{"component": "clause", "props": {"groups": [{"samples": [{"hash": "hibZhViS86L", "uri": "/contracts/hibZhViS86L#title-defects", "label": "Purchase Contract", "score": 22.5592060089, "published": true}, {"hash": "gLWssJYVAeY", "uri": "/contracts/gLWssJYVAeY#title-defects", "label": "Purchase Contract", "score": 22.5592060089, "published": true}, {"hash": "eEYVJnuTdsp", "uri": "/contracts/eEYVJnuTdsp#title-defects", "label": "Purchase Contract", "score": 21.7137470245, "published": true}], "snippet_links": [{"key": "the-title-commitment", "type": "clause", "offset": [3, 23]}, {"key": "defect-in-title", "type": "clause", "offset": [43, 58]}, {"key": "permitted-title-exceptions", "type": "definition", "offset": [83, 109]}, {"key": "prior-to-the-closing-date", "type": "clause", "offset": [117, 142]}, {"key": "new-material", "type": "clause", "offset": [146, 158]}, {"key": "supplement-to", "type": "clause", "offset": [202, 215]}, {"key": "buyer-may", "type": "definition", "offset": [324, 333]}, {"key": "notice-to-seller", "type": "clause", "offset": [375, 391]}, {"key": "escrow-holder", "type": "clause", "offset": [396, 409]}, {"key": "discovery-of", "type": "clause", "offset": [456, 468]}, {"key": "pursuant-to-paragraph", "type": "clause", "offset": [491, 512]}, {"key": "in-no-event-shall", "type": "clause", "offset": [523, 540]}, {"key": "the-auction", "type": "definition", "offset": [601, 612]}, {"key": "or-before-the-closing-date", "type": "clause", "offset": [767, 793]}, {"key": "by-written-notice", "type": "clause", "offset": [949, 966]}, {"key": "this-contract", "type": "definition", "offset": [978, 991]}, {"key": "without-liability", "type": "clause", "offset": [1012, 1029]}, {"key": "either-party", "type": "definition", "offset": [1033, 1045]}, {"key": "initial-deposit", "type": "definition", "offset": [1054, 1069]}, {"key": "to-buyer", "type": "definition", "offset": [1088, 1096]}, {"key": "seller-shall", "type": "clause", "offset": [1098, 1110]}, {"key": "the-right", "type": "clause", "offset": [1116, 1125]}, {"key": "to-extend", "type": "clause", "offset": [1149, 1158]}, {"key": "to-attempt-to", "type": "clause", "offset": [1203, 1216]}], "size": 7, "snippet": "If the Title Commitment reveals a material defect in title which is not one of the Permitted Title Exceptions, or if prior to the Closing Date, a new material defect in title is disclosed by an updated supplement to the Title Commitment, which defect is not one of the Permitted Title Exceptions, prior to the Closing Date, Buyer may either waive such defect or give written notice to Seller and Escrow Holder not later than five (5) days from the date of discovery of such defect in title, pursuant to Paragraph 18, which in no event shall be more than twenty (20) days from the date of the close of the Auction. Seller may, at its option, attempt to cure such defect prior to the Closing or decline to cure such defect. If Seller is unable or unwilling to cure, on or before the Closing Date, any material defect as to which Buyer has notified Seller as hereinabove provided and if Buyer does not waive such defect on or prior to the Closing Date by written notice to Seller, this Contract shall be terminated without liability to either party and the Initial Deposit shall be returned to Buyer. Seller shall have the right, at its sole election, to extend the Closing Date by not more than [30] days to attempt to cure any defect in title.", "hash": "fafdb9c6d68b7c82a739c00309a136d6", "id": 9}, {"samples": [{"hash": "gXSmk7ea6hw", "uri": "/contracts/gXSmk7ea6hw#title-defects", "label": "Contribution Agreement (American Real Estate Investment Corp)", "score": 18.0, "published": true}, {"hash": "7CdsElM6lGV", "uri": "/contracts/7CdsElM6lGV#title-defects", "label": "Contribution Agreement (American Real Estate Investment Corp)", "score": 18.0, "published": true}], "snippet_links": [{"key": "the-title-commitment", "type": "clause", "offset": [3, 23]}, {"key": "ucc-searches", "type": "clause", "offset": [29, 41]}, {"key": "exceptions-to-title", "type": "clause", "offset": [109, 128]}, {"key": "permitted-exceptions", "type": "definition", "offset": [140, 160]}, {"key": "does-not-conform", "type": "definition", "offset": [203, 219]}, {"key": "requirements-of-this-agreement", "type": "clause", "offset": [227, 257]}, {"key": "days-after", "type": "definition", "offset": [336, 346]}, {"key": "date-of", "type": "clause", "offset": [351, 358]}, {"key": "receipt-of", "type": "clause", "offset": [373, 383]}, {"key": "notice-to", "type": "clause", "offset": [389, 398]}, {"key": "unpermitted-exception", "type": "definition", "offset": [414, 435]}, {"key": "other-matter", "type": "definition", "offset": [477, 489]}, {"key": "each-case", "type": "definition", "offset": [494, 503]}, {"key": "satisfaction-of", "type": "clause", "offset": [522, 537]}, {"key": "by-acquiror", "type": "clause", "offset": [753, 764]}, {"key": "expiration-of", "type": "clause", "offset": [796, 809]}, {"key": "cure-period", "type": "clause", "offset": [841, 852]}, {"key": "terminate-this-agreement", "type": "clause", "offset": [881, 905]}, {"key": "upon-written-notice", "type": "clause", "offset": [906, 925]}, {"key": "the-\u2587", "type": "clause", "offset": [979, 984]}, {"key": "further-action", "type": "clause", "offset": [1037, 1051]}, {"key": "null-and-void", "type": "definition", "offset": [1080, 1093]}, {"key": "neither-party-shall", "type": "clause", "offset": [1098, 1117]}, {"key": "obligations-under-this-agreement", "type": "clause", "offset": [1145, 1177]}, {"key": "with-respect-to", "type": "clause", "offset": [1186, 1201]}, {"key": "in-sections-12", "type": "clause", "offset": [1228, 1242]}, {"key": "surviving-indemnities", "type": "definition", "offset": [1257, 