Common use of Title Commitment and Survey Clause in Contracts

Title Commitment and Survey. Seller shall obtain, at Seller's sole cost and expense, and deliver to Purchaser the title commitment on or before the expiration of ________ (___) business days after the Effective Date. Purchaser may obtain, at Purchaser's sole cost and expense, the Survey. Purchaser shall deliver a copy of the Survey, if any, to Seller promptly upon Purchaser's receipt of the Survey. In the event the Survey or the Title Commitment shows any matters that are reasonably unacceptable to Purchaser, Purchaser shall within three (3) business days after its receipt of the last of the title commitment and Survey (or receipt of the title commitment if Purchaser elects not to obtain a Survey) notify Seller of any such objections (and if no such objections are so made, title and Survey (if any) will be deemed acceptable for all purposes hereof).

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement

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Title Commitment and Survey. Seller shall obtain, at Seller's sole cost and expense, and deliver to Purchaser the title commitment on or before the expiration of ________ (___( ) business days after the Effective Date. Purchaser may obtain, at Purchaser's sole cost and expense, the Survey. Purchaser shall deliver a copy of the Survey, if any, to Seller promptly upon Purchaser's receipt of the Survey. In the event the Survey or the Title Commitment shows any matters that are reasonably unacceptable to Purchaser, Purchaser shall within three (3) business days after its receipt of the last of the title commitment and Survey (or receipt of the title commitment if Purchaser elects not to obtain a Survey) notify Seller of any such objections (and if no such objections are so made, title and Survey (if any) will be deemed acceptable for all purposes hereof).

Appears in 1 contract

Samples: Purchase and Sale Agreement

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