Common use of New Title Matters Clause in Contracts

New Title Matters. New Title Matters," as such term is used ----------------- herein, shall mean only the following matters to the extent the same are not caused by Purchaser: (i) new matters which affect the title to the Land which were not set forth on the Title Commitment or the Survey, and (ii) any form of litigation or bankruptcy which is commenced or filed against Seller. At such time as either Seller or Purchaser gains actual knowledge of a New Title Matter, the party gaining such knowledge shall give the other written notice of the such new matter, providing such reasonable detail regarding such matters as may then be available. If at any time any New Title Matters arise, the existence of such New Title Matters shall constitute a defect in the title of the Land which may be objected to by Purchaser in accordance with the provisions of Section 3(d) except that Purchaser's time period to review and object to or accept any New Matter shall be ten (10) days after giving or receipt of notice of the New Matter(s).

New Title Matters. New Title Matters," as such term is used ----------------- herein, herein shall mean only the following matters to the extent the same are not caused by Purchaser: (iI) new matters which affect the title to the Land which were not set forth on the Title Commitment or the Survey, and (ii) any form of litigation or bankruptcy which is commenced or filed against Seller. At such time as either Seller or Purchaser gains actual knowledge of a New Title Matter, the party gaining such knowledge shall give the other written notice of the such new matter, providing such reasonable detail regarding such matters as may then be available. If at any time any New Title Matters arise, the existence of such New Title Matters shall constitute a defect in the title of the Land Real Property which may be objected to by Purchaser in accordance with the provisions of Section 3(d) except that Purchaser's time period to review and object to or accept any New Matter shall be ten (10) days after giving or receipt of notice of the New Matter(s).