Title Curative Measures Clause Samples
The Title Curative Measures clause outlines the procedures and actions required to resolve or remedy defects, encumbrances, or issues affecting the legal title to a property. Typically, this clause specifies the timeframe and responsibilities for the seller to clear title problems, such as outstanding liens or recording errors, before the transaction closes. Its core function is to ensure that the buyer receives clear and marketable title, thereby reducing the risk of future disputes or claims related to ownership.
Title Curative Measures. If in North Star's opinion, title to all or part of the Doyon Property is subject to any Permitted Exceptions or any other re▇▇▇▇▇tions, exceptions, exclusions, restrictions, limitations, liens, encumbrances, or claims or interests of third parties, or if in North Star's opinion Doyon does not own or hold the Doyon Property as represented above, t▇▇▇ (in addition to any other r▇▇▇▇▇ which it might have under this Agreement or at law generally) North Star shall have the right to take such action as will produce a title satisfactory to it, at its own expense. Doyon shall bring or join in any administrative proceeding or litigat▇▇▇ ▇elating to the title to any Doyon Property and shall otherwise cooperate fully with North Star in ▇▇▇ title curative efforts hereunder, except that Doyon shall not have any obligation to bring, to join in, or to coope▇▇▇▇ with North Star in any administrative proceeding or litigation relating to a Native allotment conflicting with title to any Doyon Property. North Star shall have the right to set off against th▇ ▇▇▇loration Expenditures requirements set forth in Section 4.2 any and all reasonable amounts expended by it to cure title deficiencies that constitute a breach of Doyon's "by, through or under" warranty described in Section 11.1(c). If North Star acquires Third Party Property as part of such title curative actions, such acquisitions shall be treated as acquisitions within the Expenditure Area.
Title Curative Measures