Common use of Review of Title and Survey Clause in Contracts

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. 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; PROVIDEDprovided, 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").