Permitted Exceptions definition

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

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

Permitted Exceptions shall have the meaning set forth in Section 5.1.

Examples of Permitted Exceptions in a sentence

• Per Section 10 Further Conditions, Seller shall deliver to Buyer full and complete possession of the Property, subject to the Permitted Exceptions.

• At the Closing, contemporaneously with the payment by Xxxxx of the Purchase Price, Seller shall deliver to Buyer (a) the Deed to the Property subject to the Permitted Exceptions, (b) a vendor’s affidavit acceptable to the Title Company to allow it to delete the standard exceptions for non-survey matters from its title policy; (c) a certification of non-foreign status with respect to Seller as required by Section 1445 of the Internal Revenue Code; (d) a disclosure of Sales Information Form required by Ind.

• The date upon which the Closing actually occurs shall be referred to herein as the “Closing Date.” Seller shall give sole and exclusive possession of the Property to Purchaser at Closing, subject only to the Permitted Exceptions.

• None of these exceptions shall be considered Permitted Exceptions if they are violated by existing improvements or the present use of the Property.

• When financing statements specified on Schedule 6.7 in appropriate form are filed in the offices specified on Schedule 6.7, the Security Documents shall constitute a fully perfected lien on, and security interest in, all right, title and interest of Borrower in such Collateral owned by Borrower and the proceeds thereof, as security for the Credit Obligations, in each case prior and superior in right to any other Person, other than Permitted Exceptions.

More Definitions of Permitted Exceptions

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 means:

Permitted Exceptions means the following:

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 as used in this Agreement, shall mean (i) the title exceptions listed in Schedule B of the Title Commitment, (ii) any general exceptions and exclusions contained in the standard owner’s policy of the Title Company that are not deleted pursuant to the Owner’s Affidavit, (iii) all title matters of record as of the Closing Date, and (iv) all taxes not yet due and payable.

Permitted Exceptions has the meaning set forth in Section 2.3.