Common use of Preliminary Title Report Clause in Contracts

Preliminary Title Report. Within ten (10) business days of Opening of Escrow, Title Company 33 shall provide Buyer with a Preliminary Title Report ("PTR") to review, which must be approved or rejected within five (5) 34 business days of receipt thereof. If Buyer does not object to the PTR within the period specified above, the PTR shall be deemed 35 accepted. If Buyer makes an objection to any item(s) contained within the PTR, Seller shall have five (5) business days after 36 receipt of objections to correct or address the objections. If, within the time specified, Seller fails to have each such 37 exception removed or to correct each such other matter as aforesaid, Buyer shall have the option to: (a) terminate this 38 Agreement by providing notice to Seller and Escrow Officer, entitling Buyer to a refund of the EMD or (b) elect to accept title to 39 the Property as is. All title exceptions approved or deemed accepted are hereafter collectively referred to as the "Permitted 40 Exceptions." 41

Preliminary Title Report. Within ten (10) business days of Opening of Escrow, Title Company 33 38 shall provide Buyer with a Preliminary Title Report ("“PTR"”) to review, which must be approved or rejected within five (5) 34 39 business days of receipt thereof. If Buyer does not object to the PTR within the period specified above, the PTR shall be 40 deemed 35 accepted. If Buyer makes an objection to any item(s) contained within the PTR, Seller shall have five (5) business 41 days after 36 receipt of objections to correct or address the objections. If, within the time specified, Seller fails to have each such 37 42 exception removed or to correct each such other matter as aforesaidobjection, Buyer shall have the option to: (a) terminate this 38 Agreement by providing 43 notice to Seller and Escrow Officer, entitling Buyer to a refund of the EMD or (b) elect to accept title to 39 the Property as is. All 1 title exceptions approved or deemed accepted are hereafter collectively referred to as the "“Permitted 40 Exceptions." 41” 2

Preliminary Title Report. Within ten (10) business days of Opening of Escrow, Title Company 33 25 shall provide Buyer with a Preliminary Title Report ("“PTR"”) to review, which must be approved or rejected within 26 five (5) 34 business days of receipt thereof. If Buyer does not object to the PTR within the period specified above, the 27 PTR shall be deemed 35 accepted. If Buyer makes an objection to any item(s) contained within the PTR, Seller shall 28 have five (5) business days after 36 receipt of objections to correct or address the objections. If, within the time 29 specified, Seller fails to have each such 37 exception removed or to correct each such other matter as aforesaidobjection, Buyer shall have the 30 option to: (a) terminate this 38 Agreement by providing notice to Seller and Escrow Officer, entitling Buyer to a refund 31 of the EMD or (b) elect to accept title to 39 the Property as is. All title exceptions approved or deemed accepted are 32 hereafter collectively referred to as the "“Permitted 40 Exceptions." 41” 33

Preliminary Title Report. Within ten (10) business days of Opening of Escrow, Title Company 33 shall provide Buyer with a Preliminary Title Report ("“PTR"”) to review, which must be approved or rejected within five (5) 34 business days of receipt thereof. If Buyer does not object to the PTR within the period specified above, the PTR shall be deemed 35 accepted. If Buyer makes an and objection to any item(s) contained within the PTR, Seller shall have five (5) business days after 36 receipt of objections to correct or address the objections. If, within the time specified, Seller fails to have each such 37 exception removed or to correct each such other matter as aforesaid, Buyer shall have the option to: (a) terminate this 38 Agreement by providing notice to Seller and Escrow Officer, entitling Buyer to a refund of the EMD or (b) elect to accept title to 39 the Property as is. All title exceptions approved or deemed accepted are hereafter collectively referred to as the "“Permitted 40 Exceptions." 41”

Preliminary Title Report. Within ten (10) business days of Opening of Escrow, Title Company 33 2 shall provide Buyer with a Preliminary Title Report ("PTR") to review, which must be approved or rejected within five (5) 34 3 business days of receipt thereof. If Buyer does not object to the PTR within the period specified above, the PTR shall be 4 deemed 35 accepted. If Buyer makes an objection to any item(s) contained within the PTR, Seller shall have five (5) business 5 days after 36 receipt of objections to correct or address the objections. If, within the time specified, Seller fails to have each such 37 6 exception removed or to correct each such other matter as aforesaid, Buyer shall have the option to: (a) terminate this 38 7 Agreement by providing notice to Seller and Escrow Officer, entitling Buyer to a refund of the EMD or (b) elect to accept title 8 to 39 the Property as is. All title exceptions approved or deemed accepted are hereafter collectively referred to as the "Permitted 40 9 Exceptions." 4110

Preliminary Title Report. Within ten (10) business days of Opening of Escrow, Title Company 33 shall provide Buyer with a Preliminary Title Report ("“PTR"”) to review, which must be approved or rejected within five (5) 34 business days of receipt thereof. If Buyer does not object to the PTR within the period specified above, the PTR shall be deemed 35 accepted. If Buyer makes an objection to any item(s) contained within the PTR, Seller shall have five (5) business days after 36 receipt of objections to correct or address the objections. If, within the time specified, Seller fails to have each such 37 exception removed or to correct each such other matter as aforesaid, Buyer shall have the option to: (a) terminate this 38 Agreement by providing notice to Seller and Escrow Officer, entitling Buyer to a refund of the EMD or (b) elect to accept title to 39 the Property as is. All title exceptions approved or deemed accepted are hereafter collectively referred to as the "“Permitted 40 Exceptions." 41”

Preliminary Title Report. Within ten (10) business days of Opening of Escrow, Title Company 33 44 shall provide Buyer with a Preliminary Title Report ("“PTR"”) to review, which must be approved or rejected within five (5) 34 45 business days of receipt thereof. If Buyer does not object to the PTR within the period specified above, the PTR shall be 46 deemed 35 accepted. If Buyer makes an objection to any item(s) contained within the PTR, Seller shall have five (5) business 47 days after 36 receipt of objections to correct or address the objections. If, within the time specified, Seller fails to have each such 37 48 exception removed or to correct each such other matter as aforesaid, Buyer shall have the option to: (a) terminate this 38 49 Agreement by providing notice to Seller and Escrow Officer, entitling Buyer to a refund of the EMD or (b) elect to accept title 50 to 39 the Property as is. All title exceptions approved or deemed accepted are hereafter collectively referred to as the "Permitted 40 Exceptions." 41“Permitted

Preliminary Title Report. Within ten (10) business days of Opening of Escrow, Title Company 33 38 shall provide Buyer with a Preliminary Title Report ("“PTR"”) to review, which must be approved or rejected within five (5) 34 39 business days of receipt thereof. If Buyer does not object to the PTR within the period specified above, the PTR shall be deemed 35 40 accepted. If Buyer makes an objection to any item(s) contained within the PTR, Seller shall have five (5) business days after 36 41 receipt of objections to correct or address the objections. If, within the time specified, Seller fails to have each such 37 exception 42 removed or to correct each such other matter as aforesaidobjection, Buyer shall have the option to: (a) terminate this 38 Agreement by providing notice to 43 Seller and Escrow Officer, entitling Buyer to a refund of the EMD or (b) elect to accept title to 39 the Property as is. All title 1 exceptions approved or deemed accepted are hereafter collectively referred to as the "“Permitted 40 Exceptions." 41” 2