Common use of Changes in Title Clause in Contracts

Changes in Title. Buyer shall have the right to object to any change in title occurring after the effective date of the applicable Title Commitment and prior to the Closing, and if Seller elects to cure such objection and Seller cannot cure or satisfy any such objection (or any objection which Seller has previously undertaken to cure or satisfy) by the Closing or if Seller does not agree to cure such objection, Buyer may exercise the option set forth in clause 5.2(b)(i)(1) or 5.2(b)(i)(2) above. The foregoing election is intended to be in addition to ▇▇▇▇▇’s remedies for ▇▇▇▇▇▇’s default hereunder.

Appears in 4 contracts

Sources: Purchase and Sale Agreement (Bogota Financial Corp.), Purchase and Sale Agreement (BayFirst Financial Corp.), Purchase and Sale Agreement (First Northwest Bancorp)

Changes in Title. Buyer shall have the right to object to any change in title occurring after the effective date of the applicable Title Commitment and prior to the Closing, and if Seller elects to cure such objection and Seller cannot cure or satisfy any such objection (or any objection which Seller has previously undertaken to cure or satisfy) by the Closing or if Seller does not agree to cure such objection, Buyer may exercise the option set forth in clause 5.2(b)(i)(1) or 5.2(b)(i)(2) above. The foregoing election is intended to be in addition to B▇▇▇▇’s remedies for S▇▇▇▇▇’s default hereunder.

Appears in 2 contracts

Sources: Purchase and Sale Agreement (Plumas Bancorp), Purchase and Sale Agreement (Plumas Bancorp)

Changes in Title. Buyer shall have the right to object to any change in title occurring after the effective date of the applicable Title Commitment and prior to the Closing, and if Seller elects to cure such objection and Seller cannot cure or satisfy any such objection (or any objection which Seller has previously undertaken to cure or satisfy) by the Closing or if Seller does not agree to cure such objection, Buyer may exercise the option set forth in clause 5.2(b)(i)(1) or 5.2(b)(i)(2) above. The foregoing election is intended to be in addition to ▇▇▇▇▇’s remedies for ▇▇▇▇▇▇’s default hereunder, if such change in title constitutes a Seller default hereunder.

Appears in 1 contract

Sources: Purchase and Sale Agreement (MVB Financial Corp)

Changes in Title. Buyer shall have the right to object to any change in title occurring after the effective date of the applicable Title Commitment and prior to the Closing, and if Seller elects to cure such objection and Seller cannot cure or satisfy any such objection (or any objection which Seller has previously undertaken to cure or satisfy) by the Closing or if Seller does not agree to cure such objection, Buyer may exercise the option set forth in clause 5.2(b)(i)(1) or 5.2(b)(i)(2) above. The foregoing election is intended to be in addition to B▇▇▇▇’s remedies for S▇▇▇▇▇’s default hereunder.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Quaint Oak Bancorp Inc)