Real Property Permitted Exceptions definition

Real Property Permitted Exceptions has the meaning set forth in Section 5.6(a).
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Real Property Permitted Exceptions means (i) any real estate taxes and assessments (general or special) which are not due and payable as of the Closing Date, (ii) any matters of survey shown on any survey obtained by Buyers as of the date of this Agreement (other than those survey matters covered in that certain Memorandum dated October 16, 2006 from Xxxx X. Xxxxx to Xxxxx Xxxxx except for those matters set forth on Schedule 1(k)), and (iii) those matters set forth on Schedule 1(k) as to the Owned Real Property or the Affiliate-Owned Real Property to which they relate.
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Real Property Permitted Exceptions means the following: (a) Liens for taxes or assessments, whether general or special, that are (i) not yet due and payable or (ii) being contested in good faith and for which adequate reserves have been established, as reflected in the Financial Information, (b) easements for electricity, water, gas and telephone lines, which are not violated by the current use or occupancy of the Real Property to which they apply, (c) any Laws, regulations or ordinances (including those related to or affecting zoning, building and environmental matters) adopted or imposed by any Governmental Authority, which are not violated by the current use or occupancy of the Real Property to which they apply or the operation of the Business thereon, (d) mechanic’s, materialmen’s, worker’s or other similar Liens imposed by Law and arising in the ordinary course of business for amounts that are (i) not yet due and payable or (ii) being contested in good faith and for which adequate reserves have been established, as reflected in the Financial Information, (e) provided that the following do not have, individually or in the aggregate, a material adverse effect upon the use or operation of the Real Property as currently used and operated, and provided further that the following arise or have arisen in the ordinary course of business: (i) any matters that would be revealed by an accurate survey of the Real Property, and (ii) any covenant, condition, restriction, easement or matter of record, and (f) any other Liens that cost, individually or in the aggregate, less than $15,000 to remove.
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Examples of Real Property Permitted Exceptions in a sentence

  • After giving effect to the Permitted Reorganization, the Publishing Subsidiaries will own all of the Owned Real Property free and clear of all Liens other than the Owned Real Property Permitted Exceptions.

  • The Company or a Subsidiary, as applicable, owns fee simple title to the Owned Real Property, subject only to the Owned Real Property Permitted Exceptions.

  • Subject to the terms of the respective Real Property Leases and the Leased Real Property Permitted Exceptions, at least one Publishing Subsidiary has a valid and subsisting leasehold estate in each parcel of Leased Real Property.

  • After giving effect to the Permitted Reorganization, the Publishing Subsidiaries will lease all of the Leased Real Property free and clear of all Liens other than the Leased Real Property Permitted Exceptions.

  • All leases and subleases for the Leased Real Property (including all modifications, extensions or amendments thereto) (the "REAL PROPERTY LEASES") are subject to no Liens except as set forth on Section 3.19(b) of the Disclosure Schedule and other than Permitted Liens (collectively, the "LEASED REAL PROPERTY PERMITTED EXCEPTIONS", together with the Owned Real Property Permitted Exceptions, the "REAL PROPERTY PERMITTED EXCEPTIONS").

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  • The exceptions set forth in subsection (i) through (v) above shall be referred to as the "Real Property Permitted Exceptions." Except as described on Schedule 4.4, the Owned Real Property constitutes all of the real estate used by Seller or any Seller Subsidiary in connection with the conduct of the Business.

  • The Seller shall not, and shall not permit any of the Seller Subsidiaries to take any action that would prevent the transfer of the Transferred Assets to the Buyer pursuant to the terms of this Agreement free and clear of all Liens, other than Real Property Permitted Exceptions and Personal Property Permitted Exceptions.

  • Except as set forth on Schedule 5.6(a) of the Disclosure Letter, a Visteon Sale Entity has good, valid and marketable title to each parcel of Owned Real Property and to all of the buildings, structures and other improvements thereon, free and clear of all Liens, except for Real Property Permitted Exceptions.

  • The Seller has good and valid leaseholds to all of the Leased Real Property, such leasehold interests being free and clear of all Liens except Real Property Permitted Exceptions.


