Common use of Off-Record Title Clause in Contracts

Off-Record Title. Seller must deliver to Buyer, on or before Off-Record Title Deadline, true copies of all existing surveys in Seller’s possession pertaining to the Property and must disclose to Buyer all easements, liens (including, without limitation, governmental improvements approved, but not yet installed) or other title matters (including, without limitation, rights of first refusal and options) not shown by public records, of which Seller has actual knowledge, if any (“Off-Record Matters”). ▇▇▇▇▇ has the right to inspect the Property to investigate if any third party has any right in the Property not shown by public records. Buyer has the Right to Terminate or Object under this Section, on or before the on or before Off- Record Title Objection Deadline, subject to the provisions of Article Five below. If Seller does not receive Buyer’s Notice to Terminate or Object under this Section by the Off- Record Title Objection Deadline, Buyer accepts title subject to such rights, if any, of third parties of which Buyer has actual knowledge.

Off-Record Title. Seller must deliver to Buyer, on or before Off-Record Title Deadline, true copies of all existing surveys in Seller’s possession pertaining to the Property and must disclose to Buyer all easements, liens (including, without limitation, governmental improvements approved, but not yet installed) or other title matters (including, without limitation, rights of first refusal and options) not shown by public records, of which Seller has actual knowledge, if any (“Off-Record Matters”). ▇▇▇▇▇ has the right to inspect the Property to investigate if any third party has any right in the Property not shown by public records. Buyer has the Right to Terminate or Object under this Section, on or before the on or before Off- Record Title Objection Deadline, subject to the provisions of Article Five Six below. If Seller does not receive Buyer’s Notice to Terminate or Object under this Section by the Off- Record Title Objection Deadline, Buyer accepts title subject to such rights, if any, of third parties of which Buyer has actual knowledge.