Title Objection Period definition

Title Objection Period has the meaning specified in Section 1.6(b)(i).

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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.
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”).
Any Objection Matters that Seller has expressly elected to cure, remove or insure around prior to the expiration of the Title Objection Period (or that Seller is obligated to cure) shall be designated as “Non-Permitted Exceptions”; provided, however, that in no event shall any lien, encumbrance or other matter created by, through or under Purchaser constitute a Non-Permitted Exception.

More Definitions of Title Objection Period

Title Objection Period has the meaning set forth in Section 6.6(b)(iii).

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 means a period commencing on the date of this Agreement and ending on the date five (5) business days prior to the expiration of the Inspection Period. Any endorsements to the Commitment shall be obtained at Purchaser’s sole cost and expense and Purchaser shall reimburse Seller for the cost of the Commitment at Closing or upon the earlier termination of this Agreement. Purchaser may object to any title or survey matter shown on the Existing Policy, the Existing Survey, the Commitment, and/or the Revised Survey. Other than Monetary Liens (defined below), any title or survey matter (as hereinafter defined) shown on the Existing Survey or Revised Survey or listed in the Commitment or the Existing Policy 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 matter (a “Title Objection”), Purchaser shall provide a copy or copies of any and all documentation relating thereto, and specify in reasonable detail any action required to cure the same. Seller may, but notwithstanding anything in this Agreement to the contrary, shall not be obligated under any circumstances, to remove, or cause to be removed or insured over, at its expense, any Title Objection; provided, however, if Seller is able and willing to cure or remove such Title Objection (which removal shall be deemed to be effected by the issuance of title insurance eliminating or insuring over the effect of such Title Objection in a manner acceptable to Purchaser), Seller shall notify Purchaser in writing within five (5) business days after receipt of Purchaser’s Title Objections (“Seller’s Notice Period”) of such facts (said notice hereinafter called “Seller’s Title Notice”) and in which case the curing or removal of the Title Objection shall be completed on or before the Closing Date (as defined in Section 7.1). In the event Seller does not deliver Seller’s Title Notice to Purchaser within Seller’s Notice Period, Purchaser shall be deemed to be notified that Seller is unable or unwilling to cure or remove the Title Objection. In the event Seller (i) does not deliver Seller’s Title Notice, or (ii) notifies Purchaser that Seller is unable or unwilling to cure or remove any Title Objection, Purchaser shall be deemed to have waived the Title Objection unless within five (5) business days following the expiration of Seller’s Notice Period, Purch...

Title Objection Period has the meaning specified in Section 2.3(b)(i).

Title Objection Period has the meaning set forth in Section 7.27(b).

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.