Review of Title Commitment Sample Clauses

Review of Title Commitment. Buyer shall have until sixty (60) days after it has received the Title Commitment (or if Buyer or the Title Company requires a Survey, Title Commitment and Survey (the “Review Period”) in which to notify Seller in writing of any objections Buyer has to any matters shown or referred to in the Title Commitment or Survey (“Buyer’s Objections”). Any exceptions or other items that are set forth in the Title Commitment or Survey and to which Buyer does not object within the Review Period shall be deemed to be permitted exceptions (“Permitted Exceptions”). With regard to items to which Buyer does object within the Review Period, Seller shall notify Buyer within fifteen (15) days after Seller receives Buyer’s Objections of any exceptions to title which Seller will not remove or otherwise resolve (“Seller’s Response”), and Buyer may, at Buyer’s option, either proceed to Closing and thereby waive the Buyer’s Objections not cured, in which case such exceptions to title shall be deemed and shall be included as Permitted Exceptions, or Buyer may terminate this Agreement by notice to Seller within ten (10) days after receipt of Seller’s Response. If the Title Company issues a supplement to the Title Commitment or Survey that identifies new exceptions, the procedure set forth in this Section 4.3 shall apply to such supplement, except that Buyer will have ten (10) days to make Buyer’s Objections to any new exception, Seller shall have seven (7) days to provide Seller’s Response, Buyer shall have ten (10) days to either terminate this Agreement by notice to Seller or proceed to Closing and thereby waive the Buyer’s Objections to the new exceptions not cured, in which case such exceptions to title shall be deemed and shall be included as Permitted Exceptions. The Closing Date will be extended for the period necessary to allow the procedures set forth herein to be completed with regard to a timely objection.
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Review of Title Commitment. Buyer shall have until the Inspection Date by which to examine title to each of the Properties, to obtain a title insurance commitment with respect to the applicable Property (the “Title Commitment”) from the Title Insurer, and to give written notice to Seller of any objections which Buyer may have with respect to each Property.
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Review of Title Commitment. The review of the Title Commitment shall be governed by the following:
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Review of Title Commitment. Buyer and Seller have already agreed upon a set of exceptions or other items that are set forth in the Title Commitment or Survey and to which Buyer does not object, which shall be deemed to be permitted exceptions (“Permitted Exceptions”). The Permitted Exceptions are set forth in Exhibit B
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Review of Title Commitment. Survey and Exception Documents. Purchaser ---------------------------------------------------------- shall have a period of fifteen (15) days (the "Title Review Period") after Purchaser's receipt of the last to be received of the Title Commitment, the Exception Documents, and the Survey in which to give written notice to Seller specifying Purchaser's objections to one or more of those items ("Objections"), if any. Any item contained in the Title Commitment, the Exception Documents or the Survey to which Purchaser does not object during the Title Review Period shall be deemed a Permitted Exception.
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Review of Title Commitment. SURVEY AND EXCEPTION DOCUMENTS. Purchaser will have a period of ten (10) calendar days (the "TITLE REVIEW PERIOD") after delivery of all the items specified in SECTION 5.1, in which to give written notice to Seller specifying Purchaser's objections to the Title Commitment, Title Exceptions, UCC Searches and Survey ("TITLE OBJECTIONS"), if any.
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Review of Title Commitment. If the Title Commitment disclose exceptions to title other than as set forth on Exhibit A then Purchaser may terminate this contract but it shall only receive a refund of it's deposit made under section 2(a)(1) in the amount of $ 15,000. Alai such deposit Shell only be refunded if all other deposits required hereunder are made and retained by the Seller and the Seller is given a complete release.
Sample 1
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Review of Title Commitment. Purchaser shall have until the later of (i) fifteen (15) days after receipt of both the Existing Survey and the Title Commitment, together with copies of all documents referred to in the Title Commitment; and (ii) fifteen (15) days after the Effective Date, but in no event later than the date which is five (5) days prior to the end of the Feasibility Period, to review the Existing Survey and the Title Commitment and to deliver in writing to Seller such commercially reasonable objections as Purchaser may have to anything contained or set forth in the Title Commitment or the Existing Survey. If no written objections are delivered by Purchaser to Seller within said period, the Title Commitment shall be deemed to be approved by Purchaser; except that Seller shall be obligated, at its sole cost and expense, to satisfy at or prior to Closing all monetary encumbrances affecting the Property evidenced by deeds of trust, tax liens, judgments, mechanics’ liens, or other liens or charges in a fixed sum which were caused, created or consented to by Seller (collectively, “Monetary Liens”), and Seller authorizes the use of the Purchase Price or a portion thereof to pay and discharge the same at Closing. Notwithstanding the foregoing, Purchaser shall in no event be deemed to have approved any deeds of trust, tax liens, judgments, mechanics’ liens, or other liens or charges which were not caused, created or consented to by Seller, and Purchaser retains the right to object to any of the foregoing. Purchaser shall have five (5) business days after receipt of an Updated Survey but no later than five (5) days prior to the end of the Feasibility Period to review the Updated Survey and to deliver in writing to Seller such commercially reasonable objections as Purchaser may have to anything contained or set forth on the Updated Survey and not disclosed in the Existing Survey. If no written objections are delivered by Purchaser to Seller within said period, the matters shown on the Updated Survey shall be deemed to be approved by Purchaser. The following shall constitute “Permitted Exceptions” and may appear as exceptions in the owner’s policy of title insurance and in the Quitclaim Deed delivered by Seller at Closing: (i) except for any Monetary Liens, any items appearing on the Title Commitment, Existing Survey, and Updated Survey (if any) to which Purchaser does not object in its written notices to Seller within the foregoing periods; (ii) current, non-delinquent real estate t...
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Review of Title Commitment. After receipt of the Title Commitment, including any supplement thereto and the documents referred to therein as conditions, exceptions, or reservations to title to the Property, and the survey provided by Seller, Purchaser shall review such items and shall have a period of ten (10) days in which to provide Seller in writing such objections as Purchaser may have to anything contained or set forth in such documents or in the Title Commitment and/or Survey. Seller shall have a period of fifteen (15) days following receipt of such notice of such objections to remedy Purchaser's objections. In the event that Seller shall not have remedied Purchaser's reasonable objections to Purchaser's reasonable satisfaction within such fifteen (15) day period, then Purchaser may terminate this Agreement whereupon the Deposit shall promptly be returned to Purchaser in full termination of this Agreement
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Related to Review of Title Commitment

