Unpermitted Exceptions definition

Unpermitted Exceptions has the meaning set forth in Section 5.3.1.

Unpermitted Exceptions has the meaning set forth in Section 9.2.

Unpermitted Exceptions has the meaning set forth in Section 4.2(c) of this Agreement.

Examples of Unpermitted Exceptions in a sentence

• All other exceptions to title shall be referred to as "Unpermitted Exceptions".

• On the Closing Date, Title Insurer shall deliver to Purchaser a standard title policy in conformance with the previously delivered Title Commitment, subject to Permitted Exceptions and Unpermitted Exceptions waived by Purchaser (the "Title Policy").

• If Seller fails to deliver such written notice to Buyer within such 10-day period, then Seller shall be deemed to have declined to arrange to have the Unpermitted Exceptions removed, insured over, or otherwise cured.

• Notwithstanding the foregoing, if such date down to the Title Commitment discloses any new Unpermitted Exceptions which, in the aggregate, equal or exceed $25,000, Seller shall have the right, but not the obligation, to bond over, cure and/or have such exceptions removed from the Title Commitment or to have the Title Insurer commit to insure against loss or damage that may be occasioned by such Unpermitted Exceptions.

• Should Seller not provide such agreement within the period required by the preceding sentence, Seller shall be deemed to have refused to cure such Unpermitted Exception(s).

More Definitions of Unpermitted Exceptions

Unpermitted Exceptions has the meaning set forth in Section 4(c)(i) hereof.

Unpermitted Exceptions means the exceptions to title to the Real Property, other than Permitted Exceptions.

Unpermitted Exceptions shall have the meaning set forth in Section 8.10.2.

Unpermitted Exceptions has the meaning assigned to such term in Section 6.6(c).

Unpermitted Exceptions has the meaning set forth in Section 5.3.1. 9 AUS-6206654-10 6055890/60 “WARN Act” means the Worker’s Adjustment and Retraining Xxxxxxxxxxxx Xxx, 00 X.X.X. §0000, et seq., as well as the rules and regulations thereto, set forth in 00 XXX 000, et seq., and any similar state and local laws, as amended from time to time, and any regulations, rules and guidance issued pursuant thereto. “Warranties” has the meaning set forth in Section 2.1.15.

Unpermitted Exceptions means any lien, encumbrance, easement, agreement, restriction, proceeding, notice, covenant, exception to title, survey matter, flood zone designation or any other matter (specifically excluding any violations that may exist relating to violations of set-backs of improvements such as carports, sheds and the like), in each case to the extent that same would cause title to a Property, in Purchaser’s reasonable discretion, to be “unmarketable” or the Property to be “unfinanceable” by commercial real estate lenders such as insurance companies, CMBS lenders, Xxxxxx Xxx or other institution lenders who are in the business of providing mortgage financing secured by manufactured housing communities. Purchaser shall have the right to request that the Title Insurer provide, at Purchaser’s sole cost and expense, any reinsurance or endorsements Purchaser shall request, provided that the issuance of such reinsurance or endorsements shall not be a condition to or delay the Closing.

Unpermitted Exceptions. This term shall have the meaning ascribed to it in Section 7.02 below.