Common use of SURVEY AND TITLE REVIEW PERIOD Clause in Contracts

SURVEY AND TITLE REVIEW PERIOD. Purchaser shall have a period of ten (10) days (the "Title and Survey Review Period") from its receipt of the last of the Title Commitment, the Title Documents and the Survey (collectively, the "Title and Survey Report") to object in writing to Seller as to any matters therein to which Purchaser objects (the "Objections"). If Purchaser fails to so object prior to the expiration of the Title and Survey Review Period, Purchaser shall be deemed to have approved and accepted the Title and Survey Report, and all matters set forth therein shall be deemed to be Permitted Exceptions (herein so called). If Purchaser notifies Seller in writing of any Objections prior to the expiration of the Title and Survey Review Period, Seller shall then have a period of ten (10) days to cure the Objections, or to notify Purchaser in writing of any Objections Seller cannot, or elects not to, cure (the "Cure Notice"). Seller shall have no obligation to cure any of the Objections; provided, however, Seller shall be obligated to cure any Objections to any liens or other encumbrances granted by Seller after the Effective Date. Upon Purchaser's receipt of the Cure Notice, Purchaser shall have a period of five (5) days to either (i) terminate this Agreement, and be entitled to the return of the Deposit with neither party hereto being thereafter obligated to the other, except as to Purchaser's obligation to return to Seller due diligence materials pursuant to Section 5.4 hereof, and except as to Purchaser's indemnification liability set forth in Sections 6.1 and 19.1(d) hereof, or (ii) waive the Objections and proceed to the Closing with all uncured Objections constituting Permitted Exceptions.

SURVEY AND TITLE REVIEW PERIOD. Purchaser shall have a period of ten (10) days (the "Title and Survey Review Period") from its receipt of the last of the Title Commitment, the Title Documents and the Survey (collectively, the "Title and Survey Report") to object in writing to Seller as to any matters therein to which Purchaser objects (the "Objections"). If Purchaser fails to so object prior to the expiration of the Title and Survey Review Period, Purchaser shall be deemed to have approved and accepted the Title and Survey Report, and all matters set forth therein shall be deemed to be Permitted Exceptions (herein so called). If Purchaser notifies Seller in writing of any Objections prior to the expiration of the Title and Survey Review Period, Seller shall then have a period of ten (10) days to cure the Objections, or to notify Purchaser in writing of any Objections Seller cannot, or elects not to, cure (the "Cure Notice"). Seller shall have no obligation to cure any of the Objections; provided, however, Seller shall be obligated to cure any Objections to any liens or other encumbrances granted by Seller after the Effective Date. Upon Purchaser's receipt of the Cure Notice, Purchaser shall have a period of five (5) days to either (i) terminate this Agreement, and be entitled to the return of the Deposit with neither party hereto being thereafter obligated to the other, except as to Purchaser's obligation to return to Seller due diligence materials pursuant to Section 5.4 5.3 hereof, and except as to Purchaser's indemnification liability set forth in Sections Section 6.1 and 19.1(d) hereof, or (ii) waive the Objections and proceed to the Closing with all uncured Objections constituting Permitted Exceptions.