Title Objection Notice Sample Clauses

Title Objection Notice. Buyer shall have the right to deliver to Seller, at least ten (10) business days prior to the expiration of the Due Diligence Period, written notice (the “Title Objection Notice”) of Buyer’s objections (an “Objectionable Matter”) to any matter disclosed by the Title Commitments and the Surveys. The parties agree that notwithstanding Paragraph 20, the Title Objection Notices only need to be delivered to Xxxxx Xxxxxx, Xxx Xxxxx and Xxxx Xxxx otherwise in accordance with Paragraph 20. Buyer may provide separate Title Objection Notices for each separate Property, provided that all such Title Objection Notices must be delivered by the deadline specified above. Seller shall have five (5) business days after receipt of a Title Objection Notice to give Buyer written notice (i) of Seller’s intention to attempt to cure such Objectionable Matter prior to the Closing Date, or (ii) that Seller elects not to attempt to cause such Objectionable Matter to be cured; provided, however, Seller shall have no obligation to cure, or attempt to cure, any Objectionable Matter. If Seller fails to give Buyer notice pursuant to the prior sentence, or if Seller gives Buyer notice under clause (ii), Buyer shall have the right in its sole discretion either to waive in writing all Objectionable Matters that Seller has not elected to attempt to cure and proceed with the Transactions pursuant to this Agreement, or terminate this Agreement pursuant to Paragraph 3(f). If Buyer shall fail to give Seller written notice of Buyer’s election to terminate this Agreement pursuant to the preceding sentence, prior to the expiration of the Due Diligence Period, then Buyer shall be conclusively deemed to have waived all Objectionable Matters that Seller has not elected to attempt to cure and to have waived any right to terminate this Agreement pursuant to this Paragraph 3(c) as a result thereof. If Seller shall give written notice pursuant to clause (i), above, with respect to an Objectionable Matter and this Agreement is not otherwise terminated pursuant to the terms hereof, the Closing shall be extended up to, but not in excess of, five (5) days during which period Seller may attempt to satisfy or remove the Objectionable Matter(s); provided, however, that if Seller satisfies or removes all Objectionable Matters that Seller has elected to attempt to cure, the Closing shall occur within five (5) business days thereafter (but no earlier than the scheduled Closing Date under Paragraph 5(a) of this Agre...
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Title Objection Notice. On or before the Due Diligence Expiration Date, Buyer may give to Seller written notice (the “Title Objection Notice”) of any Title Encumbrance which is not acceptable to Buyer as a Permitted Encumbrance on the title to the Property (the “Title Objection”). Any Title Encumbrance affecting the Property not objected to in the Title Objection Notice from Buyer to Seller shall be deemed to be approved or waived by Buyer and shall be a Permitted Encumbrance. If Buyer fails to provide a Title Objection Notice timely to Seller, then Buyer’s right to object on account of title shall be deemed waived, and all Title Encumbrances shall be Permitted Encumbrances.
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Title Objection Notice. Prior to the Effective Date, Buyer has delivered to Seller a copy of each of the Title Commitments issued by the Title Company identified as Commitment File Numbers: NCS-1032578-01-ATL; NCS-1032578-02-ATL; NCS-1032578-03- ATL; NCS-1032578-04-ATL; and NCS-1034431A-ATL. Buyer shall have the right, on or before January 29, 2021 with respect to Parcel B and February 1, 2021 with respect to the Land and Parcel A, to notify Seller in writing (each notice, a “Title Objection Notice”) of any objection (“Objection”) to any matter disclosed on the Title Commitment, such term will also include objections to matters revealed by the Survey and any exception reported in the Title Commitment. The following matters shall be deemed “Permitted Exceptions” (i) matters created by or with the express written consent of Buyer, (ii) non-delinquent liens for real estate taxes and assessments, and (iii) matters approved by Buyer in writing or deemed approved by Buyer in accordance with this Agreement. Notwithstanding the expiration of the foregoing periods, or the scheduled Closing Date, Buyer shall have an additional 10 Business Days following its receipt of any updates to the Survey or the Title Commitments and legible copies of all documents referenced therein to review and notify Seller of Buyer’s Objections thereto, and the Closing Date shall be extended, if necessary, until the expiration of such 10 Business Day period.
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Title Objection Notice. 10 4.5 Election of Non-Removal............................ 10 4.6 Non-Removal by Seller.............................. 11 4.7
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Title Objection Notice. 4.4.1 Except as provided in Section 5.4, in the event that Purchaser disapproves any items identified as exceptions in the Preliminary Title Report or the ALTA Title Report (in the event that the Title Company has issued an ALTA Title Report prior to the conclusion of the Due Diligence Period) or in any Supplemental Report (collectively, the "LISTED EXCEPTIONS"), Purchaser shall give written notice of disapproval to Seller ("TITLE OBJECTION NOTICE"). The Title Objection Notice shall be delivered by Purchaser, if at all, not later than: (a) the conclusion of the Due Diligence Period, with respect to the Preliminary Title Report or ALTA Title Report; or (b) five (5) business days following Purchaser's receipt of the Supplemental Report, with respect to any Supplemental Report. 4.4.2 Purchaser shall be deemed to have approved all Listed Exceptions which are not listed as disapproved by Purchaser in a Title Objection Notice timely delivered by Purchaser to Seller in accordance with Section 4.4.1; provided that: (a) Seller, at its sole cost and expense, shall be required to remove all deeds of trust, mortgages, and assignments of rents and other monetary encumbrances (collectively, the "SELLER MORTGAGES") at or prior to Closing and (b) the Seller Mortgages are automatically deemed to be Objectionable Exceptions and are not required to be listed by Purchaser in the Title Objection Notice. 4.4.3 Except as provided in Section 4.5, in the event that Purchaser timely delivers a Title Objection Notice, Seller shall remove at or prior to the Closing (as hereinafter defined), at Seller's sole cost and expense, all Listed Exceptions which are listed as disapproved by Purchaser in the Title Objection Notice and the Seller Mortgages.
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Title Objection Notice. As defined in Section 5.1.
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Title Objection Notice. Purchaser shall have until the expiration of the forty-fifth (45th) day following the Effective Date in which to examine title to the Property, obtain a title insurance commitment, and to give Seller written notice of title exceptions, WITH TIME BEING OF THE ESSENCE (the “Title Objection Notice”), that render Seller’s title less than good and marketable fee simple title (including, without limitation, any such exceptions revealed by the “Survey” of the Property procured in accordance with Section 3.9 below) (“Objectionable Title Exceptions”). Seller shall have ten (10) days after delivery of the Title Objection Notice and Title Commitment to notify Purchaser in writing of any Objectionable Title Exceptions that Seller shall refuse or be unable to cure prior to Closing (“Seller’s Cure Notice”). Notwithstanding the foregoing, Seller shall be obligated to eliminate any deeds of trust, mortgages, judgment liens, mechanics’ liens, materialmen’s liens and other liens placed on or against the Property that may be satisfied by the payment of a sum certain (“Monetary Encumbrances”), which such Monetary Encumbrances may be satisfied by Seller in connection with the Closing.
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Title Objection Notice. Purchaser notified Seller in writing (the “Title Objection Notice”) on May 31, 2019 (the expiration date of Purchaser’s “Title Review Period”) as to which matters within the Title Commitment and which survey matters disclosed on the Updated Survey are not acceptable to Purchaser (individually, a “Disapproved Title Matter”). Any matter within the Title Commitment and the Updated Survey that Purchaser failed to so disapprove in the Title Objection Notice shall be conclusively deemed to have been approved by Purchaser and shall constitute a “Permitted Exception.” Seller notified Purchaser in writing on June 7, 2019, as supplemented by written notice to Purchaser on June 14, 2019 (collectively, the “Title Response Notice”) regarding whether Seller either (i) agreed to remove each such Disapproved Title Matter from title to the Real Property on or before the Closing, or (ii) declined to remove such Disapproved Title Matter from title to the Real Property. If Seller failed to timely deliver a Title Response Notice as to a particular Disapproved Title Matter, then Seller shall be deemed to have made the election in clause (ii) above as to such Disapproved Title Matter.
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Related to Title Objection Notice

