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.

  • 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").

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • She stated that the District purchased the 10-acre inholding (Sartor tract) in September in lieu of exchanging the District tract on North Silver Lake Road for the Sartor tract.

  • All New Title Exceptions approved (or deemed approved) by Buyer pursuant to Section 4.1(c) hereof.


More Definitions of New Title Exceptions

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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New Title Exceptions has the meaning set forth in Section 3.2(a)(xi).
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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 (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.

  • 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.

  • 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.:

  • 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 shall have the meaning set forth in Section 4.1.

  • Title Commitments has the meaning set forth in Section 3.5.