Purchaser's Objections Sample Clauses

Purchaser's Objections. (i) On or before the later of (A) the expiration of the Due Diligence Period and (B) five (5) Business Days after the date upon which Purchaser has received a Title Commitment (the “Initial Objection Date”), Purchaser’s counsel shall notify the Seller Parties’ counsel in writing of any matters shown on the applicable Title Commitment, the Existing Policies or the Existing Surveys that Purchaser believes constitute Material Title Exceptions and/or Mandatory Removal Exceptions. With respect to any matter affecting title first appearing in any update to any Title Commitment or to any Existing Survey, which update is first received by Purchaser’s counsel five (5) Business Days prior to or on or after the Initial Objection Date, Purchaser’s counsel shall notify Seller Parties’ counsel of any such matter that Purchaser believes constitutes Material Title Exceptions and/or Mandatory Removal Exceptions within five (5) Business Days after receipt of such update (such date, the Initial Objection Date and Deferred Objection Date (as defined below) are sometimes referred to herein as the “Objection Date”). Notwithstanding anything herein to the contrary, any objection notice given by Purchaser pursuant to this Section 2.4(b)(i) with respect to any Property owned by a Purchased Entity acquired by Purchaser at the Initial Closing or any Deferred Property, subject to the rights of Purchaser (A) pursuant to the last sentence of this Section 2.4(b)(i) and (B) with respect to Title Commitment Updates contained in Section 2.4(b)(ii), shall be given prior to the Initial Closing Date. If Purchaser fails to give an objection notice pursuant to this Section 2.4(b)(i) with respect to any matter shown in any Title Commitment (or any update thereto), Existing Policy, or Existing Survey (or update thereto) on or before the applicable Objection Date, Purchaser shall be deemed to have irrevocably waived its right to object to such matter as a Material Title Exception or Mandatory Removal Exception, provided, that if the Objection Date with respect to any Title Commitment (or any update thereto), Existing Policy, or Existing Survey (or update thereto) occurs after the date of the Initial Closing Date, no such waiver will be deemed to have occurred until the 12:00 a.m. (Eastern Time) on the day immediately following such Objection Date.
AutoNDA by SimpleDocs
Purchaser's Objections. Purchaser shall have forty-five (45) days after the later to occur of (i) execution of this Agreement or (ii) receipt of all of the following: (a) the Title Commitment, (b) the Survey, and
Purchaser's Objections. Purchaser shall have the right at any time on or before the expiration of the Contingency Period to terminate this PSA if, during the course of Purchaser’s due diligence investigations of the Property, Purchaser determines that the Property is not acceptable to Purchaser.
Purchaser's Objections. Within seven (7) days after receiving all of (i) the Title Commitments, (ii) Surveys, and (iii) copies of any documents listed in Schedule B of the Title Commitments for the Facilities, Purchaser shall make any written objections to title it may have ("Objections"). Purchaser's failure to make Objections within such time period will constitute a waiver of Objections with respect to matters disclosed in Schedule B of the Title Commitment (and any Survey heretofore delivered to Purchaser).
Purchaser's Objections. Purchaser has received from Seller copies of the Existing Title Commitment and the Current Survey. Purchaser may object (i) to any matter disclosed in the Existing Title Commitment or the Current Survey that constitutes a Valid Objection by giving notice thereof to Seller prior to 5:00 P.M. local Atlanta, Georgia time, on November 17, 2016 (the "First Title Notice"), and (ii) to any title matters first appearing of record after the effective date of the Existing Title Commitment and to any matters first appearing on the Real Property after the field work date of the Current Survey and revealed by any update to the Current Survey, in each case that constitute Valid Objections, by giving notice thereof to Seller any time after the First Title Notice and prior to the Closing Date (any such notice, a "Subsequent Title Notice"). Purchaser shall be deemed not to have objected to any matters of title and survey of which Purchaser fails to give Seller timely notice in accordance with this Section 3.4(a), and any such matters shall constitute Permitted Exceptions.
Purchaser's Objections. Within one (1) day after receiving the last of the Title Evidence, Purchaser shall make written objections (the “Objections”) to the form and/or contents of the Title Evidence. Purchaser’s failure to make Objections within such time period will constitute a waiver of Objections, or the parties may address Objections at Closing. Any matter shown on the Title Evidence and not objected to by Purchaser shall be a Permitted Exception hereunder. Seller will have ninety (90) days after receipt of the Objections to cure the Objections, during which period the Closing will be postponed as necessary. Seller shall use its best efforts and expend reasonable resources to correct any Objections. If an Objection results from a lien, judgment or other monetary obligation that can be satisfied by the payment of money, Purchaser shall have the right to apply a portion of the cash payable to Seller at the Closing to satisfaction of such Objection and the amount so applied shall reduce the amount of cash payable to Seller at the Closing. If the Objections are not cured within said ninety (90) day period, Purchaser will have the option to do either of the following:
Purchaser's Objections. Purchaser shall, within 30 days after receiving the revised Closing Statement pursuant to Section 2.6(b), complete its review of the revised Closing Statement. If Purchaser disputes Sellers’ determination of the Net Working Capital Amount, as set forth in the revised Closing Statement, Purchaser will so notify Sellers, on or before the last day of that 30 day period, in writing (the “Purchaser’s Objection”). That notice will set forth a specific description of the basis of Purchaser’s Objection and the adjustments to the applicable amounts in the revised Closing Statement that Purchaser believes should be made. If Purchaser does not deliver a Purchaser’s Objection within that 30 day period, the Net Working Capital Amount in the revised Closing Statement shall be conclusive and binding on the Parties.
AutoNDA by SimpleDocs
Purchaser's Objections. Purchaser shall be allowed ten (10) days after receipt of said title insurance commitment and said survey for the examination thereof and the making of any objections to the marketability of title, such objections must be made in writing within that 10-day period or all objections are deemed to be waived. If any objections are so made, Seller shall be allowed sixty (60) days to make such title marketable. If such defects are cured within said sixty (60) day period, Purchaser shall be notified in writing of the curing of said defects, and Purchaser then shall be allowed ten (10) days after receipt of such notice to perform in accordance with the terms of this Agreement. If such title is not marketable and not made so within said sixty (60) day period and Purchaser does not waive, by written notice given to Seller within ten (10) days after the end of said sixty (60) day period, the curing of said defects, this Agreement shall be null and void, in which event neither Purchaser nor Seller shall be liable for damages hereunder to the other. If Purchaser elects to waive said objections, it shall be allowed ten (10) days after it so notifies Seller to perform in accordance with the terms of this Agreement.
Purchaser's Objections. Seller's Cure---------------------------8 6.04 Title Policy----------------------------------------------------9
Purchaser's Objections. SELLER'S CURE. Other than those title exceptions ("Permitted Exceptions") applicable to Phase I and Phase II set forth in Schedule 6.03 attached hereto and made a part hereof, which shall include the Allocable Share Agreement set forth in Paragraph 7.24 and 8.08 hereof, and exceptions caused by or claimed under or through Seller that will be removed at the applicable Phase Closing (as hereinafter defined) if (i) the Commitment reveals any other matters or exceptions ("Title Defects"), or (ii) the Survey reveals any defects which affect the marketability of the applicable Phase or are deemed objectionable by Purchaser ("Survey Defects"), Purchaser shall notify Seller, in writing, of the same within fifteen (15) days following the date of delivery to Purchaser of the last of the Commitment and Survey ("Defects
Time is Money Join Law Insider Premium to draft better contracts faster.