Examples of Title Exception Documents in a sentence
Any and all other documents which are reasonably required by Master Tenant based on its review of the Title Exception Documents, Title Commitment and Survey, or from an inspection of the Premises or otherwise reasonably required by Master Tenant.
If Purchaser fails to terminate within such 15-day period or fails to deliver the Title and Survey Objections within such 15-day period, then Purchaser shall be deemed to have waived such termination right and approved the Title Commitments, the Title Exception Documents and the Surveys and the title exceptions set forth in the Title Commitments, Title Exception Documents and/or Surveys shall be deemed to be Permitted Exceptions.
If Purchaser has any objections to the Title Commitments, the Title Exception Documents and the Surveys, Purchaser may elect to terminate this Contract by delivering written notice to Seller within such 15-day period, together with its reasons for terminating, in which event the Xxxxxxx Money shall be returned to Purchaser and Seller and Purchaser shall be relieved from any further obligations hereunder, save and except for those which expressly survive the termination of this Contract.
As to each of the Refinery Real Property and each of the Marketing Sites, MPC shall deliver, or cause the Title Company and any surveyor to deliver, to NTI the relevant Title Commitment, Title Exception Documents, and Survey (collectively, the “Title and Survey Documents”) as soon as reasonably practicable and promptly after the Title and Survey Documents has been prepared.
There are no contracts affecting the Property, other than (i) the CSL Lease, (ii) contracts included in the Title Exception Documents, and (iii) the contracts listed on Exhibit M attached hereto.
Within fifteen (15) days following Purchaser's receipt of all of the Title Commitments, the Title Exception Documents and the Surveys specified in Sections 5(a) and (b) above, Purchaser shall have the right to review the Title Commitments, the Title Exception Documents and the Surveys.
Purchaser shall have a period of time (the “Title Review Period”) ending on the date that is five (5) days prior to the expiration of the Feasibility Period in which to notify Seller in writing of any objections Purchaser has to any matters shown on or in the Title Commitment, the Title Exception Documents or the Survey (or Existing Survey as the case may be).
In lieu of terminating this Contract, Purchaser shall deliver to Seller in writing any objections that Purchaser may have to the Title Commitments, Title Exception Documents and the Surveys (the "Title and Survey Objections").
With reasonable promptness following the Effective Date, Purchaser shall obtain a commitment for the issuance of an owner's policy of title insurance (ALTA Form B-1992) with respect to the Real Property (the "Title Commitment") in the full amount of the Purchase Price, issued by a title insurance company selected by Purchaser (the "Title Company"), together with copies of all recorded exceptions to title disclosed thereby (the "Title Exception Documents").
Any title encumbrances or exceptions which are set forth in the Title Commitment, the Title Exception Documents or the Survey (or the Existing Survey) and to which Purchaser does not object on or prior to the last day of the Title Review Period (or which are thereafter waived or deemed to be waived by Purchaser) shall be deemed to be permitted exceptions (collectively, the “Permitted Exceptions”) to the status of Seller’s title to the Property.