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• <br /> days after the receipt of Developer's objections to give Developer notice that either: <br /> • (i) Agency shall remove any objectionable exceptions from title prior to close of <br /> escrow, and Agency shall promptly provide evidence satisfactory to Developer and to <br /> the Title Company of Agency's ability to so remove such exceptions; or (ii) Agency <br /> elects not to cause such exceptions to be removed. If Agency gives Developer notice <br /> under clause (ii), then Developer shall have ten (10) days to either waive such <br /> objections, in which event this Agreement shall continue in full force and effect, or <br /> terminate this Agreement by notice delivered to Agency within ten (10) days, failing <br /> which Developer shall be deemed to have waived such objections. <br /> • (d) Within fourteen (14) days after Developer has approved the Title <br /> Report pursuant to this Section, or fourteen (14) days after Agency has given <br /> satisfactory evidence of its ability to remove objectionable exceptions, and in no <br /> event later than ten (10) days prior to close of escrow, escrow agent shall deliver or <br /> cause to be delivered to Developer a title commitment (the "Tide Commitment ") for <br /> • an ALTA Owner's extended coverage policy of title insurance, Form CLTA <br /> (the 'Tide Policy"), issued by the Title Company in the amount of the Purchase Price <br /> and showing the status of the title of the Property and all exceptions, as such title <br /> and exceptions will appear upon close of escrow, including encumbrances, liens, <br /> adverse claims, easements, restrictions, rights -of -way, covenants, reservations and all <br /> other conditions, if any, affecting the Property which would appear in the Tide <br /> Policy, and committing the Title Company to issue such a Title Policy to Developer <br /> upon satisfaction of expressed conditions. Developer shall have ten (10) days from <br /> receipt of the Title Commitment in which to approve such conditions. <br /> Article Three: DISPOSITION OF PROPERTY <br /> • 3.01 Sale and Purchase. <br /> The Agency shall sell to Developer, and the Developer shall purchase from the <br /> Agency, the Property pursuant to the terms, covenants, and conditions of this <br /> Agreement. <br /> • 3.02 Purchase Price. <br /> The Purchase Price for the Property shall be: the Agency's actual purchase <br /> price, which includes, but is not limited to, the value of the land and improvements <br /> thereon; plus hazardous materials testing, remediation, compliance costs; and related <br /> Disposition and Development Page 8 of 39 <br /> Agreement (Automall) <br /> 10/2/96 <br />