Title Cure Period definition

Title Cure Period has the meaning specified in Section 11.3.

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

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

Title Cure Period is defined in Section 3.1 hereof.

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

Title Cure Period shall have the meaning given to such term in ----------------- Section 4(a)(iii) hereof;

Title Cure Period shall have the meaning set forth in Paragraph 3(b).