Seller's Response, Xxxxx's Options Sample Clauses

Seller's Response, Xxxxx's Options. If Buyer raises such an objection, Seller shall have the right to extend the Closing Date pursuant to Section 9.5.1 to resolve the title objections. If Seller cures the title objection and is able to deliver insurable title, then the Parties shall proceed to Closing within three (3) business d a y s of Seller’s resolution of the title objection. If, on the other hand, Seller determines that Seller is unable or unwilling, at Seller's sole discretion, to make the title insurable or to obtain an Owner's Policy subject only to the rights of tenants or other parties in possession of the Property, if any, and the Permitted Exceptions, Buyer may elect to: (a) take title to the Property in its then current condition, thereby waiving any title objections, and the Parties shall proceed to Closing on the Closing Date, or within three (3) business days thereafter; or (b) terminate the Agreement and receive a refund of the Deposit pursuant to Section 5.4. Xxxxx's options contained in the previous sentence shall be Xxxxx's sole and exclusive remedies at law or in equity against Seller for Seller's inability or unwillingness to deliver insurable title to the Property; Buyer fully releases Seller as full y set forth in Section 14.
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Seller's Response, Xxxxx's Options. If Buyer raises any title objection, Seller shall have the right to extend the Closing Date pursuant to Section 9.4.1 to attempt to resolve such title objections or terminate this Agreement in accordance with Section 12.4. If Seller chooses not to exercise its right to terminate this Agreement and is able to cure the title objection and is able to deliver insurable title, then the Parties shall proceed to Closing within three (3) business days of Seller's resolution of the title objection. If, on the other hand, Seller determines that Seller is unable or unwilling, at Xxxxxx's sole discretion, to make the title insurable or to obtain an Owner's Policy subject only to the rights of
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