Title Exceptions; Survey Sample Clauses

Title Exceptions; Survey. Upon execution of this Agreement, Sellers shall provide to District a preliminary title report for the Property (the “PTR”) from the Title Company, and shall deliver a copy (or cause a copy to be delivered) to City together with copies of (or hyperlinks to) all of the title exception documents. District shall have until 5:00 p.m. Pacific Time on the date that is thirty (30) days after obtaining the PTR to review and approve or disapprove any title exceptions in the PTR, and notify Sellers in writing of any such title exceptions to which District objects. District may also cause an ALTA survey (“Survey”) to be performed within thirty (30) days after District obtains the PTR and shall promptly deliver a copy of the Survey to the Sellers together with any objections (if any) to any title exceptions shown on the Survey within said thirty (30) day period. Sellers shall have ten (10) business days after delivery by District to Sellers of any written objection to a title exception to notify District in writing that Sellers will: (a) remove one or more of the applicable exception(s) or cause them to be removed by the end of the Due Diligence Period (as defined in Section 2.7.2 below) or reasonably insured over by the Title Company (subject, however, to District’s approval of the form of such insurance); (b) decline to remove exceptions (or to cause them to be reasonably insured). Failure by the Sellers to so notify District shall be deemed to be Sellers’ election not to