Common use of Seller’s Right to Cure Clause in Contracts

Seller’s Right to Cure. If Buyer provides written notice of Title Defect, Seller shall have the right, but not the obligation, to attempt, at its sole cost, to cure at any time prior to 120 days after the Closing Date (the “Cure Period”), to the reasonable satisfaction of Buyer, any Title Defects of which it has been advised by Buyer.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Atlas Resource Partners, L.P.)

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Seller’s Right to Cure. If Buyer provides written notice of Title Defect, Seller shall have the rightoption, but not the obligation, to attempt, at its sole cost, attempt to cure at any time prior to 120 Title Defect on or before the date that is ninety (90) days after the Closing Date (the “Cure Period”), . If Seller cures any Title Defect prior to the reasonable satisfaction end of Buyerthe Cure Period, any Title Defects of within ten (10) business days thereafter Buyer shall pay Seller the amount by which it has been advised by Buyerthe Purchase Price was reduced at Closing pursuant to Section 4.2(d)(i).

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Samson Oil & Gas LTD), Purchase and Sale Agreement (PetroShare Corp.)

Seller’s Right to Cure. If Buyer provides written notice of Title Defect, Seller shall have the right, but not the obligation, to attempt, at its sole cost, to cure at any time prior to 120 on or before sixty (60) days after following the Closing Date (the “Cure Period”), to the reasonable satisfaction of Buyer, ) any Title Defects of which it has been advised by Buyer. In the event Seller cures a Title Defect following Closing in a form reasonably satisfactory to Buyer, the Title Defect Value related to such cured Title Defect shall be an upward adjustment in the Final Settlement Statement.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Samson Oil & Gas LTD)

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Seller’s Right to Cure. If Buyer provides written notice of Title Defect, Seller shall have the right, but not the obligation, to attempt, at its sole cost, to cure at any time prior to 120 days after the Closing Date (the “Cure Period”), to the reasonable satisfaction of Buyer, any Title Defects of which it has been advised by BuyerXxxxx.

Appears in 1 contract

Samples: Purchase and Sale Agreement

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