Sellers' Option to Cure Sample Clauses

Sellers' Option to Cure. Upon Seller's receipt of Purchaser's Survey Objections, Seller may provide written notice to Purchaser on or before November 25, 1997 of any objections it will cure prior to Closing. Provided, however, Seller shall have no obligation to cure or otherwise address any conditions contained in Purchaser's Survey Objections. If Seller elects to cure or otherwise address Purchaser's Survey Objections, but is unable to do so prior to Closing, Seller shall have the right to unilaterally extend the Closing by written notice thereof to Purchaser for up to an additional thirty (30) days, but not later than December 30, 1997. In the event Seller does not provide 6 notice that it will cure or otherwise address Purchaser's Title Objections, or if Seller does not cure or otherwise address Purchaser's Survey Objections in a manner reasonably satisfactory to Purchaser prior to Closing, as the same may be extended by Seller, Purchaser may elect either (and only): (i) to terminate this Agreement pursuant to Section 0 provided such termination occurs by November 26, 1997, or if Seller has given notice that it will cure or address Purchaser's Survey Objections but does not do so, three (3) business days after receiving notice that Seller has not cured or addressed the objections; or (ii) to proceed to Closing notwithstanding Purchaser's Survey Objections, in which case Purchaser shall be deemed to have waived Purchaser's Survey Objections.
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Sellers' Option to Cure. If Buyer timely notifies Sellers in writing of its disapproval of any of the title or survey items furnished to Buyer pursuant to Section 4.1, then Sellers shall, within 10 days after Sellers' receipt of Buyer's notice (such 10 day period referred to herein as the "Cure Period") have the option to satisfy, correct or remove any such title or survey items, obtain title insurance coverage therefor, or provide assurance that such items will be otherwise satisfied, corrected or removed by the Close of Escrow, at Sellers' expense and to Buyer's and Lender's reasonable satisfaction. If, within the Cure Period, Sellers are unable or elect not to eliminate any such item, or provide adequate assurance that it will be eliminated as of the Close of Escrow, Buyer shall have the right to either (a) waive its disapproval of such item or (b) terminate this Agreement. Any items not objected to by Buyer and any items waived by Buyer shall be deemed Permitted Exceptions.
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Sellers' Option to Cure. If the Buyer Parties timely notifies Seller of a Title Objection, Seller shall elect whether or not to cure such Title Objection by taking such action necessary to deliver insurable title and cure such Title Objection by Closing, by notice to Buyer within ten (10) days after receipt of Buyer Parties’ Objection Notice. If Seller does not elect to cure any Title Objection, the Buyer Parties may, upon written notice to Seller given within five (5) business days of Seller’s election notice, either (i) terminate this Agreement in which event this Agreement shall become void and of no further force and effect and the Deposit shall be returned to the Buyer Parties; or (ii) accept such title as Seller can convey without a reduction of the Purchase Price. Seller’s failure to timely respond to Buyer Parties’ Title Objection notice shall constitute Seller’s election to not cure the Title Objections prior to Closing. The Buyer Parties’ failure to respond to Seller’s election not to cure (or failure to respond) shall constitute the Buyer Parties’ election of (ii) above. If Seller shall elect to cure the Title Objections prior to Closing but Seller is unable to do so in accordance with this Agreement at or prior to Closing (as same may have been extended), Buyer Parties’ sole remedy shall be either to accept such title as Seller is capable of conveying or to terminate this Agreement. 7.4.1 卖方的补救选择权。如果买方及时通知卖方有关产权反对意见，卖方应在收到买方反对意见通知后十（10）日内，选择是否采取必要措施补救该产权反对意见，以便交付可投保产权，并在通知买方后，于交割之前补救该产权反对意见。如果卖方没有选择补救任何产权反对意见，在卖方选择通知的五（5）个营业日内，经书面通知卖方后，买方可(i)终止本协议，在这种情况，本协议不再有效，且押金应退还买方；或者(ii)在不降低收购价格的情况下，接受卖方能够转让的产权。若卖方未能及时对买方产权反对意见通知作出回应，将构成卖方选择交割之前不补救产权反对意见。若买方未能对卖方的不补救选择作出回应，将构成买方选择以上第(ii)项。如果卖方选择在交割之前补救产权反对意见，但卖方未能按照本协议或于交割之前完成（可能会被延期），则买方的唯一补救办法是接受卖方能够转让的产权或终止本协议。
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Related to Sellers' Option to Cure