1278]}, {"key": "title-to-the-properties", "type": "clause", "offset": [1305, 1328]}, {"key": "right-to-deduct", "type": "clause", "offset": [1352, 1367]}, {"key": "the-purchase-price", "type": "clause", "offset": [1373, 1391]}, {"key": "equal-to", "type": "definition", "offset": [1398, 1406]}, {"key": "amount-required", "type": "clause", "offset": [1411, 1426]}, {"key": "liens-or-encumbrances", "type": "clause", "offset": [1440, 1461]}, {"key": "other-rights-and-remedies", "type": "clause", "offset": [1578, 1603]}], "size": 42, "snippet": "If the Title Commitment, the UCC Searches or any Survey (or any revision or update of any of them) discloses exceptions to title other than Permitted Exceptions or any other title or survey matter which does not conform to the requirements of this Agreement, Acquiror shall so notify Contributor and Contributor shall have fifteen (15) days after the date of Contributor's receipt of such notice to have each such unpermitted exception to title removed or to correct each such other matter, in each case to the reasonable satisfaction of Acquiror. If within the time specified Contributor fails to have each such unpermitted exception removed or to correct each such other matter as aforesaid, Acquiror may, at its option, which option must be selected by Acquiror within ten (10) days after the expiration of Contributor's fifteen (15) day cure period described above, either (i) terminate this Agreement upon written notice to Contributor and immediately receive from Escrowee the \u2587\u2587\u2587\u2587\u2587\u2587\u2587 Money, in which event this Agreement, without further action of the partes, shall become null and void and neither party shall have any further rights or obligations under this Agreement, except with respect to the indemnities contained in Sections 12 and 15B (the \"Surviving Indemnities\") or (ii) elect to accept title to the Properties as it then is with the right to deduct from the Purchase Price a sum equal to the amount required to discharge liens or encumbrances of a definite or ascertainable amount. If Acquiror fails to make either such election, and elects not to pursue its other rights and remedies as aforesaid, Acquiror shall be deemed to have elected option (i) above.", "hash": "a50a2f9844befea83896f78d4bdce6aa", "id": 1}, {"samples": [{"hash": "hw68pSCrzzK", "uri": "/contracts/hw68pSCrzzK#title-defects", "label": "Purchase and Sale Agreement (Highwoods Properties Inc)", "score": 18.0, "published": true}, {"hash": "47bmaKBl147", "uri": "/contracts/47bmaKBl147#title-defects", "label": "Purchase and Sale Agreement (Highwoods Realty LTD Partnership)", "score": 18.0, "published": true}, {"hash": "1k4097UOE2w", "uri": "/contracts/1k4097UOE2w#title-defects", "label": "Purchase and Sale Agreement (Highwoods Properties Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "the-commitment", "type": "clause", "offset": [66, 80]}, {"key": "the-surveys", "type": "clause", "offset": [85, 96]}, {"key": "title-to", "type": "clause", "offset": [117, 125]}, {"key": "eastern-time", "type": "clause", "offset": [181, 193]}, {"key": "on-april", "type": "clause", "offset": [194, 202]}, {"key": "in-writing", "type": "clause", "offset": [227, 237]}, {"key": "the-title", "type": "definition", "offset": [250, 259]}, {"key": "notice-of-any", "type": "clause", "offset": [313, 326]}, {"key": "title-objections", "type": "definition", "offset": [475, 491]}, {"key": "this-transaction", "type": "definition", "offset": [503, 519]}, {"key": "timely-written-notice", "type": "definition", "offset": [555, 576]}, {"key": "agreement-or", "type": "definition", "offset": [659, 671]}, {"key": "new-defects", "type": "clause", "offset": [679, 690]}, {"key": "date-of", "type": "clause", "offset": [707, 714]}, {"key": "seller-shall", "type": "clause", "offset": [756, 768]}, {"key": "use-commercially-reasonable-efforts", "type": "clause", "offset": [769, 804]}, {"key": "agrees-to", "type": "clause", "offset": [904, 913]}, {"key": "environmental-liens", "type": "definition", "offset": [982, 1001]}, {"key": "the-property", "type": "clause", "offset": [1011, 1023]}, {"key": "capable-of", "type": "definition", "offset": [1024, 1034]}, {"key": "payment-of-money", "type": "clause", "offset": [1050, 1066]}, {"key": "sole-and-absolute-discretion", "type": "definition", "offset": [1129, 1157]}, {"key": "other-claim", "type": "definition", "offset": [1208, 1219]}, {"key": "at-seller", "type": "definition", "offset": [1250, 1259]}, {"key": "not-to-exceed", "type": "clause", "offset": [1316, 1329]}, {"key": "for-purposes-of", "type": "clause", "offset": [1346, 1361]}, {"key": "additional-time", "type": "definition", "offset": [1402, 1417]}, {"key": "by-seller", "type": "clause", "offset": [1441, 1450]}, {"key": "failure-to-extend", "type": "definition", "offset": [1488, 1505]}, {"key": "as-of-the-closing-date", "type": "clause", "offset": [1605, 1627]}, {"key": "option-to", "type": "clause", "offset": [1865, 1874]}, {"key": "reduction-in", "type": "definition", "offset": [1926, 1938]}, {"key": "the-purchase-price", "type": "clause", "offset": [1939, 1957]}, {"key": "section-92", "type": "clause", "offset": [2079, 2090]}, {"key": "at-the-closing", "type": "definition", "offset": [2189, 2203]}, {"key": "escrow-agent", "type": "clause", "offset": [2361, 2373]}, {"key": "section-113", "type": "clause", "offset": [2404, 2416]}, {"key": "the-deposit", "type": "clause", "offset": [2431, 2442]}, {"key": "interest-earned", "type": "definition", "offset": [2462, 2477]}, {"key": "to-purchaser", "type": "definition", "offset": [2487, 2499]}, {"key": "both-parties", "type": "definition", "offset": [2505, 2517]}, {"key": "obligations-under-this-agreement", "type": "clause", "offset": [2553, 2585]}, {"key": "caused-by", "type": "clause", "offset": [2677, 2686]}], "size": 29, "snippet": "9.1 Purchaser shall have until April 21, 1999 in which to examine the Commitment and the Surveys. If Purchaser finds title to be defective, Purchaser shall, no later than 5:00 p.m. Eastern time on April 21, 1999, notify Seller in writing, specifying the title defect(s). If Purchaser fails to give Seller written notice of any title defect(s) before 5:00 p.m. Eastern time on April 21, 1999, the defects shown in the Commitment or the Surveys shall be deemed to be waived as title objections to closing this transaction.\n9.2 If Purchaser has given Seller timely written notice of defect(s) and the defect(s) render the title other than as represented in this Agreement or if any new defects appear from the date of the Commitment through the Closing Date, Seller shall use commercially reasonable efforts to cause only those defects recorded after October 7, 1997 to be cured by the Closing Date. Seller agrees to remove, by payment, bonding or otherwise, any such lien (other than environmental liens) against the Property capable of removal by the payment of money or bonding. Seller shall not be obligated to (but may, in its sole and absolute discretion) cure any other defect or to buyout or settle any other claim or lien against the Property. At Seller's option, the Closing Date may be extended for a period not to exceed sixty (60) days for purposes of eliminating such title defects. If such additional time is reasonably required by Seller to cure such title defects, Seller's failure to extend the Closing Date shall be commercially unreasonable.\n9.3 If Seller does not eliminate such defects as of the Closing Date, as the same may be extended under the preceding sentence, or if any new \"title defects\" appear between the date of the Commitment through the Closing Date which Seller does not eliminate as of the Closing Date, Purchaser shall have the option to:\n9.3.1 Close and accept the title \"as is,\" without reduction in the Purchase Price and without claim against Seller for such title defects (except for any lien that Seller is required to cure pursuant to Section 9.2 that can be removed by the payment of money or bonding, for which credit shall be given Purchaser at the Closing unless Seller pays the same at the Closing) (and in such event, the Closing shall take place on the Closing Date); or\n9.3.2 Cancel this Agreement, whereupon Escrow Agent, subject to the provisions of Section 11.3, shall return the Deposit, together with all interest earned thereon, to Purchaser, and both parties shall be released from all further obligations under this Agreement, except for those which expressly survive such termination, unless such title defects were caused by Seller's willful act or willful omission, in which event Seller shall remain liable to Purchaser for damages caused by such title defects.", "hash": "75e37d9749c1eff26bcab1d156167fb7", "id": 2}, {"samples": [{"hash": "29RRWMEA1Wn", "uri": "/contracts/29RRWMEA1Wn#title-defects", "label": "Mining Lease", "score": 31.3408622742, "published": true}, {"hash": "joem4BcT0gQ", "uri": "/contracts/joem4BcT0gQ#title-defects", "label": "Mining Lease (Miranda Gold Corp)", "score": 21.0, "published": true}, {"hash": "hl20kXA8YQS", "uri": "/contracts/hl20kXA8YQS#title-defects", "label": "Mining Lease (Miranda Gold Corp)", "score": 21.0, "published": true}], "snippet_links": [{"key": "section-42", "type": "clause", "offset": [81, 92]}, {"key": "lessee-shall", "type": "clause", "offset": [94, 106]}, {"key": "the-right", "type": "clause", "offset": [112, 121]}, {"key": "the-obligation", "type": "clause", "offset": [131, 145]}, {"key": "title-to-the-property", "type": "clause", "offset": [251, 272]}, {"key": "the-opportunity", "type": "clause", "offset": [313, 328]}], "size": 8, "snippet": "If title to any part of the Property is defective or less than as represented in Section 4.2, Lessee shall have the right, but not the obligation, to undertake to cure any such defects or to defend or to initiate litigation to perfect, defend or cure title to the Property, but only after Lessor has been offered the opportunity to take any necessary curative measures.", "hash": "aa896f8d8ab055f896ee115a2042b5f0", "id": 8}, {"samples": [{"hash": "1hanv2WTNGQ", "uri": "/contracts/1hanv2WTNGQ#title-defects", "label": "Purchase and Sale Agreement (Vinebrook Homes Trust, Inc.)", "score": 32.7645454407, "published": true}], "snippet_links": [{"key": "buyer-shall", "type": "clause", "offset": [4, 15]}, {"key": "right-to-object-to", "type": "clause", "offset": [45, 63]}, {"key": "pertaining-to", "type": "definition", "offset": [115, 128]}, {"key": "the-real-property", "type": "clause", "offset": [129, 146]}, {"key": "notice-of", "type": "definition", "offset": [204, 213]}, {"key": "reasonable-discretion", "type": "clause", "offset": [239, 260]}, {"key": "in-the-ordinary-course-of-business", "type": "definition", "offset": [361, 395]}, {"key": "title-objection-notice", "type": "definition", "offset": [429, 451]}, {"key": "days-prior", "type": "definition", "offset": [490, 500]}, {"key": "inspection-period", "type": "definition", "offset": [526, 543]}, {"key": "title-objection-deadline", "type": "clause", "offset": [558, 582]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [586, 615]}, {"key": "date-references", "type": "clause", "offset": [747, 762]}, {"key": "new-exception", "type": "clause", "offset": [765, 778]}, {"key": "the-title-commitment", "type": "clause", "offset": [879, 899]}, {"key": "existing-survey", "type": "definition", "offset": [905, 920]}, {"key": "updated-survey", "type": "definition", "offset": [927, 941]}, {"key": "to-buyer", "type": "definition", "offset": [970, 978]}, {"key": "by-buyer", "type": "clause", "offset": [1049, 1057]}, {"key": "buyer-parties", "type": "definition", "offset": [1061, 1074]}, {"key": "the-property", "type": "clause", "offset": [1116, 1128]}, {"key": "the-acquired-companies", "type": "clause", "offset": [1130, 1152]}, {"key": "companion-property", "type": "clause", "offset": [1161, 1179]}, {"key": "the-right-to-object", "type": "clause", "offset": [1215, 1234]}, {"key": "delivery-of-a", "type": "clause", "offset": [1254, 1267]}, {"key": "scheduled-closing-date", "type": "clause", "offset": [1392, 1414]}, {"key": "receipt-of", "type": "clause", "offset": [1421, 1431]}, {"key": "obligation-to-remove", "type": "clause", "offset": [1489, 1509]}, {"key": "alleged-defects", "type": "clause", "offset": [1522, 1537]}, {"key": "survey-matters", "type": "definition", "offset": [1553, 1567]}, {"key": "upon-buyer", "type": "definition", "offset": [1727, 1737]}, {"key": "failure-to-timely-deliver", "type": "clause", "offset": [1740, 1765]}, {"key": "with-respect-to", "type": "clause", "offset": [1839, 1854]}, {"key": "in-accordance-with", "type": "clause", "offset": [1906, 1924]}, {"key": "title-exceptions", "type": "definition", "offset": [1977, 1993]}, {"key": "permitted-encumbrances", "type": "definition", "offset": [2032, 2054]}, {"key": "notice-to-sellers", "type": "clause", "offset": [2198, 2215]}, {"key": "upon-written-notice", "type": "clause", "offset": [2287, 2306]}, {"key": "response-notice", "type": "definition", "offset": [2333, 2348]}, {"key": "business-days-of-receipt", "type": "clause", "offset": [2446, 2470]}, {"key": "of-buyer", "type": "clause", "offset": [2471, 2479]}, {"key": "response-period", "type": "clause", "offset": [2761, 2776]}, {"key": "efforts-to-remove", "type": "clause", "offset": [2874, 2891]}, {"key": "deliver-to", "type": "definition", "offset": [2928, 2938]}, {"key": "title-insurance-company", "type": "definition", "offset": [2952, 2975]}, {"key": "title-company", "type": "definition", "offset": [3111, 3124]}, {"key": "to-insure", "type": "clause", "offset": [3173, 3182]}, {"key": "any-loss", "type": "definition", "offset": [3197, 3205]}, {"key": "by-sellers", "type": "clause", "offset": [3399, 3409]}, {"key": "the-applicable-time-period", "type": "definition", "offset": [3462, 3488]}, {"key": "in-clause", "type": "clause", "offset": [3499, 3508]}, {"key": "an-election", "type": "clause", "offset": [3537, 3548]}, {"key": "the-election", "type": "clause", "offset": [3635, 3647]}, {"key": "in-this-clause", "type": "clause", "offset": [3658, 3672]}, {"key": "continuation-notice", "type": "definition", "offset": [3698, 3717]}, {"key": "title-objections", "type": "definition", "offset": [3778, 3794]}, {"key": "in-the-event", "type": "clause", "offset": [3840, 3852]}, {"key": "efforts-to-cure", "type": "clause", "offset": [3900, 3915]}, {"key": "pursuant-to-section", "type": "definition", "offset": [3934, 3953]}, {"key": "right-to-defer", "type": "clause", "offset": [4110, 4124]}, {"key": "from-time-to-time", "type": "clause", "offset": [4137, 4154]}, {"key": "in-no-event", "type": "clause", "offset": [4160, 4171]}, {"key": "days-after", "type": "definition", "offset": [4198, 4208]}, {"key": "provide-the", "type": "clause", "offset": [4254, 4265]}, {"key": "applicable-seller", "type": "definition", "offset": [4266, 4283]}, {"key": "opportunity-to-cure", "type": "clause", "offset": [4287, 4306]}, {"key": "provided-that", "type": "clause", "offset": [4373, 4386]}, {"key": "to-extend", "type": "clause", "offset": [4481, 4490]}, {"key": "closing-outside-date", "type": "definition", "offset": [4530, 4550]}, {"key": "buyer-consents", "type": "definition", "offset": [4558, 4572]}, {"key": "in-writing", "type": "clause", "offset": [4573, 4583]}, {"key": "to-attempt-to", "type": "clause", "offset": [4674, 4687]}], "size": 29, "snippet": "(i) Buyer shall be deemed to have waived its right to object to any encumbrance or other title exception or matter pertaining to the Real Property unless Buyer shall have given Sellers a specific written notice of its objection in Buyer\u2019s reasonable discretion (based solely on a title or survey matter that would cause the applicable Parcel to not be rentable in the ordinary course of business) to any such matter (an \u201cInitial Title Objection Notice\u201d) by not later than ten (10) Business Days prior to the expiration of the Inspection Period (the \u201cInitial Title Objection Deadline\u201d). Notwithstanding the foregoing, if an update to a Title Commitment for any Parcel received after the expiration of the Inspection Period and prior to the Closing Date references a new exception to title that (A) is not a Permitted Encumbrance, (B) was not previously reflected or referenced on the Title Commitment, any existing survey or an updated survey delivered or made available to Buyer prior to the expiration of the Inspection Period, (C) was not created by Buyer or Buyer Parties and (D) has a material adverse effect on the Property, the Acquired Companies and the Companion Property, as a whole, then Buyer shall have the right to object to such matter, by delivery of a written notice (a \u201cSubsequent Title Objection Notice\u201d) to Sellers within two (2) Business Days (but not later than the then-scheduled Closing Date) from receipt of such update to a Title Commitment. Sellers shall have no obligation to remove or cure any alleged defects, objections or survey matters raised in an Initial Title Objection Notice or a Subsequent Title Objection Notice (each, a \u201cTitle Objection\u201d), except for the Mandatory Cure Exceptions.