Objectionable Matters definition
Examples of Objectionable Matters in a sentence
If Buyer gives notice to Seller of its election of option (ii) above, Seller shall notify Buyer in writing within five (5) days after receiving Buyer’s written notice of Objectionable Matters if Seller does not intend to remove (or cause Escrow Agent to endorse over, to Buyer’s satisfaction) or otherwise cure any such Objectionable Matters.
Seller’s lack of response shall be deemed as Seller’s election not to remove or otherwise cure the Objectionable Matters prior to ▇▇▇.
If Buyer shall fail to give Seller written notice of Buyer’s election within three (3) business days of Buyer’s receipt of Seller’s written election pursuant to the preceding sentence (or if later, the end of the Due Diligence Period), Buyer shall be conclusively deemed to have waived all Objectionable Matters that Seller has not elected (or has withdrawn its election) to attempt to cure and any right to terminate this Agreement pursuant to this Paragraph 3(c) as a result thereof.
The cost of the Owner’s Policy shall be paid by the Seller; provided, however, that any additional costs for an extended coverage policy, endorsements thereto (excluding, however, those endorsements required to cure one or more Objectionable Matters (as hereinafter defined), which endorsements shall be issued at Seller’s sole cost and expense), or any lender’s title policy shall be paid by Buyer.
If Seller fails to give Buyer notice pursuant to the prior sentence, or if Seller gives Buyer notice under clause (ii), Buyer shall have the right in its sole discretion either to waive in writing all Objectionable Matters that Seller has not elected to attempt to cure and proceed with the Transactions pursuant to this Agreement, or terminate this Agreement pursuant to Paragraph 3(f).
If Buyer shall fail to give Seller written notice of Buyer’s election to terminate this Agreement pursuant to the preceding sentence, prior to the expiration of the Due Diligence Period, then Buyer shall be conclusively deemed to have waived all Objectionable Matters that Seller has not elected to attempt to cure and to have waived any right to terminate this Agreement pursuant to this Paragraph 3(c) as a result thereof.
Seller shall notify Buyer in writing within five (5) days after receiving Buyer’s written notice of disapproval or objection if Seller does not intend to remove (or cause the Escrow Agent to endorse over to Buyer’s satisfaction) or otherwise cure any such Objectionable Matters.
If Buyer gives notice to Seller of its election of option (ii) above, Seller shall notify Buyer in writing within ten (10) days after receiving Buyer’s written notice of Objectionable Matters if Seller does not intend to remove (or cause Escrow Agent to endorse over, to Buyer’s satisfaction) or otherwise cure any such Objectionable Matters.
Seller’s lack of response shall be deemed as Seller’s affirmative commitment to remove or otherwise cure the Objectionable Matters prior to ▇▇▇.
Seller shall notify Buyer in writing within five (5) days after receiving Buyer’s written notice of disapproval or objection, if Seller does not intend to remove (or cause the Escrow Agent to endorse over, to Buyer’s satisfaction) or otherwise cure any such Objectionable Matters.