  • Condition to Closing Buyer acknowledges and agrees that the Closing is contingent upon the closing of the IPO, and that if, for whatever reason, the IPO is not completed, the Company shall not be obligated to issue and sell the Restricted Shares and Buyer shall not be required to purchase the Restricted Shares and this Agreement may be terminated in accordance with Section 5(k) below.

  • Conditions to Seller’s Obligation to Close The obligation of the Seller to convey the Property to the Purchaser is subject to the satisfaction of the following conditions precedent on and as of the Closing Date:

  • Additional Conditions to Closing (a) All necessary approvals under federal and state securities laws and other authorizations relating to the issuance of the Acquisition Shares and the transfer of the Shares shall have been received. (b) No preliminary or permanent injunction or other order by any federal, state or foreign court of competent jurisdiction which prohibits the consummation of the Exchange shall have been issued and remain in effect. No statute, rule, regulation, executive order, stay, decree, or judgment shall have been enacted, entered, issued, promulgated or enforced by any court or governmental authority which prohibits or restricts the consummation of the Exchange. All authorizations, consents, orders or approvals of, or declarations or filings with, and all expirations of waiting periods imposed by, any Governmental Body which are necessary for the consummation of the Exchange, other than those the failure to obtain which would not materially adversely affect the consummation of the Exchange or in the aggregate have a Material Adverse Effect on SKYC and its subsidiaries, taken as a whole, shall have been filed, occurred or been obtained (all such permits, approvals, filings and consents and the lapse of all such waiting periods being referred to as the “Requisite Regulatory Approvals”) and all such Requisite Regulatory Approvals shall be in full force and effect. (c) There shall not be any action taken, or any statute, rule, regulation or order enacted, entered, enforced or deemed applicable to the Exchange, by any Governmental Body which, in connection with the grant of a Requisite Regulatory Approval, imposes any material condition or material restriction upon SKYC or its subsidiaries or FDH, including, without limitation, requirements relating to the disposition of assets, which in any such case would so materially adversely impact the economic or business benefits of the Exchange as to render inadvisable the consummation of the Exchange.

  • Seller’s Conditions to Closing The obligations of the Seller under this Agreement shall be subject to the satisfaction, on or prior to the Closing Date, of the following conditions: A. The obligations of the Purchaser required to be performed by it on or prior to the Closing Date pursuant to the terms of this Agreement shall have been duly performed and complied with and all of the representations and warranties of the Purchaser under this Agreement shall be true and correct as of the date hereof and as of the Closing Date, and no event shall have occurred which, with notice or the passage of time, or both, would constitute a default under this Agreement, and the Seller shall have received a certificate to that effect signed by an Authorized Officer of the Purchaser; B. The Seller shall have received, or the Seller's attorney shall have received in escrow, a certificate signed by an Authorized Officer of the Purchaser dated as of the Closing Date, in the form acceptable to the parties hereto, and attached thereto the resolutions of the Purchaser authorizing the transactions contemplated by this Agreement, together with copies of the Articles of Association and by-laws as of a recent date with respect to the Purchaser; and C. The Purchaser will furnish to the Seller such other certificates of its officers or others and such other documents to evidence fulfillment of the conditions set forth in this Agreement as the Seller and its attorney may reasonably request.

  • Buyer’s Conditions to Closing The obligation of Buyer to consummate the Closing is subject to the fulfillment of each of the following conditions (except to the extent waived in writing by Buyer in its sole discretion):