New Title Exceptions definition

New Title Exceptions shall have the meaning given to such term in Section 4.1(c) hereof.
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New Title Exceptions shall have the meaning set forth in Section 7.5 hereof.
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New Title Exceptions shall have the meaning set forth in Section 2.8.3(c). “New Survey Defects” shall have the meaning set forth in Section 2.8.3(c).
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Examples of New Title Exceptions in a sentence

  • In the event Buyer timely delivers to Seller a New Title Exceptions Approval Notice, those New Title Exceptions approved by Buyer pursuant to the New Title Exceptions Approval Notice shall be deemed to constitute Permitted Title Exceptions and the remaining New Title Exceptions shall continue to constitute Disapproved Title Exceptions.

  • Seller shall cause all New Title Exceptions which are not approved by Buyer pursuant to a New Title Exceptions Approval Notice (and which are therefore deemed to constitute Disapproved Title Exceptions) to be cured on or before the last Business Day immediately preceding the Closing Date.

  • Each such New Title Exception shall be deemed to constitute a Disapproved Title Exception except to the extent Buyer gives Seller written notice of Buyer’s approval of one or more New Title Exceptions within five (5) Business Days (but in no event later than the Closing Date) after the date of Buyer’s receipt of Seller’s written notice of the existence of such New Title Exceptions (“New Title Exceptions Approval Notice”).

  • On or before the Cure Deadline, Seller shall either: (i) cause all New Title Exceptions which are not approved by Buyer pursuant to a New Title Exceptions Approval Notice (and which are therefore deemed to constitute Disapproved Title Exceptions) to be cured and deliver written notice to Buyer of such cure; or (ii) deliver written notice to Buyer of Seller’s failure to cure one or more of such Disapproved Title Exceptions.

  • If Purchaser shall fail to timely notify Seller in writing of its election to terminate this Agreement on or before the Closing Date, time being of the essence, the termination right described in this Section 6.4 shall be immediately null and void and of no further force or effect, the Closing will occur as scheduled and the Permitted Exceptions will include all uncured New Title Exceptions.

  • In the event that prior to the Closing, any new title exceptions are discovered by or revealed to Seller, which new title exceptions were not otherwise set forth or referred to in the Preliminary Title Report and/or in the Survey (“New Title Exceptions”), Seller shall deliver written notice to Buyer disclosing the existence of such New Title Exceptions, together with copies of all underlying documents.

  • In the event that prior to the Closing, any new title exceptions are discovered by or revealed to Seller, which new title exceptions were not otherwise set forth or referred to in the Preliminary Title Report ("New Title Exceptions"), Seller shall deliver written notice to Buyer disclosing the existence of such New Title Exceptions, together with copies of all underlying documents.

  • If Purchaser shall fail to timely notify Seller in writing of its election to terminate this Agreement on or before the Closing Date, time being of the essence, the termination right described in this Section 6.3 shall be immediately null and void and of no further force or effect, the Closing will occur as scheduled and the Permitted Exceptions will include all uncured New Title Exceptions.

  • Following the timely receipt of a Disapproved New Title Exceptions Notice from Buyer, if Seller timely delivers a Disapproved New Title Exceptions Cure Notice to Buyer, Seller shall have until the Disapproved New Title Exceptions Cure Deadline to cure the applicable Disapproved New Title Exceptions.

  • In the event Seller cures one or more Disapproved New Title Exceptions that Seller has elected to endeavor to cure on or before the Disapproved New Title Exceptions Cure Deadline, then Seller shall deliver written notice to Buyer specifying those Disapproved New Title Exceptions that Seller has cured and those Disapproved New Title Exceptions that Seller has not been able to cure (“Disapproved New Title Exceptions Cure Completion Notice”).


More Definitions of New Title Exceptions

New Title Exceptions has the meaning set forth in Section 3.2(a)(xi).
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New Title Exceptions means (x) any exceptions, encumbrances or requirements not expressly set forth in the Approved Title Commitments, (y) any exceptions, encumbrances or requirements set forth in any Main Stage Corrective Deed Title Commitment or identified by the Title Company in connection with any Additional Search Parcels or (z) any deletion and/or adverse modification to the legal descriptions of the Timberlands (or the Company’s interest therein) set forth on Schedule A to the Approved Title Commitments by the Title Company, including any Title Failure, where the same was shown as owned by the Company or the Subsidiaries in the GIS shape files made available to the Buyer on or before the Effective Date; provided however, the term “New Title Exceptions” shall specifically exclude (and the Buyer shall have no right to object to) title matters which are (i) the result of the Buyer’s or its Affiliates’ acts, (ii) are already exceptions or encumbrances to title set forth in the Approved Title Commitments, (iii) were entered into by or on behalf of the Company in the Ordinary Course of Business or are otherwise permitted by the terms of this Agreement, (iv) are title exceptions set forth in any title report or examiner’s search/report for any Main Stage Corrective Deed Properties or any Additional Search Parcels received prior to the Effective Date, (v) are included in the definition of Permitted Liens other than as defined in clauses (ii), (iii), (ix) (provided, however, in no event shall the foregoing be deemed to override the Buyer’s ability to object to any title matters arising in connection with clause (xvi) of such definition), (xiii), (xvii)-(xx) and (xxii) in the definition thereof. If the Buyer fails to object to any New Title Exception (other than Monetary Liens) within ten (10) Business Days after receipt of such revised Initial Title Commitment, the New Title Exception shall be deemed waived by the Buyer and such New Title Exceptions shall be deemed to be Permitted Liens. The Sellers shall have ten (10) Business Days after receipt of the Buyer’s objections to give the Buyer: A) notice that the Sellers will cause such objectionable New Title Exceptions to be removed or cured on or before the Closing Date; or (B) notice that the Sellers elect not to cause such New Title Exception to be removed or cured. Any New Title Exceptions that the Sellers have elected not to remove or cure or which Seller, after electing to remove or cure, fails to remove or cure by the Closi...
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Related to New Title Exceptions

