Permitted Exceptions definition

Permitted Exceptions means:

Permitted Exceptions has the meaning ascribed to such term in Section 6.2(a).

Permitted Exceptions means, collectively, (a) liens for taxes, assessments and governmental charges not yet due and payable or due and payable but not yet delinquent; (b) the Leases; (c) the exceptions to title set forth in the Existing Title Policy; (d) all matters shown on the Existing Survey, and (e) such other nonmonetary encumbrances with respect to the Property as may be shown on the Update which are not objected to by the Purchaser (or which are objected to, and subsequently waived, by the Purchaser) in accordance with Section 3.1.

Permitted Exceptions is defined in Section 5.2.

Permitted Exceptions shall have the meaning ascribed to it in Section 8.2.

Permitted Exceptions means, with respect to the Real Property Rights, the following:

Permitted Exceptions has the meaning set forth in Section 2.3.

Permitted Exceptions as to each of the Real Properties shall mean: (a) general real estate taxes, association assessments, special district taxes and related charges not yet due and payable (which shall be prorated as hereinafter specified); (b) matters caused by the actions of Purchaser; (c) the Leases; and (d) those matters affecting title to the Real Properties which are not established as "Unpermitted Exceptions" (as hereinafter defined) by Purchaser pursuant to Paragraph 5.2 herein. The Title Commitments shall be conclusive evidence of good title as therein shown as to all matters to be insured by the title policy for the respective Real Property, subject only to the exceptions therein stated. On the Closing Date, Title Insurer shall deliver to Purchaser a standard title policy for the Real Properties in amounts equal to the Schedule Price of each Real Property in conformance with the Title Commitments, subject to Permitted Exceptions and Unpermitted Exceptions waived by Purchaser (the "Title Policy"). If available in the applicable jurisdiction, Purchaser shall receive from the Title Insurer the following endorsements to each Title Policy: (i) extended coverage; (ii) ALTA restrictions endorsement No. 1; (iii) ALTA zoning endorsement No. 3, which shall include a certification of the number of legal parking spaces and the fact that the Property may be used in its present zoning as a self-storage (mini-warehouse); (iv) an access endorsement; and (v) a contiguity endorsement (if applicable). Notwithstanding the foregoing sentence, to the extent any of the foregoing endorsements are available in the applicable jurisdiction and Title Insurer is not able to issue such an endorsement as a result of the condition of title or zoning, the failure of the Title Insurer to issue such an endorsement shall not be the default of Seller or a failure of a condition to Closing, but should instead be treated in accordance with the terms of Paragraph 5 herein. Purchaser shall pay for costs of the Title Commitments and Title Policies and for the cost of any endorsements to, or extended coverage on, the Title Policies.

Permitted Exceptions means (i) Liens for current real estate taxes or assessments which are not yet due and payable, or are due and payable but not yet delinquent, or that are being contested in good faith by appropriate proceedings, (ii) any exceptions to title approved or waived by the Buyer in accordance with this Agreement, (iii) customary utility easements which (A) do not encroach any buildings or other improvements located at the applicable Property, (B) are within and do not violate any setback requirements or restrictions or Applicable Laws, and (C) do not materially and adversely impact the current use or value of the applicable Property, (iv) the rights of Tenants, as tenants only, pursuant to Leases, (v) any matters created or caused by the Buyer, and (vi) Liens arising out of, under or permitted in connection with this Agreement or the Closing Documents.