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notice within said seven (7) day period, the City shall be deemed to have <br /> accepted all matters then affecting title to the Police Facility Site set forth <br /> in the Title Commitment. If the City does give said notice, the City shall <br /> be deemed to have accepted all matters set forth in the Title Commitment <br /> not set forth in the notice. After receipt of said notice, the Redeveloper <br /> shall endeavor to cure such objections to or defects in title set forth <br /> therein and shall notify the City of such election within five (5) days. If <br /> the Redeveloper elects not to cure any Objection(s), the City, within <br /> Seven (7) business days of receipt of notice thereof from the <br /> Redeveloper shall elect in writing either (i) to terminate this Agreement, <br /> or (ii) to proceed to close on the Lease subject to such Objection(s) as <br /> Permitted Exceptions. Failure of the City to notify the Redeveloper of <br /> the City's election within Seven (7) days of receipt of the Redeveloper's <br /> aforesaid notice shall be deemed an election to proceed to close on the <br /> Lease subject to such Objections as Permitted Exceptions. If this <br /> Agreement is not terminated, then in the event (i) the Redeveloper shall <br /> fail to cure any such Objections, if any, not deemed Permitted <br /> Exceptions, as aforesaid, on or prior to the Closing or(ii) further defects, <br /> liens, encumbrances, adverse claims, restrictions, rights-of-way, <br /> easements or other matters relating to the Redeveloper's title to the <br /> Project Site arise or are discovered after the effective date of the Title <br /> Commitment and are not removed by the Redeveloper or approved in <br /> writing by the City on or before the date of Closing, the Redeveloper <br /> shall be in breach of this Agreement and the City may pursue its <br /> remedies under Article X or, at the Citv's option, the City shall have the <br /> right to terminate this Agreement by giving written notice to the <br /> Redeveloper. Upon any such termination, this Agreement shall be null <br /> and void and of no further force and effect, except for the provisions <br /> hereof that expressly survive termination. <br /> (b) Failure to Cure Objections. In the event the Redeveloper fails to cure <br /> the City's objections to or defects in title within twenty (20) days of <br /> receiving notice of such objections to or defects in title, or if the <br /> Redeveloper shall determine that its efforts to cure will not be successful, <br /> the City may either (i) waive such title objections to or defects in title <br /> and proceed with closing hereunder or (ii) terminate this Agreement. In <br /> the event of termination, the parties shall have no further rights or <br /> liabilities under this Agreement. <br /> 4.5 Commencement of the Police Facility Lease. The Commencement Date of the Police <br /> Facility Lease shall be consummated as follows: <br /> 4.5.1 Closing Date. The Closing shall on be on the Delivery Date as set forth in the <br /> Lease. <br /> 4.5.2 Closing Date Certificate. A certificate shall be delivered to the City by the <br /> Redeveloper on the Closing Date, executed by the Redeveloper, to the effect that <br /> on and as of the Closing Date: <br /> 9 <br />