  • Title Objections On or before the expiration of the Inspection Period, herein defined, Purchaser, at Purchaser's expense, may obtain a title commitment issued by Escrow Agent, which shall provide a commitment to insure title to the Real Property on the full-coverage, standard, revised ALTA Owner's Policy of title insurance, Form B (the "Title Commitment") in the amount of the Purchase Price subject, however, to the Permitted Exceptions (to which Purchaser does not object), but without exception as to mechanics or similar liens, free and clear of any and all other mortgages, liens, judgments, leases, encumbrances, parties in possession, licenses, covenants, conditions, restrictions, easements, encroachments and any other matters of any nature affecting the title except as permitted in this Agreement. Within ten (10) days of receipt by Purchaser of the Title Commitment and the Survey, Purchaser shall advise Seller in writing of any objections to the Title Commitment (including any of the Permitted Exceptions) and the Survey and, if no objections are so submitted by Purchaser within the applicable time period, it shall be deemed that the Title Commitment and the Survey are satisfactory, and Purchaser has no objections thereto. If Purchaser does advise Seller in writing of any objections, Seller shall have ten (10) days after the receipt of such statement of objections in which to notify Purchaser as to whether it will cure or remove such objections, Seller having no obligation to do so. If Seller notifies Purchaser that it will not cure or remove such objections, or if Seller is deemed to have elected not to cure such objections, then within ten (10) days after the receipt by Purchaser of such notice from Seller, or upon expiration of such ten (10) day period, Purchaser shall elect to either (i) terminate this Agreement, whereupon this Agreement shall be of no further force and effect, the Xxxxxxx Money shall be returned to Purchaser, and no party hereto shall have any further rights, liabilities or obligations hereunder or (ii) waive such objections to Seller's title. Failure by Purchaser to elect either alternative within such ten (10) day period shall be deemed an election to waive such objections. If Seller sends no notice to Purchaser within said ten (10) days, Seller shall be deemed to have elected not to cure any such title objections.

