Review of Title Documents. Prior to the execution or recordation of any documents effecting title to any property, said document shall be reviewed by the Port. Consultant shall not execute or record (or make to be executed or recorded) any such document prior to the Port’s review and approval.
Review of Title Documents. Prior to the execution or recordation of any documents effecting title to any property, said document shall be reviewed by the CITY. The CONSULTANT shall not execute or record (or make to be executed or recorded) any such document prior to the CITY’s review and approval.
Review of Title Documents. A. Review Period. Purchaser shall have fifteen (15) days (the "Review Period") after Purchaser's receipt of the last of (i) the survey, (ii) the Title Commitment, (iii) the Title Documents, and (iv) all other documents required to be furnished by Seller as identified on Addendum A, PERSONAL PROPERTY, and/or on Addendum C, INSPECTION, to review them. If Purchaser has objections to the Survey, Title Commitment or Title Documents, Purchaser may deliver the objections to Seller in writing during the Review Period. Any item to which Purchaser does not object shall be deemed a "Permitted Exception." Items that the Title Company identifies as to be released at closing will be deemed objections by Purchaser. Purchaser's failure to object within the time provided shall be a waiver of the right to object. If there are objections by Purchaser, or a third party lender, Seller shall make a good faith attempt to satisfy the objections within ten (10) days after receipt of Purchaser's objections (the "Cure Period"), but Seller is not required to incur any cost to do so. Zoning ordinances and the lien for current taxes are deemed to be Permitted Exceptions.
Review of Title Documents. The Purchaser shall be allowed twenty (20) days after receipt of the Title Documents for examination thereof and the making and delivering of any written objections to the condition of title. If no title objection is made within such period, any objection shall be deemed to have been waived by the Purchaser. If there is a written objection to the condition of title to the Cary Property and such objection is made by the Purchaser within said twenty (20) day period, the Shareholder shall use commercially reasonable efforts, at its sole cost and expense, to cure said title objections within thirty (30) days after said objections have been raised by the Purchaser. If the Purchaser's title objections are not cured or endorsed over to the Purchaser's reasonable satisfaction within such thirty (30) day period, then the Purchaser shall have the right for a period of five (5) business days following the termination of such thirty (30) day cure period, (i) to terminate this Agreement by giving written notice of termination to the Shareholder, or (ii) if there is a title objection that can be stated in monetary terms, and if the Shareholder and the Purchaser mutually agree to such monetary terms, the Purchaser may accept the title objection and the Purchase Price shall be reduced by the mutually agreed upon amount. If the Purchaser does not exercise its right to terminate or if the parties cannot agree upon a reduction of the Purchase Price, the Purchaser shall be deemed to have waived all such uncured objections to the condition of title disclosed by the Title Documents. The title matters approved or deemed approved by the Purchaser pursuant to this Section 5.14(b) are referred to as "PERMITTED EXCEPTIONS").
Review of Title Documents. Buyer shall have ten (10) business days following receipt of the PTR within which to notify Seller, in writing, of Buyer's disapproval of any exception to title disclosed in the PTR. In the event the PTR is supplemented ("Supplemental PTR") by the Title Insurer, Buyer shall have five (5) business days after its receipt by Buyer of such Supplemental PTR, within which to approve or disapprove any new matters disclosed in the Supplemental PTR. In the event Buyer disapproves a matter disclosed in the Title Documents that Seller declines to cure and that Buyer declines to waive, the Escrow shall be cancelled with respect to the Property upon written notice by either Party to the Escrow Holder and the other Party. Upon any such cancellation of Escrow, each Party shall pay one-half of the Escrow cancellation charges.
Review of Title Documents. First American Title Insurance Company, Attn: Xxxx Xxxxx (the “Title Company”) shall deliver to Buyer, within two (2) business days after the Effective Date, a preliminary title report for the Land (the “Preliminary Report”), together with copies of all underlying documents and a plotting of easements. Buyer shall have until the expiration of the Contingency Period to review and approve the Preliminary Report. Unless Buyer gives Seller and Escrow Holder written notice of Buyer’s disapproval of any exception set forth in the Preliminary Report prior to the expiration of the Contingency Period, Buyer shall be deemed to have approved of the Preliminary Report. If Buyer timely gives written notice to Seller and to Escrow Holder of Buyer’s disapproval of any exception set forth on the Preliminary Report, then this Agreement shall terminate.
