New Title Defects definition

New Title Defects has the meaning set forth in Section 7.11(d).
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Examples of New Title Defects in a sentence

  • If, within such twenty (20) Business Day period, Seller (x) fails to cure any such New Title Defects to Purchaser’s reasonable satisfaction or (y) gives notice to Purchaser that it has elected not to remedy or remove some or all of the New Title Defects, Purchaser and Seller shall attempt to negotiate the terms and conditions of the sale of such Real Property, including a corresponding Purchase Price adjustment that is agreeable to both parties.

  • If Purchaser fails to give such notice within said ten (10) calendar day period, Purchaser will be deemed to have waived such New Title Defect(s) pursuant to provision (A) in the preceding sentence.

  • If such update indicates that any Title Defects have arisen since the date of the Title Commitment (“New Title Defects”), and Purchaser reasonably objects thereto, then Seller may elect to delay the Closing for up to twenty (20) Business Days while Seller uses Commercially Reasonable Efforts to cure such New Title Defects to Purchaser’s reasonable satisfaction.

  • MiRNAs control various cellular processes like proliferation, differentiation and apoptosis (McGregor et al., 2014).

  • Notwithstanding the foregoing, in no event shall any of the foregoing apply with respect to (i) Purchaser’s right to terminate this Agreement pursuant to Section 2.8 of this Agreement with respect to any New Title Defects or (ii) Purchaser’s right to terminate this Agreement pursuant to Section 6.2 of this Agreement as a result of Seller’s failure to remove any Title Defects prior to Closing that Seller notified Purchaser that it would remove prior to Closing pursuant to Section 2.3 of this Agreement.

  • Buyer shall notify Seller of its election in writing within five (5) business days after receipt of Seller's notice, and Buyer's failure to provide such timely notice in response to Seller's notice shall constitute Buyer's election to waive its objection to the non-monetary New Title Defects that Seller will not cure or remove and proceed as provided in (i) above.

  • Seller shall have a period of five (5) calendar days following Seller's receipt of Buyer's objection to any New Title Defects, in which to notify Buyer of which New Title Defects Seller will cure or have removed.

  • With respect to New Material Title Defects, if Transferor elects to cure such New Material Title Defects and so notifies Empire within three (3) business days after Transferor's receipt of the notice that New Title Defects exist, then Transferor shall have an additional reasonable period, not to exceed thirty (30) days, to cure such New Material Title Defects and, accordingly, may adjourn the Closing Date by such period.

  • Schedule 5.1(e)-A also lists matters that Buyer believes may be Material Title Defects (as defined below) identified by Buyer with respect to the Reviewed Properties as a result of Buyer’s review thereof and, except for New Title Defects, Buyer shall have no right to object to any title or survey matters relating to the Reviewed Properties.

  • This policy applies to all university information and all systems and processes that may access this information, regardless of the environment where the data resides or is processed; for example, the university enterprise system, other enterprise servers, distributed departmental servers, or personal workstations and mobile devices.This policy applies regardless of the media on which data resides, for example electronic, microfiche, paper, CD, DVD, or other media.

Related to New Title Defects

  • Title Defects has the meaning set forth in Section 5.15(b).

  • Title Defect as used herein shall mean any encumbrance, encroachment, irregularity, defect in or objection to Seller’s title to the Leases and Xxxxx (excluding Permitted Encumbrances) which would result in Seller not having Defensible Title.

  • Title Defect Property has the meaning set forth in Section 6.2(a).

  • Title Defect Amount means, with respect to a Title Defect Property, the amount by which such Title Defect Property is impaired as a result of the existence of one or more Title Defects, which amount shall be determined as follows:

  • Title Defect Notice shall have the meaning set forth in Section 11.2(a).

  • Environmental Defect means, with respect to any given Asset, a material violation of Environmental Laws in effect as of the Effective Time in the jurisdiction in which such Asset is located.

