Response by Seller. If Buyer provides written objections to Seller, Buyer and Seller shall have seven calendar days after Seller's receipt of Buyer's objections (the "Response Period") in which to agree in writing upon the manner of resolving Buyer's objections. Seller may, but shall not be required to, resolve Buyer's objections. if Buyer and Seller have not agreed in writing upon the manner of resolving Buyer's objections, Buyer may cancel this Contract by providing written notice to Seller no later than three calendar days after expiration of the Response Period; whereupon the Xxxxxxx Money Deposit shall be released to Buyer, regardless of whether such cancellation is before or after the Xxxxxxx Money Forfeiture Deadline. If this Contract is not canceled by Buyer under this Section 8.4, Buyer's objections shall be deemed waived by Buyer. This waiver shall not affect those items warranted in Section 10.
Response by Seller. If Buyer timely provides Objections to Seller, Buyer and Seller shall have five (5) Business Days after Seller’s receipt of the Objections (the “Response Period”) in which to agree in writing upon the manner of resolving the Objections. Seller may, but shall not be required to, resolve the Objections. If Buyer and Seller have not agreed in writing upon the manner of resolving the Objections prior to the expiration of the Response Period, Buyer may cancel this PSA by delivering written notice to Seller not later than five (5) Business Days after the end of the Response Period (the “Termination Date”); whereupon the Xxxxxxx Money Deposit shall be released to Buyer and neither Party shall have any further rights, obligations or liabilities under this PSA except as expressly set forth herein. If this PSA is not canceled by Buyer under this Section, the Objections shall be deemed waived by Buyer and the Xxxxxxx Money Deposit shall become nonrefundable except upon Seller’s default. If the Response Period extends past the Settlement Deadline, the Settlement Deadline shall be extended to the date that is five (5) Business Days following the extended Termination Date. If the Termination Date extends past the Settlement Deadline, the Settlement Deadline shall be extended to the date that is five (5) Business Days following such Termination Date.
Response by Seller. Within 30 days after receipt of any Claims Notice, Seller shall, with respect to such Claims Notice, by notice to Purchaser (a "Response Notice"), either (a) approve the request for payment from the Escrow Account for the Claimed Amount in whole, or (b) deny the request for payment from the Escrow Account for the Claimed Amount in whole or in part. If Seller denies the request for payment from the Escrow Account in whole or in part, such Response Notice shall be accompanied by a reasonably full description of the basis for such denial. Any portion of the Claimed Amount for which Seller shall have approved the request for payment is referred to herein as the "Approved Indemnity Amount." Seller and Purchaser shall jointly execute and deliver a written notice (an "Approved Indemnity Payment Notice") to each of the other Escrow Parties, jointly instructing the Escrow Agent to pay any Approved Indemnity Amount from the Escrow Account to Purchaser.
Response by Seller. Seller shall use its reasonable best efforts to eliminate as an exception to title any matters disclosed by the Title Report, the Survey, and any Intervening Liens timely objected to by Buyer. If Seller does not eliminate any such matter or any such Intervening Lien prior to the earlier of the Closing Date or the date that is ten (10) days after Buyer objects thereto, Buyer may terminate this Agreement by written notice to Seller. Buyer shall provide such termination notice in writing to Seller no later than the earlier of the Closing Date or thirty (30) days after Seller provides Buyer written notice that it is unable to eliminate the title exception from the Title Report. Any exception with respect to which Buyer does not timely object shall be deemed a Permitted Encumbrance.
Response by Seller. If Buyer timely provides written objections to Seller, then the Buyer and Seller shall have seven (7) calendar days after Seller’s receipt of Buyer’s objections (the “Response Period”) in which to agree in writing upon the manner of resolving Buyer’s objections. Seller may, but shall not be required to, resolve Buyer’s objections. If Buyer and Seller have not agreed in writing upon the manner of resolving Buyer’s objections, Buyer may cancel this REPC by providing written notice to Seller no later than the last day of the Response Period, whereupon the entire Deposit shall be released to Buyer. If Buyer does not cancel this REPC by the end of the Response Period as provided in this Section, Buyer’s objections shall be deemed waived by Buyer.
Response by Seller. Seller shall have no obligation to correct any Disapproved Exceptions listed on the Schedule of Buyer's Disapproved Survey Exceptions, it being agreed that Buyer shall be obligated to take title to the Realty subject to such Disapproved Exceptions. Seller shall, however, cooperate with and assist Buyer in revising the Surveys to address reasonable concerns raised by Buyer.
