Common use of Sellers' Option to Cure Clause in Contracts

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.