Inspection of Title Sample Clauses

Inspection of Title. The Certificate of Title in respect of the Property or the parent Certificate of Title of which the Property forms part may be inspected by search at Landgate and you shall not require us to produce an abstract of title or any other evidence of our title or right to sell the Property.
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Inspection of Title. With respect to any Tower Site: (i) any exceptions to title appearing on a title commitment for a Tower Site or any matters on a survey for a Tower Site which are not Permitted Liens, or (ii) any Lien that encumbers Sellers’ interest in the Tower Structure or Tower Site, other than Permitted Liens;
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Inspection of Title. Within Seven (7) business days after the Effective Date, Seller shall furnish to Purchaser, at Seller's expense, a title insurance commitment ("Title Commitment'') for an owner's title insurance policy for the Unit ("Owner's Title Policy") issued by Insurance Data Management, Inc. The Title Commitment shall be in an amount equal to the Purchase Price and shall evidence that Seller is vested with fee simple title to the Unit, free and clear of all liens, charges, encumbrances, exceptions, or qualifications whatsoever save and except for the Permitted Exceptions. Purchaser shall have Twenty- one (21) days after receipt of the Title Commitment time being of the essence to notify Seller in writing of any objections to title matters other than the Permitted Exceptions or Purchaser shall be deemed to have approved such matters. If Purchaser timely notifies Seller in writing of any objections to title matters other than Permitted Exceptions and Seller is unable or unwilling to satisfy or remove any such matters prior to Closing, Seller shall notify Purchaser prior to Closing. Purchaser shall have Five days after receipt of such notice to notify Seller in writing of Purchaser's election either (i) to waive such objection and proceed with Closing, or (ii) to terminate this Agreement, in which event Seller shall refund or cause Winter Xxxxxxxxx to refund to Purchaser the Deposit and any other monies paid by Purchaser all without interest, costs, or compensation to Purchaser, Purchaser shall accept the same in full satisfaction of all claims arising under or related to this Agreement, and all rights and obligations of the parties under this Agreement that do not expressly survive the termination of this Agreement shall terminate and be null and void. If Purchaser fails to notify Seller of Purchaser's election within such Five (5) day period, Purchaser shall be deemed to have waived any objections to title and shall proceed with Closing.
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Inspection of Title. EISA and University shall each have a reasonable time in which to examine a preliminary title report and/or abstract of title regarding the parcels prior to the respective closings. The exchange of parcels contemplated herein shall be subject to EISA's approval, in EISA's sole and absolute discretion, of the preliminary title report for the University Parcel as well as University's approval, in University's sole and absolute discretion, of the preliminary title reports for the EISA Parcels. Should either EISA or University object to any condition of title relative to the parcel(s) of the other, EISA and/or University, as the case may be, shall specify such objections in writing to the other party. Thereafter, the notified party may elect, at its sole option and choice, to cure or not to cure the specified defect(s). If the notified party elects not to cure and satisfy the written objections of the objecting party, and upon giving notice to the objecting party of that election not to cure, the objecting party's options shall be limited to: (a) waiving the title objections and proceeding to close or (b) terminating this Agreement. If the objecting party elects to terminate this Agreement for this specific reason, such party shall be entitled to a return of any earnest money deposited.
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Inspection of Title. Buyer acknowledges receipt of the Title Reports and the Surveys. By its execution and delivery of this Agreement, Buyer has approved all exceptions to title shown on the Title Report and all matters shown on the Survey, all of which shall be Permitted Exceptions (other than Liens that are excluded from the definition of Permitted Exceptions). At Buyer’s cost and expense, Buyer may, but shall not be obligated to, obtain Updated Title Reports and Surveys prior to any Closing. Buyer shall deliver to Seller, within two (2) business days after first becoming aware of a New Matter (hereinafter defined) but in no event later than one (1) business day prior to Closing, a notice (“Disapproval Notice”) disapproving of any one or more New Matters which Buyer finds objectionable (collectively, “Disapproved Items”) and specifying in reasonable detail the requested cure steps. Any New Matter reflected in an Updated Title and Survey that is not identified as a Disapproved Item in a Disapproval Notice timely delivered shall be deemed to have been waived by Buyer, and such New Matter will be a Permitted
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Inspection of Title. The Certificate of Title in respect of each Housing Asset may be inspected by search at Landgate and the Trustee is not entitled to require the Authority to produce an abstract of title or any other evidence of the Authority’s title or right to transfer or sell any of the Housing Assets.
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Related to Inspection of Title

