ACCEPTED TITLE Sample Clauses

The "Accepted Title" clause establishes the criteria and process by which a party's ownership of property or assets is formally recognized as valid and free from significant defects. In practice, this clause typically outlines the standards for what constitutes a marketable or insurable title, and may specify the documentation or assurances required to demonstrate clear ownership, such as title reports or insurance policies. Its core function is to ensure that the receiving party obtains property with a legally sound title, thereby minimizing the risk of future disputes or claims against ownership.
POPULAR SAMPLE Copied 1 times
ACCEPTED TITLE. Purchaser has received an owner's title insurance commitment (the "TITLE COMMITMENT") and copies of certain of the title exception documents referred to therein from the Seller. Purchaser will deliver written notice to Seller within ten (10) business days from the Effective Date identifying the title exception documents referred to in the Title Commitment which have not been received by Purchaser (the "EXCEPTION NOTICE"). Within forty-five (45) days after the Effective Date, Seller will send to Purchaser a copy of an updated survey for the Property (the "SURVEY") and copies of the title exception documents listed in the Exception Notice. Within ten (10) business days after Purchaser's receipt of the Survey for the Property and those previously identified missing title exception documents listed in the Exception Notice (the "OBJECTION PERIOD"), Purchaser shall notify Seller in writing of any objections it has to the state of title or Survey of the Property ("PURCHASER'S TITLE AND SURVEY OBJECTIONS"). Upon the expiration of the Objection Period, except for Purchaser's Title and Survey Objections, Purchaser shall be deemed to have accepted the form and substance of the title commitment and the Survey (the accepted Title Commitment and the accepted Survey shall hereinafter be referred to as the "ACCEPTED TITLE").
View SourceView Similar (2)

Related to ACCEPTED TITLE

  • ▇▇▇▇▇▇ Title President

  • OWNERSHIP TITLE The Licensed Software is the proprietary property of Symantec or its licensors and is protected by copyright law. Symantec and its licensors retain any and all rights, title and interest in and to the Licensed Software, including in all copies, improvements, enhancements, modifications and derivative works of the Licensed Software. Your rights to use the Licensed Software shall be limited to those expressly granted in this License Agreement. All rights not expressly granted to You are retained by Symantec and/or its licensors.

  • Valid Title Such Selling Stockholder has, and at the Closing Time will have, valid title to the Securities to be sold by such Selling Stockholder free and clear of all security interests, claims, liens, equities or other encumbrances and the legal right and power, and all authorization and approval required by law, to enter into this Agreement and the Power of Attorney and Custody Agreement and to sell, transfer and deliver the Securities to be sold by such Selling Stockholder.

  • Clear Title Seller owns good and marketable title in and to the Asset.

  • Marketable Title Upon payment of the purchase price, a Deed for the property shall be executed by the Seller and shall convey the property to the Buyer. Title to the property shall be good and marketable, free of liens, encumbrances, subject to all applicable ground rent, covenants, conditions, restrictions, easements, rights of way, laws, ordinances, regulations, charges, taxes and assessments, rights of others in party walls of the Property, and any other matters of record. The buyer has the right to choose his own settlement agent or attorney to conduct settlement.