Title Issues definition
Examples of Title Issues in a sentence
Following the expiration of the Adjustment Period, Purchaser shall have no right to make any claim related to any Title Issues except to the extent Seller failed to perform as required with respect to a Purchaser's Notice which was timely delivered.
Purchaser may, in its sole discretion, elect to accept a cure of any Title Issues in lieu of requiring SWLIC to repurchase such partnership interests.
SWLIC shall have no responsibility for any claimed Damages in respect of Title Issues under this Section 9.5 not in excess of $50,000.00 in the aggregate for all Properties and if such Damages exceed in the aggregate $50,000.00 as to all Properties, Seller shall be liable to Purchaser only for Damages in excess of such $50,000.00 in the aggregate as to all Properties.
To induce Purchaser to proceed with Closing, Seller shall indemnify, defend and hold Purchaser harmless from and against any and all loss, claim, cost, diminution in value or expense arising in connection with any Title Issues with respect to such Premises, including without limitation, additional costs incurred after the date hereof to further investigate, mitigate or resolve such Title Issues.
Any title issues that such surveys may show shall be added to the “Indemnified Claims” under the Title Issues Indemnity.
In the event of any such objection, the District shall have ten (10) days after receipt of Brings’ notice of the Title Issues to review and evaluate the Title Issues and give written notice to Brings whether or not the District will cure or cause to be removed the Title Issues (“Title Review Period”).
The remedies of this Section 9.5 shall control over the indemnification procedures of Section 9.1(a) above with respect to Title Issues.
In the event SWLIC elects item (d) preceding, such cure shall be completed within a period of forty-five (45) days following the date of SWLIC's response to the Purchaser's Notice; provided that so long as SWLIC is diligently pursuing cure, such period shall be automatically extended for an additional period of up to thirty (30) days in order for SWLIC to complete the cure of the Title Issues.
The Purchaser's Notice shall include a statement of the Damages claimed by Purchaser as to any Title Issues.
If Buyer is not satisfied with issues concerning the Remaining Title Issues or the sanitary sewer line for any reason, then Buyer may terminate the Purchase Agreement on or before January 15, 2006 by sending written notice to Seller, and upon such termination, Buyer shall receive a refund of all ▇▇▇▇▇▇▇ Money, together with interest thereon if any.