Examples of Objection Matters in a sentence
Failure of Seller to respond in writing within such period shall be deemed an election by Seller not to remove such Title Objection Matters.
With respect to Title Objection Matters received by Seller after the date which is eight (8) Business Days prior to the end of the Due Diligence Period, Seller shall notify Buyer, in writing, at any time prior to the scheduled Closing Date, of its election to adjourn the Closing.
Seller shall be entitled to a reasonable adjournment of the Closing (not to exceed twenty (20) days) for the purpose of the removal of any Title Objection Matters which Seller elects to remove.
Failure of Buyer to respond in writing within such period shall be deemed an election by Buyer to waive such Title Objection Matters and proceed to Closing.
If Seller is willing to cause the cure or removal of any of the Objection Matters, then Seller will so notify Purchaser in writing (the “Objection Notice”) within five Business Days of Seller's receipt of Objection Notice (the “Seller Response Due Date”).
Seller may elect (but shall not be obligated) to remove or cause to be removed any such Title Objection Matters and Seller may notify Buyer in writing within three (3) days after receipt of Buyer’s notice of Title Objection Matters (but, in any event, prior to the end of the Due Diligence Period) whether Seller elects to remove the same.
Seller shall have no obligation to cure Objection Matters except financing liens of an ascertainable amount created by Seller, any exceptions or encumbrances to title which are voluntarily created by Seller after the Signing Date without Purchaser’s consent, failure of Seller to hold fee simple title to the Owned Properties and delinquent ad valorem property taxes and assessments owed by Seller against the Owned Properties.
Notwithstanding anything herein to the contrary, Seller shall be obligated to eliminate at or prior to Closing any mortgages or other monetary liens or encumbrances placed on the Property unless the same were caused by the acts or omissions of Buyer (collectively, the “ Mandatory Cure Items”) without the need for Buyer’s inclusion of such items in the letter to Seller detailing the Title Objection Matters.
Any Objection Matters that Seller has expressly elected to cure, remove or insure around prior to the expiration of the Title Objection Period (or that Seller is obligated to cure) shall be designated as “Non-Permitted Exceptions”; provided, however, that in no event shall any lien, encumbrance or other matter created by, through or under Purchaser constitute a Non-Permitted Exception.
In summary, the following main issues/points have been raised: Objection Matters Raised• Number of houses proposed above the number allocated.• Number of houses necessitates a higher density out of keeping with the village.• Local services cannot support the higher housing numbers.• Environmental impact of demolition and rebuild compared to reuse and re-purpose.• Thames Water advise insufficient infrastructure for above 20 houses for sewerage and water.