Common use of Title Defects Clause in Contracts

Title Defects. Buyer shall notify Sellers in writing of any Title Defect in the Assets after discovering the Title Defect but in any event on or before five (5) Business Days prior to Closing (the “Due Diligence Period”). For the purpose of this Agreement, a “Title Defect” shall mean a material deficiency which individually per property exceeds Fifty Thousand Dollars ($50,000) in one (or more) of the following respects (other than Permitted Encumbrances):

Title Defects. Buyer shall notify Sellers Seller in writing of any Title Defect (as defined below) in the Assets Interests as soon as possible after discovering the Title Defect but in any event on or before five (5) Business Days prior to the Closing Date (the “Due Diligence Period”). For the purpose of this Agreement, a “Title Defect” shall mean a material deficiency which individually per property defect exceeds Fifty Twenty-Five Thousand and No/100 Dollars ($50,00025,000) in one (or more) of the following respects (other than Permitted Encumbrances):respects:

Title Defects. Buyer shall notify Sellers Seller in writing of any ------------- Title Defect in the Assets Interests as soon as possible after discovering the Title Defect but in any event on or before five (no later than November 5) Business Days prior to Closing , 1999 (the “"Due Diligence Period”"). For the purpose purposes of this Agreement, a “"Title Defect” " shall mean a material deficiency which individually individually, per property Interest or per Property, exceeds Fifty Five Thousand Dollars (US $50,0005,000) in one (or more) of the following respects (other than Permitted Encumbrances):respects: 4.

Title Defects. Buyer shall notify Sellers Seller in writing of any Title Defect in the Assets affecting any Property as soon as possible after discovering the Title Defect but but, in any event on or before five event, within fifteen (515) Business Days prior to Closing days after Execution Date (the “"Due Diligence Period”"). For the purpose of this Agreement, a “"Title Defect” " shall mean a material deficiency which individually per property exceeds Fifty Property diminishes the value of that Property by at least Five Thousand Dollars (US $50,0005,000) in one (or more) of the following respects (other than Permitted Encumbrances):respects:

Title Defects. Buyer shall notify may provide one or more written notices to Sellers in writing of any Title Defect in the Assets after discovering the Title Defect but in any no event on or before five (5) Business Days prior to Closing later than December 21, 2010 (the “Due Diligence Period”). For the purpose of this Agreement, a “Title Defect” shall mean a material deficiency which individually per property exceeds Fifty Thousand Dollars ($50,000) in one (or more) of the following respects (other than Permitted Encumbrances), the value of which exceeds Fifty Thousand Dollars ($50,000):