Curing Title Clause Samples

The Curing Title clause outlines the process by which a party, typically a seller, is required to resolve or "cure" any defects or issues found in the title to a property before the transaction can proceed. In practice, this may involve actions such as paying off outstanding liens, correcting errors in public records, or obtaining necessary releases or documentation to ensure clear ownership. The core function of this clause is to ensure that the buyer receives a marketable and unencumbered title, thereby reducing the risk of future disputes or claims against the property.
Curing Title. In the event of a Failure of Title under Article IV.B.1. or a loss of title under Article IV.B.2. above, any Lease or Interest acquired by any party hereto (other than the party whose interest has failed or was lost) during the ninety (90) day period provided by Article IV.B.1. and Article IV.B.2. above covering all or a portion of the interest that has failed or was lost shall be offered at cost to the party whose interest has failed or was lost, and the provisions of Article VIII.B. shall not apply to such acquisition.
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Curing Title. In the event of a Failure of Title under Article IV.B.1. or a loss of title under Article IV.B.2. above, any Lease or Interest acquired by any party hereto (other than the party whose interest has failed or was lost) during the ninety (90) day period provided by Article IV.B. I. and Article IV.B.2. above covering all or a portion of the interest that has failed or was lost shall be offered at cost to the party whose interest has failed or was lost, and the provisions of Article VIII.B shall not apply to such acquisition. A. A.P.L. FORM 610 — MODEL FORM OPERATING AGREEMENT- 1989 A. Designation and Responsibilities of Operator:
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Curing Title. Company will review the Title Report, copies of the encumbrances and the Title Review Memorandum provided by Contractor and assess title deficiencies pointed out in the Title Review Memorandum. Company will decide if the title should be cured, if it is acceptable as is, or if the site is not a suitable candidate. Proprietary & Confidential 6 (43) Bechtel Communications & TerreStar Networks Exhibit C Attachment 5 Leasing Guidelines
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Curing Title. Company will review the Title Report, copies of the encumbrances and the Title Review Memorandum provided by Contractor and assess title deficiencies pointed out in the Title Review Memorandum. Company will decide if the title should be cured, if it is acceptable as is, or if the site is not a suitable candidate. If Company elects to cure title deficiencies for a Site, Company may request Contractor to perform title curative work. Contractor will provide a cost quote to perform curative work, which will be subject to Company’s approval.
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Curing Title. In the event that the title shall be found by Purchaser not to be good, marketable and insurable, Seller shall have a reasonable time after notification by Purchaser of the defects within which to make the said title good, marketable and insurable, and shall use reasonable diligence in doing so. At the election of Purchaser, the closing date shall be extended for THIRTY (30) days or until TEN (10) days after the title is cured, whichever is sooner. If said title shall not be made good, marketable and insurable by the extended closing date, then the deposit at Purchaser's direction and option shall be refunded to Purchaser, and Purchaser shall be relieved of all further obligations under this Agreement, or Purchaser may proceed to close with a reduction in the purchase price based upon the actual cost to cure such title defect or defects.
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Related to Curing Title

  • Curing 13.1 Effective curing shall be needed to prevent the loss of moisture from the concrete whilst maintaining a satisfactory temperature regime. The curing regime is to prevent the development of high temperature gradients within the concrete.

  • CURING TENANT'S DEFAULTS If Tenant defaults in the performance of any of its obligations under this Lease, Landlord may (but shall not be obligated to) without waiving such default, perform the same for the account at the expense of Tenant. Tenant shall pay Landlord all costs of such performance promptly upon receipt of a ▇▇▇▇ therefor.

  • Cure If Borrower, Administrative Agent, each L/C Lender agree in writing in their discretion that a Lender is no longer a Defaulting Lender, Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth therein (which may include arrangements with respect to any amounts then held in the segregated account referred to in Section 2.14(a)), (x) such Lender will, to the extent applicable, purchase at par such portion of outstanding Loans of the other Lenders and/or make such other adjustments as Administrative Agent may determine to be necessary to cause the Revolving Exposure and L/C Liabilities of the Lenders to be on a pro rata basis in accordance with their respective Commitments, whereupon such Lender will cease to be a Defaulting Lender and will be a Non-Defaulting Lender (and such exposure of each Lender will automatically be adjusted on a prospective basis to reflect the foregoing); provided that no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of Borrower while such Lender was a Defaulting Lender; and provided, further, that no change hereunder from Defaulting Lender to Non-Defaulting Lender will constitute a waiver or release of any claim of any party hereunder arising from such Lender’s having been a Defaulting Lender, and (y) all Cash Collateral provided pursuant to Section 2.14(a)(ii) shall thereafter be promptly returned to Borrower.

  • Cure Period Prior to any claim for default being made, either the Buyer or Seller will have an opportunity to cure any alleged default. If either Buyer or Seller fails to comply with any provision of this Agreement, the other party will deliver written notice to the non- complying party specifying such non-compliance. The non-complying party shall have calendar days after delivery of such notice to cure the non-compliance.

  • No Material Defaults Neither the Company nor any of the Subsidiaries has defaulted on any installment on indebtedness for borrowed money or on any rental on one or more long-term leases, which defaults, individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect. The Company has not filed a report pursuant to Section 13(a) or 15(d) of the Exchange Act since the filing of its last Annual Report on Form 10-K, indicating that it (i) has failed to pay any dividend or sinking fund installment on preferred stock or (ii) has defaulted on any installment on indebtedness for borrowed money or on any rental on one or more long-term leases, which defaults, individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect.