Objectionable Title Matters and Permitted Exceptions Sample Clauses

Objectionable Title Matters and Permitted Exceptions. Except for any exceptions to or defects in Seller’s title (“Objectionable Title Matters”) with respect to which Buyer gives Seller and Escrow Agent written notice of objection (each a “Title Objection Notice”) within ten days prior to the Approval Date (or, with respect to any defect or exception which is disclosed to Buyer after it delivered its last Title Objection Notice, by the earlier of the Closing Date or five days after such matter is disclosed to Buyer by an update to the Title Report or otherwise), Buyer shall be deemed to have approved the state of Seller’s title to the Hotel Premises as disclosed by the Title Report or the Title Documents or would be disclosed on the Effective Date by a Survey and inspection of the Hotel Premises. All exceptions and other defects that are disclosed by the Title Report or the Title Documents, or would be disclosed by such a Survey and inspection, to which Buyer makes no timely objection in accordance with the provisions of this Section 4, and all such exceptions and other defects to which Buyer timely objects but later waives such objection as provided in this Section 4, shall be deemed Permitted Exceptions.
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Objectionable Title Matters and Permitted Exceptions. Except for any Liens, and except for any other exceptions to or defects in Seller's title ("Objectionable Title Matters") with respect to which Buyer gives Seller and Escrow Agent written notice of objection on or before the Approval Dates Buyer shall be deemed to have approved the state of Seller's title to the Real Property as disclosed by the Title Report and the Survey. All exceptions and other defects (except Liens) disclosed by the Title Report or the Survey to which Buyer makes no objection in accordance with the provisions of this Section 2.3, and all such exceptions and other defects to which Buyer objects but later waives such objection as provided in this Section 2.3, shall be deemed Permitted Exceptions.
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Objectionable Title Matters and Permitted Exceptions. Except for each: (1) Lien (other than Permitted Exceptions), and (2) Every other exception to or defect in the applicable Seller's title to the applicable Hotel Premises, not a Permitted Exception, as to which Buyer gives Sellers written notice of objection on or before the later of (A) the Approval Date or (B) ten Business Days after a Title Document disclosing such exception or defect is delivered to Buyer (an "Objectionable Title Matter"),
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Objectionable Title Matters and Permitted Exceptions. Except for each: 4.4.1.1 Lien and 4.4.1.2 Every other exception to or defect in Seller’s title to the Hotel Premises which is not a Permitted Exception (an “Objectionable Title Matter”), as to which Buyer gives Seller written notice of objection by the latest of (A) the Approval Date, (B) five Business Days after a Title Document disclosing such exception or defect is delivered to Buyer or (C), in the case of objections to exceptions or defects disclosed by a Survey, five Business Days after Seller delivers the down-dated, conformed Existing Survey to Buyer or, where the Survey is obtained by Buyer pursuant to Section 4.2, 45 Days after the Effective Date.
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Objectionable Title Matters and Permitted Exceptions. Except for any exceptions to or defects in Seller’s title (“Objectionable Title Matters”) with respect to which Buyer gives Seller and Escrow Agent written notice of objection on or before the Approval Date, Buyer shall be deemed to have approved the state of Seller’s title to the Hotel Premises as disclosed by the Title Report and the Survey. All exceptions and other defects which are disclosed by the Title Report or the Survey to which Buyer makes no objection in accordance with the provisions of this Section 4, and all such exceptions and other defects to which Buyer objects but later waives such objection as provided in this Section 4, shall be deemed Permitted Exceptions.
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Objectionable Title Matters and Permitted Exceptions. Except for: (1) Each monetary Lien, (2) Litigation matters appearing as exceptions to title, and (3) Every other exception to or defect in the applicable Seller's title to the applicable Hotel Premises, not a Permitted Exception, as to which Buyer gives Sellers written notice of objection on or before the later of (A) the Approval Date or (B) ten Business Days after a Title Document disclosing such exception or defect is delivered to Buyer (an "Objectionable Title Matter"), Buyer shall be deemed to have approved the state of title with respect to the applicable Hotel Premises as shown by the Title Documents delivered to Buyer hereunder. All exceptions and other defects (except Permitted Exceptions) disclosed by such a Title Document as to which Buyer makes no timely objection in accordance with the provisions of this Section 4.4(a), and all
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Objectionable Title Matters and Permitted Exceptions. Buyer shall promptly review the Title Report and shall within ten (10) days after receipt thereof advise Seller in writing of any exceptions to or defects in Seller's title to which Buyer objects ("Objectionable Title Matters"). In case any exceptions to or defects in Seller's title may be first disclosed to or discovered by Buyer after delivery of the Title Report, Buyer shall have five (5) days to review and approve or object to such exceptions, in the latter case such objections also becoming Objectionable Title Matters. All exceptions and other defects disclosed by the Title Report or the Survey or as disclosed to or discovered by Buyer after delivery of the Title Report and which Seller has not elected to cure in accordance with Section 2.3.3, shall, from and after the Option Date, be deemed Permitted Exceptions. No exceptions for a mortgage, deed of trust, or other consensual lien for repayment of money shall be deemed to be a Permitted Exception.
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Objectionable Title Matters and Permitted Exceptions. Except for any exceptions to or defects in Seller’s title (“Objectionable Title Matters”) with respect to which Buyer properly gives Seller and Title Company written notice of objection (each a “Title Objection Notice”) by no later than the Effective Date (the “Title Review Date”) (or, with respect to any defect or exception which is disclosed to Buyer after it delivered its last Title Objection Notice, by the earlier of the Closing Date or five (5) Business Days after such matter is disclosed to Buyer), Buyer shall be deemed to have approved the state of Seller’s title to the Hotel as disclosed by the Title Documents and, if Buyer does not elect to obtain an update of the Survey as provided in Section 4.1.1, that would have been disclosed by any such update of the Survey. Buyer shall not object to any Permitted Exceptions set forth in clauses (A) through (G) of the definition of Permitted Exceptions set forth in Section 4.1.6. All other exceptions and other defects that are disclosed by the Title Documents or, if Buyer does not elect to obtain an update of the Survey as provided in Section 4.1.1, that would have been disclosed by any such updated Survey, to which Buyer makes no timely objection in accordance with the provisions of this Section 4.1, and all such exceptions and other defects to which Buyer timely objects but later waives such objection as provided in this Section 4.1, shall then also become and be deemed Permitted Exceptions. Notwithstanding the foregoing, under no circumstances shall (i) any mortgages, deed of trust or other security instruments for any financing incurred by Seller (other than the Equipment Leases) or (ii) delinquent real estate ad valorem taxes, delinquent general and special assessments or delinquent personal property ad valorem taxes be considered a Permitted Exception and Buyer shall not be required to list such items in any Title Objection Notice.
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Related to Objectionable Title Matters and Permitted Exceptions