  • Environmental Defect Value means, with respect to any Environmental Defect, the value, as of the Closing Date, of the estimated costs and expenses to correct such Environmental Defect in the most cost-effective manner reasonably available, consistent with Environmental Laws, taking into account that non-permanent remedies (such as mechanisms to contain or stabilize hazardous materials, including monitoring site conditions, natural attenuation, risk-based corrective action, institutional controls or other appropriate restrictions on the use of property, caps, dikes, encapsulation, leachate collection systems, etc.) may be the most cost-effective manner reasonably available.

  • Environmental Defect Notice shall have the meaning set forth in Section 12.1(a).

  • Title Objections has the meaning ascribed to such term in Section 6.2(a).

  • Title Objection shall have the meaning assigned thereto in Section 8.5.

  • Title Benefit means Seller’s interest in any Subject Interest that is greater than or in addition to that set forth in Exhibit B (including, without limitation, a Net Revenue Interest that is greater than that set forth in Exhibit B) or Seller’s Working Interest in any Subject Interest that is less than the Working Interest set forth in Exhibit B (without a corresponding decrease in the Net Revenue Interest). Any matters that may otherwise constitute Title Benefits, but of which Buyer has not been specifically notified by Seller in accordance with the foregoing, shall be deemed to have been waived by Seller for all purposes.

  • Defect Notice shall have the meaning specified in Section 3.2 of this Agreement.

  • Title Benefit Amount has the meaning set forth in Section 6.2(d).

  • Title V means Title V of the federal Act for the Senior Community Service Employment Program for Older Americans.

  • Allocated Value means, in respect of any particular asset of a Participating CCAA Party, the amount of the sale proceeds realized from such asset, net of costs allocated to such asset all pursuant to the Allocation Methodology and, in respect of any Secured Claim, the amount of such sale proceeds receivable on account of such Secured Claim after taking into account the priority of such Secured Claims relative to other creditors holding a Lien in such asset;

  • Construction defect means a deficiency in or a deficiency arising out of the design, specifications, surveying, planning, supervision, or observation of construction or construction of residential improvements that results from any of the following:

  • Permitted Exception means (a) liens for Taxes and other governmental charges and assessments which are not yet due and payable, (b) liens of landlords and liens of carriers, warehousemen, mechanics and materialmen and other like liens arising in the ordinary course of business for sums not yet due and payable, (c) other liens or imperfections on property which are not material in amount or do not materially detract from the value or the existing use of the property affected by such lien or imperfection, (d) such statements of fact and exceptions shown on any title insurance policies delivered to Global.

  • Permitted Exceptions shall have the meaning set forth in Section 4.3.

  • Nonconforming zoning condition means a physical improvement on a property that does not conform with current zoning standards.

  • Purchased Assets has the meaning set forth in Section 2.1.

  • Environmental Condition means any condition or circumstance, including the presence of Hazardous Substances which does or would (i) require assessment, investigation, abatement, correction, removal or remediation under any Environmental Law, (ii) give rise to any civil or criminal Liability under any Environmental Law, (iii) create or constitute a public or private nuisance or (iv) constitute a violation of or non-compliance with any Environmental Law.

  • Material Defect As defined in Section 2.02(c) hereof.

  • Environmental Conditions means any conditions of the environment, including, without limitation, the work place, the ocean, natural resources (including flora or fauna), soil, surface water, ground water, any actual or potential drinking water supply sources, substrata or the ambient air, relating to or arising out of, or caused by the use, handling, storage, treatment, recycling, generation, transportation, Release or threatened Release or other management or mismanagement of Regulated Substances resulting from the use of, or operations on, the Property.

  • Title Review Period shall have the meaning set forth in Section 4.3.

  • Acquired Assets has the meaning set forth in Section 2.1.

  • Transferred Real Property means (a) the Transferred Owned Real Property and (b) the premises that is subject to the Transferred Real Property Leases.