Common use of SURFACE LEASES Clause in Contracts

SURFACE LEASES. Seller shall provide Buyer with copies of existing written leases and give written notice of oral leases within days (three [3] days if left blank) of the Time Reference Date. If there are NO existing Leases this paragraph is not applicable. 1) If Seller does not provide copies of existing said written leases or give written notice of oral leases within the three (3) days after the Time Reference Date the provisions of Paragraph 20 shall apply. The Seller shall be in default of this Agreement. 2) This Contract is subject to Buyer review, acceptance and approval of said leases, if any, within five (5) days of the receipt of said leases. 3) If the Buyer fails to give notice of objection to the leases, as above, the leases shall be deemed acceptable to the Buyer. 4) The following Leases will be permitted exceptions in the Title Policy and will not be a basis for objection to title:

Appears in 6 contracts

Samples: Oklahoma Uniform Contract of Sale of Real Estate, Oklahoma Uniform Contract of Sale of Real Estate, Oklahoma Uniform Contract of Sale of Real Estate

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SURFACE LEASES. Seller shall provide Buyer with copies of existing written leases and give written notice of oral leases within days (three [3] days if left blank) of the Time Reference Date. If there are NO existing Leases this paragraph is not applicable. 1) If Seller does not provide copies of existing said written leases or give written notice of oral leases within the three (3) days after the Time Reference Date the provisions of Paragraph 20 shall apply. The Seller shall be in default of this Agreement.. Farm and Ranch Contract: Property Identifier 2) This Contract is subject to Buyer review, acceptance and approval of said leases, if any, within five (5) days of the receipt of said leases. 3) If the Buyer fails to give notice of objection to the leases, as above, the leases shall be deemed acceptable to the Buyer. 4) The following Leases will be permitted exceptions in the Title Policy and will not be a basis for objection to title:

Appears in 4 contracts

Samples: Farm and Ranch Contract, Farm and Ranch Contract, Farm and Ranch Contract

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SURFACE LEASES. Seller shall provide Buyer with copies of existing written leases and give written notice of oral leases within days (three [(3] ) days if left blank) of the Time Reference Date. If there are NO existing Leases this paragraph is not applicable. 1) If Seller does not provide copies of existing said written leases or give written notice of oral leases within the three (3) days after the Time Reference Date the provisions of Paragraph 20 shall apply. The Seller shall be in default of this Agreement. 2) This Contract is subject to Buyer review, acceptance and approval of said leases, if any, within five (5) days of the receipt of said leases. 3) If the Buyer fails to give notice of objection to the leases, as above, the leases shall be deemed acceptable to the Buyer. 4) The following Leases will be permitted exceptions in the Title Policy and will not be a basis for objection to title:

Appears in 1 contract

Samples: Oklahoma Uniform Contract of Sale of Real Estate

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