Title Inspection. The Purchaser shall have the period commencing on the Effective Date and ending thirty (30) days following receipt of the Property Documents at 5:00 p.m. Central Time (the “Inspection Period”) to examine title to the Property and to make objections thereto, such objections to be made in writing (“Purchaser’s Title Notice”) and delivered to Seller on or before the date that is ten (10) days prior to the expiration of the Inspection Period; provided that to the extent Purchaser shall have not had sufficient time to review the Survey prior to delivery of the Purchaser’s Title Notice, Purchaser shall have the right to supplement Purchaser’s Title Notice so long as such supplement is delivered no later than the date that is five (5) days prior to the expiration of the Inspection Period. Following receipt of the Property Documents, the parties (directly or through their respective counsel) shall confirm the expiration date of the Inspection Period via email. If Purchaser shall fail to timely make any objections to title pursuant to this Section 4.3 or waives objections to title, Purchaser shall be deemed to have accepted title to the Property. If any objections to title are timely made by Purchaser pursuant to this Section 4.3, then Seller shall have the right, but not the obligation, to cure (by removal, and if reasonably acceptable to Purchaser, by endorsement of Purchaser’s title insurance policy or otherwise) any or all of such objections on or before the Closing Date. Seller shall make the aforesaid election by giving notice to Purchaser on or before the date which is five (5) business days after receipt of Purchaser’s Title Notice. If no such notice from Seller concerning such election is received by Purchaser by such date, then Seller shall be deemed to have elected not to cure any such objections. If Seller does not elect to cure any of Purchaser’s title objections, then Purchaser shall have the right prior to the expiration of the Inspection Period to either (a) waive the objections noted in Purchaser’s Title Notice or (b) terminate this Agreement pursuant to Section 4.6, in which event the Initial Xxxxxxx Money and all interest thereon will be returned to Purchaser and neither party shall have any further obligations to the other party. If Purchaser does not so elect to terminate this Agreement, then Purchaser shall be deemed to have waived such objections and any objections that Seller has not agreed to cure shall be deemed to be “Permitted Exceptions...
Title Inspection. 8 Section 2.2 Pre-Closing "Gap" Title Defects.......................... 8 Section 2.3
Title Inspection. Purchaser acknowledges and agrees that (a) Seller has furnished to Purchaser prior to the Effective Date: (i) a current preliminary title report, Title Number 3008-123895, dated June 19, 2006 and any amendments thereto (the "Title Commitment") issued by First American Title Insurance Company of New York on the Real Property, accompanied by copies of all documents referred to in the report; (ii) a copy of the land title survey (the "Survey") prepared by Joseph Nicoletti Associates Land Surveyors P.C. dated August 3, 2006, xxx xxx Xxxx xxd the Improvements; and (iii) copies of the most recent property tax bills for the Property; (b) Purchaser has had an opportunity, prior to the Effective Date, to order its own title report and survey for the Land and Improvements; and (c) any and all matters (the "Existing Title and Survey Matters") referred to, reflected in or disclosed by, the materials referred to in the marked Title Commitment attached hereto as Exhibit V and the Survey, inclusive, have been agreed to and accepted by Purchaser and that, as of the Effective Date, Purchaser has approved the Existing Title and Survey Matters and the Existing Title and Survey Matters shall constitute Permitted Exceptions.
Title Inspection. In addition to the inspections and studies permitted under Section1.4, Lessee shall have the right during the Inspection Period to examine, or cause to be examined, title to the Premises. If, at any time during the Inspection Period, title to the Premises should become (or be discovered to be) subject to any lien, encumbrance or other exception that is construed as a valid title objection under the “Real Estate Title Examination Standards” of the Oklahoma Bar Association, where applicable, and Lessee provides notice to Lessor in writing of the same (a “Title Objection”), Lessor may, but shall have no obligation to cure such Title Objection. If Lessor does not cure any such Title Objections within thirty (30) days of said notice or such additional time as may be agreed to satisfy such objections, then Lessee shall elect within five (5) business as its sole and exclusive remedy to either (i) terminate this Lease upon written notice to Lessor, or (ii) waive the unsatisfied Title Objections; provided that in any event Lessor shall be required to deliver the Premises on the Effective Date. Lessee may obtain, at Lessee’s sole cost and expense, a leasehold title insurance policy insuring that Lessee’s rights in the Premises, any other property with respect to which Lessee will need any easements or other rights and Lessee’s rights under this Lease are unencumbered and sufficient, in Lessee’s sole determination, for Lessee’s construction, development, use and operation of the Premises.
Title Inspection. Buyer shall have until October 21, 1997 to review the Survey, the UCC Report, the Title Commitment and all of the other diligence items described in Articles III and IV hereof, all of which shall be deemed approved by Buyer if Buyer does not elect to terminate this Agreement in accordance with Section 4.1, below.
Title Inspection. Prior to Closing, Buyer may complete a review of title to the Real Property and the Property Rights.
Title Inspection. (a) Each Seller shall make available to Purchaser within three (3) Business Days after the Effective Date hereof (i) a copy of its respective Company’s existing owner’s title insurance policy for is respective Property, and (ii) the most recent survey of the Real Property owned by such Company in the possession of such Seller or its respective Company (each an “Existing Survey”).
Title Inspection. Section 3.2.
Title Inspection. Purchaser acknowledges that, prior to the Effective Date hereof, Purchaser was given the opportunity to review (a) a current title insurance commitment (the “Title Commitment”) on the Real Property, accompanied by copies of all documents referred to in the report, which Title Commitment is attached hereto as Exhibit B; and (b) the most recent survey of the Real Property prepared by a licensed surveyor or engineer hired by Seller to be furnished by Seller to Purchaser pursuant to Section 4.1 hereof (the “Survey”). Subject to Sections 3.2, 3.3, 3.4, and 3.5 hereof, Purchaser hereby accepts the Title Commitment and Survey and all title exceptions set forth therein and waives any and all objections to title with respect to the Real Property existing as of the Effective Date.
Title Inspection. Atlas, upon the execution of this Agreement, ---------------- may order an abstract of title covering the Commonwealth Property or otherwise examine title to the Commonwealth Property, all at its sole expense, and shall have a period of time ending on October 6, 1995 to complete such examination. If Atlas, in its reasonable opinion, determines at any time on or before October 6, 1995 that there exists a material defect in the title to the Commonwealth Property, Atlas may terminate this Agreement upon written notice to Harvest, and upon receipt of such notice by Harvest, this Agreement shall be deemed terminated, and Harvest shall promptly refund to Atlas an amount equal to the payments made by Atlas under Section 7(k) above.
