Survey Defect definition

Survey Defect as defined in Section 6.11(c).

Survey Defect has the meaning set forth in Section 5.12(b)(i). “Tangible Personal Property” has the meaning set forth in Section 1.1(b). “Target Working Capital” means Zero Dollars ($0.00).

Survey Defect means any encroachment over a boundary or into a required yard or any other circumstance relating to the location of structures or improvements on the Land or

Examples of Survey Defect in a sentence

• In the event Seller is unwilling or unable to clear the Survey Defects on or before the Survey Defect Cure Date, Buyer shall have the option, in its sole discretion, to (i) proceed with the purchase and acquire the Property subject to the Survey Defects, in which case the Survey Defects are deemed approved; or (ii) terminate this Agreement, in which case the Earnest Money will be refunded to Buyer.

• After receipt of notice from Purchaser, Seller shall have five (5) business days to provide written notice to Purchaser as to whether Seller elects to (i) correct such Survey Defects before the Closing, (ii) have the Title Company commit to insure over the Survey Defect, or (iii) not remove or correct any such Survey Defects.

• If the latter, qualify the form of Solicitor’s Opinion, to confirm the Mortgagee’s acceptance of the potential Survey Defect.

• In most cases, these changes are identified through the collaboration of engaged professionals, including employers who hire our students for coop and permanent employment, members of professional advisory boards, full-time faculty (for whom currency is an ongoing requirement reflected through research and scholarship), and part-time faculty (professors of practice).

• In the event Buyer waives the requirement for a survey, Buyer also waives any right to require Seller to resolve any Encroachment or Survey Defect.

More Definitions of Survey Defect

Survey Defect means any matter disclosed on a Survey that would, or would reasonably be expected to, materially interfere with the present or continued use of any parcel of Real Property or have a Material Adverse Effect on the value of any parcel of Real Property.

Survey Defect has the meaning set forth in '5(i)(iii) below.

Survey Defect has the meaning set forth in Section 8.3.

Survey Defect means any of the following shown on or discernable from the Survey: (a) a lack of vehicular access to and from the Real Property to and from a dedicated and accepted public right-of-way; (b) any zoning or land use ordinances (other than Permitted Exceptions); (c) noncompliance with any applicable zoning law, including, without limitation, those relating to setback or height restrictions; (d) noncompliance with any covenant, restriction or condition affecting the Real Property; or (e) any Lien (other than Permitted Exceptions) which individually or when aggregated with other matters affecting title (other than Permitted Exceptions): (i) materially detracts from the value of the Real Property, (ii) impairs, or reasonably could be expected to impair, the use of the Real Property in the manner such property is currently being used by the Company in connection with the Business, (iii) impairs, or reasonably could be expected to impair, the operations of the Company or the conduct of the Business, or (iv) renders the title to the Real Property unmarketable.

Survey Defect shall have the meaning set forth in Section 6(b) of this Agreement.

Survey Defect shall have the meaning set forth in Section 3.1(c)(iii) hereof. "Tax, Insurance and Ground Rents Escrow Account" shall have the meaning set forth in Section 9.3.1 hereof.

Survey Defect means any title defect, exception, restriction, easement, right of way, encumbrance, encroachment and other matter affecting title to any of the Real Property listed on Schedule 1.1(c) shown on any new surveys obtained by the Buyer (the “Surveys”) that materially detracts from the value of or materially interferes with the present use of any such Real Property but does not include any of the foregoing that was shown on any existing survey provided to the Buyer by the Seller or any of the InterfaceFABRIC Companies or referred to in the Title Commitments.