Title Notice Sample Clauses

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Title Notice. Purchaser shall give Seller a written “Title Letter” as soon as reasonably possible but no later than three (3) days prior to the Closing Date at 5:00 p.m., MT. The Title Letter shall state the number of net mineral acres for which Purchaser has confirmed that Seller has Defensible Title (the “Defensible Title Acres”), and shall also list the Leases covering said acres (collectively, the “Defensible Title Leases”). At the Closing, Purchaser shall purchase a seventy-five percent (75%) interest in the Defensible Title Leases. The Title Letter shall also contain a calculation of the Purchase Price to be paid by Purchaser which shall be equal to the number of Defensible Title Acres, multiplied by Twenty-Two Dollars and 22/100 ($22.22), which amount shall then be multiplied by seventy-five percent (75%). With respect to the net mineral acres on which Purchaser has not confirmed that Seller has Defensible Title, Seller shall diligently attempt to cure same to Defensible Title standards on or before sixty (60) days after the Closing Date, and Purchaser shall subsequently have the option to acquire same, as and when cured, pursuant to the acquisition terms set forth in this Agreement. If Seller is unable to cure the defects within sixty (60) days from the Closing Date, said Leases shall be owned by Seller and not subject to this Agreement.
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Title Notice. If Buyer does not timely give Buyer's Title Approval Notice, the obligations of Buyer and Seller to consummate the transaction hereunder shall cease and the Deposit and interest earned thereon shall be immediately returned to Buyer by Escrow Holder.
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Title Notice. KR shall notify TAG in writing (the "Title ------------- Notice") prior to the expiration of the Title Inspection Period which exceptions to title (including Survey matters), if any, will not be accepted by KR. If KR fails to notify TAG in writing of any exceptions to title by the expiration of the Title Inspection Period, then KR shall be deemed to have approved the condition of title to the Properties. If KR notifies TAG in writing that KR objects to any exceptions to title, then TAG shall have five (5) days after receipt of the Title Notice to notify KR in writing (i) that TAG will remove such objectionable exceptions from title on or before the Initial Closing; or (ii) that TAG elects not to cause such exceptions to be removed. If TAG fails to notify KR in writing of its election within said five (5) day period, then TAG shall be deemed to have elected not to cause such exception to be cured. If TAG gives KR notice under clause (ii) above, then KR shall have five (5) days within which to notify TAG in writing that KR will nevertheless proceed with the acquisition and take title to the Properties subject to such exceptions, or that KR will terminate this Agreement. If this Agreement is terminated pursuant to the foregoing provisions of this paragraph, then neither party shall have any further rights or obligations hereunder (except for any indemnity obligations of either party pursuant to the other provisions of this Agreement), and each party shall bear its own costs incurred hereunder. If KR fails to notify TAG in writing of its election within said five (5) day period, then KR shall be deemed to have elected to proceed with the acquisition and take title to the Properties subject to such exceptions.
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Title Notice. If the Title Commitment or Survey disclose matters that are not acceptable to Buyer with respect to a Property (“Unpermitted Exceptions”), then Buyer shall notify Seller owning such Property in writing (the “Title Notice”) of Buyer’s objections within fifteen (15) days after Buyer has received both a Title Commitment and Survey for such Property. In the event that Buyer notifies such Seller of any objections within such fifteen (15) day period, then such Seller shall notify Buyer in writing, within five (5) business days following the date of receipt of Buyer’s notice of such objections, that either: (a) such Seller will attempt to have, prior to Closing, the Unpermitted Exceptions removed from the Title Commitment and/or Survey, insured over by the Title Company pursuant to an endorsement to the Title Policy, or otherwise cured to Buyer’s reasonable satisfaction; or (b) such Seller declines to arrange to have the Unpermitted Exceptions removed, insured over, or otherwise cured. If such Seller fails to deliver such written notice to Buyer within such five (5) business day period, then such Seller shall be deemed to have elected to attempt to remove, insure over, or otherwise cure the Unpermitted Exceptions. If such Seller declines to arrange to remove, insure over, or otherwise cure any of the Unpermitted Exceptions, or if such Seller has attempted unsuccessfully to remove, insure over or otherwise cure any of the Unpermitted Exceptions, then Buyer shall elect, by written notice to such Seller within five (5) business days after Buyer’s receipt of such Seller’s written declination, or at, or at any time prior to the Closing if Seller has unsuccessfully attempted to remove, insure over or otherwise cure such Unpermitted Exceptions, to: (a) terminate this Agreement in its entirety or as to such Property only; or (b) waive such objections and take title to such Property subject to the Unpermitted Exceptions that such Seller has declined or attempted unsuccessfully to remove, insure over, or otherwise cure. The Closing Date shall be adjusted, if necessary, to allow for any elections allowed or required by this Section. Notwithstanding anything to the contrary contained herein, each Seller shall be obligated to remove as a title exception (x) all mortgages, security deeds, mechanic’s liens, or other security instruments encumbering the Property owned by such Seller, excluding those instruments and agreements evidencing or securing the Debt with respect to such ...
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Title Notice. 19 Permits. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .19 ERISA. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .20
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Title Notice. 12 Section 4.4. Pre-Closing "Gap" Title Defects.......................................... 13 Section 4.5. Permitted Exceptions..................................................... 13 Section 4.6. Conveyance of Title...................................................... 14
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Title Notice. Written notice of a Title Defect given by the Joint Venture to Sunrise on or before the date hereof.
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Related to Title Notice

