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

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"),

Appears in 1 contract

Sources: Purchase and Sale Agreement (Capital Lodging)

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 ’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"),

Appears in 1 contract

Sources: Agreement for Purchase and Sale (Capital Lodging)