Permitted Title Encumbrances definition

Permitted Title Encumbrances means those Encumbrances listed on Section 1.01 of the Seller Disclosure Schedule under the heading “Permitted Title Encumbrances.”
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Permitted Title Encumbrances as defined in Section 6.1(p).
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Permitted Title Encumbrances means (i) Encumbrances for current real property taxes not yet due and payable; (ii) all matters of record (excluding, however, any mortgage, deed to secured debt, deed of trust, security agreement, judgment lien or statutory claim of lien or any other title exception or defect that is monetary in nature, other than those in favor of Buyer) which do not materially detract from the value of such property or adversely affect in any material respect, either individually or in the aggregate, the present use of such Real Property or otherwise materially interfere with the conduct of the Business as presently conducted thereon by Seller or any Selling Affiliate in the Ordinary Course of Business or render title thereto uninsurable; (iii) zoning, building codes and other land use Laws regulating the use or occupancy of the Real Property or the activities conducted thereon which are imposed by any Governmental Authority which are not violated by the current use or occupancy of such Real Property or any violation of which would not, individually or in the aggregate, reasonably be expected to have a material impact on the Business and (iv) as to any property subject to a Real Property Lease, the rights of the landlords under the Real Property Leases as expressly set forth in such Real Property Lease and Encumbrances that encumber the fee estate of the landlords as owner of the real property subject to a Real Property Lease including all matters of record, any Encumbrance related to Indebtedness granted by such landlords and any other easement, encroachment, encumbrance or other condition affecting such fee estate.
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Examples of Permitted Title Encumbrances in a sentence

  • There is no loan agreement, guarantee, note, bond, indenture and other debt instrument, lease and other contract to which the Partnership is a party or by which its assets are bound other than Permitted Title Encumbrances, the Leases, and the Operating Agreements.

  • There is no loan agreement, guarantee, ------------------------- note, bond, indenture and other debt instrument, lease and other contract to which the Partnership is a party or by which its assets are bound other than Permitted Title Encumbrances, the Leases, and the Operating Agreements.

  • Seller shall at Closing deliver to the Title Company such affidavits, indemnities and other documentation as shall be reasonably necessary to enable the Title Company to issue the Title Policy and Endorsements, to delete the gap exception and the standard exceptions, and the Title Policy shall be issued subject only to the Permitted Title Encumbrances.

  • Purchaser shall pay all premiums for the issuance of the Title Policy and the Endorsements, and shall deliver to the Title Company such affidavits, indemnities and other documentation as shall be necessary to enable the Title Company to issue the Title Policies with the Endorsements subject only to Permitted Title Encumbrances.

  • Nothing contained in this Lease, including the Permitted Title Encumbrances and those matters disclosed on EXHIBIT "F", shall restrict Tenant's right to engage in the Initial Use in the Premises.

  • At the Closing, Purchaser shall pay all premiums for the issuance of the Title Policy and the Endorsements, and RLA shall deliver to the Title Company such affidavits, indemnities and other documentation as shall be necessary to enable the Title Company to issue the Title Policy with the Endorsements subject only to Permitted Title Encumbrances.

  • At the Closing, Seller shall deliver to the Title Company such affidavits (including an affidavit of title) and other documentation as shall be necessary to enable the Title Company to issue the Title Policies with the Endorsements subject only to Permitted Title Encumbrances and with a non-imputation endorsement reasonably acceptable to Buyer.

  • The irrevocable commitment of the Title Company to issue the Title Policy to Buyer, insuring Buyer’s interest in the First Closing Property dated as of the First Closing Date, with liability in the amount of the First Closing Purchase Price, subject only to the Permitted Title Encumbrances applicable to the First Closing Property upon payment of its regularly scheduled premiums therefor.

  • TO HAVE AND TO HOLD the foregoing Mortgaged Property subject to the Permitted Title Encumbrances, to the extent the same remain in effect and affect the Real Property (provided that, except as provided in Section 4.21, nothing ---- herein shall, or shall be construed to, subordinate this Mortgage to any such Permitted Title Encumbrances to which it is not otherwise subject under applicable law), but excluding the Unassigned Rights, unto Mortgagee and its successors and assigns forever.

  • If Landlord and Tenant do not agree on the Permitted Title Encumbrances prior to the end of the Inspection Period, either party shall have the right to terminate this Sublease at any time thereafter until such time as Landlord and Tenant reach agreement.


More Definitions of Permitted Title Encumbrances

Permitted Title Encumbrances means (i) the Liens and encumbrances described in Schedule B of the Leasehold Loan Policy of Title Insurance No. 5399-25256 dated December 6, 1999 issued by the Title Company; and (ii) the University Mortgages and the University Security Agreements, provided that the same are subordinate to the First Mortgage pursuant to the University Subordination Agreement.
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Permitted Title Encumbrances. Permitted Title Encumbrances" shall mean those exceptions to title disclosed in the Preliminary Title Reports and other minor encumbrances that do not, individually or in the aggregate, have a Material Adverse Effect.
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Permitted Title Encumbrances means: (a) all easements, rights-of-way, covenants, agreements, encumbrances, restrictions and other matters affecting the Land which are identified on Exhibit “B” attached hereto and made a part hereof as it may be amended; (b) real estate taxes and assessments for 2016 and subsequent years; (c) the Master Lease; and (d) zoning, building and other Laws and Legal Requirements.
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Permitted Title Encumbrances means (a) liens for Taxes, assessments and other governmental charges not yet due and payable or that are being contested in good faith by appropriate proceedings and as to which adequate reserves have been established, (b) all Encumbrances, easements, rights of way, servitudes, permits, licenses and other rights, conditions, covenants or restrictions and other matters of record that, individually or in the aggregate, do not, and would not reasonably be expected to, impair in any material respect the current use, possession and continued operation of the Owned Real Property to which they relate, (c) any matters of record to which the Leases (or any of them) are subject or subordinate, provided, such matters individually or in the aggregate, do not, and would not reasonably be expected to, impair in any material respect the current use, possession and continued operation of the Leased Premises and not are a lien on the Company’s leasehold interest, (d) statutory landlords’ or lessors’ liens under the Leases arising in the ordinary course of business with respect to rent payable thereunder and securing amounts that are not delinquent, and (e) with respect to the Owned Real Property, all matters that an accurate survey or an inspection of the property would disclose.
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Permitted Title Encumbrances means those encumbrances listed on Section 3.11 of the Seller Disclosure Schedule.
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Related to Permitted Title Encumbrances

  • Permitted Encumbrances means:

  • Permitted Title Exceptions means those exceptions to title to the Real Property that are satisfactory or deemed satisfactory to Purchaser as determined pursuant to Section 2.4(e) hereof.

  • 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.

  • Encumbrances means any mortgages, pledges, liens, security interests, conditional and installment sale agreements, activity and use limitations, conservation easements, deed restrictions, encumbrances and charges of any kind.

  • Permitted Encumbrance means, with respect to any Mortgaged Property, such exceptions to title as are set forth in the Mortgage Policy delivered with respect thereto, all of which exceptions must be acceptable to the Administrative Agent in its reasonable discretion.