Curative Documents definition
Examples of Curative Documents 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.
Prior to the Closing Date, Seller has delivered to Purchaser true, correct, and complete copies of Curative Documents or other forms through which Seller has cured the Initial Title Objections and the Closing Date Title Objections in accordance with the standards and processes described in Section 5.4.1 and Section 5.4.2.
Seller will be responsible for the payment for all Title Commitments (and any amendments, updates, and supplements thereto) and all recording charges and expenses incurred in connection with recording any Project Real Property Agreement (or amendments or memoranda thereof), any Curative Documents, and any fees and related charges incurred for title curative measures, the Title Commitment, and Updated Title Commitment.
The determination of Defective Title hereunder shall have no legal effect on the rights and obligations of the Parties set forth in the Lease, including without limitation, the Warrant of Title and Interest, Proportionate Reduction, and Curative Documents requirements contained therein.
Notwithstanding the foregoing, ▇▇▇▇▇ and Seller agree that due to the high number of documents involved under this Agreement, all documents submitted to Seller for consideration of being Buyer-approved Curative Documents must be submitted in an organized and efficient manner to facilitate their review.
Thereafter, Seller shall work with diligence and good faith to furnish all information that Buyer requires pursuant to the Title Objection Notice and cure all objections made by Buyer in the Title Objection Notice by curative actions, including utilizing curative documents on forms approved by Buyer (including those pre-approved as Buyer-approved Curative Documents) and the Title Insurer.
Executed Curative Documents shall be made available on such Secured File-Transfer Website as soon as practicable after their full execution and no later than as set forth below.
Except for any such Permitted Title Exception or Permitted Encumbrance, prior to the Effective Date (and as a condition to Buyer’s obligation to Closing), all Title Objections shall have been eliminated as an exception to the Title Reports and all such Non-Disturbance Agreements and Curative Documents, each in form and substance reasonably acceptable to Buyer, shall have been executed and delivered and true, correct and complete copies thereof shall have been delivered to Buyer.
From the receipt of the updated Title Objection Letter to the Closing Date, Seller shall use Commercially Reasonable Efforts to cause to be cured each Closing Date Title Objection to Purchaser’s reasonable satisfaction by Curative Actions or by utilizing Curative Documents on forms approved by Purchaser and the Title Company.
To that end, all documents to be considered for such approval may only be submitted to Seller by being clearly identified as proposed draft Curative Documents and located in the above-referenced required folder of the Secured File Transfer Website.