Disapproved Title Exceptions definition

Disapproved Title Exceptions shall have the meaning given to such term in Section 4.1(b) hereof.
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Disapproved Title Exceptions is defined in Section 2.4.1.
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Disapproved Title Exceptions will have the meaning set forth in Section 5.2C of the Real Property Agreement
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Examples of Disapproved Title Exceptions in a sentence

  • Buyer shall have the continuing right to update the Title Report and the Survey from time to time and to give Seller notice of any additional Disapproved Title Exceptions first arising after the date of the Title Report or the Survey, as the case may be.

  • Buyer acknowledges that Buyer has approved the exceptions to title shown in that certain preliminary title report or owner's title commitment for the Property issued by the Title Company (the "Title Report") and matters shown on the Survey (if any) other than those exceptions or matters identified on EXHIBIT D attached hereto ("Disapproved Title Exceptions"), which Disapproved Title Exceptions Seller shall remove (or cause to be removed) as exceptions to title prior to the Closing.

  • Following the timely receipt of a Disapproved Title Exceptions Notice from Buyer, if Seller fails to timely deliver a Cure Notice to Buyer, then Seller shall be deemed to have elected not to cure any of the Disapproved Title Exceptions.

  • In the event Buyer timely delivers to Seller a New Title Exceptions Approval Notice, those New Title Exceptions approved by Buyer pursuant to the New Title Exceptions Approval Notice shall be deemed to constitute Permitted Title Exceptions and the remaining New Title Exceptions shall continue to constitute Disapproved Title Exceptions.

  • Following the timely receipt of a Disapproved Title Exceptions Notice from Buyer, if Seller elects to cure one or more of the Disapproved Title Exceptions, then Seller shall have until the last Business Day immediately preceding the Closing Date to cure the applicable Disapproved Title Exceptions.

  • Seller shall cause all New Title Exceptions which are not approved by Buyer pursuant to a New Title Exceptions Approval Notice (and which are therefore deemed to constitute Disapproved Title Exceptions) to be cured on or before the last Business Day immediately preceding the Closing Date.

  • On or before the Cure Deadline, Seller shall either: (i) cause all New Title Exceptions which are not approved by Buyer pursuant to a New Title Exceptions Approval Notice (and which are therefore deemed to constitute Disapproved Title Exceptions) to be cured and deliver written notice to Buyer of such cure; or (ii) deliver written notice to Buyer of Seller’s failure to cure one or more of such Disapproved Title Exceptions.

  • Following the timely receipt of a Disapproved Title Exceptions Notice from Buyer, if Seller elects to cure one or more of the Disapproved Title Exceptions, then Seller shall have until the Cure Deadline to either: (y) cure all of the applicable Disapproved Title Exceptions that Seller has elected to cure and deliver written notice to Buyer of such cure; or (z) deliver written notice to Buyer of Seller’s failure to cure one or more of the Disapproved Title Exceptions that Seller has elected to cure.

  • In the event Buyer timely delivers to Seller a Disapproved Title Exceptions Notice, Seller shall have the right, but not the obligation, to agree to cure one or more of the Disapproved Title Exceptions by giving Buyer written notice (“Cure Notice”) of such election not later than 5:00 p.m. PST on the date that is five (5) Calendar Days following Seller’s receipt of Buyer’s Disapproved Title Exceptions Notice.

  • If, prior to Closing, any of the Disapproved Title Exceptions are not cured by Colonial to the reasonable satisfaction of Buyer, then Buyer may either (i) terminate this Agreement, the Asset Agreement, the Option Agreement and the Master Agreement, (ii) accept title subject to the Disapproved Title Exceptions or (iii) exclude the Purchased Real Property subject to the Disapproved Title Exceptions, in which case the Purchase Price will be adjusted accordingly.


More Definitions of Disapproved Title Exceptions

Disapproved Title Exceptions means any title exceptions that the Sellers has agreed to remove, cause to be removed or cause to be “insured over.”
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Disapproved Title Exceptions will mean the exceptions to title set forth on SCHEDULE 4.2C of the Real Property Agreement.
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Disapproved Title Exceptions shall have the meaning ascribed in Section 2.3.3.a hereof.
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Disapproved Title Exceptions means any title exceptions that the City has agreed to remove, cause to be removed, or cause to be “insured over.”
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Related to Disapproved Title Exceptions

  • Permitted Title Exceptions means those exceptions to title to the Real Property that are satisfactory or deemed satisfactory to Purchaser as determined pursuant to Section 2.4(e) hereof.

  • Permitted Exceptions shall have the meaning set forth in Section 4.3.

  • 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.

  • Permitted Exception means (a) liens for Taxes and other governmental charges and assessments which are not yet due and payable, (b) liens of landlords and liens of carriers, warehousemen, mechanics and materialmen and other like liens arising in the ordinary course of business for sums not yet due and payable, (c) other liens or imperfections on property which are not material in amount or do not materially detract from the value or the existing use of the property affected by such lien or imperfection, (d) such statements of fact and exceptions shown on any title insurance policies delivered to Global.