Common use of Procedure for Approval of Title Clause in Contracts

Procedure for Approval of Title. During the Inspection Period, Buyer shall review and approve the Title Documents (hereinafter defined) and the Survey (hereinafter defined). If the Title Documents or Survey reflect or disclose any defect, exception or other matter affecting the Property (“Title Defects”) that is unacceptable to Buyer, then prior to the expiration of the Inspection Period, Buyer shall provide Seller with written notice of such Title Defects. Within three (3) business days after receipt of Buyer’s written notice of Title Defects, Seller may, at its sole option, notify Buyer and Escrow Holder, in writing, of Seller’s election to cure or remove any or all of such Title Defects to Buyer’s satisfaction prior to the Close of Escrow, and provide sufficient evidence of Seller’s ability to so cure or remove such Title

Procedure for Approval of Title. During the Inspection Period, Buyer shall review and approve the Title Documents (hereinafter defined) and the Survey (hereinafter defined). If the Title Documents or Survey reflect or disclose any defect, exception or other matter affecting the Property (“Title Defects”"TITLE DEFECTS") that is unacceptable to Buyer, then prior to the expiration of the Inspection Period, Buyer shall provide Seller with written notice of such Title Defects. Within three (3) business days after receipt of Buyer’s 's written notice of Title Defects, Seller may, at its sole option, notify Buyer and Escrow Holder, in writing, of Seller’s 's election to cure or remove any or all of such Title Defects to Buyer’s 's satisfaction prior to the Close of Escrow, and provide sufficient evidence of Seller’s 's ability to so cure or remove such Title