Review of Title Commitment and Survey. Buyer shall give Seller written notice, within twenty (20) days after the Contract Date, of any objections to the Title Commitment or Survey. Any exceptions identified in the Title Commihnent or Survey to which written notice of objection is not given within such period shall be a "Permitted Encumbrance." If the Seller is unable or unwilling to correct the Buyer's title and survey objections within the Due Diligence Period, Buyer may terminate this Agreement by written notice to Seller prior to expiration of the Due Diligence Period. If Buyer fails to so terminate this Agreement, then such objections shall constitute "Permitted Encumbrances" as of the expiration of the Due Diligence Period, and Buyer shall acquire the Property without any effect being given to such title and survey objections.
Review of Title Commitment and Survey. If the Title Commitment or ------------------------------------- Survey (if ordered and obtained in accordance with Section 3.B above) disclose exceptions to title other than the Existing Permitted Exceptions (such exceptions to title being referred to as the "Disclosed Exceptions") then Purchaser shall have until 5:00 p.m. (Chicago, Illinois time) on the tenth (10th) day after the date of Purchaser's receipt of the last of the Title Commitment and Survey (if ordered and obtained in accordance with Section 3.B above) within which to notify Seller of any such Disclosed Exceptions to which Purchaser objects (it being understood that, in the event that Purchaser does not order and obtain the Survey in accordance with Section 3.B above that Purchaser shall have until 5:00 p.m. (Chicago, Illinois time) on the tenth (10th) day after Purchaser's receipt of the Title Commitment within which to notify Seller of any such Disclosed Exceptions to which Purchaser objects). If any additional exceptions to title other than the Existing Permitted Exceptions and the Disclosed Exceptions (such exceptions to title being referred to herein as the "New Disclosed Exceptions") arise between the date of the Title Commitment, the Survey (if ordered and obtained in accordance with Section 3.B above) and the Closing, Purchaser shall have five (5) days after its receipt of notice of same within which to notify Seller of any such New Disclosed Exceptions to which Purchaser objects. Any such Disclosed Exceptions or New Disclosed Exceptions not objected to by Purchaser as aforesaid shall become "Permitted Exceptions" hereunder. If Purchaser objects to any such Disclosed Exceptions or New Disclosed Exceptions, Seller shall have until Closing (but in any event at
Review of Title Commitment and Survey. If the Title Commitment or Survey disclose exceptions to title other than the Existing Permitted Exceptions (such exceptions to title being referred to as the "Disclosed Exceptions") then Purchaser shall have until 5:00 p.m. (Chicago, Illinois time) on the tenth (10th) day after the date of Purchaser's receipt of the last of the Title Commitment and Survey, within which to notify Seller of any such Disclosed Exceptions to which Purchaser objects. If any additional exceptions to title other than the Existing Permitted Exceptions and the Disclosed Exceptions (such exceptions to title being referred to herein as the "New Disclosed Exceptions") arise between the date of the Title Commitment, the Survey and the Closing, Purchaser shall have five (5) days after its receipt of notice of same within which to notify Seller of any such New Disclosed Exceptions to which Purchaser objects. Any such Disclosed Exceptions or New Disclosed Exceptions not objected to by Purchaser as aforesaid shall become "Permitted Exceptions" hereunder. If Purchaser objects to any such Disclosed Exceptions or New Disclosed Exceptions, Seller shall have until Closing (but in any event at least twenty [20] days after it receives notice of Purchaser's objection(s)) to remove such Disclosed Exceptions or New Disclosed Exceptions, which removal may be accomplished by waiver or endorsement by the Title Insurer. If Seller fails to remove any such Disclosed Exceptions or New Disclosed Exceptions as aforesaid, Purchaser may, as its sole and exclusive remedy, terminate this Agreement and obtain a return of the Xxxxxxx Money. If Purchaser does not elect to terminate this Agreement, Purchaser shall consummate the Closing and accept title to the Property subject to all such Disclosed Exceptions and New Disclosed Exceptions (in which event, all such Disclosed Exceptions and New Disclosed Exceptions, together with the Existing Permitted Exceptions, shall be deemed "Permitted Exceptions" hereunder).
