Survey Defect definition

Survey Defect as defined in Section 6.11(c).

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Survey Defect has the meaning set forth in Section 5.02.

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.

Examples of Survey Defect in a sentence

• If Seller does not provide a New Title and Survey Election Notice to Purchaser within such time period, then Seller shall be deemed to have elected not to remove or cure such New Title Exception or New Survey Defect as an Unpermitted Exception pursuant to clause (2) of the preceding sentence.

• If Seller does not provide a New Title and Survey Election Notice to Purchaser within such time period, then Seller shall be deemed to have elected not to remove or cure the New Title Exception or New Survey Defect as an Unpermitted Exception pursuant to clause (2) of the preceding sentence.

• If CWI does not provide a New Title and Survey Response Notice to WPPI within such time period, CWI shall be deemed to have elected to proceed to Closing pursuant to this Agreement and accept title to the Real Property subject to such New Title Exception or New Survey Defect pursuant to clause (y) of the preceding sentence.

• Notwithstanding any of the foregoing to the contrary, it shall be deemed to be a default by Seller in the event Seller fails to timely deliver the Updated Survey to Purchaser or the Updated Survey discloses a Survey Defect which was not disclosed on the Initial Survey.

• The Seller will not create or permit to exist any New Title Exception or New Survey Defect.

More Definitions of Survey Defect

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

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 Section 8.3.

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 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 has the meaning ascribed to it in Section 4.05(c).

Survey Defect means any of the following shown on or discernable from the Survey: