Buyer’s Title Objections. On or before twenty (20) days prior to the Due Diligence Deadline, Buyer shall provide Seller with written notice of any objections to matters disclosed on the Title Commitment and/or the Survey (“Title Objections”). The period for Buyer to provide Title Objections shall hereinafter be referred to as “Title Review Period”. Any items noted on the Title Commitment or Survey to which Buyer does not provide the Title Objections during the Title Review Period (i.e., on or before the 20th day preceding the Due Diligence Deadline) will be deemed to be Permitted Exceptions (as defined in Section 8.B.). If Buyer provides Title Objections within the Title Review Period, then within five (5) business days (“Seller’s Title Response Period”) Seller may notify Buyer in writing (“Seller’s Title Response Notice”) of the Title Objections which Seller agrees to satisfy on or prior to the Closing, at Seller’s sole cost and expense, and of the Title Objections that Seller cannot or will not satisfy. (If Seller does not provide a Seller’s Title Response Notice, then it shall be recognized and agreed that Seller will not satisfy the Title Objections, except for the Required Removal Items). Notwithstanding any other provisions of this Purchase Agreement, Seller will, in any event, be obligated to cure those Title Objections that are (i) monetary liens against the Property or (ii) other encumbrances that have been placed against the Property by Seller after the Title Objections are provided and that will not otherwise be satisfied on or before the Closing ((i) and (ii) collectively, the “Required Removal Items”). If Seller will not cure the Title Objections to Buyer’s satisfaction prior to the Due Diligence Deadline, Buyer may either (i) terminate this Purchase Agreement by giving written notice of termination to Seller, whereupon Buyer will be entitled to a return of any Xxxxxxx Money paid herein and this Purchase Agreement will be terminated without any obligations surviving hereunder, except those expressly stated to survive early termination or (ii) elect to proceed to Closing (with no reduction in Purchase Price), in which case Buyer will be deemed to have waived such Title Objections and such Title Objections will become Permitted Exceptions.
Buyer’s Title Objections. (a) With respect to each Terminal Owned Real Property, within sixty (60) days after delivery by BP Products of the Terminals Title Commitment and the Terminals Survey for such Terminal Owned Real Property (whichever shall be provided later), Buyer shall furnish BP Products written notice with respect to such location setting forth all title defects, Encumbrances (other than Permitted Encumbrances) or other matters (excluding the failure to obtain any third-party consent required under any Real Property Lease, which consents are addressed under other provisions of this Agreement and excluding matters which constitute Permitted Encumbrances) which Buyer requests that BP Products cure (“Terminals Title Defects”). Except as expressly provided for herein, matters shown on the Terminals Surveys or contained in the Terminals Title Commitments to which Buyer does not object within the prescribed sixty (60) day period shall be deemed to be Permitted Encumbrances.
Buyer’s Title Objections. Buyer does hereby withdraw and cancel Buyer’s Title Review Chart and letter dated November 16, 2012, from Xxxx XxXxxx, Senior Real Estate Paralegal, Xxxxxxxx & Xxxxxxxx, LLP, addressed to Seller (“Buyer’s Title Objections”). In no event shall Seller be obligated to respond to Buyer’s Title Objections.
Buyer’s Title Objections. Buyer shall give Seller notice of Buyer's Title Objections with respect to the Property by the Study Deadline (the "Title Objection Notice"). Buyer may not thereafter raise any Title Objections as to matters in existence as of the Title Examination Baseline Date which were not set forth in such Title Objection Notice. Buyer may, [*] Indicates that information has been omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. however, make rundown or update Title Examinations as to matters which arise after the Title Examination Baseline Date, and may raise Title Objections as to any such subsequently occurring matters by delivering a Title Objection Notice with respect thereto at any time up to and including the Closing.
Buyer’s Title Objections. Buyer’s Title Objections is defined in Section 4.3.