\n(ii) Upon Buyer\u2019s failure to timely deliver an Initial Title Objection Notice or a Subsequent Title Objection Notice with respect to any encumbrance or other title exception or matter in accordance with clause (i) above, all liens, encumbrances and other title exceptions or matters shall thereafter be deemed Permitted Encumbrances, except for the Mandatory Cure Exceptions.\n(iii) Should Buyer timely deliver an Initial Title Objection Notice or a Subsequent Title Objection Notice to Sellers as above provided, Sellers shall have the right, at their sole option, upon written notice (each, a \u201cTitle Objection Response Notice\u201d) to Buyer within (x) with respect to a response to an Initial Title Objection Notice, eight (8) Business Days of receipt of Buyer\u2019s Initial Title Objection Notice, if any, or (y) with respect to a response to a Subsequent Title Objection Notice, two (2) Business Days of receipt of Buyer\u2019s Subsequent Title Objection Notice (and the then-scheduled Closing Date shall be automatically extended to allow for such response period, if necessary), if any, to elect either of the following:\n(A) to (1) use commercially reasonable efforts to remove or cure any Title Objection; or (2) deliver to Westcor Land Title Insurance Company, Inc., \u2587\u2587\u2587 \u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587, \u2587\u2587\u2587. \u2587\u2587\u2587, \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587\u2587, \u2587\u2587 \u2587\u2587\u2587\u2587\u2587, Attn: \u2587\u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587, \u2587\u2587\u2587-\u2587\u2587\u2587-\u2587\u2587\u2587\u2587, \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587@\u2587\u2587\u2587\u2587\u2587.\u2587\u2587\u2587 (the \u201cTitle Company\u201d) such assurances as the Title Company requires to insure Buyer against any loss arising from such Title Objection (in either of which events, such matter shall be a \u201cSeller Cure Matter\u201d), or\n(B) to elect neither of the elections referenced in Section 4(c)(iii)(A). Failure by Sellers to deliver a Title Objection Response Notice within the applicable time period set forth in clause (iii) above shall be deemed an election by Sellers to proceed under this clause (B). If any Seller makes or is deemed to make the election described in this clause (B) and Buyer delivers a Continuation Notice prior to the expiration of the Inspection Period, then such Title Objections shall be deemed Permitted Encumbrances.\n(iv) In the event a Seller elects to use commercially reasonable efforts to cure a Title Objection pursuant to Section 4(c)(iii)(A)(1), and such Seller is unable to cure such Title Objection on or before the date originally scheduled for Closing, then Sellers shall have the right to defer the Closing from time to time (but in no event for more than thirty (30) days after the then-scheduled Closing Date) in order to provide the applicable Seller an opportunity to cure such Title Objection or to proceed under Section 4(c)(iii)(A)(2) (provided that the extension(s) of the Closing Date pursuant to this clause shall not cause the Closing Date to extend more than fifteen (15) days beyond the Closing Outside Date unless Buyer consents in writing). In the event any Seller is unable to cure any Title Objection which such Seller elected to attempt to cure pursuant to Section 4(c)(iii)(A)(1) or Section 4(c)(iii)(A)(2) on or before the date scheduled for Closing (as such date may be extended as set forth above) or Sellers elect or are deemed to elect to proceed under Section 4(c)(iii)(B), then Buyer shall have the election set forth in Section 4(d).", "hash": "410663909e2ac028dd73bc34dc7ba56f", "id": 3}, {"samples": [{"hash": "91RnPufHVye", "uri": "/contracts/91RnPufHVye#title-defects", "label": "Asset Purchase Agreement (Stone Canyon Resources LTD)", "score": 21.0, "published": true}, {"hash": "4vFcxbFfP01", "uri": "/contracts/4vFcxbFfP01#title-defects", "label": "Asset Purchase Agreement (Terra Nostra Resources LTD)", "score": 21.0, "published": true}, {"hash": "4SQ3vs1TRPN", "uri": "/contracts/4SQ3vs1TRPN#title-defects", "label": "Rescission Agreement (Terra Nostra Technology LTD)", "score": 21.0, "published": true}], "snippet_links": [{"key": "the-purchaser-shall", "type": "clause", "offset": [4, 23]}, {"key": "review-of-the", "type": "clause", "offset": [36, 49]}, {"key": "title-to-the-assets", "type": "clause", "offset": [59, 78]}, {"key": "reasonable-diligence", "type": "definition", "offset": [84, 104]}, {"key": "the-title", "type": "definition", "offset": [184, 193]}, {"key": "directly-affected", "type": "definition", "offset": [316, 333]}, {"key": "and-the-purchaser", "type": "clause", "offset": [342, 359]}, {"key": "requirements-for-the", "type": "clause", "offset": [362, 382]}, {"key": "the-vendor-shall", "type": "clause", "offset": [416, 432]}, {"key": "efforts-to-cure", "type": "clause", "offset": [470, 485]}, {"key": "reasonable-satisfaction", "type": "definition", "offset": [646, 669]}, {"key": "the-purchaser-may", "type": "clause", "offset": [671, 688]}, {"key": "or-before-the-closing-date", "type": "clause", "offset": [699, 725]}, {"key": "notice-to-the", "type": "clause", "offset": [737, 750]}, {"key": "by-the-parties", "type": "clause", "offset": [846, 860]}, {"key": "provide-the", "type": "clause", "offset": [871, 882]}, {"key": "time-to-cure", "type": "clause", "offset": [906, 918]}, {"key": "uncured-title-defects", "type": "clause", "offset": [964, 985]}, {"key": "terminate-this-agreement", "type": "clause", "offset": [1021, 1045]}, {"key": "the-value", "type": "clause", "offset": [1050, 1059]}, {"key": "the-purchase-price", "type": "clause", "offset": [1125, 1143]}, {"key": "termination-of-this-agreement", "type": "clause", "offset": [1175, 1204]}, {"key": "sole-remedy", "type": "clause", "offset": [1230, 1241]}, {"key": "notice-of-title-defects", "type": "definition", "offset": [1290, 