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this Agreement a title commitment ( "Commitment ") on the Property from a title company reasonably acceptable to Company (the "Title Company "), together with legible copies of all exceptions of record referenced therein; and at Company's expense (ii) not later than sixty (60) days after the date of this Agreement an ALTA survey of the Real Estate. Company shall have thirty (30) days after receipt of (i) such Commitment and legible copies of all exceptions referenced therein and (ii) the ALTA survey of the Property within which to notify Commission, in writing of Company's disapproval of any exceptions or other matters shown in any of the foregoing ( "Company's Disapproval Notice "). If Commission shall not have received any such notice of disapproval within the aforementioned time period, the Commitment and the condition of title shall be deemed approved. In the event of any such disapproval, within seven (7) days after delivery of Company's Disapproval Notice, Commission shall give Company written notice ( "Commission's Title Notice ") of those disapproved titled matters which Commission covenants and agrees to either eliminate from the "Title Policy" or to ameliorate to Company's satisfaction by Closing. If Commission does not elect in Commission's Title Notice to eliminate or ameliorate to Company's satisfaction any disapproved title matters or if Company disapproves Commission's Title Notice, Company shall have the right, in its sole and subjective discretion, to either (i) terminate this Agreement within fifteen (15) days after receipt of Commission's Title Notice by written notice to Commission, or (ii) to waive any such matter(s). If Commission does not eliminate or ameliorate to Company's satisfaction all such disapproved matters prior to or at the Closing, then Company shall have the right, to terminate this Agreement by written notice to Commission. However, Company will be deemed to have waived all such item if Company proceeds to close the transaction provided herein. Company, at Commission's expense, may obtain at closing an Owner's Policy of Title Insurance reasonable acceptable to Company with such endorsements as Company may designate insuring Company's interest in the Property, subject only to approved (or waived) title exemptions, which policy shall be issued by the Title Company with liability in the amount of the Purchase Price. Such policy is herein called the "Title Policy." The cost of issuance and all costs of all endorsements of the Title Policy in the amount of the purchase price will be paid by Commission at Closing ; and (c) The terms and conditions of the IPPUD. As a government entity, the Commission is exempt from taxation under Indiana law, and therefore, no taxes should have accrued against the Property while the Commission is the owner 2