Unsatisfactory Exceptions definition

Unsatisfactory Exceptions has the meaning specified in Section 6.03(a). "Unscheduled Occupancy Agreements" has the meaning specified in Section 4.23. "Utility Plant" means that portion of the System's assets that is used and useful for the operations of the water system, including without limitation, plant in service, construction work in progress, materials, supplies and other items included in utility plant under applicable Law, and excluding CIAC, plant leased to others and, unless expressly allowed by the IURC as utility plant under applicable Law, plant held for future use, and net of accumulated depreciation and amortization.
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Unsatisfactory Exceptions has the meaning specified in Section 5.08(d).
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Examples of Unsatisfactory Exceptions in a sentence

  • Seller shall have the obligation to cure prior to the Closing Date or make arrangements to cure after the Closing Date all Unsatisfactory Exceptions that (i) can be cured without paying money to third parties, (ii) are Liens or (iii) will materially restrict or prevent the use of the Real Property at issue in the operation of the System.

  • If Purchaser fails to deliver to Seller the Reports and Purchaser’s written list or correspondence of such Unsatisfactory Exceptions within such ten (10) Business Day period, the Purchaser shall be conclusively deemed to have waived any right to any matters set forth in such Reports, except for mortgages and/or liens of record that would be discharged and/or released by the payment of money by Seller on the Transfer Date.

  • Seller’s failure to timely notify Purchaser of which Unsatisfactory Exceptions and Unsatisfactory State of Facts will be cured by Seller by the Closing shall conclusively be deemed to constitute Seller’s election not to cure such Unsatisfactory Exceptions and Unsatisfactory State of Facts.

  • The Company shall, at its sole cost and expense, use its reasonable best efforts to cause any Unsatisfactory Exceptions to be released, any Unsatisfactory States of Fact to be corrected or shall make arrangements therefore satisfactory to Purchaser, by no later than the applicable Closing Date.

  • Within five (5) business days after the Effective Date, Seller shall notify Purchaser in writing (“Seller’s Exception Notice”) which of the Unsatisfactory Exceptions and Unsatisfactory State of Facts, Seller will, at its sole cost and expense, cause to be cured and eliminated no later than the Closing.

  • Seller shall, at its sole cost and expense, cause any Unsatisfactory Exceptions set forth in Purchaser’s written list to be released and/or corrected, or shall make arrangements therefore satisfactory to Purchaser, no later than ten (10) Business Days prior to the Transfer Date.

  • If the Closing occurs, Seller shall pay the premium for the Owner’s Title Policy, excluding any premiums for endorsements (other than endorsements which Seller elects to provide (and Purchaser is willing to accept) to cure or insure over any Unsatisfactory Exceptions or Unsatisfactory State of Facts (as those terms are defined in below in this paragraph 4).

Related to Unsatisfactory Exceptions

  • Equitable Exceptions means, with respect to the enforceability of any obligation, that such obligation is subject to (a) applicable bankruptcy, insolvency, moratorium, receivership, assignment for the benefit of creditors or other similar state or federal laws affecting the rights and remedies of creditors generally (including, without limitation, fraudulent conveyance or transfer laws) and judicially developed doctrines in this area, such as equitable subordination and substantive consolidation of entities and (b) equitable principles (whether considered in a proceeding in equity or at law).

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

  • Bankruptcy Exceptions means limitations on, or exceptions to, the enforceability of an agreement against a Person due to applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally or the application of general equitable principles, regardless of whether such enforceability is considered in a proceeding at law or in equity.

  • Good cause exception means the issuance of a fingerprint

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

  • Permitted Title Exceptions means those exceptions to title to the Real Property that are satisfactory to the Acquiror as determined pursuant to Section 2.2.

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

  • Customary Recourse Exceptions means, with respect to any Non-Recourse Debt of an Unrestricted Subsidiary, exclusions from the exculpation provisions with respect to such Non-Recourse Debt for the voluntary bankruptcy of such Unrestricted Subsidiary, fraud, misapplication of cash, environmental claims, waste, willful destruction and other circumstances customarily excluded by lenders from exculpation provisions or included in separate indemnification agreements in non-recourse financings.

