New Title Objection definition

New Title Objection has the meaning ascribed to such term in Section 6.2(b).
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New Title Objection shall have the meaning ascribed in Section 7(e) hereof.
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New Title Objection has the meaning set forth in Section 5.3.3.
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Examples of New Title Objection in a sentence

  • 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.

  • 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.

  • Except for any new Mandatory Liens which, in all events, Seller must satisfy pursuant and subject to the terms of Section 6.1, Seller has no obligation to cure any New Title Exception, but if Seller timely receives a New Title Objection Notice and fails to cause such New Title Matter to be removed, discharged or terminated, as applicable, 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.

  • If at any time after the Approval Period, there is an endorsement to the Title Commitment that adds a new exception to title or if a title document is not timely received by Purchaser, and such new title documents are not to Purchaser’s satisfaction, Purchaser shall have three (3) business days after receipt by Purchaser of the new title exception or title document to notify Seller in writing of such facts and reasons for Purchaser’s New Title Objection (“Purchaser’s New Title Objection”).

  • Seller shall have no obligation to cure any New Title Exception, except to the extent such New Title Objection constitutes a Mandatory Cure Item.

  • Following the timely receipt of a New Title Objection Notice from Purchaser, if Seller timely delivers a New Cure Notice to Purchaser, Seller shall have sixty (60) Calendar Days (“Cure Deadline”) to endeavor to cure the applicable New Title Objection, in which case the Closing shall be automatically extended to provide Seller with such sixty (60) Calendar Day cure period.

  • Approval by Buyer of any additional exceptions to title or survey matters disclosed after the Title Objection Date (each, a "New Title Objection" and collectively, the "New Title Objections") shall be a condition precedent to Buyer's obligation to purchase the Property (Buyer may grant or withhold such approval in its absolute discretion).

  • If prior to a date that is three (3) business days after the receipt of written notice of Purchaser’s New Title Objection, Seller has not cured or agreed to undertake to cure all of Purchaser’s Objections to the reasonable satisfaction of Purchaser, Purchaser may (as its sole and exclusive remedy) terminate this Agreement by delivering written notice thereof to Seller within five (5) business days after the expiration of the Approval Period and receive a refund of the Xxxxxxx Money.

  • In the event Seller elects to endeavor to cure one or more of the New Title Objections, a New Title Objection shall be deemed to have been cured if: (I) Seller causes such item to be removed from record title to the Real Property prior to the Closing; (II) if Seller causes Title Insurer to issue the Title Policy without reflecting such item as an exception thereon; or (III) Seller otherwise cures Purchaser’s objection as reasonably determined by Purchaser.

  • If Seller indicates that it will effect a Seller’s Cure with respect to a Title Objection or a New Title Objection pursuant to Section 3.2 or 3.3, respectively, prior to or at the Closing, but fails to do so, Purchaser shall have the right, at its option, to terminate this Agreement by giving written notice of such election to Seller on or prior to the Closing Date.

Related to New Title Objection

  • 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).

  • Objection Notice has the meaning set forth in Section 2.3(a) of this Agreement.

  • Title Defect means with respect to a Lease any lien, encumbrance, adverse claim, default, expiration, failure, defect in or objection to real property title, other than Permitted Encumbrances, that alone or in combination with other defects renders Sellers’ title to the Lease less than Defensible Title.

  • 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.

  • Property Notice means any order, notice, proposal, demand or other requirement issued by any competent authority (including the Landlord) which materially affects the Academy Trust’s ability to use the Land for the purposes of the Academy. Restrictions on Land transfer

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

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

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

  • Objections means any objection, application, motion, complaint or any other legal proceeding seeking, in whole or in part, to disallow, determine, liquidate, classify, reclassify, or establish the priority, expunge, subordinate or estimate any Claim (including the resolution of any request for payment of any Administrative Claim).

  • Claim Objection Deadline means the first Business Day that is 180 days after the Effective Date, as may be extended by order of the Bankruptcy Court.

  • Objection Date means the date by which Settlement Class Members must mail their objection to the settlement for that objection to be effective. The postmark date shall constitute evidence of the date of mailing for these purposes.

  • Plan Objection Deadline means the deadline established by the Bankruptcy Court for filing objections to confirmation of the Plan.

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

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

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

  • 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.

  • Objection Deadline means the date identified in the Preliminary Approval Order and Class Notice by which a Settlement Class Member must serve written objections, if any, to the Settlement to be able to object to the Settlement. The Objection Deadline shall be no later than 30 days before the Final Approval Hearing.

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

  • Claims Objection Deadline means the later of: (a) the date that is 180 days after the Effective Date; and (b) such other date as may be fixed by the Bankruptcy Court, after notice and hearing, upon a motion Filed before the expiration of the deadline to object to Claims or Interests.

  • Closing Notice Has the meaning specified in the NPA. Company: Has the meaning specified in the first paragraph of this Trust Supplement.

  • 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:

  • Seller’s Notice has the meaning set forth in Section 8.5(a).

  • Objection Period has the meaning set forth in Section 2.4(d).

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