Common use of Objectionable Title Matters and Permitted Exceptions Clause in Contracts

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.

Appears in 1 contract

Sources: Agreement of Purchase and Sale and Escrow Instructions (Pelican Properties International Corp)

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 Date ("Objectionable Title Matters"), Buyer shall be deemed to have approved the state of all exceptions to and defects in Seller's title to the Real Property as which are disclosed by the Title Report and the Survey, or which would be disclosed by an inspection of the Property on the Effective Date. All such exceptions and other defects (except Liens) disclosed by the Title Report or the Survey to which Buyer makes no does not make objection in accordance with the provisions of this Section 2.3, and all such exceptions and other defects to which Buyer objects does so object but later waives such objection as provided in this Section 2.3, shall be deemed Permitted Exceptions.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Amerivest Properties Inc)

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 five (5) days prior to the Approval Dates Date, 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, 2.3 shall be deemed Permitted Exceptions." 12. Section 2.3.3 of the Agreement is amended to read as follows:

Appears in 1 contract

Sources: Agreement of Purchase and Sale and Escrow Instructions (Pelican Properties International Corp)