Examples of Title Cure Notice in a sentence
Within ten (10) days after Seller receives the Title Objection Notice (the “Seller’s Title Cure Notice Period”), Seller shall notify Buyer in writing whether Seller elects to cause the Title Company to eliminate any Disapproved Exceptions.
If Seller fails to give Purchaser a Title Cure Notice within the Title Response Period, then such failure shall be deemed a Termination Event and the provisions of Section 10.4 shall apply.
Seller’s failure to timely respond to the Title Objection Notice prior to the expiration of Seller’s Title Cure Notice Period shall be deemed Seller’s election not to eliminate the Disapproved Exceptions.
If Buyer shall have timely notified Seller in writing of Objections to the Title Commitments or the Survey, then Seller may, but shall not be obligated to, at any time prior to the expiration of the Inspection Period (the "Cure Period"), give written notice ("Seller's Title Cure Notice") to Buyer of Seller's intention to satisfy the Objections prior to the Closing Date.
If Penn fails to give Purchaser a Title Cure Notice within the Title Response Period, then such failure shall be deemed a Termination Event and the provisions of Section 10.4 shall apply.
Seller additionally agrees to use commercially reasonable efforts to give Purchaser, on or before the end of each calendar week prior to the Defect Deadline (whether before or after Closing), a Title Cure Notice with respect to any alleged Title Defects that have raised by such point in time by Purchaser pursuant to Section 6.1(a) and that Seller intends to attempt to cure pursuant to this Section 6.1(c).
If Seller elects not to eliminate such Disapproved Exceptions, Buyer shall notify Seller in writing on or before 5:00 P.M. Pacific Time on the date that is ten (10) days after the expiration of Seller’s Title Cure Notice Period (the “Buyer’s Title Termination Period”) that Buyer elects either to waive its disapproval or to terminate Escrow.
If Seller shall decide to make no efforts to cure, remove or obtain insurable title over Buyer's objections or is not able or willing to do so within such further Seller's Cure Period, it shall so indicate to Buyer in writing during Seller's Cure Period and Buyer may either (a) waive its objections or (b) terminate this Agreement by written notice to Seller within five (5) days after its receipt of Seller's Title Cure Notice or upon the expiration of Seller's Cure Period, as applicable.
Except for monetary liens and encumbrances, Seller’s failure to deliver Seller’s Title Cure Notice shall constitute Seller’s election not to remove any such exceptions.
Seller’s failure to timely respond to the Title Objection Notice prior to the expiration of the Seller’s Title Cure Notice Period shall be deemed Seller’s election not to eliminate the Disapproved Exceptions.