Changes in Title Clause Samples
The "Changes in Title" clause defines how and when the ownership of goods or property transfers from one party to another during a transaction. Typically, this clause specifies the exact point—such as upon delivery, shipment, or payment—when the buyer becomes the legal owner of the items in question. For example, it may state that title passes to the buyer once the goods are loaded onto a carrier or after full payment is received. The core function of this clause is to clearly allocate risk and responsibility for the goods, ensuring both parties understand when ownership, and thus liability, shifts from seller to buyer.
Changes in Title. When changes in title occur, the parties agree to consult together regarding any additions, deletions and/or corrections of titles of those certificated positions that are excluded or should be excluded from the bargaining unit. The parties further agree to make joint recommendations to PERB when they reach mutual agreement on unit changes. When parties cannot agree, unit changes will be submitted to PERB for resolution.
Changes in Title. Buyer shall have the right to object to any change in title occurring after the effective date of the applicable Title Commitment and prior to the Closing, and if Seller elects to cure such objection and Seller cannot cure or satisfy any such objection (or any objection which Seller has previously undertaken to cure or satisfy) by the Closing or if Seller does not agree to cure such objection, Buyer may exercise the option set forth in clause 5.2(b)(i)(1) or 5.2(b)(i)(2) above. The foregoing election is intended to be in addition to ▇▇▇▇▇’s remedies for ▇▇▇▇▇▇’s default hereunder.
Changes in Title. A change in job title within the bargaining unit shall not alter an employee’s accrued bargaining unit seniority for purposes of accrual of benefits.
Changes in Title. Buyer shall have the right to object to any new title exception or defect disclosed in any update to the Title Commitment after the Inspection Date, unless such exception or defect was caused by Buyer or Buyer’s agents, employees, representatives, consultants or independent contractors, and if (i) Seller elects to cure such objection and Seller cannot cure or satisfy any such objection (or any objection which Seller has previously undertaken to cure or satisfy) before the Closing Date, or (ii) Seller does not notify Buyer that it will cure such objection within 10 days after receipt of notice thereof, Buyer may exercise the option set forth in clause 5.2(b)(i)(1) or 5.2(b)(i)(2) above.
Changes in Title. Following the expiration of the Inspection Period, Buyer shall have the right to object in writing to any title matters first occurring after the effective date of the applicable Title Commitment and prior to the Closing, which are not Permitted Title Exceptions and which materially adversely affect the Seller’s title to the Real Property (“Supplemental Title Objections”) so long as such objection is made by Buyer within three (3) Business Days after Buyer has actual knowledge of the same (but, in any event, on or prior to the Closing Date) and by describing an acceptable cure of such objection. To the extent that any Supplemental Title Objections do not constitute Mandatory Cure Items, Seller may elect in its sole discretion (but shall not be obligated) to attempt to remove or cause to be removed any such Supplemental Title Objections and Seller shall notify Buyer in writing within two (2) Business Days after receipt of Buyer’s notice of Supplemental Title Objections (but, in any event, prior to the Closing Date) whether Seller elects to attempt to remove the same (and if Seller so elects to attempt to remove the same, then the Closing Date shall be extended for a period of up to thirty (30) days to provide Seller with time to attempt such removal, and removal of such Supplemental Title Objection shall be a condition precedent to Buyer’s obligation to purchase the affected Property(ies) hereunder). Failure of Seller to respond in writing to Buyer within such period shall be deemed an election by Seller not to remove such Supplemental Title Objections. If Seller elects, or is deemed to have elected, not to remove one or more Supplemental Title Objections, then, within two (2) Business Days after Seller’s election or deemed election, Buyer may elect in writing to either (i) terminate this Agreement, solely with respect to the applicable Property for which Seller elects, or is deemed to have elected not to remove such Supplemental Title Objections, in which event the applicable portion of the Deposit allocated to the applicable Property shall be paid to Buyer, and, thereafter, the parties shall have no further rights or obligations hereunder with respect to such terminated Property except for obligations which expressly survive the termination of this Agreement, or (ii) waive such Supplemental Title Objections and proceed to Closing. Failure of Buyer to make the election set forth in the preceding sentence within the required time period shall be deemed an e...
Changes in Title. Title to the Affordable Unit may change due to changes in circumstance, including death, marriage and dissolution of marriage. If the owners are joint tenants with right of survivorship, upon the death of one of the owners, title to the property may transfer to the surviving owner without respect to the income- eligibility of the household. If the owners are tenants-in-common, upon the death of a sole owner, all owners or one of the owners, inheritance of the Affordable Unit by a non-income-eligible child, stepchild or other party is not allowed. The Affordable Unit should be sold as soon as feasible; however, there will be a one year compassion period between the death and the time when the Affordable Unit must be sold to an income-eligible household. Except as otherwise provided by this section, if a change in title is occasioned by events, such as a marriage or dissolution of a marriage and subsequent remarriage, that change the financial situation of the household so that it is above moderate income, then the property must be sold to an income-eligible household within one year.
Changes in Title. Generally, employees shall be hired as a Public Safety Telecommunicator Trainee and shall progress under a promotional process through the Civil Service Commission with the goal to achieve the title of Public Safety Telecommunicator-Senior.