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

  • Permitted Exception means that, with respect to any representation, warranty or covenant with respect to the interest of the Buyer and its assignees in the ARSC Purchased Assets or any Servicer Default, that (i) prior to recordation (A) pursuant to Section 8.3 of this Agreement and/or Section 2.01(d)(i) of the Transfer and Servicing Agreement or (B) upon the sale of a Home to an Ultimate Buyer, record title to such Home may remain in the name of the related Transferred Employee, and no recordation in real estate records of any mortgage or any conveyance pursuant to the related Home Purchase Contract or Home Sale Contract in favor of any Transaction Party or any of the Buyer’s assignees and assigns pursuant to the Receivables Purchase Agreement will be made except as otherwise permitted under Section 2.01(d)(i) of the Transfer and Servicing Agreement and (ii) no delivery of any Home Purchase Contracts, Home Deeds and Equity Loan Notes to any custodian will be required.

  • 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.

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

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

  • 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.

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

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

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

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

  • 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.

  • Exceptions means the conditions set out in Standard Licence Condition 14A.3 of our Licences, which are: (i) if your previous supplier has prevented

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

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

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

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

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

  • Project Title PROJECT LOCATION: PROJECT NO.: Agency Project Code Category Org. No. Activity Object No. Function Consultant Firm: Address: (City) (State) (Zip Code) Phone No. Fax No. Email: Type of Services: TABLE OF CONTENTS ARTICLE 1. GENERAL CONSULTANT 1 ARTICLE 2. PROJECT SCOPE 1 ARTICLE 3. BASIC SERVICES 2 ARTICLE 4. COMPENSATION 7 ARTICLE 5. PAYMENTS 8 ARTICLE 6. DISPUTE RESOLUTION 9 ARTICLE 7. CONSULTANTS RESPONSIBILITY 10 ARTICLE 8. OWNERS RESPONSIBILITY 12 ARTICLE 9. AUDIT AND INSPECTION OF RECORDS 13 ARTICLE 10. OWNERSHIP OF DOCUMENTS 13 ARTICLE 11. EQUAL EMPLOYMENT OPPORTUNITY 14 ARTICLE 12. TERMINATION OF AGREEMENT 15 ARTICLE 13. SUCCESSORS AND ASSIGNS 15 ARTICLE 14. APPLICABLE LAW 16 ARTICLE 15. INDEPENDENT CONTRACTOR 16 ARTICLE 16. PROHIBITED PRACTICES 16 ARTICLE 17. EXTENT OF AGREEMENT 16 ARTICLE 18. DISADVANTAGED BUSINESS ENTERPRISE 17 ARTICLE 19. ADDENDUM (IF NEEDED) 22 ATTACHMENTS A. SCOPE OF PROJECT (BY OWNER) …...................................................…...… A-1 TO A-22 B. MANPOWER, DIRECT SALARY RATE AND OVERHEAD & PROFIT FACTOR SCHEDULE (BY PRIME CONSULTANT & SUBCONSULTANTS) ...... B-1 TO B-2 C. GUIDELINES FOR REIMBURSABLE EXPENSES (BY OWNER) ……..……..… C-1 TO C-2 D. CONSULTANT INVOICE FORMS (FORMS D-1,2 & 3 – BY OWNER; FOR “FORMAT” ONLY ……………………………………………………………….. D-1 TO D-3 E. INSURANCE CERTIFICATES & PROOF OF FINANCIAL RESPONSIBILITY (BY CONSULTANT & SUBCONSULTANTS) E F. MILWAUKEE COUNTY “DBE” UTILIZATION FORMS (BY PRIME CONSULTANT) ……………………………………………………….........................

  • Permitted Encumbrances means:

  • sectional title scheme means a scheme defined in section 1 of the Sectional Titles Act;

  • 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.

  • Permitted Real Property Encumbrances means (i) those liens, encumbrances and other matters affecting title to any Mortgaged Property listed in the applicable title policy in respect thereof (or any update thereto) and found, on the date of delivery of such title policy to the Administrative Agent in accordance with the terms hereof, reasonably acceptable by the Administrative Agent, (ii) as to any particular real property at any time, such easements, encroachments, covenants, restrictions, rights of way, minor defects, irregularities or encumbrances on title which do not, in the reasonable opinion of the Administrative Agent, materially impair such real property for the purpose for which it is held by the mortgagor or owner, as the case may be, thereof, or the Lien held by the Administrative Agent, (iii) municipal and zoning laws, regulations, codes and ordinances, which are not violated in any material respect by the existing improvements and the present use made by the mortgagor or owner, as the case may be, of such real property, (iv) general real estate taxes and assessments not yet delinquent, and (v) such other items as the Administrative Agent may consent to.

  • Survey means a survey of the Property prepared by a surveyor licensed in the State and satisfactory to Lender and the company or companies issuing the Title Insurance Policy, and containing a certification of such surveyor satisfactory to Lender.