  • Title Objections In the event Buyer’s Title Binder, as updated to closing, or Buyer’s Survey identifies any title exceptions or defects in title of which Buyer does not approve or which render title unmarketable or which unreasonably interferes with Buyer’s intended use of the Property (“Title Objections”), Buyer shall notify Seller (the “Title Report Objection Notice”) and Seller shall elect by written notice to Buyer (“Seller’s Disposition Notice”) within five (5) business days of a Title Report Objection Notice whether to correct such defects prior to Closing. If Seller fails to deliver the Seller’s Disposition Notice to Buyer within five (5) business days of receipt a Title Report Objection Notice, Seller shall be deemed to have objected affirmatively to all matters set forth in the Title Report Objection Notice and the same shall constitute Seller’s refusal to correct, on or before the date of Closing, all title matters to which Buyer objected in the Title Report Objection Notice, subject to Seller’s obligation to cure certain exceptions pursuant to this Section 6.2. In the event Seller cannot correct such defects by Closing or chooses not to correct such defects subject to Seller’s obligation to cure certain exceptions pursuant to this Section 6.2, then Buyer may accept title as is without abatement or reduction of Purchase Price or Buyer may cancel this Agreement upon notice to Seller and receive a full refund of the Deposit. Upon delivery of Buyer’s notice canceling this Agreement, this Agreement shall thereupon be deemed canceled and become void and of no further effect, and neither party shall have any obligations of any nature to the other hereunder or by reason hereof, except for those provisions herein which by their terms expressly survive. Seller shall not be required to take or bring any action or proceeding or any other steps to remove any defect in or objection to title or to fulfill any condition or to expend any moneys therefor, nor shall Buyer have any right of action against Seller therefor, at law or in equity, provided, however, that, notwithstanding anything to the contrary contained herein, Seller shall remove or cause to be removed of record (i) the lien of any mortgage, security agreement, financing statement or any other instrument which evidences or secures indebtedness and affects the Property and (ii) any other liens or encumbrances against the Property, including without limitation mechanics liens, which were not caused by the acts or omissions of Buyer, its agents, contractors or representatives and which can be cured by the payment of money in liquidated amounts.

  • CAFA Notice Pursuant to 28 U.S.C. § 1715, not later than ten (10) days after the Agreement is filed with the Court, the Settlement Administrator shall cause to be served upon the Attorneys General of each U.S. State in which Settlement Class members reside, the Attorney General of the United States, and other required government officials, notice of the proposed settlement as required by law, subject to Paragraph 5.1 below.

  • Dispute Notice If there is a dispute between the parties, then either party may give a notice to the other succinctly setting out the details of the dispute and stating that it is a dispute notice given under this clause 17.1.

  • Notice to Purchaser DO NOT SIGN THIS CONTRACT UNTIL YOU READ IT OR IF IT CONTAINS BLANK SPACES.

  • NOTICE TO BUYER Do not sign this agreement before you read it or if it contains any blank spaces. This is a legal instrument. All pages of this contract are binding. Read both sides of all pages before signing. You are entitled to an exact copy of the agreement, school catalog, and any other papers you may sign, and are required to sign a statement acknowledging receipt of those.