  • CAFA Notice Pursuant to 28 U.S.C. § 1715, not later than ten (10) days after the Agreement is filed with the Court, the Settlement Administrator shall cause to be served upon the Attorneys General of each U.S. State in which Settlement Class members reside, the Attorney General of the United States, and other required government officials, notice of the proposed settlement as required by law, subject to Paragraph 5.1 below.

  • Notice to Purchaser DO NOT SIGN THIS CONTRACT UNTIL YOU READ IT OR IF IT CONTAINS BLANK SPACES.

  • Termination Notice If either Party, having become entitled to do so, decides to terminate this Agreement pursuant to the preceding Clause 8.2 (a) (i) or 8.2 (a) (ii), it shall issue Termination Notice setting out: (i) in sufficient detail the underlying Force Majeure Event; (ii) the Termination Date which shall be a date occurring not earlier than 60 (sixty) days from the date of Termination Notice; (iii) the estimated Termination Payment including the details of computation thereof and; (iv) any other relevant information.

  • NOTICE TO BUYER Do not sign this agreement before you read it or if it contains any blank spaces. This is a legal instrument. All pages of this contract are binding. Read both sides of all pages before signing. You are entitled to an exact copy of the agreement, school catalog, and any other papers you may sign, and are required to sign a statement acknowledging receipt of those.

  • Response to Objections Each Party retains the right to respond to any objection raised by a Participating Class Member, including the right to file responsive documents in Court no later than five court days prior to the Final Approval Hearing, or as otherwise ordered or accepted by the Court.

  • Dispute Notice If there is a dispute between the parties, then either party may give a notice to the other succinctly setting out the details of the dispute and stating that it is a dispute notice given under this clause 17.1.

  • Legal Action Notice A prompt report of any legal actions pending or threatened in writing against Borrower or any of its Subsidiaries that could result in damages or costs to Borrower or any of its Subsidiaries of, individually or in the aggregate, One Hundred Thousand Dollars ($100,000) or more; and

  • Title Defect (a) In the event Seller receives notice of any Survey Objection or Title Objection (collectively and individually a “Title Defect”) within the time periods required under Sections 6.1 and 6.2 above, Seller may elect (but shall not be obligated) to attempt to remove, or cause to be removed at its expense, any such Title Defect, and shall provide Purchaser with notice within five (5) days of its receipt of any such objection, of its intention to attempt to cure such any such Title Defect. If Seller elects to attempt to cure any Title Defect, the Scheduled Closing Date shall be extended for a period of twenty (20) days for the purpose of such removal. In the event that (i) Seller elects not to attempt to cure any such Title Defect, or (ii) Seller is unable to cure any such Title Defect within such twenty (20) days from the Scheduled Closing Date, Seller shall so notify Purchaser and Purchaser shall have the right to terminate this Agreement pursuant to this Section 6.3(a) and receive a refund of the Xxxxxxx Money Deposit, together with all interest which has accrued thereon, or to waive such Title Defect and proceed to the Closing. Purchaser shall make such election by written notice to Seller within three (3) days after receipt of Seller’s notice. If Seller has elected to cure a Title Defect and thereafter fails to timely cure such Title Defect, and Purchaser elects to terminate this Agreement, then (i) Seller shall reimburse Purchaser for its reasonable out-of-pocket costs and expenses payable to third parties in connection with this transaction incurred after the date on which Seller informed Purchaser of its election to cure the Title Defect, not to exceed the Reimbursement Cap, and (ii) Purchaser shall promptly return Purchaser’s Information to Seller, after which neither party shall have any further obligation to the other under this Agreement except for the Termination Surviving Obligations. If Purchaser elects to proceed to the Closing, any Title Defects waived by Purchaser shall be deemed to constitute Permitted Exceptions, and there shall be no reduction in the Purchase Price. If, within the three-day period, Purchaser fails to notify Seller of Purchaser’s election to terminate, then Purchaser shall be deemed to have waived the Title Defect and to have elected to proceed to the Closing. (b) Notwithstanding any provision of this Article VI to the contrary, Seller shall be obligated to cure exceptions to title to the Property, in the manner described above, relating to liens and security interests securing any financings to Seller, any judgment liens, which are in existence on the Effective Date, or which come into existence after the Effective Date, and any mechanic’s liens resulting from work at the Property commissioned by Seller; provided, however, that any such mechanic’s lien may be cured by bonding in accordance with Pennsylvania law. In addition, Seller shall be obligated to pay off any outstanding real estate taxes that were due and payable prior to the Closing (but subject to adjustment in accordance with Section 10.4 below).

  • Funding Notice Administrative Agent shall have received a fully executed and delivered Funding Notice.

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