Review of Title and Survey. Purchaser shall have until the expiration of the Inspection Period in which to notify Seller in writing (the "Title Objection Notice") of any objections Purchaser has to any matters shown or referred to in the Title Commitment, the Exception Documents or on the Survey; provided, that Purchaser shall not object to current real estate taxes and assessments or to easements, restrictions and exceptions affecting the Property which do not materially adversely affect the value of the Property or its current use by Seller, all of which shall be Permitted Exceptions hereunder. Any title encumbrances, exceptions or other matters which are set forth in the Title Commitment, the Exception Documents or on the Survey, and to which Purchaser does not object within the Inspection Period, shall be deemed to be permitted exceptions to the status of Seller's title (such encumbrances, exceptions or other matters, together with such other matters included pursuant to other provisions of this Contract, shall be referred to as the "Permitted Exceptions"). Other than liens securing the payment of the Existing Loan which will be assumed by Purchaser at Closing pursuant to the terms of this Contract, Seller shall, notwithstanding anything to the contrary contained herein, satisfy all liens securing the payment of a monetary obligation and affecting the Property at or prior to Closing, except for any liens or encumbrances expressly permitted in Section 4.5(c) and (d) hereof.
Review of Title and Survey. No later than ten (10) days after Buyer receives both the Title Binder and Survey, Buyer shall notify Seller of any objections Buyer has to any matters shown or referred to in the Title Binder or the Survey that impair the marketability of the Owned Property. Any title encumbrances or exceptions that are set forth in the Title Binder or the Survey and to which Buyer does not object shall be deemed to be permitted exceptions to the status of Seller's title ("Permitted Exceptions"). None of the exceptions prohibited in Section 5.31.1 hereof shall be Permitted Exceptions. With regard to items to which Buyer does object, Seller shall have five (5) days after receipt of Buyer's objections in which to cure all Buyer's objections. If Seller is unable to cure such objections within said five-day period, Buyer may at Buyer's option waive the objections not cured (in which event such waived objections will be Permitted Exceptions), or terminate this Agreement by notice to Seller within five (5) business days after the earlier to occur of expiration of said cure period or written notice from Seller that Seller is unable to cure all of such objections. If Buyer fails to deliver a written termination notice within such five-day period, Buyer will be deemed to have waived such objections.
Review of Title and Survey. Notwithstanding the expiration of either the Inspection Period or the Environmental Inspection Period, Purchaser shall have until five (5) business days after receipt of the last of the Title Commitment, Exception Documents, Existing Survey, and New Survey, if applicable, in which to notify Seller in writing (the "Title Objection Notice") of any objections Purchaser has to any matters shown or referred to in the Title Commitment, the Exception Documents, the Existing Survey or any New Survey; provided, that Purchaser shall not object to current real estate taxes and assessments which shall be Permitted Exceptions hereunder. Any title encumbrances, exceptions or other matters which are set forth in the Title Commitment, the Exception Documents, the Existing Survey or any New Survey, and to which Purchaser does not object within the aforementioned five (5) business day period, shall be deemed to be permitted exceptions to the status of Seller's title (such encumbrances, exceptions or other matters, together with such other matters included pursuant to other provisions of this Contract, shall be referred to as the "Permitted Exceptions").
Review of Title and Survey. Purchaser shall have until the end of the Inspection Period (as hereinafter defined) to notify Seller in writing of any objections Purchaser has to any matters affecting title to the Property, including any matters shown or referred to in the Title Commitment, the Exception Documents, or on the Survey. Any title encumbrances, exceptions or other matters which are either: (a) reported to the Title Company and insured over without exception on the Title Commitment or (b) set forth in the Title Commitment, the Exception Documents, or on the Survey; and to which Purchaser does not object in writing within the Inspection Period, shall be deemed to be permitted exceptions to the status of Seller's title (such encumbrances, exceptions or other matters, together with such other matters permitted pursuant to other provisions of this Contract, shall be referred to as the "Permitted Exceptions").
Review of Title and Survey. Purchaser shall have until ten (10) days after receipt of the last of the Title Commitment, Exception Documents, and Survey in which to notify Seller in writing (the "Title Objection Notice") of any objections Purchaser has to any matters shown or referred to in the Title Commitment, the Exception Documents or on the Survey; provided, that Purchaser shall not object to current real estate taxes and assessments or to easements, restrictions and exceptions affecting the Property which do not adversely affect the value of the Property or its current use by Seller, all of which shall be Permitted Exceptions hereunder. Any title encumbrances, exceptions or other matters which are set forth in the Title Commitment, the Exception Documents or on the Survey, and to which Purchaser does not object within the aforementioned five (5) business day period, shall be deemed to be permitted exceptions to the status of Seller's title (such encumbrances, exceptions or other matters, together with such other matters included pursuant to other provisions of this Contract, shall be referred to as the "Permitted Exceptions").
