Common use of Acceptable Title Clause in Contracts

Acceptable Title. Seller shall convey, or cause to be conveyed, and Purchaser shall accept, title to the Premises, as of the Closing Date, subject to the Permitted Exceptions. The term “Permitted Exceptions” shall mean, collectively, (i) the matters set forth in Exhibit I annexed hereto, (ii) Title Exceptions that Title Insurer shall be willing to omit as exceptions to coverage in any owner’s or mortgagee’s policy of title insurance obtained by or on behalf of Purchaser and (iii) any exceptions and matters that are approved, waived or deemed to have been approved or waived by Purchaser.

Appears in 1 contract

Sources: Sale Purchase Agreement (Wellsford Real Properties Inc)

Acceptable Title. Seller shall convey, or cause to be conveyed, and Purchaser shall accept, title to the Premises, as of the Closing Date, subject to the Permitted Exceptions. The term "Permitted Exceptions" shall mean, collectively, (i) the matters set forth in Exhibit I K annexed hereto, (ii) Title Exceptions that Title Insurer shall be willing to omit as exceptions to coverage in any owner’s 's or mortgagee’s 's policy of title insurance obtained by or on behalf of Purchaser and (iii) any exceptions and matters that are approved, waived or deemed to have been approved or waived by Purchaser.

Appears in 1 contract

Sources: Sale Purchase Agreement (Wellsford Real Properties Inc)

Acceptable Title. Seller shall convey, or cause to be conveyed, and Purchaser shall accept, title to the Premises, as of the Closing Date, subject to the Permitted Exceptions, and otherwise free of all tenancies and rights to possession and in broom clean condition. The term “Permitted Exceptions” "PERMITTED EXCEPTIONS" shall mean, collectively, (i) the matters set forth in Exhibit I K annexed hereto, (ii) Title Exceptions that Title Insurer shall be willing to omit as exceptions to coverage in any owner’s 's or mortgagee’s 's policy of title insurance obtained by or on behalf of Purchaser and (iii) any exceptions and matters that are approved, waived or deemed to have been approved or waived by Purchaser.

Appears in 1 contract

Sources: Sale Purchase Agreement (Wellsford Real Properties Inc)

Acceptable Title. Seller shall convey, or cause to be conveyed, and Purchaser shall accept, title to the Premises, as of the Closing Date, subject to the Permitted Exceptions. The term “Permitted Exceptions” "PERMITTED EXCEPTIONS" shall mean, collectively, (i) the matters set forth in Exhibit I K annexed hereto, (ii) Title Exceptions that Title Insurer shall be willing to omit as exceptions to coverage in any owner’s 's or mortgagee’s 's policy of title insurance obtained by or on behalf of Purchaser and (iii) any exceptions and matters that are approved, waived or deemed to have been approved or waived by Purchaser.

Appears in 1 contract

Sources: Sale Purchase Agreement (Wellsford Real Properties Inc)