Title Cure Period definition

Title Cure Period shall have the meaning assigned thereto in Section 8.1(d).

Title Cure Period has the meaning specified in Section 11.3.

Title Cure Period means, with respect to any title defect or exception with respect to any Proved Gas Collateral, the date which is 60 days after the date on which the Administrative Agent (or its counsel) has notified the Borrower (or its counsel) of such title defect or exception, or such later date as is acceptable to the Administrative Agent in its sole discretion.

Examples of Title Cure Period in a sentence

• Buyer shall elect to either accept the Property subject to the Permitted Exceptions or terminate the Agreement by written notice to Seller delivered within three (3) business days following the end of the Title Cure Period, and the failure to deliver such election notice shall constitute an election to proceed under clause (a) above.

• If Buyer timely delivers a written objection (a "Title Objection") to any item (other than an Acceptable Encumbrance), then Seller shall have the right but not the obligation to use commercially reasonable diligence to remove, discharge or correct such liens, encumbrances or objections and shall have a period of one hundred twenty (120) days after receipt of the Title Objection (the "Title Cure Period") in which to do so (and if necessary the Closing Date shall be extended to permit such cure).

• If Seller shall be unwilling or unable to remove or discharge such other liens, encumbrances or objections within such Title Cure Period, then Buyer may, at its option, no later than five (5) days after Seller notifies Buyer of Seller's unwillingness or inability, either terminate this Agreement or accept title in its then existing condition without reduction of the Purchase Price.

• In the event that Seller agrees to cure a Title Objection and commences such cure, but the same cannot be cured within the Title Cure Period, the Buyer may, by written notice to Seller, preserve such Title Objection such that the cure of such Title Objection shall be a condition precedent to Buyer’s obligation to close.

• If Seller gives notice, within the Title Cure Period, that Seller will remove any such disapproved Exception on or before the Closing, such Exception shall be deemed removed for purposes hereof, Seller shall be obligated to remove such Exception on or before the Closing, and Seller's failure to remove such exception on or before the Closing shall be a default by Seller hereunder.

More Definitions of Title Cure Period

Title Cure Period is defined in Section 6.8(a).

Title Cure Period has the meaning given such term in Section 5.4(b).

Title Cure Period is defined in Section 3.1 hereof.

Title Cure Period has the meaning given to such term in Section 4.1(c) of this Agreement.

Title Cure Period shall have the meaning set forth in Section 6 of this Agreement.

Title Cure Period following Landlord’s receipt of Tenant’s written objections in which to remove or cure, to Tenant’s reasonable satisfaction, any matters to which Tenant has objected. If Landlord has commenced to cure, and thereafter is diligently pursuing the cure of, such item(s) but such item(s) cannot be cured within the Title Cure Period, Tenant shall, without waiving any of its other rights under this Section, have the unilateral right to extend the Title Cure Period by written notice to Landlord until such time as the cure of such items has been completed or until Tenant, in its sole discretion, determines that the item(s) cannot be cured within a period compatible with Tenant’s intended use of the Property. If Landlord fails to cure such items during the Title Cure Period or Tenant has extended the Title Cure Period and thereafter determines that the item(s) cannot be cured within the extended Title Cure Period. Tenant shall have the right (i) to terminate this Lease by written notice to Landlord within ten (10) days after the expiration of the Title Cure Period (as it may have been extended) or (ii) waive the objection to such matters and proceed with this Lease. Tenant shall have the right to object to any exceptions other than the Permitted Encumbrances (as hereinafter defined) shown on any updated Commitment, Title Document, Landlord’s Report or Survey. If Landlord fails to cure such items. Tenant shall again have the right to terminate this Lease, notwithstanding that the Approval Period (as defined herein) may have expired, or waive the objection. Upon such termination. Landlord shall reimburse Tenant for all of Tenant’s actual title, survey and inspection costs incurred under this Article 4 within thirty (30) days after receipt of an invoice therefor. The time periods for objecting to and curing the additional exceptions and for terminating the Lease shall be the same as

Title Cure Period has the meaning given to such term in Section 4.1(a).