Review of Title and Survey. Purchaser may advise Seller in writing and in reasonable detail, not later than (a) with respect to matters and exceptions set forth in the Title Report, the UCC Searches or the Survey, five (5) business days prior to the last day of the Inspection Period and (b) with respect to matters and exceptions first raised in any amendment or update to the Title Report or the UCC Searches that could reasonably be expected to materially and adversely impact the Property or are voluntarily created by Seller after the date of the Title Report (unless consented to by Purchaser, such consent not to be unreasonably withheld, conditioned or delayed with respect to matters that are required by law or existing agreements), three (3) business days after its receipt of such amendment or update to the Title Report or the UCC Searches (but no later than the Closing Date), what matters and exceptions shown or referred to in the amended and updated Title Report or any updated or amended UCC Searches, if any, are not acceptable to Purchaser (the "Title Objections"). Seller shall have two (2) business days after receipt of Purchaser's Title Objections to give Purchaser notice that (x) Seller will remove any Title Objections from title (or, if acceptable to the Title Company, in its reasonable judgment, afford the Title Company necessary information or certifications to permit it to insure over such exceptions) or (y) except as provided below, Seller elects not to cause such exceptions to be removed or insured over. Seller's failure to provide notice to Purchaser as to any Title Objection shall be deemed an election by Seller not to remove the Title Objection. If Seller so notifies or is deemed to have notified Purchaser that Seller will not remove or insure over any or all of the Title Objections, Purchaser shall have until the expiration of the Inspection Period to determine, as its sole options, whether (i) to proceed with the purchase and take the Property subject to such exceptions that are not to be removed or cured (which exceptions shall then become "Permitted Encumbrances" as defined below) or (ii) to terminate this Contract. Purchaser's failure to give Seller notice shall be deemed to be an election by Purchaser under clause (i) in the immediately preceding sentence. If Purchaser timely terminates this Contract in accordance with this Section 4.4, the Title Company shall promptly return the Exxxxxx Money (and all interest thereon) to Purchaser, and neither Seller nor Purch...
Review of Title and Survey. Buyer shall have a period (the "REVIEW PERIOD") ending five (5) days after the date on which Buyer receives the last to be received of the following: (i) the Title Commitment, (ii) copies of all instruments referred to in the Title Commitment which affect title to the Owned Real Property and (iii) the Survey required in paragraph (b) above, in which to notify Seller of any objections Buyer has to any matter shown or referred to on the Survey or in the Title Commitment which are reasonably unacceptable to Buyer. Any matters to which Buyer does not object by written notice delivered to Seller prior to the end of the Review Period, as well as utility easements and other easements, rights of way, covenants, reservations and restrictions of record which, individually or in the aggregate, do not
Review of Title and Survey. Purchaser shall have until ten (10) days after receipt of the last of the Title Commitment, Exception Documents, and Survey in which to notify Seller in writing (the "Title Objection Notice") of any objections Purchaser has to any matters shown or referred to in the Title Commitment, the Exception Documents or on the Survey. Any title encumbrances, exceptions or other matters which are set forth in the Title Commitment, the Exception Documents or on the Survey, and to which Purchaser does not object within the aforementioned ten (10) day period, shall be deemed to be permitted exceptions to the status of Seller's title (such encumbrances, exceptions or other matters, together with such other matters included pursuant to other provisions of this Contract, shall be referred to as the "Permitted Exceptions").
Review of Title and Survey. Purchaser shall have until twenty (20) days after the Effective Date in which to notify Seller in writing (the "Title referredntooincthe TitleyCommitment, thecException DocumentstorronsthenSurvey; provided, that Purchaser shall not object to current real estate taxes and assessments or to easements, restrictions and exceptions affecting the Property which do not adversely affect the value of the Property or its current use by Seller, all of which shall be Permitted Exceptions hereunder. Any title encumbrances, exceptions or other matters which are set forth in the Title Commitment, the Exception Documents or on the Survey, and to which Purchaser does not object within the aforementioned ten (10) day period, shall be deemed to be permitted exceptions to the status of Seller's title (such encumbrances, exceptions or other matters, together with such other matters included pursuant to other provisions of this Contract, shall be referred to as the "Permitted Exceptions").
Review of Title and Survey. Purchaser shall have a period (the "Review Period") ending thirty (30) days after the Effective Date but no later than September 25, 2005, in which to notify Seller of any objections Purchaser has to any matters shown or referred to in the Title Commitment or the Survey other than those Permitted Exceptions set forth on Exhibit "B" hereto failing which Purchaser waives its right to raise such objections and title shall be deemed satisfactory. In the event Purchaser notifies Seller of any unacceptable exceptions or conditions, Seller shall have five (5) days thereafter in which to notify Purchaser whether Seller will eliminate or modify such Unacceptable Condition(s) or conditions. In the event Seller does not respond within such 15-day period, Seller will be deemed to have declined to eliminate or modify such Unacceptable Condition(s). If Seller does not opt to eliminate or modify such condition, Purchaser may (i) waive such Unacceptable Condition(s) and proceed to Closing; (ii) terminate this Agreement (subject to Section 17); or attempt to resolve the Unacceptable Condition(s) at Purchaser’s sole cost and expense, with Seller’s cooperation provided Seller shall not be required to incur any costs.
