Title Objection. (a) As used in this Agreement, the term "Title Objection Period" shall mean a period commencing on the Effective Date and ending at 5:00 p.m. (Irvine, California time) on the date that is ten (10) calendar days after the Effective Date (and in determining such ten (10)-day period, the Effective Date shall not be counted). Purchaser may object to any matter shown on the Survey or any of the exceptions listed in the Title Report by delivery of a written notice ("Purchaser's Title Notice") to Seller prior to the expiration of the Title Objection Period; provided, however, Purchaser may not object to the following:
Title Objection. If Buyer fails to deliver a Buyer's Disapproval Notice to Seller and Escrow Holder by no later than fifteen (15) business days from Buyer's receipt of the Title Commitment, Buyer will be deemed to have approved title to the Lot. If Buyer delivers a Buyer's Disapproval Notice to Seller and Escrow holder by no later than fifteen (15) business days from Buyer's receipt of the Title Commitment, Seller shall have the right, in the sole and absolute discretion of Seller, by delivering written notice to Buyer and Escrow Holder no later than ten (10) business days subsequent to Seller's receipt of Buyer's Disapproval Notice ("Seller's Title Notice"), to elect to either: (a) decline to remove any Title Objection set forth in Buyer's Disapproval Notice, in which event this Agreement shall terminate; or (b) agree to remove any Title Objection set forth in Buyer's Disapproval Notice by no later than the Closing Date, as defined in Section 5.1. If Seller fails to deliver Seller's Title Notice to Buyer and Escrow Holder by no later than ten (10) business days subsequent to Seller's receipt of Buyer's Disapproval Notice, Seller will be deemed to have automatically elected not to remove any Title Objection set forth in Buyer's Disapproval Notice, and this Agreement shall terminate. If this Agreement is terminated as set forth m this Section, Buyer shall be entitled to a refund of the Buyer's Deposit, but Buyer shall pay the cost of Title Commitment.
Title Objection. Section 5.2 (aa) Title Pro-Formas. Section 5.1
Title Objection. By the end of the Inspection Period, Buyer will make its written objections (“Title Objections”) to the form and/or contents of the Title Evidence as Buyer may wish along with copies of the Title Evidence. Buyer’s failure to make Title Objections with respect to a particular matter existing of record as of the date of this Agreement within such time period will constitute a waiver of Title Objections with respect to any such matter. Any matter shown on such Title Evidence and not objected to by Buyer prior to the end of the Inspection Period shall be a “Permitted Exception” hereunder.
Title Objection. At least 60 days prior to the scheduled Closing Date, Developer shall cause the Title Company to deliver the Title Commitment to Developer and the City. Developer shall deliver to City at least 50 days prior to the scheduled Closing Date, in writing (the “Title Objection Notice”), any objections to the exceptions to title set forth in the Title Commitment, other than the Permitted Exceptions (each a “Title Objection”, and collectively, hereinafter the “Title Objections”). In addition, upon the issuance of an updated Title Commitment by the Title Company, Developer may provide a Title Objection Notice within five days (5) of receiving the updated Title Commitment. Any such matter not the subject of a timely Title Objection Notice shall be deemed a Permitted Exception. All Title Objections with respect to any portion of the Property shall be deemed waived upon conveyance of the Property to the Developer.
Title Objection. If a title examination by Buyer as of time of Closing discloses that title to the Premises is subject to encumbrances and defects not of record or in existence as of the date of this Agreement and as a result thereof, title is unmarketable (such event herein called a "Title Objection"), Buyer shall promptly notify Seller, and Seller may, at its option, exercise such efforts as it, in its sole discretion, deems appropriate to remove, remedy or comply with such Title Objection and Seller shall be entitled to an adjournment of the Closing for a period not to exceed thirty (30) Days, and the Closing shall be adjourned to such date as is established by the Seller. No matter shall be deemed to be a defect in title if, under the Standards of Title of the Connecticut Bar Association, such matter does not render title unmarketable. If Seller does not remove, remedy or comply with such Title Objection as of Closing (as the same may have been adjourned although Seller shall have no obligation to so adjourn), Buyer shall have, as Buyer's sole and exclusive remedy, the right and obligation to choose one of the following remedies:
Title Objection. Prior to the expiration of the Inspection Period, Buyer may make such written objections (“Title Objections”) to the form and/or contents of the Title Evidence as Buyer may wish. Buyer’s failure to make a Title Objection with respect to a particular matter prior to the expiration of the Inspection Period will constitute a waiver of Title Objections with respect to that particular matter. Any title matter existing as of the date hereof and not objected to by Buyer prior to the expiration of the Inspection Period shall be a “Permitted Exception” hereunder.
Title Objection. No later than 5:00 p.m. Boston, Massachusetts time on the last day of the Inspection Period, Buyer will give to Seller a single written notice that sets forth in reasonable detail any objections that Buyer has to title or survey matters affecting the Property ("Title Objections"). Buyer's failure to make Title Objections with respect to a particular matter within such time period will constitute a waiver of Title Objections with respect to a particular matter. Any matters shown on such Title Evidence and not objected to by Buyer prior to the end of the Inspection Period shall be deemed "Permitted Exceptions" hereunder.
Title Objection. Prior to the Due Diligence Expiration Date, Buyer will notify Seller of its written objections ("Title Objections") to the form and/or contents of the Title Evidence as Buyer may wish along with copies of the Title Evidence; provided, however, that Buyer shall have no right to object to any of the matters set forth within subsections (a) through (d) of the definition of Permitted Encumbrances. Buyer's failure to notify Seller of any Title Objections with respect to any particular matter within such time period will constitute a waiver of Title Objections with respect to a particular matter. As used herein, the term "Permitted Encumbrance" shall mean (a) the standard printed exclusions from coverage contained in the ALTA form of owner's title policy; (b) all matters, whether or not of record, that arise out of the actions of Buyer or its agents, representatives or contractors; (c) all matters that the Title Company is willing to insure over without additional premium or indemnity from Buyer and that, in the exercise of Buyer's reasonable business judgment, do not have a material adverse impact on the ownership, operation or value of the Property; (d) the lien of real estate taxes, water, sewer, and other public charges not yet due and payable; and (e) all other matters affecting title to the Property as to which Buyer has actual knowledge or is deemed to know as of the Due Diligence Expiration Date, except for those matters as to which, in accordance with this Section 6.2: (i) Buyer makes a written objection on or before the Due Diligence Expiration Date; and (ii) Seller elects to use reasonable efforts to cure.
Title Objection. In the event that Investor elects to terminate this Agreement with respect to a Facility in accordance with, the terms and conditions of Section 4.01(f), then such Facility shall not be (i) contributed to any Welltower Subsidiary on or before the Escrow Date, (ii) included in the Transaction, or (iii) considered one of the Facilities for purposes of this Agreement. Notwithstanding the foregoing, Welltower may include any such Leased Facility so excluded in a Subsequent Closing, so long as the relevant Title Objection is eliminated or modified on or before the date that is ten (10) Business Days prior to such Subsequent Closing.
