Correction of Title. Seller shall have the right, but not the obligation to cure any objections made by Purchaser pursuant to Section 3.2. Seller shall provide Purchaser with notice within five (5) business days of Purchaser's objection stating whether Seller intends to cure any objection. If Seller elects to cure any objection, Seller shall be allowed thirty (30) days after the making of Purchaser's objections to cure the same and shall diligently proceed and use all reasonable efforts to do so. Pending such cure, the Closing shall be postponed to the extent necessary to accommodate such time period; provided however, Seller shall not be allowed any additional time beyond the originally scheduled Closing Date to discharge or satisfy any mortgage, judgment or other monetary lien set forth on the original Commitment. Upon such cure, the Closing (hereinafter defined) shall be held on the later of (a) the Closing Date and (b) the first business day occurring five (5) days after the date such cure is completed. If Seller elects not to cure any objection or if such cure is not completed within said thirty (30) day period, Purchaser shall have the option to do any of the following:
Appears in 5 contracts
Samples: Agreement of Sale (Balcor Equity Pension Investors Iii), Agreement of Sale (Balcor Equity Pension Investors Iv), Agreement of Sale (Balcor Equity Pension Investors Iii)
