Purchaser shall have the same remedies as are allowed in Section 7 10 above for title defects disclosed in the Title Commitment.
Appears in 1 contract
Samples: Option Agreement (Oregon Trail Ethanol Coalition LLC)