Examples of Title and Survey Review Period in a sentence
During the Title and Survey Review Period, Purchaser shall review title to the Property as disclosed by the Title Commitment and the Survey.
If Purchaser notifies Seller in writing of any Objections prior to the expiration of the Title and Survey Review Period, Seller shall then have a period of five (5) days after its receipt of such notice to (i) use its reasonable efforts to cure the Objections (provided Seller shall have no obligation to cure any of the Objections), or (ii) to notify Purchaser in writing of any Objections Seller cannot or will not cure (the “Cure Notice”).
Title to the Property shall be delivered to Buyer pursuant to the Deed (as defined herein), and Buyer agrees to accept such title subject only to such matters that become Permitted Exceptions pursuant to the process set forth in Section 3.3. 3.3 Title and Survey Review Period.
If Purchaser fails to provide such notice prior to the expiration of the Title and Survey Review Period, Purchaser shall be deemed to have approved and accepted Title and Survey and all matters set forth on Schedule B of the Title Commitment shall be deemed permitted exceptions (referred to as “Permitted Exceptions”), and Purchaser shall accept title to the Real Estate subject to such Permitted Exceptions.
Buyer shall have until expiration of the Inspection Period described in Section 4.1 or ten (10) days after receipt of the ESM Survey described at Section 3.2, whichever is later (the "Title and Survey Review Period"), to advise Seller in writing of any encumbrances, restrictions, easements, or other matters shown in the Preliminary Commitment or ESM Survey (collectively, "Exceptions") to which Buyer objects.
The Preliminary Commitment may be to issue an ALTA Standard Owner's Policy of title insurance as to those portions of the Real Property for which Title Company will not issue an ALTA Extended Owner's Policy for lack of an ALTA survey prior to Closing, subject to Buyer's approval during the Title and Survey Review Period defined below.
During the Title and Survey Review Period, Purchaser shall review title to the Property as disclosed by the Title Commitments and the Surveys.
The Title Policy may be for an ALTA Standard Owner's Policy of title insurance as to those portions of the Real Property for which Title Company will not issue an ALTA Extended Owner's Policy for lack of an ALTA survey prior to Closing, subject to Buyer's approval during the Title and Survey Review Period.
Any exceptions identified in the Title Commitment or Survey to which written notice of objection is not given within such period shall be a “Permitted Encumbrance.” If the Seller is unable or unwilling to correct the Buyer’s title and survey objections within the Title and Survey Review Period, Buyer may terminate this Agreement by written notice to Seller prior to expiration of the Title and Survey Review Period, in which case the Xxxxxxx Money Deposit shall be refunded to Buyer.
During the Title and Survey Review Period, Purchaser shall review title to the Property as disclosed by the Title Commitment and the Survey, and shall notify Seller in writing of any title matters which are unacceptable to Purchaser, in its sole discretion (the “Title Objection Notice”).