STATUS OF THE TITLE Sample Clauses

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”): (i) any state of facts disclosed by the Existing Survey and the Updated Survey; (ii) the Pedestrian Bridge Agreement (including Exception 15 in Schedule B-Part Two of the Commitment); (iii) the Metra Declaration (including Exceptions 16 and 17 in Schedule B-Part Two of the Commitment); (iv) Exceptions 13 and 14 in Schedule B-Part Two of the Commitment; (v) Any liens, encumbrances or other title exceptions or survey matters approved (or deemed approved) or waived by Purchaser as provided in Section 7; (vi) Property Taxes (as hereinafter defined) which are a lien but not yet due and payable (including Exceptions 1, 2 and 3 in Schedule B-Part Two of the Commitment); (vii) any installment of assessments affecting the Premises or any portion thereof which are a lien but not yet due and payable; (viii) any laws, rules, regulations, statutes, ordinances, orders, other legal requirements affecting the Property, including, without limitation, those relating to zoning and land use; (ix) 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 Premises to the extent disclosed on the Existing Survey and/or in the Commitment; (x) rights and interests held by tenants under the Leases in effect at Closing without any right to purchase all or a portion of the Property; and (xi) any matters or title exceptions arising by reason of acts or omissions of the Purchaser. Notwithstanding the foregoing, Seller’s and Purchaser’s agreements with respect to Monetary Liens are set forth in, and governed by, the terms of Section 7(a)(iii) below.
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STATUS OF THE TITLE. (a) Subject to the terms and provisions of this Agreement, the Premises shall be sold, assigned and conveyed to Purchaser, and Purchaser shall accept same, subject to the following (collectively, the “Permitted Encumbrances”): (i) Property Taxes (as hereinafter defined) which are a lien but not yet due and payable; (ii) any installment not yet due and payable of assessments affecting the Premises or any portion thereof; (iii) any laws, rules, regulations, statutes, ordinances, orders, other legal requirements affecting the Property, including, without limitation, those relating to zoning and land use; (iv) all violations of laws, rules, regulations, statutes, ordinances, orders or requirements, now or hereafter issued or noted; (v) 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 Premises; (vi) rights and interests held by tenants under the Leases in effect at Closing; and (vii) the Existing Indebtedness.
Sample 1
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"): I. those matters set forth on Exhibit 6Cal(il attached hereto;
Sample 1
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”): (a) Subject to Section 6.2(c), any liens, encumbrances or other title exceptions approved or waived by Xxxxxxxxx as provided in this Article; (b) real property ad valorem taxes, which are a lien but not yet due and payable, if any; (c) the MDA (and any recorded notice thereof); (d) the Brownfields Program Agreement (if entered into prior to Closing in accordance with Article 13); and (e) the A&R Restrictive Covenants. Notwithstanding anything to the contrary set forth in this Agreement, in no event shall any Monetary Lien constitute a Permitted Encumbrance, and all Monetary Liens shall be paid in full at or before the Closing or out of the proceeds otherwise due to the City.
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STATUS OF THE TITLE 
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Related to STATUS OF THE TITLE

  • Status of the Manager The services of the Manager to the Fund, or with respect to the Portfolio, are not to be deemed exclusive, and the Manager shall be free to render similar services to others, as long as its services to the Fund or to the Portfolio are not impaired thereby. The Manager shall be deemed to be an independent contractor and shall, unless otherwise expressly provided or authorized, have no authority to act for or represent the Fund in any way, or otherwise be deemed an agent of the Fund.

  • Status of the Parties The parties are independent contractors. Nothing in this Agreement is intended to or shall be construed to constitute or establish any agency, joint venture, partnership or fiduciary relationship between the parties, and neither party has the right or authority to bind the other party nor shall either party be responsible for the acts or omissions of the other.

  • Status of the Subadviser The services of the Subadviser to the Adviser and the Trust are not to be deemed exclusive, and the Subadviser shall be free to render similar services to others so long as its services to the Trust are not impaired thereby. The Subadviser shall be deemed to be an independent contractor and shall, unless otherwise expressly provided or authorized, have no authority to act for or represent the Trust in any way or otherwise be deemed an agent of the Trust.

  • Status of the Notes The Notes and any relative Receipts and Coupons are direct, unconditional, unsubordinated and (subject to the provisions of Condition 4) unsecured obligations of the Issuer and rank pari passu among themselves and (save for certain obligations required to be preferred by law) equally with all other unsecured obligations (other than subordinated obligations, if any) of the Issuer, from time to time outstanding.

  • Status of Parties The other party is not acting as a fiduciary for or an adviser to it in respect of that Transaction.

  • Tax Exempt Status of TIPS Members Most TIPS Members are tax exempt entities and the laws and regulations applicable to the specific TIPS Member customer shall control.

  • Status of Consultant It is the intent of the parties that Consultant shall be considered an independent contractor and that Consultant, and anyone else for whom it is legally liable, shall not be considered employees, servants or agents of the City for any purpose. Furthermore, this Agreement shall not be construed to create a partnership or joint venture between the Consultant and the City. Neither Consultant nor any of its employees or contractors shall be eligible to participate in City’s industrial insurance, unemployment, disability, medical, dental, life or other insurance programs, or any other benefit or program that is sponsored, financed or provided by City for its employees. Consultant agrees that it shall be Consultant’s exclusive responsibility to pay all federal, state, or local payroll, social security, disability, industrial insurance, self-employment insurance, income and other taxes and assessments related to this Agreement. Neither FICA (Social Security), FUTA (Federal Employment), nor local, state or federal income taxes will be withheld from payments to Consultant. Consultant shall at Consultant’s expense pay and be fully liable and responsible for, and indemnity and hold harmless City from, any assessments, fines or penalties relating to Consultant’s failure to uphold any of these responsibilities.

  • Status of the Agreement This Agreement shall supersede any rules, regulations, policies, resolutions or practices of the District, which shall be contrary to or inconsistent with its terms.

  • Status of the Company The Members acknowledge that this Agreement creates a partnership for federal income tax purposes. Furthermore, the Members hereby agree not to elect to be excluded from the application of Subchapter K of Chapter 1 of Subtitle A of the Code or any similar state statute.

  • Details of the transfer The details of the transfer and in particular the special categories of personal data where applicable are specified in Appendix 1 which forms an integral part of the Clauses.

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