Permitted Exceptions definition
Permitted Exceptions shall have the meaning set forth in Section 4.3.
Permitted Exceptions means:
Permitted Exceptions has the meaning ascribed to such term in Section 6.2(a).
Examples of Permitted Exceptions in a sentence
Seller shall take all actions necessary to discharge any encumbrances not constituting Permitted Exceptions prior to or at Closing, including ensuring that: (i) all suppliers, contractors, and vendors have been fully paid for any work, materials, or services relating to the Property; and (ii) no local, state, or governmental agency has filed or maintains any lien, claim, or assessment against the Property or its assets.
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 has the meaning specified in Section 1.5.
Permitted Exceptions means, with respect to the Real Property Rights, the following:
Permitted Exceptions and “Permitted Exception” shall have the meaning set forth in Section 9.
Permitted Exceptions has the meaning set forth in Section 2.3.
Permitted Exceptions is defined in Section 2.2.
Permitted Exceptions means (i) Liens for current real estate taxes or assessments which are not yet due and payable, or are due and payable but not yet delinquent, or that are being contested in good faith by appropriate proceedings, (ii) any exceptions to title approved or waived by the Buyer in accordance with this Agreement, (iii) customary utility easements which (A) do not encroach any buildings or other improvements located at the applicable Property, (B) are within and do not violate any setback requirements or restrictions or Applicable Laws, and (C) do not materially and adversely impact the current use or value of the applicable Property, (iv) the rights of Tenants, as tenants only, pursuant to Leases, (v) any matters created or caused by the Buyer, and (vi) Liens arising out of, under or permitted in connection with this Agreement or the Closing Documents.