LTF Title Objections. Within 20 days following LTF’s receipt of the Title Commitment, LTF shall provide City with written notice of any objections to matters disclosed on the Title Commitment for the City Property (“Title Objections”). If LTF has ordered a Survey within the timeframe described in Section 5.B. above, then the Title Objections shall be required from LTF within 20 days following LTF’s receipt of the Title Commitment and Survey. The 20-day period for LTF to provide Title Objections shall hereinafter be referred to as “LTF Title Review Period”. Any items noted on the Title Commitment or Survey to which LTF does not provide the Title Objections during the LTF Title Review Period will be deemed to be Permitted Exceptions. If LTF provides a Title Objection within the LTF Title Review Period, then within 10 business days (“City’s Title Response Period”) City may notify LTF in writing (“City’s Title Response Notice”) of the Title Objections which City agrees to satisfy on or prior to the Closing, at City’s sole cost and expense, and of the Objections that City cannot or will not satisfy. If City does not provide a City’s Title Response Notice then it shall be recognized and agreed that City will not satisfy the Title Objections. Notwithstanding any other provisions of this Agreement, City will, in any event, be obligated to cure those Title Objections (i) that are monetary liens against the City Property caused by City or (ii) are other encumbrances that have been placed against the City Property by City after the Title Objections are provided that the LTF reasonably determines may have a material adverse effect on the City Property, and that will not otherwise be satisfied on or before the Closing ((i) and (ii) collectively, the “City Required Removal Items”). If City will not cure the Title Objections to LTF’s reasonable satisfaction, LTF has 20 days following the earlier of receipt of the City’s Title Response Notice or 20 days after the City’s Title Response Period if no City’s Title Response Notice is provided to either terminate this Agreement by giving written notice of termination to City, whereupon this Agreement will be terminated without any obligations surviving hereunder, except those expressly stated to survive early termination or elect in writing to close, in which case LTF will be deemed to have waived such Title Objections and such Title Objections will become Permitted Exceptions. In the event LTF does not provide written notice terminating this Agreem...
