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, (i) as to the Gas Plants, such right, title and interest expressed on Exhibit "A" hereto that is free and clear of all liens, claims and encumbrances, except for "Permitted Encumbrances" (provided however, that the presence of a preferential right to purchase provision shall not be considered a Defect); and (ii) as to the Subject Properties, such right, title and interest that, as to the currently producing intervals in the Wellx (xxgardless of any change in the productive status of any Well), (a) entitles Seller to receive not less than the net revenue interest set forth in Exhibit "A" hereto of all oil, gas and associated liquid and gaseous hydrocarbons produced, saved and marketed from the currently producing intervals of the respective Wellx, (x) obligates Seller to bear costs and expenses relating to the maintenance, development, and operation of the Wellx xxxative to the respective Subject Properties in a percentage not greater than the working interest set forth in Exhibit "A" hereto for each, unless there is a corresponding increase in the applicable net revenue interest, and (c) except for Permitted Encumbrances, is free and clear of all liens, claims and encumbrances; provided, however that the presence of a preferential right to purchase provision shall not be considered to be a Defect . Evidence that Seller receives its full share of proceeds from a purchaser or third party operator (not under a 100% or other division order requiring Seller to further distribute proceeds to third parties) for an Asset creates a rebuttable presumption that no Title Defect exists with respect to the Asset. As provided herein, Purchaser must notify Seller in writing if Purchaser determines or discovers that Seller's net revenue interest or working interest is greater than that shown on Exhibit "A" hereto. Purchaser acknowledges and agrees that any net revenue interests and working interests reflected on Exhibit "A" hereto are for the convenience of Seller and Purchaser and included solely for the purpose of determining Acceptable Title prior to Closing; Seller does not and shall not represent or warrant that the Sale Interest is equal to any such interests in any respect, but agrees that (i) for purposes of determining Defects prior to Closing, with respect to those Subject Properties listed on Exhibit "A" hereto with "0.0000" "APO" interests, the "APO" interests shall be deemed to be the same as the corresponding "BPO" interests, and (ii) Purchaser may ass...
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,
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 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.
Acceptable Title shall have the meaning set forth in Section 4.3.
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 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 title to land, or an easement therein, delivered free and clear of all liens, taxes, assessments, leases, easements and encumbrances, whether any such item is recorded or unrecorded, except those non-monetary items which are reasonably determined by the City not to interfere with the intended use of such land or easement and therefore are not required to be cleared from title.