Objectionable Title Matters definition

Objectionable Title Matters has the meaning specified in Section 4.2.
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Objectionable Title Matters has the meaning given to it in Section 4.1(g) of this Agreement.
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Objectionable Title Matters means any matters shown on the Title Commitment or the ALTA Survey (other than Permitted Liens) that Purchaser has identified as requiring cure.
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Examples of Objectionable Title Matters in a sentence

  • The term "Permitted Exceptions" shall be defined herein as all matters which have been approved or deemed approved by Buyer in accordance with this Section 2.6.1 and Section 2.6.2 hereof, and those Objectionable Title Matters (as defined in Section 2.6.3) waived or deemed waived by Buyer pursuant to Section 2.6.3 hereof.

  • If Seller determines in its sole discretion that it will be unable or unwilling to cure any Objectionable Title Matters which it elected to attempt to cure as provided above, Seller shall deliver written notice thereof to Buyer as soon as such determination is made but in no event later than the then scheduled Closing Date (each a "Notice of Inability to Cure").

  • Notwithstanding anything in the Agreement to the contrary, the Buyer’s election to terminate at any time on or before the Approval Date as a result of the Flood Condition, which was previously objected to in connection with the Buyer’s notice of Objectionable Title Matters, shall constitute a Full Refund Event.

  • Effective upon complete execution of this Tenth Amendment, Buyer hereby waives the uncured Objectionable Title Matters (other than the Mandatory Cure Items) and this Tenth Amendment serves as Buyer’s Title Waiver Notice.

  • If Buyer timely notifies Seller in writing of any such Objectionable Title Matters (such writing “Buyer’s Title Notice”), Seller, in Seller’s sole discretion, may, but shall have no obligation to, remove or cure such Objectionable Title Matters on or prior to Closing.

  • If Buyer fails to so notify Seller of any such Objectionable Title Matters, all exceptions and other matters appearing in the Title Commitment existing at the expiration of the Financing Contingency Period shall be deemed accepted by Buyer and included as Permitted Exceptions (as defined below).

  • The County shall have until the end of the Due Diligence Period to notify the Port of any objections the County has to any matters shown or referred to in a Title Commitment or identified in the Schedule 1 Third Party Leases, Licenses and Contracts that were done or suffered during Port's ownership of the Property ("Objectionable Title Matters").

  • Seller shall be deemed to have given notice to Buyer that Seller refuses to cure any such Objectionable Title Matters, which Seller may so do in its sole discretion, unless Seller, within four (4) days after receipt of Buyer’s Title Notice, shall notify Buyer in writing (the “Seller’s Title Notice”) that Seller will either attempt or refuse to cure such Objectionable Title Matters.

  • Buyer shall, within ten (10) business days of receipt of the commitments for the Title Policies (but in no event later than one hundred twenty (120) days after the date hereof) provide Seller with written notice of any claimed Objectionable Title Matters.

  • Except as provided in this Section 4.3, Seller shall have no obligation to cure Objectionable Title Matters.


More Definitions of Objectionable Title Matters

Objectionable Title Matters has the meaning set forth in Section 13.1.
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Objectionable Title Matters means (a) Monetary Liens, (b) clouds on title that preclude the Title Company from issuing a Title Policy, or (c) other title exceptions that materially adversely affect the use of the Property as a residential rental property in substantial accordance with the applicable Lease for such Property, but, in each case, excluding any Monetary Lien that is included in the Compliance Correction/Related Liabilities Escrow Amount.
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Related to Objectionable Title Matters

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

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

  • Objectionable in this agreement means material that deals with matters such as sex, cruelty, or violence in such a manner that it is likely to be injurious to the good of students or incompatible with a school environment. This is intended to be inclusive of the definition used in the Films, Videos and Publications Classification Act 1993.

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

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

  • 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.

  • 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).

  • 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).

  • 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.

  • 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.

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

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

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

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

  • 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.

  • 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.

  • Permitted Encumbrances means:

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

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

  • Real Property Interests means all interests in real property of whatever nature, including easements, whether as owner or holder of a Security Interest, lessor, sublessor, lessee, sublessee or otherwise.

  • 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.

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

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

  • Defensible Title means, with respect to a given Asset, such ownership by Seller in that Asset that, subject to and except for Permitted Encumbrances: