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

• Any items noted on the Title Commitment or Survey to which City does not provide the Title Objections during the City Title Review Period will be deemed to be Permitted Exceptions (as defined in Section 11.B.).

• LTF represents that there will be no outstanding property agreements affecting the LTF Property beyond the expiration of the New Lease (except for the Permitted Exceptions).

• Within fifteen (15) business days after the Effective Date, the Parties shall enter into a closing documents escrow agreement, in the form of Exhibit G attached hereto (the “Escrow Agreement”), pursuant to which the Parties will escrow with the Title Company fully executed original of the Deeds (subject to the Permitted Exceptions to be added prior to Closing in accordance with Section 11C.1. below), the New Lease, the Agreement (regarding use restrictions on the City Property) and the Abatement Agreement.

• City represents that at the time of Closing, there will be no outstanding property agreements affecting the City Property (except for the Permitted Exceptions).

• LTF has not entered into any service, maintenance, supply, leasing, brokerage, and listing and/or other contracts relating to the LTF Property which shall be binding upon the City after the expiration of the New Lease (except for the Permitted Exceptions).

More Definitions of Permitted Exceptions

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

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, with respect to the applicable Real Property, (i) those matters identified in the Title Commitments and the Existing Surveys (other than Required Cure Items), (ii) those matters (other than Required Cure Items) that either are (x) not objected to in writing within the time periods provided in Section 3.1.3, or (y) if objected to in writing by the Purchaser within such time period, are those that Sellers have elected by notice to Purchaser within the time periods provided in Section 3.1.3 not to remove or cure, or have been unable to remove or cure within the time periods provided in Section 3.1.3, and subject to which, in the case of this clause (y), Purchaser is required to or has elected to accept the conveyance of the applicable Real Property in accordance with Section 3.1.3, (iii) such matters as the Title Insurers are willing to omit as exceptions to coverage or, subject to the reasonable approval of Purchaser, affirmatively insure over (other than with respect to monetary Liens), (iv) all standard Title Insurer exceptions and exclusions from coverage set forth in the “title jacket” (except those that would be customarily omitted, including, without limitation, mechanics liens, pursuant to a title affidavit in the form attached hereto as Exhibit G-1 to be delivered by the Sellers at Closing), (v) the general exceptions which can be deleted only by delivery of an Updated Survey (unless Purchaser delivers, as to the applicable Real Property, an Updated Survey acceptable to the Title Insurer, in which case, the general survey exceptions will be deleted and the state of facts set forth in such Updated Survey will be “read into” the applicable Owner’s Policy and become Permitted Exceptions), (vi) exceptions resulting from acts of Purchaser, and those claiming by, through and under Purchaser, (vii) unpaid personal property, real estate, excise, general and special taxes and assessments not yet delinquent as of the Closing Date (without limiting the provisions regarding proration of such amounts as set forth herein), (viii) rights of Tenants, as tenants only, under Leases previously delivered to Purchaser or otherwise set forth on the Rent Roll delivered pursuant to Section 4.2, (ix) local, state and federal zoning, health and safety, building and other governmental and quasi-governmental laws, ordinances, codes and regulations, and (x) until immediately prior to Closing and, if the Debt Assumption is consummated, at Closing, the Liens securing the As...

Permitted Exceptions shall have the meaning set forth in Section 9.2.

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 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.