  • Condition of Title 5.1 If, prior to Closing (as hereinafter defined), a date-down to the Title Commitment discloses any new Unpermitted Exceptions which, in the aggregate, do not exceed $25,000 (each, a "Minor Unpermitted Exception"), Seller shall, at Seller's expense, bond over, cure and/or have such Minor Unpermitted Exceptions removed from the Title Commitment or have the Title Insurer commit to insure against loss or damage that may be occasioned by such Minor Unpermitted Exceptions. Notwithstanding the foregoing, if such date down to the Title Commitment discloses any new Unpermitted Exceptions which, in the aggregate, equal or exceed $25,000, Seller shall have the right, but not the obligation, to bond over, cure and/or have such exceptions removed from the Title Commitment or to have the Title Insurer commit to insure against loss or damage that may be occasioned by such Unpermitted Exceptions. If Seller fails to bond over, cure or have any Unpermitted Exception removed or have the Title Insurer commit to insure as specified above within five (5) business days from the date of the date down to the Title Commitment, Purchaser may terminate this Agreement upon written notice to Seller within three (3) days after the expiration of such five (5) business day period; provided, however, and notwithstanding anything contained herein to the contrary, if the Unpermitted Exception which gives rise to Purchaser's right to terminate was recorded against the Property as a result of the affirmative action of Seller (and not by any unrelated third party) or if Seller is able to bond over, cure or remove a Minor Unpermitted Exception for a cost not to exceed $25,000 or the Title Insurer is willing to insure over a Minor Unpermitted Exception for a cost not to exceed $25,000 in accordance with the terms hereof and Seller fails to expend such funds in either case, then Purchaser shall have the additional rights contained in Paragraph 14 herein. Absent notice from Purchaser to Seller in accordance with the preceding sentence, Purchaser shall be deemed to have elected to take title subject to said Unpermitted Exception, without any reduction in or setoff against the Purchase Price as a result thereof. If Purchaser terminates this Agreement in accordance with the terms of this Paragraph 5.1, this Agreement shall terminate without further action of the parties and all Earnest Money theretofore deposixxx xxxo the escrow by Purchaser, together with any interest accrued thereon, shall be returned to Purchaser, and neither party shall have any further liability to the other, except for those covenants and obligations that specifically survive termination of this Agreement.

  • Retention of Title Supplied Goods shall remain Seller’s property until fulfillment by Customer of its payment obligations as described above. As such:

  • Protection of Title (a) The Seller shall authorize and file such financing statements and cause to be authorized and filed such continuation and other financing statements, all in such manner and in such places as may be required by law fully to preserve, maintain and protect the interest of the Issuer and the Indenture Trustee under this Agreement in the Purchased Assets (to the extent that the interest of the Issuer or the Indenture Trustee therein can be perfected by the filing of a financing statement). The Seller shall deliver (or cause to be delivered) to the Issuer file-stamped copies of, or filing receipts for, any document filed as provided above, as soon as available following such filing.

  • Quality of Title Each Loan, together with the Related Security related thereto, shall, at all times, be owned by the Borrower free and clear of any Lien except as provided in Section 4.2(a)(iii), and upon each Funding, the Collateral Agent as agent for the Secured Parties shall acquire a valid and perfected first priority security interest in such Loans, the Related Security related thereto and all Collections then existing or thereafter arising, free and clear of any Lien, except as provided in Section 4.2(a)(iii). No effective financing statement or other instrument similar in effect covering any Loan or Dealer Agreement shall at any time be on file in any recording office except such as may be filed (i) in favor of the Borrower in accordance with the Contribution Agreement or (ii) in favor of the Collateral Agent in accordance with this Agreement.

  • Evidence of Title Evidence that title to a REO is held by the Trustee shall be submitted by the Servicer to the Master Servicer and, if applicable, to the Primary Mortgage Insurer and/or the Pool Insurer, within ten Business Days after marketable title to such REO has been acquired.

  • Acceptance of title The Security Agent shall be entitled to accept without enquiry, and shall not be obliged to investigate, any right and title that any Transaction Obligor may have to any of the Security Assets and shall not be liable for or bound to require any Transaction Obligor to remedy any defect in its right or title.

