Title Condition definition

Title Condition means the Condition Precedent set forth in Section 8.1(b).
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Title Condition. The condition set out in Part 2 of Schedule 1;
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Title Condition is defined in section 1.16.
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Examples of Title Condition in a sentence

  • Pay the amount of those monetary liens that are not permitted as part of the Required Title Condition in accordance with the demands approved by Seller, utilizing funds to which Seller shall be entitled upon Close of Escrow and funds (if any) deposited in Escrow by Seller.

  • Possession of the Property shall be delivered to Buyer by Seller at the Closing, subject only to the Tenant Leases and rights arising under the matters set forth in the Preliminary Report and permitted as part of the Required Title Condition.

  • Pay the amount of those monetary liens that are not permitted as part of the Required Title Condition, utilizing proceeds of the Purchase Price to which Seller shall be entitled upon Closing and funds (if any) deposited in Escrow by Seller.

  • Possession of the Property shall be delivered to Buyer by Seller at the Closing, subject only to the rights of the Tenant under the Lease, rights arising under any Property Contracts not terminated by Seller pursuant to Section 3.4 above, and rights arising under the matters set forth in the Preliminary Report and permitted as part of the Required Title Condition.

  • The Council will be responsible for delivering the site with vacant possession and clear and marketable title in accordance with the Development Agreement’s (DA) Title Condition.

  • Possession of the Property shall be delivered to Buyer by Seller at the Closing, subject only to the rights of tenants under the Leases, rights arising under any Property Contracts not terminated by Buyer pursuant to Section 3.4 above, and rights arising under the matters set forth in the Preliminary Report and permitted as part of the Required Title Condition.

  • Pay the amount of those monetary liens that are not permitted as part of the Required Title Condition in accordance with the demands approved by Seller, utilizing funds to which Seller shall be entitled upon Closing and funds (if any) deposited in Escrow by Seller.

  • Possession of the Property shall be delivered to Buyer by Seller at the Closing, subject only to the rights of the tenant under the Lease, rights arising under any Property Contracts not terminated by Buyer pursuant to Section 3.4 above, and rights arising under the matters set forth in the Preliminary Report and permitted as part of the Required Title Condition.

  • Possession of the Property shall be delivered to Buyer by Seller at the Closing, subject only to the Tenant Leases, the Ground Lease and rights arising under the matters set forth in the Preliminary Report and permitted as part of the Required Title Condition.

  • A lien to secure payment of real estate taxes not delinquent shall constitute an Approved Title Condition.


More Definitions of Title Condition

Title Condition. That all of the following are true as of the Closing Date: (a) delivery of the Pinebrook Deed and transfer tax forms to Buyer on the Closing Date (with the names and other blanks appropriately completed) shall be sufficient to transfer fee simple title to the real estate portion of the Collateral to Buyer on the Closing Date, subject only to Permitted Encumbrances, (b) delivery of organizational documents and resolutions from Borrower with respect to the Transaction, to the extent reasonably required by the title company issuing an owner’s title policy to Buyer, to evidence the authority of Borrower to execute and deliver the Pinebrook Escrow Documents (as defined in the Settlement Agreement), and (c) no Encumbrances shall encumber the Collateral on the Closing Date, other than Permitted Encumbrances.
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Title Condition means a real burden, title condition, reservation, wayleave, condition, servitude or provision or restriction contained in the title to the Premises or applicable at common law or by statute affecting the Premises; and
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Related to Title Condition

  • Title Report has the meaning set forth in Section 5.4(b).

  • Title Commitment shall have the meaning set forth in Section 4.2.

  • Review Conditions means (i) the Delinquency Percentage for any Payment Date exceeds the Delinquency Trigger for that Payment Date and (ii) the Noteholders or Note Owners, as applicable, have voted, pursuant to Section 2.03(d) of the Receivables Purchase Agreement, to direct an Asset Representations Review of the Subject Receivables.

  • Title Objections has the meaning ascribed to such term in Section 6.2(a).

  • Mortgage Conditions means the mortgage conditions booklet reference MORT 0154 MAY 13 HF;

  • Property Condition Report means a report prepared by a company satisfactory to Lender regarding the physical condition of the Property, satisfactory in form and substance to Lender in its sole discretion.

  • Title Objection shall have the meaning assigned thereto in Section 8.5.

  • Environmental Conditions means any conditions of the environment, including, without limitation, the work place, the ocean, natural resources (including flora or fauna), soil, surface water, ground water, any actual or potential drinking water supply sources, substrata or the ambient air, relating to or arising out of, or caused by the use, handling, storage, treatment, recycling, generation, transportation, Release or threatened Release or other management or mismanagement of Regulated Substances resulting from the use of, or operations on, the Property.

  • Unsafe condition as used in this clause means the actual or potential exposure of contractor or Government employees to a hazardous material as defined in Federal Standard No. 313, and any revisions thereto during the term of this contract, or any other material or working condition designated by the Contracting Officer's Technical Representative (COTR) as potentially hazardous and requiring safety controls.

  • Record of survey map means a map of a survey of land prepared in accordance with Section 10-9a-603, 17-23-17, 17-27a-603, or 57-8-13.

  • Title V means Title V of the federal Act for the Senior Community Service Employment Program for Older Americans.

  • Special Conditions means Special Conditions of Contract, which override the General Conditions, also referred to as SCC.

  • Title Commitments has the meaning set forth in Section 5.9.

  • Nonconforming zoning condition means a physical improvement on a property that does not conform with current zoning standards.

  • Closing Conditions shall include, but are not limited to, SI Securities determining in its sole discretion that at the time of a closing, the Minimum Offering has been met, the investment remains suitable for investors, investors have successfully passed ID, KYC, AML, OFAC, and suitability screening, and that Issuer has completed all actions required by it as communicated by SI Securities at the time of a closing.

  • Escrow Release Conditions means, collectively, the conditions set forth in Section 4.3.

  • Permitted Exception means (a) liens for Taxes and other governmental charges and assessments which are not yet due and payable, (b) liens of landlords and liens of carriers, warehousemen, mechanics and materialmen and other like liens arising in the ordinary course of business for sums not yet due and payable, (c) other liens or imperfections on property which are not material in amount or do not materially detract from the value or the existing use of the property affected by such lien or imperfection, (d) such statements of fact and exceptions shown on any title insurance policies delivered to Global.

  • Environmental Condition means any condition or circumstance, including the presence of Hazardous Substances which does or would (i) require assessment, investigation, abatement, correction, removal or remediation under any Environmental Law, (ii) give rise to any civil or criminal Liability under any Environmental Law, (iii) create or constitute a public or private nuisance or (iv) constitute a violation of or non-compliance with any Environmental Law.

  • Special Condition means a condition of a Transporter's Licence or Shipper's Licence other than a Standard Condition;

  • Title Defects has the meaning set forth in Section 5.15(b).

  • Title Company means First American Title Insurance Company.

  • Title Defect Notice shall have the meaning set forth in Section 11.2(a).

  • Release Conditions mean the following conditions: (i) Company has received the Executive’s executed Release and (ii) any rescission period applicable to the Executive’s executed Release has expired.

  • Preliminary Title Report A report issued by a title insurance company in anticipation of issuing a Title Insurance policy which evidences existing liens and gives a preliminary opinion as to the absence of any encumbrance on title to a Mortgaged Property, except liens to be removed on or before purchase or refinance, as the case may be, by the Borrower and Permitted Encumbrances.

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

  • Environmental Defect Notice shall have the meaning set forth in Section 12.1(a).