Title Exceptions Disclosed After the Execution Date Sample Clauses

Title Exceptions Disclosed After the Execution Date. If, after Buyer’s delivery of Buyer’s Objection Letter (or, if Buyer does not deliver a Buyer’s Objection Letter, after the period during which Buyer may deliver a Buyer’s Objection Letter has expired), the Title Company issues a new or supplemental title report that discloses one or more exceptions that were not disclosed to Buyer in the PTR, then (i) any exception that is of the nature of one of the conditions of title described in Sections 3.2.1 through 3.2.5, shall become a Permitted Exception, and (ii) with respect to any exception that is not of the nature of the items described in Sections 3.2.1 through 3.2.5, subject to the last sentence of this Section 3.3, Buyer shall have until 5:00 p.m. San Francisco time on the date that is five (5) Business Days after Buyer’s receipt of the new or supplemental title commitment and the underlying document for such exception to notify Seller in writing as to whether Buyer approves or disapproves the new exception. If Buyer approves such exception or fails to give notice by the time required under the previous sentence, then such exception shall become a Permitted Exception. If Buyer timely disapproves a new exception as permitted by this Section 4.2.4, then, subject to the last sentence of this Section 4.2.4, Seller shall have until 5:00 p.m. San Francisco time on the date that is two (2) Business Days after its receipt of Buyer’s disapproval notice to notify Buyer as to whether Seller will attempt to cause the new exception to be removed or insured against prior to or at Closing. Seller’s failure to give any such notice by the time required under the previous sentence shall be deemed to constitute Seller’s refusal to attempt to cause the new exception to be removed or insured against. Subject to the last sentence of this Section 3.3, Buyer shall have until 5:00 p.m. San Francisco time on the date that is three (3) Business Day after its receipt of a notice from Seller in which Seller refuses to attempt to cause the new exception to be removed or insured against to either (a) send notice waiving its disapproval of the new exception, in which event the exception shall become a Permitted Exception, or (b) deliver written notice to Seller of Buyer’s election to terminate this Agreement. Buyer’s failure to deliver a waiver notice to Seller in the time required by the previous sentence shall be deemed to constitute Buyer’s waiver of its disapproval of the new exception. The Closing Date shall be extended, if and as ...
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Related to Title Exceptions Disclosed After the Execution Date

  • After the Closing Date Buyer shall accept payment of all accounts receivable in the normal course of conducting the Business. Upon payment of any amounts from Delinquent Members, Buyer shall credit such payment first to the amounts owed by such Delinquent Member indicated on the Seller Receivable List, and then for Buyer's account.

  • Seller’s Closing Obligations At Closing, Seller shall deliver to Buyer the following:

  • Covenants of Buyer Prior to Closing Date Between the date of this Agreement and the Closing Date, Buyer will use its Best Efforts to cause the conditions in Section 8 to be satisfied.

  • Purchaser’s Closing Obligations Purchaser, at its sole cost and expense, shall deliver or cause to be delivered to Seller at Closing the following:

  • Buyer's Closing Obligations At the Closing, Buyer shall:

  • PRE-CLOSING OBLIGATIONS The Seller shall have performed and complied with all the obligations and conditions required by this Agreement to be performed or complied with by Seller at or prior to the Closing Date, including the execution and delivery of all documents and contracts required to be delivered at or before the Closing Date pursuant to this Agreement.

  • Seller’s Closing Certificate A certificate duly executed by Seller in the form of Exhibit J attached hereto (the “Seller’s Closing Certificate”).

  • PRE-CLOSING COVENANTS The Parties agree as follows with respect to the period between the execution of this Agreement and the Closing.

  • Post-Closing Covenants The Parties agree as follows with respect to the period following the Closing.

  • Termination Prior to Closing This Agreement may be terminated at any time prior to the Closing:

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