Common use of Remedies for Title Defects Clause in Contracts

Remedies for Title Defects. Subject to Seller’s continuing right to dispute the existence of a Title Defect and/or the Title Defect Amount therefor pursuant to Section 4.11, Seller shall have the option, but not the obligation, to attempt to cure, or cause to be cured, any Title Defect prior to Closing. In the event that any Title Defect is not cured on or before Closing:

Appears in 4 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Cubic Energy Inc), Purchase and Sale Agreement (Gastar Exploration USA, Inc.)

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Remedies for Title Defects. Subject to Seller’s continuing right to dispute the existence of a Title Defect and/or or the Title Defect Amount therefor pursuant to Section 4.11asserted with respect thereto, Seller shall have the option, but not the obligation, to attempt to cure, or cause to be cured, any Title Defect prior to Closing. In in the event that any Title Defect timely asserted by Buyer in accordance with Subsection 4.3(c) actually exists and is not waived by Buyer in writing or cured on or before Closingfour (4) days after the Defect Notice Day:

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Legacy Reserves Lp)

Remedies for Title Defects. Subject to Seller’s continuing right to dispute the existence of a Title Defect and/or the Title Defect Amount therefor pursuant to Section 4.11, Seller shall have the option, but not the obligation, to attempt to cure, or cause to be cured, any Title Defect prior to Closing. In in the event that any Title Defect timely asserted by Buyer in accordance with Section 4.06 is not waived in writing by Buyer or cured on or before Closingduring the Cure Period, Seller may, at its sole election for each Title Defect:

Appears in 1 contract

Samples: Purchase and Sale Agreement (Gastar Exploration Inc.)

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Remedies for Title Defects. Subject to Seller’s continuing right to dispute Upon the existence receipt of a Title Defect and/or the Title Defect Amount therefor pursuant to Notice from Buyer delivered in accordance with Section 4.115.2, Seller shall have the option, but not the obligation, to attempt to cure, or cause to be cured, any cure such Title Defect at any time prior to the Closing. In the event that any The cost of such cure or attempted cure of such Title Defect shall be borne by Seller. If Seller is not cured on unable or unwilling to cure the Title Defect before Closing:, then Buyer and Seller will have the following rights and remedies with respect to the uncured Title Defect(s):

Appears in 1 contract

Samples: Purchase and Sale Agreement (Tetra Technologies Inc)

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