Disapproved Exceptions definition

Disapproved Exceptions is defined in Section 6.4(c).

Disapproved Exceptions means exceptions to title shown in a PTR that are timely disapproved by the Acquiring Party pursuant to Section 4.2 hereof.

Disapproved Exceptions as defined in Section 5.9(a)(B).

Examples of Disapproved Exceptions in a sentence

• In the event Seller elects to cure any Disapproved Exception but is unable to do so or does not do so by the Closing Date, Buyer may (i) terminate this Agreement and receive a full refund of the Deposit and accrued interest thereon, or (ii) elect to waive its objection to the Disapproved Exception(s) in question and proceed to close escrow.

• Seller shall have until two (2) business days following Seller’s receipt of Buyer’s Notice to deliver written notice to Buyer that Seller intends to use good faith efforts to remove one or more of the Disapproved Exception(s) to Buyer’s satisfaction at Seller’s expense, with Seller’s failure to timely deliver such written notice to Buyer to constitute Seller’s election and notice to Buyer that Seller does not intend to attempt to remove the Disapproved Exception(s).

• Buyer may waive in writing such Disapproved Exception(s) and proceed to close the transaction; and Buyer hereby agrees that any Disapproved Exception that is listed on the Title Commitment referred to in the first sentence of this Section 3.2 which Seller elects not to remove shall be deemed waived if Buyer fails to terminate this Agreement prior to the expiration of the Contingency Period unless Seller has agreed to remove same prior to the Closing Date.

• Buyer shall exercise such election by delivery of written notice to Seller and Escrow Holder within five (5) days following the earlier of (i) the date of written advice from Seller that such Disapproved Exception(s) cannot be removed; or (ii) the date Seller declines to remove such Disapproved Exception(s).

• However, as soon as practical, but in no event later than five (5) days after the date Transferring Party receives the Acquiring Party’s written notice disapproving any title exceptions contained in the PTR, the Transferring Party shall notify the Acquiring Party in writing of any Disapproved Exceptions which the Transferring Party is unable or unwilling to cause to be removed or insured against prior to or at Closing (“Unresolved Exceptions”).

More Definitions of Disapproved Exceptions

Disapproved Exceptions is defined in Section 5.3 of this Agreement.

Disapproved Exceptions has the meaning ascribed to such term in Section 5.1(a).

Disapproved Exceptions shall have the meaning set forth in Section 408(1) EE. (§231) Discretionary Entitlement(s).

Disapproved Exceptions meanS eXceptionS to title Shown in a PTR that are timely diSapproved by the Acquiring Party purSuant to Section 4.2 hereof.

Disapproved Exceptions is defined in Section 4.1(a). “Disclosing Party” is defined in Section 13.2.

Disapproved Exceptions is defined in Section 2.5.2.

Disapproved Exceptions has the meaning set forth in Section 5.8(c).