1313]}, {"key": "with-respect-to", "type": "clause", "offset": [1358, 1373]}, {"key": "reduction-in", "type": "definition", "offset": [1378, 1390]}, {"key": "single-arbitrator", "type": "clause", "offset": [1485, 1502]}, {"key": "the-arbitration-act", "type": "clause", "offset": [1515, 1534]}, {"key": "the-decision-of-the-arbitrator", "type": "clause", "offset": [1546, 1576]}, {"key": "binding-upon", "type": "clause", "offset": [1596, 1608]}, {"key": "in-favour-of", "type": "definition", "offset": [1663, 1675]}, {"key": "subject-to-the", "type": "definition", "offset": [1703, 1717]}, {"key": "other-provisions-of-the-agreement", "type": "clause", "offset": [1718, 1751]}, {"key": "third-business-day", "type": "clause", "offset": [1766, 1784]}], "size": 24, "snippet": "(a) The Purchaser shall conduct its review of the Vendor's title to the Assets with reasonable diligence. Not later than Closing, the Purchaser shall give the Vendor written notice of the Title Defects which the Purchaser does not waive. Such notice shall specify such Title Defects in reasonable detail, the Assets directly affected thereby and the Purchaser's requirements for the rectification or curing thereof. The Vendor shall thereupon diligently make reasonable efforts to cure such Title Defects not later than the Closing Date.\n(b) Insofar as the Title Defects described in the Purchaser's notice have not been cured to the Purchaser's reasonable satisfaction, the Purchaser may elect, at or before the Closing Date by written notice to the Vendor, to do one of the following:\n(i) delay the Closing Date to such later date as is agreed by the Parties, so as to provide the Vendor with additional time to cure the remaining Title Defects;\n(ii) waive such uncured Title Defects and proceed with Closing; or\n(iii) terminate this Agreement, if the value of the Assets has been reduced by more than ten (10%) percent of the Purchase Price as a result the Title Defects. Termination of this Agreement shall be the Purchaser's sole remedy for any Title Defect referred to in Purchaser's notice of Title Defects issued pursuant to Subclause A. Any dispute with respect to the reduction in the value of the Assets as a result of the Title Defect shall be resolved by arbitration by a single arbitrator pursuant to the Arbitration Act (Alberta). The decision of the arbitrator shall be final and binding upon the Parties, and if the decision of the arbitrator is in favour of the Vendor, Closing shall, subject to the other provisions of the Agreement, occur on the third business day after the decision of the arbitrator is rendered.", "hash": "71f0ba7e1c8705bff565d2a955f68bdb", "id": 4}, {"samples": [{"hash": "PRMUiCaVhg", "uri": "/contracts/PRMUiCaVhg#title-defects", "label": "Securities Purchase Agreement (Chaparral Energy, Inc.)", "score": 21.0, "published": true}], "snippet_links": [{"key": "central-time", "type": "definition", "offset": [92, 104]}, {"key": "objection-deadline", "type": "clause", "offset": [139, 157]}, {"key": "the-purchaser-may", "type": "clause", "offset": [161, 178]}, {"key": "the-sellers", "type": "clause", "offset": [186, 197]}, {"key": "in-writing", "type": "clause", "offset": [198, 208]}, {"key": "description-and-explanation", "type": "clause", "offset": [365, 392]}, {"key": "supporting-documentation", "type": "definition", "offset": [418, 442]}, {"key": "the-assets", "type": "clause", "offset": [474, 484]}, {"key": "the-value", "type": "clause", "offset": [499, 508]}, {"key": "in-good-faith", "type": "definition", "offset": [528, 541]}, {"key": "the-title", "type": "definition", "offset": [556, 565]}, {"key": "allocated-value", "type": "clause", "offset": [601, 616]}, {"key": "purchaser-and-the", "type": "clause", "offset": [639, 656]}, {"key": "attempt-to-agree", "type": "clause", "offset": [692, 708]}, {"key": "with-respect-to", "type": "clause", "offset": [723, 738]}, {"key": "the-right", "type": "clause", "offset": [777, 786]}, {"key": "the-obligation", "type": "clause", "offset": [796, 810]}, {"key": "of-sellers", "type": "clause", "offset": [967, 977]}, {"key": "right-to-dispute", "type": "clause", "offset": [979, 995]}, {"key": "cost-to-cure", "type": "definition", "offset": [1034, 1046]}, {"key": "in-the-event", "type": "clause", "offset": [1066, 1078]}, {"key": "timely-notice", "type": "definition", "offset": [1152, 1165]}, {"key": "section-3", "type": "clause", "offset": [1186, 1195]}, {"key": "prior-to-closing", "type": "definition", "offset": [1225, 1241]}, {"key": "subject-to-the", "type": "definition", "offset": [1249, 1263]}, {"key": "provisions-of-this-section", "type": "clause", "offset": [1270, 1296]}, {"key": "the-aggregate-purchase-price", "type": "clause", "offset": [1300, 1328]}, {"key": "aggregate-value", "type": "definition", "offset": [1353, 1368]}, {"key": "uncured-title-defects", "type": "clause", "offset": [1381, 1402]}, {"key": "other-charge", "type": "definition", "offset": [1642, 1654]}, {"key": "lesser-of", "type": "definition", "offset": [1765, 1774]}, {"key": "the-interest", "type": "definition", "offset": [1902, 1914]}, {"key": "affected-entity", "type": "definition", "offset": [1922, 1937]}, {"key": "affected-property", "type": "definition", "offset": [1963, 1980]}, {"key": "interest-for", "type": "definition", "offset": [2106, 2118]}, {"key": "exhibit-d", "type": "clause", "offset": [2190, 2199]}, {"key": "the-product", "type": "clause", "offset": [2246, 2257]}, {"key": "reduction-in", "type": "definition", "offset": [2499, 2511]}, {"key": "working-interest", "type": "clause", "offset": [2587, 2603]}, {"key": "a-separate", "type": "definition", "offset": [2643, 2653]}, {"key": "title-to-the", "type": "clause", "offset": [2777, 