More Definitions of Real Property Permitted Exceptions

Real Property Permitted Exceptions means (i) all liens for real estate taxes and assessments which are not due and payable; (ii) all easements, rights-of-way, covenants, conditions, restrictions, reservations, licenses, agreements and other matters of record shown on Commonwealth Land Title Insurance Company Certificate Number SLT 12510; (iii) all matters that would be disclosed by an accurate survey or inspection of the Real Property; (iv) any existing mortgage against the Real Property (which in any case will be released by the Seller's lender prior to or at the Closing and will not be a Real Property Permitted Exception in the Seller's deed), and (v) all zoning, building and other laws, ordinances and regulations. The Real Property has been constructed in all material respects in accordance with all applicable land use, zoning and building codes and ordinances of any and all governmental authorities having jurisdiction thereover at the time of said construction, and are legal and conforming in their present form and use in all material respects. Seller has valid and subsisting Certificates of Occupancy for the Real Property as it presently exists. Except as set forth on Schedule 3.4(a), Seller has not received, and has no knowledge of, any notification from any city, county, state or federal authority having jurisdiction over the Real Property, or of any utility providing service requiring any work to be done to, or affecting the use, operation and/or occupancy of the Real Property or any portion thereof.
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Real Property Permitted Exceptions means the following:
Sample 1
Real Property Permitted Exceptions means such easements, restrictions, covenants and reservations of record and public rights of way identified on Schedule 1 hereto, and real estate taxes and assessments (general or special) which are not due and payable as of the Closing Date.
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Related to Real Property Permitted Exceptions

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

  • Permitted Exception means that, with respect to any representation, warranty or covenant with respect to the interest of the Buyer and its assignees in the ARSC Purchased Assets or any Servicer Default, that (i) prior to recordation (A) pursuant to Section 8.3 of this Agreement and/or Section 2.01(d)(i) of the Transfer and Servicing Agreement or (B) upon the sale of a Home to an Ultimate Buyer, record title to such Home may remain in the name of the related Transferred Employee, and no recordation in real estate records of any mortgage or any conveyance pursuant to the related Home Purchase Contract or Home Sale Contract in favor of any Transaction Party or any of the Buyer’s assignees and assigns pursuant to the Receivables Purchase Agreement will be made except as otherwise permitted under Section 2.01(d)(i) of the Transfer and Servicing Agreement and (ii) no delivery of any Home Purchase Contracts, Home Deeds and Equity Loan Notes to any custodian will be required.

  • 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.

  • Permitted Encumbrances means:

  • 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.

  • 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.

  • Real Property Lease has the meaning set forth in Section 3.9(b).

  • Ground Leases Those certain leases with respect to real property that is a portion of the Leased Property, pursuant to which Landlord is a tenant and which leases have either been approved by Tenant or are in existence as of the date hereof and listed on Schedule A hereto.

  • Real Property Leases means all leases, sub-leases, licenses or other agreements, in each case, pursuant to which any Group Company leases or sub-leases any real property.

  • Permitted Existing Liens means the Liens on assets of the Borrower and its Subsidiaries identified as such on Schedule 1.1.3 to this Agreement.

  • Real Properties means, at any time, a collective reference to each of the facilities and real properties (including the Borrowing Base Properties) owned or leased by the Consolidated Parties at such time.

  • Material Leasehold Property means a Leasehold Property reasonably determined by Administrative Agent to be of material value as Collateral or of material importance to the operations of Company or any of its Subsidiaries.

  • Real Property Documents means any material contract or agreement constituting or creating an estate or interest in any portion of the Site, including, without limitation, the Lease Agreements and the Subleases.

  • Personal Property Leases has the meaning set forth in Section 2.1(e).

  • Title V Permit means an operating permit under Title V of the Act.

  • 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.

  • Company Leased Real Property has the meaning set forth in Section 3.14(b).

  • Real Property means, collectively, all right, title and interest (including any leasehold, mineral or other estate) in and to any and all parcels of or interests in real property owned or leased by any Person, whether by lease, license or other means, together with, in each case, all easements, hereditaments and appurtenances relating thereto, all improvements and appurtenant fixtures and equipment, all general intangibles and contract rights and other property and rights incidental to the ownership, lease or operation thereof.

  • Mortgaged Real Property means (a) each Real Property identified on Schedule 1.01(a) hereto and (b) each Real Property, if any, which shall be subject to a Mortgage delivered after the Closing Date pursuant to Section 5.11(c).

  • Personal Property means any machinery, equipment, tools, vehicles, furniture, leasehold improvements, office equipment, plant, parts and other tangible personal property.

  • Real Property Laws has the meaning set forth in Section 4(l) below.

  • Material Leased Real Property shall have the meaning given in Section 3.7(b).

  • Leased Properties has the meaning set forth in Section 3.1(n)(ii).

  • Transferred Real Property has the meaning set forth in Section 1.1(p).

  • Owned Real Properties has the meaning set forth in Section 3.16(b).

  • Owned Real Property has the meaning set forth in Section 4.10(a).