Title Defect Remedy Date definition
Examples of Title Defect Remedy Date in a sentence
EXCO shall have the right, but not the obligation, to attempt, at its sole cost, to cure at any time prior to the Title Defect Remedy Date (the “Title Cure Period”), any Title Defects of which it has been advised by BG.
In the event that the Parties do not agree in writing by the Title Defect Remedy Date on an election of alternative (i), (ii) or (iii) above with respect to any Title Defect, they shall be deemed to have elected alternative (i), provided that if the existence of a Title Defect or the Title Defect Amount asserted with respect thereto is disputed, no payment shall be made until the dispute is resolved pursuant to Section 11.2(j).
In the event that the Parties do not agree in writing by the Post-Closing Title Defect Remedy Date on an election of alternative (A), (B) or (C) above with respect to any Post-Closing Title Defect, they shall be deemed to have elected alternative (A), provided that if the existence of a Post-Closing Title Defect or the Title Defect Amount asserted with respect thereto is disputed, no payment shall be made until the dispute is resolved pursuant to Section 11.2(j).
Seller shall have the right, but not the obligation, to attempt, at its sole cost, to cure at any time prior to (i) Closing, in the case of any Pre-Closing Title Defects, and (ii) the Post-Closing Title Defect Remedy Date, in the case of any Post-Closing Title Defects (in each case, the “Cure Period”), any Title Defects of which it has been advised by Buyer.