Title Approval. Seller, at Seller’s expense, will provide to Buyer within 14 days after the effective date of this agreement: (a) a current title insurance commitment in the amount of the total purchase price showing title to the property to be good and indefeasible and vested solely in Seller. Buyer will have 7 days from the date of receipt of the title commitment (and from any subsequent amendments or supplement) to object to any exceptions shown by giving written notice to Seller. Provided that any matter not objected to by Buyer within the 5-day period shall be deemed to be acceptable to Buyer ("Permitted Exceptions"). Seller may, but is not obligated to, cure the title objections. If Seller has not cured the title objections to Buyer's reasonable satisfaction within 5 days from the date the objections are disclosed or if Seller elects not to cure the objections, then Buyer will have as its sole options the right to either terminate this agreement and obtain a return of xxxxxxx money or waive the objections and consummate the purchase of the property subject to the objections, all of which will be deemed Permitted Exceptions. Failure by Buyer to terminate this agreement within 5 days after Seller's 5 day cure period constitutes Buyer's waiver of any objections, and the uncured objections will be deemed “Permitted Exceptions”.
Appears in 4 contracts
Samples: Real Property Purchase Agreement, Real Property Purchase Agreement, Real Property Purchase Agreement
