STATUS OF THE TITLE. (a) Subject to the terms and provisions of this Agreement, Seller’s interest in the Premises shall be sold, assigned and conveyed by Seller to Purchaser, and Purchaser shall accept same, subject to the following (collectively, the “Permitted Encumbrances”):
STATUS OF THE TITLE. Subject to the terms and provisions of this Agreement, at Closing, City shall deliver fee simple title to the Property free and clear of all liens and encumbrances except for the following (collectively, the “Permitted Encumbrances”):
STATUS OF THE TITLE. PERMITTED ENCUMBRANCES. Subject to the terms and provisions of this Agreement, Seller's interest in the Property shall be sold, assigned and conveyed by Seller to Purchaser, and Purchaser shall accept same, subject only to the following (collectively, the "Permitted Encumbrances"): the state of facts disclosed on the survey prepared by Xxxx X. Xxxxxx - X.X. Xxxxxxx, Inc. dated September 1, 1987, and last redated by visual examination on August 28, 2002, by Xxxxxx X. Links.; the standard printed exclusions from coverage contained in the ALTA form of owners title policy currently in use in New York, with the standard New York endorsement, and the easements, conditions, restrictions, agreements and encumbrances as set forth on SCHEDULE 3.1(b) annexed hereto; Non-Objectionable Encumbrances (as hereinafter defined) and any liens, encumbrances or other title exceptions approved or waived by Purchaser as provided in Section 4.1 Property Taxes (as hereinafter defined) which are a lien but not yet due and payable, subject to apportionment in accordance with Article VI hereof; any laws, rules, regulations, statutes, ordinances, orders or other legal requirements affecting the Property, including, without limitation, those relating to zoning and land use; any utility company rights, easements and franchises for electricity, water, steam, gas, telephone or other service or the right to use and maintain poles, lines, wires, cables, pipes, boxes and other fixtures and facilities in, over, under and upon the Property, provided that, in the case of any of the foregoing items which shall not be of record, the same do not materially adversely affect the present use of the Property; any installment not yet due and payable of assessments imposed after the date hereof and affecting the Property or any portion thereof; all violations of laws, rules, regulations, statutes, ordinances, orders or requirements, now or hereafter issued or noted; the Condominium Agreement; and the rights and interests held by tenants under the Leases in effect at Closing.
STATUS OF THE TITLE a. Subject to the terms and provisions of this Agreement, Seller shall sell, and Purchaser shall purchase, the Real Property, subject only to the following (collectively, the "Permitted Encumbrances"):
STATUS OF THE TITLE
