Required Exceptions definition

Required Exceptions means, collectively, the following:
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Required Exceptions has the meaning ascribed to such term in Section 6.3(b).
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Required Exceptions means, collectively, any Title Objections to the extent (and only to the extent) that the same (a) have not been caused by Buyer or any Buyer's Representatives, and (b) are either:
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Examples of Required Exceptions in a sentence

  • Seller may use any portion of the Purchase Price to satisfy any Required Exceptions that exist as of the Closing Date, provided Seller shall cause the Title Company to Remove the same.

  • Purchaser may provide to Seller a Title Objection Letter that identifies Firm Date Title Objections and NDA- Required Exceptions.

  • Seller shall pay the following costs and expenses associated with the Transaction: (i) the so-called “Grantor’s tax” applicable to the transfer of the Property, (ii) any bulk sales tax or personal property tax applicable to the transfer of the Property (iii) the commission due Seller’s Broker, (iv) all fees due its attorneys, and (v) all costs incurred in connection with causing the Title Company to Remove any Required Exceptions.

  • Seller shall pay the following costs and expenses associated with the Transaction: (i) all premiums for the Title Commitment, Owner’s Title Policy (but no endorsements), (ii) the cost of the Survey, (iii) the commission due Seller’s Broker, (iv) all fees due its attorneys, (v) 1/2 of all escrow or closing charges, (vi) all transfer taxes, and (vii) all costs incurred in connection with causing the Title Company to Remove any Required Exceptions.

  • If Seller is unable to Remove any Required Exceptions prior to the Closing, Buyer may at Closing elect to either (a) terminate this Agreement, in which event the Deposit shall be paid to Buyer and, thereafter, the parties shall have no further rights or obligations hereunder except for obligations which expressly survive the termination of this Agreement, or (b) accept such exceptions to title and the Closing shall occur as herein provided without any reduction of or credit against the Purchase Price.

  • Notwithstanding anything to the contrary contained herein, Sellers shall be obligated to remove the Required Exceptions.

  • Seller shall be entitled to a reasonable adjournment of the Closing (not to exceed ninety (90) days) for the purpose of the removal of any Required Exceptions or other Title Objections, which removal will be deemed effected, but only if specifically agreed to in writing by Buyer, by the issuance of title insurance eliminating or insuring against the effect of the Title Objections as provided in Section 4.2.2.

  • If on the Closing Date there are any Required Exceptions or any other Title Objections which Seller has elected to pay and discharge, Seller may use any portion of the Purchase Price to satisfy the same, provided Seller shall cause the Title Company to Remove the same.

  • All intellectual property developed, originated, or prepared by ARRIS in connection with providing the Software, CAP-1000, License Keys, Documentation or related services, remains vested exclusively in ARRIS, and Licensee will not have any shared development or other intellectual property rights.

  • Upon notice to Buyer at least ten (10) days prior to the scheduled Closing, Seller shall be entitled to a reasonable adjournment of the Closing (not to exceed thirty (30) days) for the purpose of the removal of any Required Exceptions or other Title Objections (other than monetary liens), which removal may be effected by the issuance of title insurance eliminating or insuring against the effect of the Title Objections as provided in Section 4.2.2.

Related to Required Exceptions

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

  • 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.

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

  • 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.

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