  • Permitted Exceptions The Property shall be conveyed subject to the matters which are, or are deemed to be, Permitted Exceptions pursuant to Article II hereof (herein referred to collectively as the “Permitted Exceptions”).

  • Title Exceptions To the best of Borrower’s knowledge after due inquiry and investigation, none of the items shown in the schedule of exceptions to coverage in the title policy issued to and accepted by Lender contemporaneously with the execution of this Loan Agreement and insuring Lender’s interest in the Mortgaged Property will have a Material Adverse Effect on the (a) ability of Borrower to pay the Loan in full, (b) ability of Borrower to use all or any part of the Mortgaged Property in the manner in which the Mortgaged Property is being used on the Closing Date, except as set forth in Section 6.03, (c) operation of the Mortgaged Property, or (d) value of the Mortgaged Property.

  • Title; Encumbrances Is the Property sold subject to any Encumbrances? No Yes, listed below: ■ WARNING TO SELLER: You are required to disclose all Title Encumbrances which will remain after settlement (for example, easements on your title and statutory easements for sewerage and drainage which may not appear on a title search). Failure to disclose these may entitle the Buyer to terminate the contract or to compensation. It is NOT sufficient to state "refer to title", "search will reveal", or similar. TENANTS NAME: ■ If the property is sold with vacant possession from settlement, insert 'Nil'. Otherwise complete details from Residential Tenancy Agreement. TERM AND OPTIONS: STARTING DATE OF TERM: ENDING DATE OF TERM: RENT: BOND: $ $ PROPERTY MANAGER: ADDRESS: SUBURB: STATE: POSTCODE: PHONE: FAX: MOBILE: EMAIL:

  • Permitted Encumbrances The term “Permitted Encumbrances” shall mean:

  • Title; Liens The Issuer has good, legal and marketable title to each of its respective assets, and none of such assets is subject to any Lien, except for Permitted Encumbrances and the Liens created or permitted pursuant to the Indenture.