Common use of Developer Objections Clause in Contracts

Developer Objections. Within ten (10) days after Developer’s receipt of the last of the Title Evidence, Developer may make written objections (“Objections”) to the form or content of the Title Evidence. The Objections may include without limitation, any easements, restrictions or other matters which may interfere with the proposed use of the Property or matters which may be revealed by any survey. Any matters reflected on the Title Evidence which are not objected to by Developer within such time period or waived by Developer in accordance with Section 3.7(b)(2) shall be deemed to be permitted encumbrances (“Permitted Encumbrances”). Notwithstanding the foregoing, the following items shall be deemed Permitted Encumbrances: 1. Covenants, conditions, restrictions (without effective forfeiture provisions) and declarations of record, if any; 2. Reservation of minerals or mineral rights by the State of Minnesota, if any; 3. Utility and drainage easements which do not interfere with the Proposed Use; and 4. Applicable laws, ordinances, and regulations. Developer shall have the renewed right to object to the Title Evidence as the same may be revised or endorsed from time to time.

Developer Objections. Within ten (10) days after DeveloperXxxxxxxxx’s receipt of the last of the Title Evidence, Developer may make written objections (“Objections”) to the form or content of the Title Evidence. The Objections may include without limitation, any easements, restrictions or other matters which may interfere with the proposed use of the Property or matters which may be revealed by any survey. Any matters reflected on the Title Evidence which are not objected to by Developer within such time period or waived by Developer in accordance with Section 3.7(b)(2) shall be deemed to be permitted encumbrances (“Permitted Encumbrances”). Notwithstanding the foregoing, the following items shall be deemed Permitted Encumbrances: 1. Covenants, conditions, restrictions (without effective forfeiture provisions) and declarations of record, if any; 2. Reservation of minerals or mineral rights by the State of Minnesota, if any; 3. Utility and drainage easements which do not interfere with the Proposed Use; and 4. Applicable laws, ordinances, and regulations. Developer shall have the renewed right to object to the Title Evidence as the same may be revised or endorsed from time to time.