Purchaser Title Objections definition

Purchaser Title Objections shall have the meaning set forth in Section 4.1.

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Purchaser Title Objections has the meaning set forth in Section 3.1(a). “Seller” has the meaning set forth in the first paragraph of this Agreement. “Seller Deliveries” has the meaning set forth in Section 6.2.

Purchaser Title Objections shall have the meaning set forth in Section 3.1(a). “Purchaser’s Representation Certificate” has the meaning set forth in Section 4.2(b). “Purchaser’s Title Notice” has the meaning set forth in Section 3.1(a).

Examples of Purchaser Title Objections in a sentence

If Seller fails to give Purchaser written notice of such election before the end of Seller’s Title Election Period, Seller shall be deemed to have elected not to attempt to cure the Purchaser Title Objections.
Seller shall have until 5:00 p.m. Boston time on the third (3rd) Business Day from its receipt of the Title Objection Notice (“Seller’s Title Election Period”) to give Purchaser notice as to whether Seller elects to use reasonable efforts to cure the Purchaser Title Objections by the Closing Date.
If Seller elects to use reasonable efforts to cure any one or more of Purchaser Title Objections, Seller shall in no event be required to bring or settle a lawsuit to clear any title defects and, except for Seller Mortgages, Seller shall never be required to expend more than the amount of the Title Cure Cap to cure all Purchaser Title Objections.
Upon the execution of this Amendment by Purchaser, the Study Period shall be deemed expired, Purchaser shall be deemed to have waived any right to give a Title Objection Notice or to make any Purchaser Title Objections under Section 4.1 of the P&S, and the P&S (including, without limitation, the Updates distributed to Purchaser on February 13, 2007), as amended hereby, shall be ratified and confirmed.
Seller shall have seven (7) days after receipt of such written notice to cure the Purchaser Title Objections, either by the removal of the Purchaser Title Objections or, if applicable, by the procurement of title insurance endorsements providing coverage against loss or damage as a result of the Purchaser Title Objections, in the form generally in use by the Title Company and approved by Purchaser in its sole and absolute discretion.
Purchaser’s failure to waive such Purchaser Title Objections or terminate this Agreement within the prescribed time period shall constitute Purchaser’s termination of this Agreement.
If Seller fails to give Purchaser written notice of such election before the end of Seller’s Title Election Period, Seller shall be deemed to have elected not to attempt to Remove the Purchaser Title Objections.
If Seller elects or is deemed to have elected not to attempt to cure any one or more of the Purchaser Title Objections, Purchaser shall have until 5:00 p.m. (East Coast Time) on January 7, 2008 to terminate this Agreement by written notice to Seller, in which event, the Deposit shall be refunded to Purchaser and, except for the applicable Surviving Obligations, Purchaser and Seller shall have no further obligations or liabilities under this Agreement.
If Seller elects to use reasonable efforts to cure any one or more of the Purchaser Title Objections, Seller shall have until the Closing Date to complete such cure, failing which Purchaser shall have the option of either accepting the title as it then is or terminating this Agreement.
If Sellers fail to give Purchaser written notice of such election before the end of Seller’s Title Election Period, Sellers shall be deemed to have elected not to attempt to cure the Purchaser Title Objections.

More Definitions of Purchaser Title Objections

Purchaser Title Objections shall have the meaning set forth in SECTION 4.1.

Purchaser Title Objections shall have the meaning set forth in Section 4.1. 4 “Purchaser’s Surviving Obligations” shall mean Purchaser’s obligations intended expressly by their terms to survive Closing or the earlier the termination of this Agreement, including, without limitation, those obligations under Sections 5.1, 5.3, 9.1, 11.8 and 11.18 of this Agreement “Real Property” shall mean, collectively, the Land and the Improvements. “Seller Broker” shall have the meaning set forth in Section 9.1. “Seller Mortgage” shall mean any mortgage or deed of trust granted or assumed by Seller and encumbering the Property or any portion thereof. “Seller Parties” shall mean Seller and its shareholders, agents, officers, directors, trustees, advisors, managers, members, employees and counsel. “Seller Representations” shall mean the representations and warranties of Seller expressly set forth in Section 7.2. “Seller’s Title Election Period” shall have the meaning set forth in Section 4.1. “Study Period” shall mean the period commencing on the Effective Date and ending at 5:00 p.m., Houston, Texas time, on December 19, 2014. “Tenant” shall mean Lexicon Pharmaceuticals, Inc. “Title Company” shall mean ▇▇▇▇▇▇▇ Title Commercial, having an office address at ▇▇▇▇ ▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇, Attention: ▇▇▇▇▇ ▇▇▇▇▇. “Title Documents” shall mean all documents referred to in the Title Commitment. “Title Objection Date” shall mean December 4, 2014. “Title Objection Notice” shall have the meaning set forth in Section 4.1. “Utility Deposits” shall mean all deposits made by or on behalf of Seller with the Persons providing water, sewer, gas, electricity, telephone and other utilities to the Real Property.

Purchaser Title Objections has the meaning set forth in Section 4.1. “REA Estoppels” has the meaning set forth in Section 4.1. “Real Property” shall mean, collectively, the Land and the Improvements for all of the real estate described on Exhibit A attached. “Reciprocal Easement Agreements” shall mean any and all reciprocal easement agreements, declarations of covenants, conditions, restrictions and casements, party wall agreements, “tie-back” agreements, common area agreements, shared maintenance agreements, common use agreements or similar agreements or understandings which burden or benefit the Real Property and other adjacent real property, and all supplements, amendments, modifications and memoranda thereof, relating to the development, use, operation, management, maintenance or occupancy of the Real Property. “Required Endorsements” shall mean the following ALTA endorsements (to the extent legally available in the jurisdiction in which the Real Property is located): (a) Form 9 - Comprehensive (modified as appropriate for an owner’s policy); (h) Form 3.l Zoning (including parking and loading); (c) survey endorsement; (d) access endorsement; (e) if the land on which the Property is located consists of more than one parcel, a contiguity endorsement; and (f) a tax parcel endorsement. “Restricted Period” shall mean the period commencing five (5) Business Days before the end of the Study Period and ending on the earlier of the Closing or the termination of this Agreement. “Seller” has the meaning set forth in the first paragraph of this Agreement.