Curative Actions definition

Curative Actions means Seller’s affirmative actions, including obtaining Curative Documents, curing an Initial Title Objection or Closing Date Title Objection, as applicable, by modifying the Project such that the applicable Initial Title Objection or Closing Date Title Objection (a) does not have, and would not reasonably be expected to have, a material adverse effect on the development, permitting, construction, operation, use, or maintenance of the Project, including the cost of operation and maintenance of the Project, and (b) does not have, and would not reasonably be expected to have, a material adverse effect on the capacity, availability, operations, reliability, schedule, or safety (including safety of construction) of the Project.
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Curative Actions has the meaning set forth in Section 7(c).
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Examples of Curative Actions in a sentence

  • From the receipt of the Title Objection Letter to ten (10) Business Days prior to the Closing Date, Seller shall use Commercially Reasonable Efforts to cause to be cured each Initial Title Objection to Purchaser’s reasonable satisfaction by Curative Actions or by utilizing Curative Documents on forms approved by Purchaser and the Title Company.

  • Schedule I: Intentionally deleted Schedule J: Form of Acquisition Warrant Certificate Schedule K: Form of NPI Royalty Schedule L: Registration Rights Agreement Schedule M: PR Pre-Closing Reorganization Schedule N: Key Regulatory Approvals Schedule O: Title Curative Actions Any information or disclosures set forth on a Schedule to this Agreement shall reference with particularity the section or subsection number of the Agreement to which such information or disclosure is set forth on the Schedule.

  • In the event Seller fails to effectuate Curative Action(s) satisfactory to Purchaser, and the Title Company is unwilling to insure over (at Seller’s expense) any of the title exceptions set forth in Exhibit P hereto (each, an “Outstanding Title Exception”), Seller will indemnify the Purchaser Indemnified Parties for Losses incurred by any Purchaser Indemnified Party to the extent resulting from any of the Outstanding Title Exceptions, up to [Amount] ([$XXX]) in the aggregate.

  • At the expiration of five years, except for those conditions for which Seller has received written notice from Buyer or for which Seller has undertaken to indemnify Buyer within the five year time period, Seller shall have no further obligation, duty or responsibility to perform Curative Actions or to indemnify Buyer.

  • Closing is contingent upon Seller either (i) obtaining the grantor's written consent to Seller's assignment of the right-of-way agreements set forth in Exhibit B, or (ii) Seller completing all required Curative Actions for the Right of Way Interests or (iii) Seller's and Buyer's agreement to proceed to Closing and the pursuit of Curative Actions after Closing, pursuant to Section 8.

  • If the arbitrator determines that PHC ---------- SUB has materially breached the terms of the Curative Actions, the Practice may immediately terminate this Agreement via 15 days prior written notice to PHC-SUB and Agent.

  • Consistent with the Servicer’s current practices, it shall make its collateral curative team currently located in Oklahoma City, Oklahoma (the “OKC Team”) available to Client for the Collateral Curative Actions.

  • Seller, at Seller's sole cost and expense, shall diligently undertake the Curative Action as necessary to remedy such condition, or Seller shall provide Buyer with written notice of Seller's election to defer the Curative Action in return for Seller providing Buyer with indemnity for any and all damages, including punitive damages asserted by third parties, not a party to this Agreement, arising as a result of Seller's failure to complete the deferred Curative Actions.

  • Any payment obligation imposed by any grantor, in order to gain consent, effect an assignment of the Right-of-Way Interests, to replace or amend an existing right-of-way agreement or related to other Curative Actions, will be paid by Seller at the time said payment obligations become due to each applicable grantor, subject, however, to the limitations set forth in Section 8(b).

  • Notwithstanding the foregoing, until the end of the sixty-sixth (66/th/) month following the Effective Date, PHC may not prevent the Practice from terminating this Agreement by paying the Practice the amount of the Actual Damages or taking the Curative Actions under this Section 8.2(d)(i) more than once during ----------------- each one-year period of the term of this Agreement.