Examples of Seller Response Period in a sentence
In the event Purchaser (i) does not object to the items reflected in the Commitment, or (ii) fails to give timely written notice of its election to terminate this Agreement following expiration of the Seller Response Period, Purchaser shall be deemed to have expressly approved the Commitment and all matters reflected therein shall be deemed “Permitted Exceptions” under this Agreement, and Purchaser shall take title to the Property at Closing subject to all Permitted Exceptions.
If such Seller declines to attempt to Cure such New Encumbrance or fails to respond to Purchaser’s notice of the same within the Seller Response Period, then Purchaser shall be entitled to terminate this Agreement by written notice to Seller given not more than five (5) days after expiration of the Seller Response Period.
With the exception of the Required Cure Items, if Seller fails to deliver the Seller Response Notice within the Seller Response Period, then Seller shall be deemed to have elected to cure all of the disapproved matters set forth in Buyer’s Title Objection Notice.
If Sellers fail to provide Sellers’ Response within the Seller Response Period, Sellers will be deemed to have elected not to cause Title Insurer to remove or endorse over any such New Exception.
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With the exception of the Required Cure Items, if Seller fails to deliver the Seller Response Notice within the Seller Response Period (or if the Seller Response Notice indicates certain Title Objections which Seller elects to not remove or cure), then Seller shall be deemed to have elected to not cure any of the Title Objections.
With the exception of the Required Cure Items, if Seller fails to deliver the Seller Response Notice within the Seller Response Period, then Seller shall be deemed not to have elected to cure all of the disapproved matters set forth in Buyer’s Title Objection Notice.
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If Seller affirmatively disputes the validity of the Holdback Claim within the Seller Response Period by delivery of written notice of such dispute to Purchaser and Escrow Agent on or before the expiration of the Seller Response Period, Purchaser may then commence litigation in a court of competent jurisdiction located in Xxxxxx County, Texas with respect to all such Holdback Claims (if any) prior to that date that is thirty (30) days after the expiration of the Seller Response Period.
If Seller is unwilling to cure (or is deemed to have elected not to cure) any of the Title Objections, Buyer will have the option to either: (a) waive any Title Objections that Seller is unwilling to cure or is deemed to have elected not to cure; or (b) terminate this Agreement by written notice to Seller sent by 5:00 p.m. on , 2023 (the “Termination Day”), which date is fifteen (15) days after the Seller Response Period expires.