  • Title Commitment (a) Purchaser acknowledges receipt of that certain title insurance commitment dated April 9, 2002 issued by the Title Company under Commitment No. 673945-F (the "TITLE COMMITMENT"), together with copies of the title exceptions listed thereon. Purchaser shall have until the expiration of the Evaluation Period (the "ORIGINAL OBJECTION DATE") to send written notice to Seller of its objections to matters shown on the Title Commitment or the Existing Survey that Purchaser deems unacceptable and shall have until the date (the "NEW OBJECTION DATE") that is five (5) Business Days after receipt by Purchaser's counsel of any update to the Title Commitment or any Updated Survey (or as promptly as possible prior to the Closing with respect to updates received less than five (5) Business Days prior to the Closing) to send written notice to Seller of Purchaser's objections to any new exceptions to title to the Real Property raised thereby, provided that Purchaser may object to matters shown on an Updated Survey only if such matters were not shown on the Existing Survey. Purchaser's objections made in accordance with the preceding sentence are referred to herein as "TITLE OBJECTIONS" or "SURVEY OBJECTIONS," as applicable. Purchaser will be deemed to have accepted the exceptions to title set forth on the Title Commitment (as updated) and the matters shown on the Existing Survey and Updated Survey as permitted exceptions (together with any Title Objections and Survey Objections ultimately waived by Purchaser or cured by Seller, the "PERMITTED EXCEPTIONS") unless such matters are objected to by Purchaser in writing by the Original Objection Date or the New Objection Date, as applicable. Seller shall cause the Title Company to furnish to Purchaser a preliminary title report or title commitment, by the terms of which the Title Company agrees to issue to Purchaser at Closing an owner's policy of title insurance (the "TITLE POLICY") in the amount of the Purchase Price on the then standard TLTA owner's form insuring Purchaser's fee simple title to the Real Property, subject to the terms of such policy and the Permitted Exceptions including, without limitation, the standard or general exceptions. The basic premium for the Title Policy shall be at Seller's expense, and Purchaser may request additional coverage under the Title Policy or endorsements or deletions thereto (including, without limitation, the modification or deletion of the survey exception), which shall be, in each case, at Purchaser's expense.

  • Title Documents Title Documents consist of the following: (1) copies of any plats, declarations, covenants, conditions and restrictions burdening the Property, and (2) copies of any other documents (or, if illegible, summaries of such documents) listed in the schedule of exceptions (Exceptions) in the Title Commitment furnished to Buyer (collectively, Title Documents).

  • Evidence of Title Evidence that title to a REO is held by the Trustee shall be submitted by the Servicer to the Master Servicer and, if applicable, to the Primary Mortgage Insurer and/or the Pool Insurer, within ten Business Days after marketable title to such REO has been acquired.

  • Title Report If no Additional Mortgage Policy is required with respect to such Additional Mortgaged Property, a title report issued by the Title Company with respect thereto, dated not more than 30 days prior to the date such Additional Mortgage is to be recorded and satisfactory in form and substance to Administrative Agent;

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