Permitted Exceptions definition

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

Permitted Exceptions has the meaning ascribed to such term in Section 6.2(a).

Permitted Exceptions shall have the meaning set forth in Section 5.1.

Examples of Permitted Exceptions in a sentence

• Prior to Closing, Seller shall furnish an updated commitment dated after the date of this Agreement (the “Updated Title Evidence”) for the issuance of a standard ALTA owner’s title insurance policy in the amount of the Purchase Price insuring marketable title to the Purchased Surface Tracts in the name of Buyer (with respect to the surface rights only, subject to the Permitted Exceptions).

• Possession of the Purchased Surface Tracts shall be delivered to Buyer effective as of the completion of Closing, subject to the Permitted Exceptions; provided, however, if the Purchased Surface Tracts include Tract 21 and/or Tract 22, possession shall be delivered subject to the rights of the current farm tenant to retain possession of and access to the cropland pursuant to the existing farm lease which expires the earlier of June 30, 2019 or completion of the wheat harvest.

More Definitions of Permitted Exceptions

Permitted Exceptions means, collectively, (a) liens for taxes, assessments and governmental charges not yet due and payable or due and payable but not yet delinquent; (b) the Leases; (c) the exceptions to title set forth in the Existing Title Policy; (d) all matters shown on the Existing Survey, and (e) such other nonmonetary encumbrances with respect to the Property as may be shown on the Update which are not objected to by the Purchaser (or which are objected to, and subsequently waived, by the Purchaser) in accordance with Section 3.1.

Permitted Exceptions means:

Permitted Exceptions means the following:

Permitted Exceptions shall have the meaning ascribed to it in Section 8.2.

Permitted Exceptions means, with respect to the Real Property Rights, the following:

Permitted Exceptions has the meaning set forth in Section 2.3.

Permitted Exceptions as used in this Agreement, shall mean (i) the title exceptions listed in Schedule B of the Title Commitment, (ii) any general exceptions and exclusions contained in the standard owner’s policy of the Title Company that are not deleted pursuant to the Owner’s Affidavit, (iii) all title matters of record as of the Closing Date, and (iv) all taxes not yet due and payable.