Title Objection Period has the meaning specified in Section 1.6(b)(i).
Title Objection Period means a period commencing on the first day following receipt by Buyer of the Survey, the Commitment, the Reports and the Title Documents and ending ten (10) days thereafter. All matters shown on the Survey and exceptions listed in the Commitment or the Reports which are not objected to by Buyer within the Title Objection Period, shall be conclusively deemed to be acceptable to Buyer.
Title Objection Period means the period beginning on the Signing Date and ending at 5:00 p.m., Fulton, New York time, on February 19, 2019.
Examples of Title Objection Period in a sentence
All matters shown on the Survey and exceptions listed in the Commitment or the Reports which are not objected to by Buyer within the Title Objection Period, shall be conclusively deemed to be acceptable to Buyer.
Except for Monetary Liens, such items to which Buyer does not object within the Title Objection Period, shall be deemed to be Permitted Exceptions.
If Purchaser fails to deliver Purchaser's Title Notice to Seller prior to the expiration of the Title Objection Period, all of the matters shown on the Survey and all of the exceptions listed in the Title Report shall be conclusively deemed to be acceptable to Purchaser.
If Purchaser delivers Purchaser's Title Notice to Seller prior to the expiration of the Title Objection Period, all of the matters shown on the Survey and all of the exceptions listed in the Title Report other than Purchaser's Title Objections shall be conclusively deemed to be acceptable to Purchaser.
During the Title Objection Period, Purchaser may deliver to Seller its objections in writing to any liens, encumbrances and other matters reflected by the Title Commitment or the Survey (any such matters to which Purchaser so objects, the “Objection Matters”).
More Definitions of Title Objection Period
Title Objection Period has the meaning set forth in Section 20.6(b)(iii). “Title Policy” has the meaning set forth in Section 21.12(a).
Title Objection Period has the meaning set forth in Section 6.18(c).
Title Objection Period means a period commencing on the first (1st) day following Seller's delivery to Buyer of the last of the Survey, Commitment and Title Documents and ending twenty (20) days thereafter. All matters shown on the Survey and exceptions listed in the Commitment which are not objected to by Buyer by delivery of written notice to Seller within the Title Objection Period shall be conclusively deemed to be acceptable to Buyer. In the event Buyer timely objects to any title exception or Survey matter which would materially impair the ability of Buyer to utilize the Real Estate as a banking facility ("Title Objection"), Seller may, but shall not be obligated to, cure such Title Objection; provided, however, that if Seller is able and willing to eliminate or cure such Title Objection, Seller shall notify Buyer in writing of such fact ("Seller's Title Notice") within ten (10) days following the Title Objection Period ("Seller's Notice Period"), in which case the limitation or curing by Seller of the Title Objections shall be complete to the satisfaction of Buyer on or before the Closing Date. In the event Seller does not deliver Seller's Title Notice to Buyer within Seller's Notice Period, Buyer is deemed to be notified that Seller is unable or unwilling to cure the Title Objections. In the event Seller (A) does not deliver Seller's Title Notice, or (B) notifies Buyer that Seller is unable or unwilling to cure any Title Objection, Buyer shall be deemed to have waived the Title Objections unless within ten (10) days following the expiration of Seller's Notice Period, Buyer delivers to Seller written notice terminating its obligation to purchase the Real Estate. As used in this Agreement, the term "Permitted Exceptions" shall mean all title exceptions or Survey matters which would not materially impair the ability of Buyer to utilize the Real Estate as a banking facility, and all matters either shown on the Survey or listed in the Commitment to which Buyer does not raise a Title Objection within the Title Objection Period, or, having objected, Buyer waives or is deemed to have waived in accordance with the provisions of this Section 4.10(b). Seller shall, at its sole cost and expense, provide to Buyer the basic Title Policy, reflecting only the Permitted Exceptions, as soon as practicable after the Closing Date. An endorsement to the Title Policy amending the Survey exception, if any, shall be at Buyer's sole cost and expense.
Title Objection Period has the meaning specified in Section 2.3(b)(i).
Title Objection Period means a period commencing on the first day following Seller's delivery to Purchaser of the Survey, Commitment and Title Documents and ending ten (10) days thereafter. All matters shown on the Survey and exceptions listed in the Commitment which are not objected to by Purchaser by delivery of written notice to Seller within the Title Objection Period shall be conclusively deemed to be acceptable to Purchaser. In the event Purchaser timely objects to any title exception or Survey matter ("Title Objection"), Seller may but shall not be obligated to, cure such Title Objection. In the event Seller notifies Purchaser that Seller is unable or unwilling to cure any Title Objection, Purchaser shall be deemed to have waived the Title Objections unless within five (5) days following such notice, Purchaser delivers to Seller written notice terminating this Agreement. Notwithstanding anything herein to the contrary, in the event that Purchaser's right to terminate this Agreement pursuant to any provision of this Section 5.1 has not expired prior thereto, it shall expire upon expiration of the Inspection Period. As used in this Agreement, the term "Permitted Exceptions" shall mean all matters either shown on the Survey or listed in the Commitment to which Purchaser does not raise a Title Objection within the Title Objection Period or, having objected, Purchaser waives or is deemed to have waived in accordance with the provisions of this Section 5.1.
Title Objection Period shall have the meaning ascribed in Section 7(b) hereof.
Title Objection Period as defined in Section 4.2.1.