Acceptable Title means free and clear of all monetary liens, encumbrances, assessments, whether any such item is recorded or unrecorded, and taxes, except those items which are reasonably determined by the Local Agency Engineer in his sole discretion not to interfere with the intended use and therefore are not required to be cleared from the title.
Acceptable Title means title to land or interest therein, in form acceptable to the Director, free and clear of all liens, taxes, assessments, leases, easements and encumbrances, whether or not recorded, but subject to any exceptions determined by the Director as not interfering with the actual or intended use of the land or interest therein. Notwithstanding the foregoing, an irrevocable offer of dedication may constitute land with an “Acceptable Title” if: (i) such offer is necessary to satisfy a condition to a tentative or final parcel map, (ii) such offer is in a form acceptable to the Director,
Acceptable Title means title to the portion of the property to be conveyed free and clear of all taxes, liens, encumbrances, assessments, easements, leases, whether any such item is recorded or unrecorded, except (i) non-delinquent taxes and assessments and (ii) those non-monetary encumbrances and easements which are reasonably determined by the City not to interfere with the intended use of the portion of the property. As a further condition to the payment of the Retained Increment of the Purchase Price for any Acquisition Improvement, Developer at its sole initial cost and expense, subject to reimbursement pursuant to Section 7, shall cause to be issued a policy of title insurance for such portion of the property in an amount not to exceed the Purchase Price and in the form normally required by City in connection with the dedication of land for subdivision improvements and containing such title endorsements as may be reasonably requested by City. City’s final acceptance of the portion of the property and the Acquisition Improvements constructed thereon shall not be unreasonably withheld or delayed.
Examples of Acceptable Title in a sentence
The Owner shall furnish to the City a preliminary title report for land with respect to Facilities to be acquired by the City and not previously dedicated or otherwise conveyed to the City, for review and approval at least thirty (30) business days prior to the transfer of the Acceptable Title to a Facility to the City.
Notwithstanding the foregoing, upon written request of the City before payment for any Discrete Component of such a Facility, the Owner shall convey or cause to be conveyed Acceptable Title thereto in the manner described in Sections 4.1 and 4.2 hereof.
The City shall withhold payment for any Discrete Component or Facility constructed on land not already owned by the City or other public entity, until Acceptable Title to such land is conveyed to the City or other public entity that will own the respective Facility, as described in Article IV hereof.
The Owner agrees to assist the City in obtaining such documents as are required to obtain Acceptable Title.
More Definitions of Acceptable Title
Acceptable Title means, as of the Closing Date, as to each of the Properties, such right, title and interest that as to the existing production from the currently producing intervals in the proved developed producing ("PDP") Wellx xxx Units, as to the evaluated interval(s) in the proved undeveloped ("PU") Wellx xxx Units and as to the evaluated interval(s) in the proved developed non-producing ("BHP") Wellx xxx Units described on Exhibit "B", (a) entitles SELLER to receive not less than the net revenue interest for the Wellx xx Units, as set forth in Exhibit "B", of all oil, gas and associated liquid and gaseous hydrocarbons produced, saved and marketed from the Leases or Units as indicated for the respective Wellx xxxreon, without reduction (potential or otherwise) due to any reversionary or back-in interest or similar rights, (b) obligates SELLER to bear costs and expenses relating to the maintenance, development, and operation of the Leases or Units, as indicated for the respective Wellx xxxreon at all times in an amount not greater than the working interest set forth on Exhibit "B", unless there is a corresponding increase in the applicable net revenue interest, and (c) except for Permitted Encumbrances (as herein defined), is free and clear of: (i) all liens, claims and encumbrances; (ii) any default or potential default under any Lease or Contract that adversely affects any Property; and (iii) any facts or circumstances that result or could result in a restriction or termination of BUYER's right to own, operate or use any Property; provided, however, that (x) the presence of a preferential right to purchase provision ("Preferential Rights") shall not be considered to be a Defect (as defined in Section 3.5 below); and (y) no Title Defect (as hereinafter defined) may be asserted by BUYER in connection with matters that are customarily acceptable defects, such as, but not limited to, defects that have been cured by possession under applicable statutes of limitation, defects in the early chain of title such as failure to recite marital status in documents, omission of heirship or succession proceedings, lack of survey, and failure to record releases of liens, production payments or mortgages that have expired by their own terms or the enforcement of which are barred by applicable statutes of limitation. BUYER acknowledges and agrees that any net revenue interests and working interests reflected on Exhibit "B" are for the convenience of SELLER and BUYER and included solel...
Acceptable Title means, as to the Properties, such right, title and interest that (a) entitles Seller to receive not less than the net revenue interests set forth in Exhibit "B" of all oil, gas and associated liquid and gaseous hydrocarbons produced, saved and marketed from the Properties; (b) obligates Seller to bear costs and expenses relating to the maintenance, development and operation of the Xxxxx relative to the respective Properties in a percentage not greater than the working interests set forth in Exhibit “B” for each, unless there is a corresponding increase in the applicable net revenue interest; (c) entitles Altex to receive not less than the net revenue interests set forth in Exhibit “B-1” of all oil, gas and associated liquid and gaseous hydrocarbons produced, saved and marketed from the Properties; (d) obligates Altex to bear costs and expenses relating the maintenance, development and operation of the Xxxxx relative to the respective Properties in a percentage not greater than the working interests set forth in Exhibit “B-1” for each, unless there is a corresponding increase in the applicable net revenue interest; (e) except for Permitted Encumbrances, Seller’s interests and Altex’s interests in and to the Properties are free and clear of all liens, claims and encumbrances; and (f) is free of Title Defects.
Acceptable Title shall have the meaning set forth in Section 4.3.
Acceptable Title means title to real property or interest in real property free and clear of all liens, taxes, assessments, leases, easements, and encumbrances, whether or not recorded, except for: (a) those determined not to interfere materially with the intended use of such real property; (b) those required to satisfy the terms of the DDA; and (c) if the lien is for any existing CFD, then the lien of the special taxes shall be a permitted exception to title so long as the real property, while owned by any Governmental Entity, is exempt from the special tax to be levied by the CFD.
Acceptable Title has the meaning as set forth in Section 3.1.
Acceptable Title means free and clear of all monetary liens, encumbrances, assessments, whether any such item is recorded or unrecorded, and taxes, except (i) those items which are reasonably determined by the City Engineer not to interfere with the intended use and therefore are not required to be cleared from the title and (ii) the lien of the Community Facilities District or any other community facilities district or assessment district provided that the property owned by the City is exempt from such taxation or assessment.
Acceptable Title means such title to the fee simple title to the Fee Parcels or the leasehold estate in and to the Ground Lease, as the case may be, as any Reputable Title Insurance Company licensed to conduct business in the State of New York would be willing to insure to Purchaser without exception other than the Permitted Title Exceptions and the standard preprinted exclusions and general conditions customary in an owner's title insurance policy issued in the State of New York. For all purposes under this Agreement, "Reputable Title Insurance Company" shall mean Chicago Title Insurance Company, LandAmerica Title Insurance Company, Commonwealth Land Title Insurance Company and/or First American Title Insurance Company.