  • Protection of Title of Purchaser (a) At or prior to the Closing Date, Seller shall have filed or caused to be filed a UCC-1 financing statement, naming Seller as seller or debtor, naming Purchaser as purchaser or secured party and describing the Receivables and the Other Conveyed Property being sold by it to Purchaser as collateral, with the office of the Secretary of State of the State of Delaware and in such other locations as Purchaser shall have required. From time to time thereafter, Seller shall execute and file such financing statements and cause to be executed and filed such continuation statements, all in such manner and in such places as may be required by law fully to preserve, maintain and protect the interest of Purchaser under this Agreement, of the Issuer under the Sale and Servicing Agreement and of the Trust Collateral Agent under the Indenture in the Receivables and the Other Conveyed Property and in the proceeds thereof. Seller shall deliver (or cause to be delivered) to Purchaser and the Trust Collateral Agent file-stamped copies of, or filing receipts for, any document filed as provided above, as soon as available following such filing. In the event that Seller fails to perform its obligations under this subsection, Purchaser, Issuer or the Trust Collateral Agent may do so, at the expense of the Seller. In furtherance of the foregoing, the Seller hereby authorizes the Purchaser, the Issuer or the Trust Collateral Agent to file a record or records (as defined in the applicable UCC), including, without limitation, financing statements, in all jurisdictions and with all filing offices as each may determine, in its sole discretion, are necessary or advisable to perfect the security interest granted to the Purchaser pursuant to Section 6.9 of this Agreement. Such financing statements may describe the collateral in the same manner as described herein or may contain an indication or description of collateral that describes such property in any other manner as such party may determine, in its sole discretion, is necessary, advisable or prudent to ensure the perfection of the security interest in the collateral granted to the Purchaser herein.

  • Defense of Title to Collateral Each Borrower shall at all times defend its title to Collateral and Agent’s Liens therein against all Persons, claims and demands whatsoever, except Permitted Liens.

  • Status of Title Within ten (10) business days after Opening of Escrow, or as soon thereafter as possible, Title Company shall provide Buyer and Seller with a current commitment for title insurance (the "Title Commitment") for the Property, disclosing all matters of record and other matters of which Title Company has knowledge which relate to the title to the Property, and a legible copy of each of the instruments and documents referred to in the Title Commitment. The Title Commitment shall include Title Company’s requirements for Closing and issuing its title policy. Seller shall satisfy those requirements of Seller requiring a release of consensual monetary encumbrances on or before the Closing. Buyer shall have ten (10) business days after receipt of the Title Commitment and copies of all instruments and documents referred to in the Title Commitment, or five (5) business days after the receipt of any amendment thereto and copies of all instruments and documents referred to therein, to object in writing to Seller to any matter shown thereon. If Buyer fails to object within said period, the condition of title to the Property shall be deemed approved. If Buyer timely objects to any matter disclosed by the Title Commitment or any amendment thereto, the Seller may, but is not obligated, to use reasonable efforts to cure such objection(s) (although in no event shall the Seller be required to expend funds) within fifteen (15) business days thereafter. If, within such fifteen (15) business day period, the Seller is unsuccessful or responds that it is unwilling to cure Buyer’s objection(s), Buyer shall have five (5) business days following notice from the Seller of its inability or unwillingness to cure in which Buyer shall elect by delivering written notice to the Seller and Title Company either to (a) waive its objection(s); or (b) terminate this Agreement. If Buyer elects to terminate this Agreement, Title Company shall deliver the Xxxxxxx Money to Buyer, less Fair Consideration (defined in Section 6.02(b)) without further notice to or from the Seller and neither party shall thereafter have any further rights or obligations hereunder except for those rights and obligations that survive the termination of this Agreement or the Close of Escrow as provided in this Agreement. Failure by Xxxxx to make a timely election shall constitute an election to terminate this Agreement. Failure by the Seller to give any notice shall constitute the Seller’s election not to cure. Notwithstanding anything else stated herein, in all events, regardless of whether Xxxxx has given notice of objection as stated above, the Seller shall be obligated to satisfy and otherwise remove all monetary and financial liens and encumbrances in existence at the time of execution of this Agreement or incurred by the Seller on or before Closing hereunder (other than current taxes not yet due). Any title exceptions which have not been objected to or waived by Buyer shall be called “Permitted Title Exceptions.”

  • Defense of Title Warrant and defend title to and ownership of the Pledged Collateral of such Pledgor at its own expense against the claims and demands of all other parties claiming an interest therein, keep the Pledged Collateral free from all Liens, except for Permitted Liens, and not sell, exchange, transfer, assign, lease or otherwise dispose of Pledged Collateral of such Pledgor or any interest therein, except as permitted under the Credit Agreement and the other Credit Documents.

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