New Matters shall have the meanings given to such terms in Section 5.1(j)(i) hereof.

New Matters has the meaning set forth in Section 2.1(a).

New Matters means any exceptions to title or other matters affecting title to a Project disclosed by an Updated Title Report or Survey that was not disclosed in the Title Reports and Surveys identified on the Schedule of Title Reports and Surveys, or if as to any Project, more than one Updated Title Report or Survey has been issued, such matter was not disclosed in any prior Updated Title Report or Survey, or any title exceptions or encumbrances entered into by Seller after the Effective Date. Buyer and Seller will cooperate with each other in good faith to arrive at mutually satisfactory legal descriptions for each Project to clean up scrivener’s errors and other minor defects in the legal descriptions. In no event will the matters referenced in the immediately preceding sentence constitute a default on the part of either party or give rise to any right or remedy or be deemed to have a Material Impact under this Section 3.3.

Examples of New Matters in a sentence

Each New Matters Objection Notice shall list each item of dissatisfaction or objection with respect to such New Matters (each, a “New Matters Objection” and collectively, the “New Matters Objections”).
Seller shall have the right, but not the obligation, to elect to cure, at Seller’s sole cost and expense, one or more of the New Matters Objections by delivering written notice of such election to Buyer within two (2) Business Days of Seller’s receipt of a New Matters Objections Notice (the “New Matters Cure Notice”).
In the event Buyer fails to timely object to a New Matter, such New Matter shall be deemed to constitute a “Permitted Title Exception” to the extent such New Matter relates to fee title to the Real Property, except to the extent such New Matters are Monetary Obligations which Seller is obligated to remove pursuant to Section 5.1(f) of this Agreement.
If Buyer is not satisfied for any reason with one or more of the New Matters disclosed in Seller’s New Matters Notice, Buyer may give Seller written notice (the “New Matters Objection Notice”) within five (5) Business Days, after the date of Buyer’s receipt of such New Matters Notice.
Seller timely cures to the satisfaction of Buyer all New Matters Objections that Seller elects to cure pursuant to Section 5.1(j)(iii) hereof.

More Definitions of New Matters

New Matters has the meaning set forth in Section 6.05.

New Matters shall have the meaning set forth in Section 3.4(c).

New Matters shall have the meaning given to such term in Section 4.1(d) hereof.

New Matters shall have the meaning set forth in Section 6.17.

New Matters means matters of record affecting the City Property which are not caused or created by Developer or its agents or contractors or which are caused or created by the City without Developer’s consent.

New Matters as defined in Section 7.3.

New Matters means any exceptions to title or other matters affecting the Property disclosed by an Updated Report that (a) was not disclosed in the Preliminary Title Reports and/or Surveys received prior to the Effective Date (including any easements or other matters that are plottable but previously deemed not plottable by the surveyor), or if as to any Property, more than one Updated Report has been issued, such matter was not disclosed in any prior Updated Report, (b) are not caused by Purchaser and (c) have a material adverse effect on the value, use or operation of any Property.