Common use of Other Permitted Exceptions Clause in Contracts

Other Permitted Exceptions. The Permitted Exceptions shall include those matters shown in the Title Commitment, the Exception Documents, the Existing Survey and any New Survey which become Permitted Exceptions pursuant to sections 4.2 and 4.3 above and, in addition, the following: (a) the Lease; (b) taxes and assessments for the year in which Closing occurs and subsequent years; (c) liens and encumbrances arising after the date hereof to which Purchaser consents in writing; (d) Building, zoning (provided the same shall permit the use of the Property as a restaurant without the need for a special use permit, variance or grandfathering) and subdivision laws and ordinances, and local, state and federal laws, rules and regulations;(e) Any title exceptions arising out of the acts of Purchaser; and (f) Encumbrances permitted or arising in accordance with the terms of the Lease.

Appears in 4 contracts

Samples: Assignment of Purchase Agreement (Aei Net Lease Income & Growth Fund Xx Limited Partnership), Assignment of Purchase Agreement (Aei Real Estate Fund Xvii Limited Partnership), Assignment of Purchase Agreement (Aei Income & Growth Fund 25 LLC)

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