Title Indemnification. Notwithstanding any other provisions of this --------------------- Article VII, to the extent that all Title Defects have a cumulative value of less than 10% of the Purchase Price, then for any uncured Title Defect Seller shall have the option to execute and deliver to Buyer a title indemnity and, in such event, the relevant uncured Title Defect shall be deemed to be cured and removed for the purposes of this Agreement. In the event Seller elects to give such an indemnity, Seller shall hold harmless and keep Buyer indemnified from and against any and all liability, loss, costs (including legal fees and costs), suits, judgments, causes of action, claims or damages suffered by Buyer or arising or incurred in connection with or resulting from any uncured Title Defects with the intent that Buyer shall be placed in the same economic and financial condition as Buyer would have been in had Seller actually cured the Title Defect. No claim for indemnification of Buyer shall be made or be enforceable, whether by legal proceedings or otherwise, unless written notice of the claim, setting out reasonable details thereof is given by Buyer to Seller on or before January 1,
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Title Indemnification. Notwithstanding any other provisions of this --------------------- Article VII, to the extent that all Title Defects have a cumulative value of less than 10% of the Purchase Price, then for any uncured Title Defect Seller shall have the option to execute and deliver to Buyer a title indemnity and, in such event, the relevant uncured Title Defect shall be deemed to be cured and removed for the purposes of this Agreement. In the event Seller elects to give such an indemnity, Seller shall hold harmless and keep Buyer indemnified from and against any and all liability, loss, costs (including legal fees and costs), suits, judgments, causes of action, claims or damages suffered by Buyer or arising or incurred in connection with or resulting from any uncured Title Defects with the intent that Buyer shall be placed in the same economic and financial condition as Buyer would have been in had Seller actually cured the Title Defect. No claim for indemnification of Buyer shall be made or be enforceable, whether by legal proceedings or otherwise, unless written notice of the claim, setting out reasonable details thereof is given by Buyer to Seller on or before January 1,
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