TITLE CURE Sample Clauses
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TITLE CURE. “Title Cure,” as to any particular title matter, means that, at Seller’s expense, Seller causes (A) such title matter to be removed from record title and to no longer affect the Property, (B) subject to Buyer’s approval, the Title Company to provide title insurance over such matter (e.g., by not taking exception for such matter or by providing affirmative coverage over such matter), (C) another cure reasonably satisfactory to Buyer, or (D) a cure agreed to in writing by ▇▇▇▇▇ and Seller. A Title Cure that Seller commits (in writing) to use commercially reasonable efforts to cause at or before Closing is herein called a “Committed Title Cure.” Buyer approves each title exception as to which Seller provides at or before Closing a Title Cure as described in clause (B), (C) or (D) above.
TITLE CURE. 8.1 Upon request, Owner shall make available such abstracts of title and other title records pertaining to the Property which Owner may have to aid GOLD STANDARD in any title searching it may wish to undertake. GOLD STANDARD may, but shall have no obligation to, investigate and cure as it sees fit any defects in title to the Property which Owner fails to remedy after notice by GOLD STANDARD. Owner shall cooperate fully with GOLD STANDARD in the curing of any such title defect, and GOLD STANDARD shall reimburse Owner for Owner's actual expenses resulting from its cooperation in this effort. All expenses incurred by GOLD STANDARD in this effort or incurred by Owner and reimbursed by GOLD STANDARD shall be taken as a credit by GOLD STANDARD against any production royalties payable hereunder to Owner in the same manner as AMR payments.
TITLE CURE. Seller shall have discharged, satisfied or released, on or prior to Closing, at Seller’s sole cost and expense, all Monetary Encumbrances;
TITLE CURE. If Seller notifies Purchaser in writing of Seller’s intention to cure some or all of Purchaser’s title objections, then the cure of those objections which are specified in Seller’s notice prior to the Closing Date shall be a Closing Condition.
TITLE CURE. If a proper objection to title is timely received by Seller from Buyer, Seller shall have forty-five (45) days after receipt of the objection within which to cure such title objection and deliver notice of such cure to Buyer. The Closing shall be postponed if need be in order to allow such cure period. The cure period ends on the earlier of the expiration of the 45-day period or the delivery to Buyer of the notice of cure. Seller shall pay all costs associated with any such cure. If such objection is not cured to Buyer’s reasonable satisfaction, Seller shall not be in default, but Buyer may by notice delivered to Seller on or before the third business day after the end of the cure period, elect to terminate this Agreement, but if not so terminated, this Agreement shall continue in force and the title objection shall thus be waived. Termination of this Agreement shall be Buyer’s exclusive remedy for any uncured defect in title shown on the preliminary title report. Any fees of the Title Company shall be Seller’s sole responsibility in such event. On such
TITLE CURE. 8.1 Upon request, Owner shall make available such abstracts of title and other title records pertaining to the Property which Owner may have to aid Spartan in any title examination it may wish to undertake. Spartan may, but shall have no obligation to, investigate and cure as it sees fit any defects in title to the Property which Owner fails to remedy after notice by Spartan. Owner shall cooperate fully with Spartan in the curing of any such title defect, and Spartan shall reimburse Owner for Owner's actual expenses resulting from its cooperation in this effort. All expenses incurred by Spartan in this effort or incurred by Owner and reimbursed by Spartan shall be taken as a credit by Spartan against any Production Royalties payable hereunder to Owner in the same manner as AMR payments.
8.2 Spartan may cancel and terminate this Agreement within NINETY (90) DAYS of the effective date if it determines after examination of title documents that Owner does not have valid title or ownership of the Property as represented and warranted in Paragraph 1.1 above and the defects in title cannot be cured as provided herein. Upon such termination of this Agreement, all consideration paid by Spartan to Owner upon execution of this Agreement shall be returned and refunded to Spartan and Spartan shall have no further obligations hereunder.