Examples of Survey Objections in a sentence
Title to the Property shall be conveyed to Purchaser at Closing in fee simple by a Special Warranty Deed (as hereinafter more particularly set forth), free and clear of any and all liens, mortgages, deeds of trust, security interests and other encumbrances, except for those items identified in the owner's title insurance commitment and not contained in the Purchaser's Title and Survey Objections as defined below .
In the event that the Existing Survey or the Updated Survey sets forth any survey matters which are (a) objectionable to Purchaser, and (b) materially interfere with the use of the Real Property and the Improvements for their intended use, Purchaser agrees to provide Seller with notice of such objections (the "Survey Objections") prior to the expiration of the Evaluation Period.
If Buyer fails to notify Seller of its election to terminate this Agreement within three (3) Business Days following receipt of Seller’s Response Notice, then Buyer shall be deemed to have waived such Title and Survey Objections and the same, if any, shall be deemed acceptable to Buyer hereunder.
Prior to giving notice of an election not to cure such Title and Survey Objections, Seller will consult with Buyer in an attempt to resolve such Title and Survey Objections and if the same is reasonably susceptible of being resolved, will cooperate with Buyer at no cost or expense to Seller except for time in resolving such Title and Survey Objections.
Prior to giving notice of an election not to cure Title and Survey Objections, Seller will consult with Buyer in an attempt to resolve such Title and Survey Objections and if the same is reasonably susceptible of being resolved, will cooperate with Buyer at no cost or expense to Seller except for time in resolving such Title and Survey Objections.
If Buyer does not deliver any Title and Survey Objections on or prior to the expiration of the Due Diligence Period, Buyer shall be deemed to have waived its right to object to any title exceptions appearing on the Preliminary Report, Survey and/or UCC Searches (and the same shall not constitute Title and Survey Objections and shall be deemed acceptable to Buyer).
Within five (5) Business Days of receipt of any such notice of Title and Survey Objections as set forth in Section 2.2, Seller shall notify Buyer in writing of Seller’s election to cure, at Seller’s sole expense, such Title and Survey Objections or Seller’s election, in its sole and absolute discretion, not to cure such Title and Survey Objections (“Seller’s Response Notice”).
On or before Thursday, May 5, 2011, Seller shall notify Buyer in writing of Seller’s election to cure, at Seller’s sole expense, any Title and Survey Objections received by Seller on or before May 2, 2011 or Seller’s election, in its sole and absolute discretion, not to cure such Title and Survey Objections (“Seller’s Response Notice”).
Purchaser will be deemed to have accepted the exceptions to title set forth on the Title Commitment (as updated) and the matters shown on the Existing Survey and Updated Survey as permitted exceptions (together with any Title Objections and Survey Objections ultimately waived by Purchaser or cured by Seller, the "PERMITTED EXCEPTIONS") unless such matters are objected to by Purchaser in writing by the Original Objection Date or the New Objection Date, as applicable.
To the extent Buyer provides any Title and Survey Objections on or after May 4, 2011, the Seller shall use its reasonable efforts to provide Seller’s Response Notice with respect to said Title and Survey Objections on or before noon Eastern time on Friday, May 6, 2011.