Approved Title Conditions definition

Approved Title Conditions means title that is subject to current property taxes and assessments, Senior Loans and easements and other encumbrances specifically approved by the Mayor.

Approved Title Conditions means title that is subject to current property taxes and assessments, Permitted Mortgages and any other easements and other encumbrances specifically approved by the Agency Executive Director.

Approved Title Conditions means the items contained on Schedule B of the Title Report, and other covenants, conditions, restrictions and easements arising out of the provisions of this Agreement or caused by or on behalf of Developer.

Examples of Approved Title Conditions in a sentence

• All of the Personal Property is owned by the Fee Owner free and clear of all Encumbrances, except for the Approved Title Conditions, Contracts listed on Exhibit H and indebtedness of the Fee Owner that will be discharged at Closing pursuant to this Agreement.

• Matters affecting the Property created by or with the written consent of Buyer shall constitute Approved Title Conditions.

• At the Close of Escrow, the Title Company shall issue to Buyer its standard Owner’s Policy of Title Insurance (“Title Policy”) in the amount of the Purchase Price showing title to the Property vested in Buyer and subject to the Approved Title Conditions.

• Seller or the applicable Seller Subsidiary, as the case may be, has good indefeasible, marketable and insurable title to all real property (other than leasehold real property) and good and merchantable title to all other assets (other than real property), tangible and intangible, constituting a part of the Seller Assets, in each case free and clear of all Liens, except (i) Permitted Liens, (ii) Liens set forth on Section 3.5(a) of the Seller Disclosure Schedule and (iii) Approved Title Conditions.

• Notwithstanding Section 5.3 and Section 7.6, Buyer may, by notice given to Seller at any time prior to the earlier of (x) the Closing Date and (y) the termination of this Agreement, elect to accept such title as Seller can convey, notwithstanding the existence of any title exceptions which are not Approved Title Conditions.

More Definitions of Approved Title Conditions

Approved Title Conditions shall have the meaning set forth in ------------------------- Section 4.1 hereof.

Approved Title Conditions is defined in Section 4(a).

Approved Title Conditions means any one or more of the following: (a) Liens for real property taxes and assessments not then delinquent; (b) the Lien of supplemental Taxes assessed pursuant to Chapter 3.5 commencing with Section 75 of the California Revenue and Taxation Code, to the extent that such supplemental Taxes are attributable to the transactions contemplated by this Agreement; (c) matters set forth on the Title Reports other than Disapproved Title Matters; and (d) matters of title created following the date of this Agreement by or with the written consent of ATS. Assets shall mean the business and the tangible and intangible assets owned by Meridian and used in connection with the conduct of the business or operations of the Meridian Business, which business and assets are being exchanged, transferred or otherwise conveyed hereunder, including without including without limitation the following:

Approved Title Conditions. Has the meaning set forth in Paragraph 5.

Approved Title Conditions. (A) a lien for general real property taxes not yet due and payable (which shall be prorated in accordance with the provisions of this Agreement); (B) matters of title respecting the Property approved by Buyer in accordance with this Section 2.3; (C) matters affecting the condition of title to the Property created by or with the written consent of Buyer; (D) the Sewer Easement upon recordation in the Office of the Assistant Registrar of the Land Court of the State of Hawaii and/or the Bureau of Conveyances of the State of Hawaii, as applicable; and (E) the liens of the Mortgage and any other security instrument related to the Conduit Loan. The commitment by Title Company to issue to Buyer an ALTA Extended Coverage Owner’s Policy of Title Insurance (2006 form) with liability in the amount of the Purchase Price and with such endorsements reasonably requested by Buyer, showing fee title to the Property vested in Buyer subject only to the Approved Title Conditions, shall be a condition precedent to closing (“Title Policy”).

Approved Title Conditions means all liens, encumbrances, assessments, easements, leases and taxes identified in the Title Report which are acknowledged and approved by the City and Developer prior to Close of Escrow.

Approved Title Conditions has the meaning ascribed to such term in Section 2.2.