2789]}, {"key": "the-property", "type": "clause", "offset": [2967, 2979]}, {"key": "affected-by", "type": "definition", "offset": [3021, 3032]}, {"key": "effect-of-the", "type": "clause", "offset": [3061, 3074]}, {"key": "economic-effect", "type": "definition", "offset": [3103, 3118]}, {"key": "other-factors", "type": "clause", "offset": [3188, 3201]}, {"key": "each-case", "type": "definition", "offset": [3253, 3262]}], "size": 23, "snippet": "I. As soon as reasonably practicable (and on an ongoing basis), but no later than 5:00 p.m. Central Time on Monday, October 23, 2006 (the \u201cObjection Deadline\u201d), the Purchaser may notify the Sellers in writing of Title Defects affecting assets of the Entities or their Subsidiaries. The Purchaser\u2019s notice asserting Title Defects shall include a reasonably detailed description and explanation (including any available supporting documentation) of each Title Defect claimed, the assets affected, and the value that the Purchaser in good faith attributes to the Title Defect, which shall not exceed the Allocated Value of such property. The Purchaser and the Sellers shall meet periodically to attempt to agree on resolution with respect to Title Defects. The Sellers shall have the right, but not the obligation, to attempt, at their sole cost, to cure or remove any Title Defects. The Sellers\u2019 election to attempt to cure a Title Defect shall not constitute a waiver of Sellers\u2019 right to dispute the existence, nature or value of, or cost to cure, the Title Defect. In the event that any Title Defect(s) as to which the Purchaser has given the Sellers timely notice as provided in this Section 3(a) are not remedied or cured prior to Closing, then, subject to the other provisions of this Section 3, the Aggregate Purchase Price shall be reduced by the aggregate value of all such uncured Title Defects, determined as follows: (1) where the Sellers agree in writing with the value of the Title Defect as set forth in the Purchaser\u2019s notice, that value shall be the value of the Title Defect; (2) if the Title Defect is a lien, encumbrance or other charge upon a property which is undisputed and liquidated in amount, then the value of the Title Defect shall be the lesser of (A) the Allocated Value of such property or (B) the amount necessary to be paid to the obligee to remove the Title Defect from the interest of the affected Entity or its Subsidiary in the affected property; (3) if the Allocated Value for a property is positive and the Title Defect represents a discrepancy between the Net Revenue Interest for such property and the Net Revenue Interest for that property stated on Exhibit D, then the value of such Title Defect shall be the product of the Allocated Value for such property multiplied by a fraction, the numerator of which is the decrease in Net Revenue Interest and the denominator of which is the Net Revenue Interest stated on Exhibit D (it being understood that if such reduction in Net Revenue Interest is not accompanied by a proportionate decrease in the Working Interest then such discrepency shall constitute a separate Title Defect); and (4) if the Title Defect represents an obligation, encumbrance, burden or charge upon or other defect in title to the affected property of a type not described in subsections (1), (2) or (3) above, the value of the Title Defect shall be determined by taking into account the Allocated Value for the property so affected, the portion of the property affected by the Title Defect, the legal effect of the Title Defect, the potential economic effect of the Title Defect over the life of the affected property, and such other factors as are appropriate to make a proper evaluation, in each case net to the interest, as represented on Exhibit D, of the affected Entity and its Subsidiaries in the affected property.", "hash": "73a9f5c4b3a9e83ecee7f0e57eeb5b78", "id": 5}, {"samples": [{"hash": "hVRLt1DjsOr", "uri": "/contracts/hVRLt1DjsOr#title-defects", "label": "Auction Real Estate Sales Contract", "score": 25.7595767975, "published": true}, {"hash": "6drwVIybcdZ", "uri": "/contracts/6drwVIybcdZ#title-defects", "label": "Auction Real Estate Sales Contract", "score": 25.7185153961, "published": true}, {"hash": "4J3G976eqNO", "uri": "/contracts/4J3G976eqNO#title-defects", "label": "Auction Real Estate Sales Contract", "score": 25.7048282623, "published": true}], "snippet_links": [{"key": "the-title-commitment", "type": "clause", "offset": [3, 23]}, {"key": "defect-in-title", "type": "clause", "offset": [34, 49]}, {"key": "permitted-title-exceptions", "type": "definition", "offset": [74, 100]}, {"key": "prior-to-closing-date", "type": "clause", "offset": [274, 295]}, {"key": "buyer-may", "type": "definition", "offset": [297, 306]}, {"key": "notice-to-seller", "type": "clause", "offset": [348, 364]}, {"key": "closing-agent", "type": "definition", "offset": [369, 382]}, {"key": "discovery-of", "type": "clause", "offset": [428, 440]}, {"key": "or-before-the-closing-date", "type": "clause", "offset": [622, 648]}, {"key": "prior-to-the-closing-date", "type": "clause", "offset": [764, 789]}, {"key": "by-written-notice", "type": "clause", "offset": [790, 807]}, {"key": "this-contract", "type": "definition", "offset": [819, 832]}, {"key": "without-liability", "type": "clause", "offset": [853, 870]}, {"key": "either-party", "type": "definition", "offset": [874, 886]}, {"key": "down-payment", "type": "definition", "offset": [895, 907]}, {"key": "to-the-buyer", "type": "clause", "offset": [934, 946]}, {"key": "seller-shall", "type": "clause", "offset": [948, 960]}, {"key": "the-right", "type": "clause", "offset": [966, 975]}, {"key": "to-extend", "type": "clause", "offset": [999, 1008]}, {"key": "to-attempt-to", "type": "clause", "offset": [1059, 