  • Bankruptcy Exception means, in respect of any agreement, contract, commitment or obligation, any limitation thereon imposed by any bankruptcy, insolvency, fraudulent conveyance, reorganization, receivership, moratorium or similar Law affecting creditors’ rights and remedies generally and, with respect to the enforceability of any agreement, contract, commitment or obligation, by general principles of equity, including principles of commercial reasonableness, good faith and fair dealing, regardless of whether enforcement is sought in a proceeding at Law or in equity.

  • Toll Billing Exception Service (TBE) means a service that allows End Users to restrict third number billing or collect calls to their lines.

  • Enforceability Exceptions has the meaning set forth in Section 3.2.

  • Due Diligence Examination shall have the meaning set forth in Section 3.2.

  • 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.

  • Specified Conditions means, at any time of determination thereof, (a) no Incremental Term Loans in the form of an institutional term loan B facility have been issued and are outstanding pursuant to Section 2.20 of the Credit Agreement and (b) (i) the Company’s “corporate credit rating” from S&P (or such other term as S&P may from time to time use to describe the Company’s senior unsecured non-credit enhanced long term indebtedness, such rating, the “S&P Rating”) shall be at least BBB- (with a stable outlook) and the Company’s “corporate family rating” from Xxxxx’x (or such other term as Xxxxx’x may from time to time use to describe the Company’s senior unsecured non-credit enhanced long term indebtedness, such rating, the “Xxxxx’x Rating”) shall be at least Baa3 (with a stable outlook) or (ii) (x) the Company’s S&P Rating shall be at least BBB- (with a stable outlook) or the Company’s Xxxxx’x Rating shall be at least Baa3 (with a stable outlook) and (y) the Leverage Ratio is less than or equal to 2.50 to 1.00.

  • Toll Billing Exception Service (TBE means a service that allows End Users to restrict third number billing or collect calls to their lines.

  • Exceptions means the conditions set out in Standard Licence Condition 14A.3 of our Licences, which are: (i) if your previous supplier has prevented

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

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

  • Enforceability Exception has the meaning set forth in Section 3.05.

  • 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 Policies has the meaning set forth in Section 6.17.

  • Litigation Conditions has the meaning set forth in Section 11.3.

  • Privileged Information Exception With respect to any Privileged Information, at any time (a) such Privileged Information becomes generally available and known to the public other than as a result of a disclosure directly or indirectly by the party restricted from disclosing such Privileged Information (the “Restricted Party”), (b) it is reasonable and necessary for the Restricted Party to disclose such Privileged Information in working with legal counsel, auditors, taxing authorities or other governmental agencies, (c) such Privileged Information was already known to such Restricted Party and not otherwise subject to a confidentiality obligation and/or (d) the Restricted Party is (in the case of the Master Servicer, the Special Servicer, the Operating Advisor, the Certificate Administrator, any affected Serviced Companion Loan Holder, the Trustee and the Asset Representations Reviewer, as evidenced by an Officer’s Certificate (which shall include a certification that it is based on the advice of counsel) delivered to each of the Master Servicer, the Special Servicer, the applicable Directing Holder, the applicable Consulting Parties, the Operating Advisor, the Certificate Administrator, the Trustee and the Asset Representations Reviewer) required by law, rule, regulation, order, judgment or decree to disclose such information.

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

  • Force Majeure Exception means any failure or delay in the performance of the Fund’s reporting obligation pursuant to Section 2.3 arising out of or caused, directly or indirectly, by circumstances beyond its reasonable control, including, without limitation, acts of God; earthquakes; flood; terrorism; wars and other military disturbances; sabotage; epidemics; riots; loss or malfunctions of utilities, computer (hardware or software) or communication services; accidents; acts of civil or military authority and governmental action. The Fund shall use commercially reasonable efforts to commence performance of its obligations during any of the foregoing circumstances.

  • Termination Conditions means, collectively, (a) the payment in full in cash of the Obligations (other than (i) contingent indemnification obligations not then due and (ii) Obligations under Secured Hedge Agreements and Secured Cash Management Agreements) and (b) the termination of the Commitments and the termination or expiration of all Letters of Credit under this Agreement (unless the Outstanding Amount of the L/C Obligations related thereto has been Cash Collateralized on terms reasonably acceptable to the applicable Issuing Bank, backstopped by a letter of credit reasonably satisfactory to the applicable Issuing Bank or deemed reissued under another agreement reasonably acceptable to the applicable Issuing Bank).