Review of Title Documents. Buyer shall have fifteen (15) days from Buyer's receipt of the Title Documents in which to examine the Title Documents and to specify to Seller those items reflected therein which Buyer will accept as permitted exceptions to title ("Permitted Exceptions"), and those items which Buyer reasonably finds objectionable and for which Escrow Agent is unwilling to provide a reasonable endorsement for ("Title Objections"). If Buyer does not deliver to Seller a written notice ("Buyer's Title Objection Notice") specifying those items which are Permitted Exceptions and those items which are Title Objections within the above-stated fifteen (15) day period, then all of the items reflected on the Title Report shall be considered to be Permitted Exceptions. Buyer and Seller hereby agree that (i) all non-delinquent property taxes and assessments and (ii) all matters created by or on behalf of Buyer, including without limitation, any documents or instruments to be recorded as part of any financing for the acquisition of the Property by Buyer, shall constitute "Permitted Exceptions" hereunder.
Review of Title Documents. (a) First American Title Insurance Company, (the “Title Company”) shall deliver to Buyer, within two (2) business days after the Effective Date, a preliminary title report for the Land (the “Preliminary Report”), together with copies of all underlying documents. Buyer shall have until February 27, 2009 (the “Title Review Period”) within which to object in writing to Seller and Escrow Holder as to any matters affecting title shown on the Preliminary Report or that would be disclosed by an inspection of the Property (the “Objections”), it being agreed that the Purchase Price is based upon free and clear title subject to the following (the “Permitted Title Exceptions”):
Review of Title Documents. Prior to the execution or recordation of any documents effecting title to any property, said document shall be reviewed by the PUD. Consultant shall not execute or record (or make to be executed or recorded) any such document prior to the PUD’s review and approval.
Review of Title Documents. Following execution of this Agreement, Land Trust will request from Escrow Holder a preliminary title report (the “Title Report”) for the Property, and legible copies of all documents referenced as exceptions in the Title Report. Land Trust will have 60 days following either (i) Land Trust’ receipt of the Title Report or (ii) the Agreement Date, whichever is later, to notify Donor in writing of any objections or requested subordinations Land Trust might have regarding any exceptions to title shown in the Title Report. Land Trust’ failure to object to or to request subordination of any title exception shown in the Title Report in writing within the time stated above will be deemed an approval of the quality of title reflected in the Title Report. Donor will have 10 business days following notice from Land Trust of any objection to title or requested subordination to notify Land Trust in writing of any such objection that Donor does not intend to eliminate from title or of any such requested subordination that Donor does not intend to make. Notwithstanding the foregoing, on or before the Closing Date, Donor will subordinate all monetary liens and exceptions (including, without limitation, mortgages, deeds of trust and financing statements) to the Conservation Easement by means of a subordination document acceptable to Land Trust in Land Trust’ sole discretion, or, at Land Trust’ election, will eliminate any or all monetary liens and exceptions (including, without limitation, mortgages, deeds of trust and financing statements) that appear on title to or affect the Property. The failure of Donor to respond in writing within the time stated will be deemed an agreement by Donor to subordinate all exceptions requested by Land Trust to be subordinated and to eliminate all exceptions requested by Land Trust to be eliminated. If Donor notifies Land Trust that Donor does not intend to subordinate or eliminate an exception for which Land Trust has requested subordination or elimination (other than monetary exceptions, which Donor will subordinate or eliminate, as described above), Land Trust will then have the right, exercisable by sending notice thereof to Donor, to either: (i) terminate this Agreement, and, in the absence of Donor’s breach of this Agreement, neither party will have any further right or obligation with regard to the donation of the Conservation Easement; or (ii) waive, in writing, its objection to that exception and keep this Agreement in effect. The...
