Additional Title Objections definition

Additional Title Objections means a title encumbrance and/or defect that appears for the first time on an updated Title Commitment, or an updated Survey, and was not created by or with the consent of Purchaser.
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Additional Title Objections shall have the meaning ascribed to such term in Section 2.4(e) hereof.
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Additional Title Objections shall have the meaning set forth in Section 9(b) hereof.
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Examples of Additional Title Objections in a sentence

  • If Property Owner does notify CBL/OP that Property Owner is willing to remove or otherwise insure against any Additional Title Objections and thereafter Property Owner is unable to remove or otherwise insure against any Additional Title Objections as indicated in Property Owner's notice, Property Owner shall have no liability to CBL/OP and CBL/OP's sole remedy in such event shall be to either waive such Additional Title Objection and proceed with the Closing or terminate this Agreement.

  • If Property Owner does not notify CBL/OP in writing within 5 days after Property Owner's receipt of CBL/OP's Additional Title Objection Notice (but in any event prior to the Closing Date) that Property Owner is willing to so remove or otherwise insure against any Additional Title Objections, Property Owner shall be deemed to have notified CBL/OP that Property Owner is unable or unwilling to remove or otherwise insure against such Additional Title Objections.

  • Notwithstanding the foregoing, in the event Cedar shall elect to undertake the removal of any Additional Title Objections hereunder, Cedar shall have the right in its sole and absolute discretion upon delivery of prior written notice to Homburg, to extend the applicable Scheduled Closing Date by up to thirty (30) days in the aggregate, to cause the removal thereof.

  • If VMRE does not terminate this Agreement by reason of an Additional Title Objections, then such Additional Title Objections shall be deemed waived and approved by VMRE and shall thereafter be deemed a Permitted Encumbrance.

  • With regard to all Additional Title Objections which are not Mandatory Cure Exceptions (the “Optional Cure Exceptions”), Seller shall have the option, but not the obligation, to take the actions necessary to have the Optional Cure Exceptions deleted or insured over by the Title Company, or transferred to bond so that the Optional Cure Exceptions are removed from the Title Commitment and Buyer’s Title Policy at or before Closing.

  • By notice to Purchaser, Seller shall advise Purchaser whether Seller is able and willing to satisfy or cure such Additional Title Objections or is unwilling or unable to cure such Additional Title Objections at or prior to Closing.

  • Buyer shall be responsible for obtaining any updates to the Title Commitment initially delivered to Buyer by Seller, if so desired by Buyer (collectively, the “Title Updates”) and, if and to the extent that Buyer objects to any matter set forth therein, shall provide Seller with copies of any such Title Updates together with such Additional Title Objections (as defined below) within the time period described below.

  • Purchaser and Seller shall have the same duties and obligations and rights with respect to Additional Title Matters that they respectively have with respect to Title and Survey Objections and Monetary Objections, except that Seller shall cause to be removed any Additional Title Objections placed of record after the date hereof in violation of Section 9.2(i)(4) ("Section 9.2(i)(4) Title Objections").

  • If Buyer fails to give Seller notice of its election within the time set forth in the previous sentence, Buyer shall be deemed to have elected to waive such Additional Title Objections.

  • For purposes of this Agreement, the following terms shall have the respective meanings set forth below: Additional Title Objections: As defined in Section 25(b).


More Definitions of Additional Title Objections

Additional Title Objections means a title encumbrance and/or defect that appears for the first time on an updated Title Commitment, or an updated Survey, and was not created by or with the consent of VMRE, and is not acceptable to VMRE.
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Related to Additional Title Objections

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

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

  • sectional title unit means a unit defined in section 1 of the Sectional Titles Act;

  • sectional title scheme means a scheme defined in section 1 of the Sectional Titles Act;

  • Immaterial Title Deficiencies means minor defects or deficiencies in title which do not diminish more than 2% of the aggregate value of the Oil and Gas Properties evaluated in the Reserve Report used in the most recent determination of the Borrowing Base.