Examples of Monetary Objections in a sentence
Seller shall be obligated to cure all Monetary Objections set forth in the Title Commitment, whether or not Purchaser expressly objects thereto in writing.
If Purchaser shall notify Seller of objections to title or to matters shown on the Survey prior to the expiration of the Inspection Period, Seller shall have the right, but not the obligation (except as to Monetary Objections (as defined in this Section 2.3 below)), to cure such objections.
Notwithstanding the foregoing, Seller shall be obligated to release of record without need for objection by Purchaser, any Monetary Objections such that the Monetary Objections shall not appear in the Title Policy (hereinafter defined).
With respect to any objections to title set forth in such notice, Seller shall have the same option to cure and Purchaser shall have the same option to accept title subject to such matters or to terminate this Agreement and receive a return of the Earnest Money as those which apply to any notice of objections made by Purchaser beforethe expiration of the Inspection Period; provided however, Seller shall be obligated to cure any Monetary Objections.
In the event that such Monetary Objections have not been cured at Closing, Buyer shall have the right to cure the same and deduct the reasonable costs of cure from the Purchase Price.