Review of Title Commitment and Survey. Within twenty (20) days after Xxxxx’s receipt of the Title Commitment, Buyer shall give Seller written notice of any objections to the Title Commitment. Within twenty (20) days after Xxxxx’s receipt of the Survey, Buyer shall give Seller written notice of any objections to the Survey. Any exceptions identified in the Title Commitment or Survey to which written notice of objection is not given within such period shall be a “Permitted Encumbrance.” If the Seller is unable or unwilling to correct the Buyer’s title and survey objections within the Due Diligence Period, Buyer may terminate this Agreement by written notice to Seller prior to expiration of the Due Diligence Period, in which case the Xxxxxxx Money Deposit shall be refunded to Buyer. If Buyer fails to so terminate this Agreement, then such objections shall constitute “Permitted Encumbrances” as of the expiration of the Due Diligence Period, and Buyer shall acquire the Property without any effect being given to such title and survey objections.
Review of Title Commitment and Survey. Buyer shall have until the end of the Due Diligence Period provided for in Section 5.1 of this Agreement in which to notify Seller of any objections Buyer has to any matters shown or referred to in the Title Commitment or Survey and of any title insurance endorsements required by Buyer. Any exceptions or other items that are set forth in the Title Commitment or the 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 ten (10) days after Seller receives Buyer’s notice of objections of any exceptions to title or items on the survey which Seller is not able to remove or otherwise resolve and any endorsements that Seller is not able to provide following Buyer’s request within the review period, and Buyer may, at Buyer’s option, either waive the objections not cured or Buyer may terminate this Agreement by notice to Seller. Notwithstanding the foregoing, all monetary liens or encumbrances shall be paid by Seller at closing.
Review of Title Commitment and Survey. PURCHASER shall have a period of 15 days (the "Title Review Period") after receipt by PURCHASER of the Title Commitment in accordance with Section 5.01 above, and the Survey in accordance with Section 5.02 above, in which to review the Title Commitment, the Survey, and legible copies of the title instruments referenced therein, and to give written notice to A&M SYSTEM specifying PURCHASER's objections (the "Objections"), if any, to them (other than the standard printed exceptions in Schedule B to the Title Commitment). If PURCHASER fails to give written notice of Objections to A&M SYSTEM prior to the expiration of the Title Review Period, then all exceptions to title shown on Schedule B of the Title Commitment shall be deemed to be “Permitted Exceptions.” However, all Schedule C items must be resolved prior to and as a condition of closing.
Review of Title Commitment and Survey. Purchaser shall have a period of ten (10) days from receipt of the Title Commitment and Survey to review the Title Commitment and Survey and to deliver in writing such objections as Purchaser may have to anything contained or set forth in the Title Commitment and/or Survey.
Review of Title Commitment and Survey. Purchaser shall, within the fifteen (15) days after delivery of the Commitment, provide Seller with written notice of any objections to the Commitment and/or Survey, other than the Permitted Exceptions.
Review of Title Commitment and Survey. Buyer shall give Seller written notice, within twenty (20) days after Buyer’s receipt of the Title Commitment, of any objections thereto. Buyer shall give Seller written notice, within twenty
Review of Title Commitment and Survey. Buyer shall have a period of thirty (30) days (the "Title Review Period") after Seller's delivery to Buyer of both the Title Commitment and the Survey in accordance with paragraphs 4.1 and 4.2 above, but in no event after December 17, 1997, in which to review the Title Commitment and the Survey and give written notice to specifying Buyer's objections (the "Objections"), if any, to the Title Commitment and the Survey. If Buyer shall fail to give written notice of Objections to Seller prior to the expiration of the Title Review Period, then all exceptions to title shown on Schedules B and C of the Title Commitment shall be deemed to be Permitted Exceptions.
