Common use of Title Defects, Defense and Protection Clause in Contracts

Title Defects, Defense and Protection. Lessee may at any time cause a title search to be made covering all or any part of the Premises. Lessors shall provide Lessee with any abstracts and other evidences of title in Lessors’ possession or control. If, (1) in the opinion of Lessee, Lessors’ title to all or any part of the Premises is defective or less than as represented in Section 4.A; or (2) Lessors’ title is contested or questioned by any person or entity Lessee shall notify Lessors and Lessors shall promptly defend title or correct the alleged defects. In the event Lessors are unable or unwilling to promptly correct the alleged defects or defend title, Lessee may, without obligation and without waiver of any remedies of Lessee, attempt to perfect or defend Lessors’ title. In that event, Lessors shall cooperate as reasonably necessary to assist Lessee in its efforts to perfect or defend Lessors’ title, time being of the essence. Any money expended by Lessee to perfect or defend Lessors’ title shall be deductible from the annual lease payment set forth in Section 3.A. for the year in which such money is spent. Any improvement or perfection of title to the Premises shall inure to the benefit of Lessee in the same manner and to the same extent as if such improvement or perfection had been made prior to the execution of this Agreement.

Title Defects, Defense and Protection. Lessee Buyer may at any time cause a title search to be made covering all or any part of the Premises. Lessors Seller shall provide Lessee Buyer with any abstracts and other evidences of title in Lessors’ Seller’s possession or control. If, (1) in the opinion of LesseeBuyer, Lessors’ Seller’s title to all or any part of the Premises is defective or less than as represented in Section 4.A; or (2) Lessors’ Seller’s title is contested or questioned by any person or entity Lessee Buyer shall notify Lessors Seller and Lessors Seller shall promptly defend title or correct the alleged defects. In the event Lessors are Seller is unable or unwilling to promptly correct the alleged defects or defend title, Lessee Buyer may, without obligation and without waiver of any remedies of LesseeBuyer, attempt to perfect or defend Lessors’ Seller’s title. In that event, Lessors Seller shall cooperate as reasonably necessary to assist Lessee Buyer in its efforts to perfect or defend Lessors’ Seller’s title, time being of the essence. Any money expended by Lessee Buyer to perfect or defend Lessors’ Seller’s title shall be deductible from the annual lease Gold Coin payment set forth in Section 3.A. 3B or 3C for the year in which such money is spent. Any improvement or perfection of title to the Premises shall inure to the benefit of Lessee Buyer in the same manner and to the same extent as if such improvement or perfection had been made prior to the execution of this Agreement.. C

Title Defects, Defense and Protection. Lessee may at any time cause a title search to be made covering all or any part of the Premises. Lessors shall provide Lessee with any abstracts and other evidences of title in Lessors’ possession or control. If, (1) in the opinion of Lessee, Lessors’ title to all or any part of the Premises is defective or less than as represented in Section 4.Adefective; or (2) Lessors’ title is contested or questioned by any person or entity Lessee shall notify Lessors and Lessors shall promptly defend title or correct the alleged defects. In the event Lessors are unable or unwilling to promptly correct the alleged defects or defend title, Lessee may, without obligation and without waiver of any remedies of Lessee, attempt to perfect or defend Lessors’ title. In that event, Lessors shall cooperate as reasonably necessary to assist Lessee in its efforts to perfect or defend Lessors’ title, time being of the essence. Any money expended by Lessee to perfect or defend Lessors’ title shall be deductible from the annual quarterly lease payment set forth in Section 3.A. for the year quarter in which such money is spent. Any improvement or perfection of title to the Premises shall inure to the benefit of Lessee in the same manner and to the same extent as if such improvement or perfection had been made prior to the execution of this Agreement.