New Title Exception definition

New Title Exception has the meaning set forth in Section 5.3.3.
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New Title Exception has the meaning set forth in Section 4.2.2 of this Agreement.
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New Title Exception means any matter which first arises and is shown as an exception to title in the Title Report (or any amendments or updates thereof) after the Review Period Expiration Date and prior to the Closing Date due to the acts or omissions (whenever occurring) of a person or entity other than Buyer, or Buyer’s employees, agents or contractors, without Buyer’s prior written approval, and which
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Examples of New Title Exception in a sentence

  • In such event, Lessor shall have the right (but not the obligation) within thirty (30) days after receipt of the Title Objection Notice, in its discretion to either record or bond such New Title Exception, or provide the necessary assurances to the title Lessee so that Lessee can obtain a title insurance policy which is not subject to any New Title Exceptions listed in Xxxxxx's Title Objection Notice (an "Acceptable Policy").

  • If Purchaser fails to timely deliver the New Title Objection Notice, Purchaser will be deemed to have waived such New Title Exception and same will be considered a Permitted Exception hereunder.

  • If Seller does not provide a New Title and Survey Election Notice to Purchaser within such time period, then Seller shall be deemed to have elected not to remove or cure such New Title Exception or New Survey Defect as an Unpermitted Exception pursuant to clause (2) of the preceding sentence.

  • A New Title Exception shall be deemed to have been cured if Seller causes such item to be removed from record title to the Real Property and not listed as a title exception in Schedule B of the ALTA Extended Coverage Policy prior to the Closing or otherwise cures such New Title Exception as determined by Buyer in Buyer's sole and absolute discretion.

  • If Seller does not provide a New Title and Survey Election Notice to Purchaser within such time period, then Seller shall be deemed to have elected not to remove or cure the New Title Exception or New Survey Defect as an Unpermitted Exception pursuant to clause (2) of the preceding sentence.

  • Buyer’s failure to deliver a Title Objection Notice by the Objection Deadline shall be deemed Buyer’s approval of the New Title Exception and waiver of any further right to object with respect thereto.

  • A New Title Exception which is deemed to constitute a Disapproved Title Exception shall be deemed to have been cured if Seller causes such item to be removed from record title to the Real Property prior to the Closing or otherwise cures such New Title Exception as reasonably determined by Buyer.

  • The Board shall have not less than three (3) Directors, and not more than twenty (20) Directors, with the exact number to be fixed by approval of the Board of Directors in a manner consistent with Article VI Section 4 of these Bylaws.

  • Seller has no obligation to cure any New Title Exception, but if Seller timely receives a New Title Objection Notice and fails to provide the Title Company with such affidavits, indemnities, bonds or other assurances necessary for the Title Company to issue the Title Policy without exception for such New Title Exception, then Purchaser shall have the right to terminate this Agreement by delivery of written notice to Seller and the Title Company on or before the Closing Date.

  • The Seller will not create or permit to exist any New Title Exception on New Survey Defect.


More Definitions of New Title Exception

New Title Exception means any matter which first arises and is shown as an exception to title in the Title Commitment (or any amendments or updates thereof) after the Review Period Expiration Date and prior to the Closing Date due to the acts or omissions (whenever occurring) of a person or entity other than Buyer, or Buyer’s employees, agents or contractors, without Buyer’s prior written approval, and which (a) will materially interfere with Buyer’s proposed use of the Property after Closing, or
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New Title Exception means an exception to title not shown in the Title Report and which (a) would, in BUYER's reasonable judgment, materially interfere with BUYER's proposed use or enjoyment of the Property, including the ability of BUYER to sell, lease or finance the Property, or (b) constitutes a lien or other monetary encumbrance upon the Property. If a New Title Exception arises, BUYER shall have a period of ten (10) days from the delivery of a supplement to the Title Report
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New Title Exception means an exception that (a) was not disclosed in the Preliminary Report, (b) does not constitute an Easement approved under subsection 9.2.2 above, or (c) does not arise from CFD 2000-1 described in section 9.7 below. BUYER's Disapproval Notice shall also itemize any and all objections that BUYER may have to any such New Title Exception. If BUYER fails to timely deliver a Disapproval Notice, BUYER shall be conclusively deemed to have approved all such exceptions and items shown in the Final Title Report or Pro Forma Policy, whichever is applicable, and the requirement for BUYER's approval of title to the Land shall be deemed satisfied for all purposes; provided, however, this provision providing for automatic approval shall not constitute BUYER's approval of any deed of trust, mortgage or other security instrument encumbering the Land, and BUYER shall be deemed to have automatically disapproved and objected to any such items and SELLER shall cause the same to be removed from title to the Property prior to Closing.
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Related to New Title Exception

  • Permitted Title Exceptions means those exceptions to title to the Real Property that are satisfactory to the Acquiror as determined pursuant to Section 2.2.

  • 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.

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

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

  • Existing Title Policy means, the existing title insurance policy for the Property.

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

  • Existing Survey means the existing ALTA survey of the Property.

  • Owner’s Title Policy means those certain ALTA extended coverage owner’s policies of title insurance issued in connection with the closing of the Mortgage Loan insuring the Mortgage Borrower as the owner of the Property.

  • Preliminary Title Report A report issued by a title insurance company in anticipation of issuing a Title Insurance policy which evidences existing liens and gives a preliminary opinion as to the absence of any encumbrance on title to a Mortgaged Property, except liens to be removed on or before purchase or refinance, as the case may be, by the Borrower and Permitted Encumbrances.

  • Title Policy shall have the meaning set forth in Section 4.2.

  • Title Commitment shall have the meaning set forth in Section 4.2.

  • 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 Report has the meaning set forth in Section 5.4(b).

  • Title IX means 20 U.S.C. §§ 1681-1688 and the implementing regulations.

  • Equitable Exceptions means, with respect to the enforceability of any obligation, that such obligation is subject to (a) applicable bankruptcy, insolvency, moratorium, receivership, assignment for the benefit of creditors or other similar state or federal laws affecting the rights and remedies of creditors generally (including, without limitation, fraudulent conveyance or transfer laws) and judicially developed doctrines in this area, such as equitable subordination and substantive consolidation of entities and (b) equitable principles (whether considered in a proceeding in equity or at law).

  • Title Policies has the meaning set forth in Section 6.17.

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

  • Substitute Property shall have the meaning set forth in Section 2.6 hereof.

  • Title Documents shall have the meaning set forth in Section 4.1.

  • Title Page means, for a printed book, the title page itself, plus such following pages as are needed to hold, legibly, the material this License requires to appear in the title page. For works in formats which do not have any title page as such, “Title Page” means the text near the most prominent appearance of the work’s title, preceding the beginning of the body of the text.

  • Record of survey map means a map of a survey of land prepared in accordance with Section 10-9a-603, 17-23-17, 17-27a-603, or 57-8-13.

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

  • Survey shall have the meaning set forth in Section 4.1.

  • Survey Area means the area of land or waters the subject of a Survey, or proposed to be the subject of a Survey.