1072]}], "size": 21, "snippet": "If the Title Commitment reveals a defect in title which is not one of the Permitted Title Exceptions, or if prior to the Closing a new defect in title is disclosed by an updated endorsement to the Title Commitment, which defect is not one of the Permitted Title Exceptions, prior to Closing Date, Buyer may either waive such defect or give written notice to Seller and Closing Agent no later than five (5) days from the date of discovery of such defect in title, whereupon Seller may, at its option, attempt to cure such defect prior to Closing or decline to cure such defect. If Seller is unable or unwilling to cure, on or before the Closing Date, any defect as to which Buyer has notified Seller as herein provided and if Buyer does not waive such defect on or prior to the Closing Date by written notice to Seller, this Contract shall be terminated without liability to either party and the Down Payment/Deposit shall be returned to the Buyer. Seller shall have the right, at its sole election, to extend the Closing Date by not more than Sixty (60) Days to attempt to cure any such defect in title.", "hash": "80375b217da233fd48a3d4187a184796", "id": 6}, {"samples": [{"hash": "2aHP2iBZdx1", "uri": "/contracts/2aHP2iBZdx1#title-defects", "label": "Residential Realty Purchase and Sale Agreement", "score": 33.6168670654, "published": true}, {"hash": "6W5LnikhYET", "uri": "/contracts/6W5LnikhYET#title-defects", "label": "Realty Purchase and Sale Agreement", "score": 31.8558101654, "published": true}, {"hash": "bM15Z3HIEb4", "uri": "/contracts/bM15Z3HIEb4#title-defects", "label": "Residential Realty Purchase and Sale Agreement", "score": 31.6302146912, "published": true}], "snippet_links": [{"key": "title-to-the-property", "type": "clause", "offset": [63, 84]}, {"key": "as-required", "type": "clause", "offset": [85, 96]}, {"key": "this-agreement", "type": "clause", "offset": [103, 117]}, {"key": "notice-to-buyer", "type": "clause", "offset": [163, 178]}, {"key": "return-of-the-deposit", "type": "clause", "offset": [187, 208]}, {"key": "the-parties-will", "type": "clause", "offset": [219, 235]}, {"key": "no-further-liability", "type": "clause", "offset": [241, 261]}, {"key": "to-the-buyer", "type": "clause", "offset": [352, 364]}, {"key": "from-seller", "type": "clause", "offset": [375, 386]}, {"key": "of-the-buyer", "type": "clause", "offset": [444, 456]}], "size": 14, "snippet": "If Seller is unable to convey and transfer good and marketable title to the Property as required under this Agreement, Seller may cancel this Agreement on written notice to Buyer, and on return of the Deposit to Buyer, the parties will have no further liability to each other. Under such circumstances, \u2587\u2587\u2587\u2587\u2587 will be entitled to obtain an amount equal to the Buyer\u2019s Premium from Seller. Auctioneer will not be required to disgorge any portion of the Buyer\u2019s Premium.", "hash": "83e732fbf8e14abf99e474544424e876", "id": 7}, {"samples": [{"hash": "4hzu4n0jWbx", "uri": "/contracts/4hzu4n0jWbx#title-defects", "label": "Purchase and Sale Agreement", "score": 33.7780303955, "published": true}, {"hash": "5fSJesxCtHh", "uri": "/contracts/5fSJesxCtHh#title-defects", "label": "Purchase and Sale Agreement (Cubic Energy Inc)", "score": 24.7535934448, "published": true}, {"hash": "10azpnn526T", "uri": "/contracts/10azpnn526T#title-defects", "label": "Purchase and Sale Agreement (Gastar Exploration USA, Inc.)", "score": 24.3319644928, "published": true}], "snippet_links": [{"key": "title-defect", "type": "clause", "offset": [36, 48]}, {"key": "defensible-title", "type": "clause", "offset": [92, 108]}, {"key": "without-duplication", "type": "clause", "offset": [118, 137]}, {"key": "for-purposes-of-this-agreement", "type": "definition", "offset": [139, 169]}, {"key": "the-term", "type": "definition", "offset": [171, 179]}, {"key": "title-of-seller", "type": "clause", "offset": [215, 230]}, {"key": "subject-to", "type": "clause", "offset": [237, 247]}, {"key": "permitted-encumbrances", "type": "definition", "offset": [267, 289]}], "size": 7, "snippet": "An Asset shall be deemed to have a \u201cTitle Defect\u201d:\n(a) if Seller is found to have less than Defensible Title thereto, without duplication. For purposes of this Agreement, the term \u201cDefensible Title\u201d shall mean such title of Seller that, subject to and except for the Permitted Encumbrances:", "hash": "54749a5a62bdc4a1f1721ca1d9823b3d", "id": 10}], "next_curs": "ClYSUGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjILEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhZ0aXRsZS1kZWZlY3RzIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"title": "Title Defects", "children": [["no-new-exceptions", "No New Exceptions"], ["title-defects", "Title Defects"], ["buyers-objections-to-title-sellers-obligations-and-rights", "Buyer\u2019s Objections to Title; Seller\u2019s Obligations and Rights"], ["discharge-of-title-objections", "Discharge of Title Objections"], ["adverse-claims", "Adverse Claims"]], "size": 709, "parents": [["title-matters", "Title Matters"], ["title", "Title"], ["affirmative-covenants", "AFFIRMATIVE COVENANTS"], ["title-and-environmental-matters", "Title and Environmental Matters"], ["title-defects", "Title Defects"]], "id": "title-defects", "related": [["title-defect", "Title Defect", "Title Defect"], ["environmental-defects", "Environmental Defects", "Environmental Defects"], ["notice-of-title-defects", "Notice of Title Defects", "Notice of <strong>Title Defects</strong>"], ["title-matters", "Title Matters", "Title Matters"], ["title-objections", "Title Objections", "Title Objections"]], "related_snippets": [], "updated": "2026-10-16T06:14:28+00:00"}, "json": true, "cursor": ""}}