Common use of Subsequent Matters Affecting Title Clause in Contracts

Subsequent Matters Affecting Title. If, for any reason whatsoever, ---------------------------------- the title insurance policy which would otherwise be delivered to Buyer at Closing reflects, as exceptions, any items other than Permitted Exceptions or such Objectionable Items which Buyer has previously elected to accept in accordance with the Section hereof entitled "Title Insurance Commitment", which would materially, adversely affect the then current use of the Property, such items shall, if and only if Buyer shall give written notice thereof to Seller no later than the date of Closing, be deemed "Objectionable Items," and, if Buyer shall so give notice to Seller, then: (a) The Closing shall, at Seller's option, be postponed to the first business day which is at least thirty (30) days after the date previously set for Closing; and (b) The rights and obligations of Buyer and Seller with regard to such Objectionable Items shall be as set forth in the Section hereof entitled "Title Insurance Commitment".

Subsequent Matters Affecting Title. If, for any reason whatsoever, ---------------------------------- including without limitation "Objectionable Items" first appearing of record subsequent to the effective date of the Title Commitment, the title insurance policy which would otherwise be delivered to Buyer at Closing reflects, as exceptions, any items other than Permitted Exceptions or such Objectionable Items which Buyer has previously elected to accept in accordance with the Section hereof entitled "Title Insurance Commitment"Exceptions, which would materially, adversely affect the then current use of the Property, such items shall, if and only if Buyer shall give written notice thereof to Seller no later than the date of ClosingClosing Date, be deemed "Objectionable Items," and, if Buyer shall so give notice to Seller, then: (a) The the Closing shall, at Seller's option, shall be postponed to the first business day which is at least thirty (30) days after the date previously set for Closing, or such earlier date as may be mutually agreed to between Buyer and Seller; and (b) The the rights and obligations of Buyer and Seller with regard to such Objectionable Items shall be as set forth in the Section hereof entitled "Title Insurance Commitment.".