Title Provisions Sample Clauses

The "Title Provisions" clause defines how ownership of goods or property is transferred between parties under a contract. Typically, it specifies the exact point at which legal title passes from the seller to the buyer, which may occur upon delivery, payment, or at another agreed milestone. This clause is crucial for determining who bears the risk of loss or damage at various stages of the transaction, ensuring both parties have clarity on their rights and responsibilities regarding ownership.
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Title Provisions. During the Term of this Operating Agreement, the Corporation shall hold title to and ownership of each of the Project facilities and any and all additions thereto which comprise repairs, replacements, modifications, improvements and substitutions until such Project facility is transferred to the District. The District hereby agrees that any damage to the Project that would materially impact the operation of the Project that is occasioned by the removal of fixtures and improvements shall be promptly repaired. Notwithstanding anything to the contrary herein, it is understood that title to personal property permanently attached to the Project by the District or any other entity, instrumentality, authority or department of the District shall become a part of the Project.
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Title Provisions. The premises are to be sold and conveyed subject only to the following exceptions, which shall be deemed permitted exceptions provided they do not interfere with the proposed use and development of the proposed use of the and development of the Project: a) Municipal Zoning ordinances, law, and ordinances of the State of New Jersey, County of Monmouth, Borough of Keansburg, the rules and regulations of the respective agencies relating to buildings and construction used and all amendments and additions thereto now or hereafter in force and effect which relate to the premises, provided that the same are not violated; b) The rights, public and private, and of public utility corporations, if any in the streets and roads, if any adjoining the premises; and c) Such facts as an accurate survey would disclose; provided, however, that such survey shall not disclose any defects or impediments to title. d) Subsurface conditions affecting the premises. e) Title to the lands and premises to be conveyed hereunder shall be good and marketable and such as will be insurable with standard exceptions by a reputable title insurance company authorized to do business in the State of New Jersey. f) Buyer agrees to complete a title examination within twenty (20) days from the date of this Contract. In the event that the examination of title to be made by and at the cost and expense of the Buyer discloses any exception to title the Buyer shall serve a written notice as to the same upon the Seller, any such notice or notices to be mailed to the Seller within ten (10) days after the Buyer's counsel receives written notice in the form of a written report of title on any one or more occasions from the title insurance company designated by the Buyer, or any such exception or exceptions, and the Seller shall have forty-five (45) days thereafter to cause the removal of such exception, and Seller shall at its sole cost and expense diligently attempt to do so, provided, however, that in the event the cost exceeds $25,000.00, and the Buyer does not waive the exception or exceptions. Seller shall have the option to terminate this Contract without further liability. Notwithstanding the aforesaid, any voluntary liens or encumbrances, together with any and all judgments shall be paid by Seller at closing. Any exception not so reported shall be deemed waived. In the event that the Seller is unable to cause removal of any exception as to which they have such notice within the time period, the Buye...
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Title Provisions. During the Term of this Recreational Facilities Agreement, the Corporation shall hold title to and ownership of each of the Project facilities and any and all additions thereto which comprise repairs, replacements, modifications, improvements and substitutions until such Project facility is transferred to the District. Notwithstanding anything to the contrary herein, it is understood that title to personal property permanently attached to the Project by the District or any other entity, instrumentality, authority or department of the District shall become a part of the Project.
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Title Provisions. It is understood and agreed by the parties that the premises shall not be in conformity with the title provisions of this agreement unless: (a) All buildings, structures and improvements, including but not limited to, any driveways, garages, cesspools, dry ▇▇▇▇▇, and all means of access to the premises shall be located completely within the boundary lines of said premises and shall not encroach upon or under the property of any other person or entity unless by duly recorded easement; (b) No building, structure or improvement of any kind belonging to any other person or entity shall encroach upon or under said premises unless by duly recorded easement; (c) The premises shall abut a public way, duly laid out or accepted as such by the City or Town in which said premises are located; (d) Title to the premises is insurable, for the benefit of the Buyer, by a title insurance company, in a fee owner’s policy of title insurance at normal premium rates, in the American Land Title Association form currently in use, subject only to those printed exceptions to title normally included in the “jacket” to such form or policy. In the event an owner’s policy of title insurance can only be written with so-called affirmative coverage against a known title defect, then BUYER shall have the right (based on opinion and judgment of counsel) to deem such title unmarketable in which event all deposits shall be returned and this Agreement shall be terminated; (e) In the event there are Order of Conditions of record applicable and enforceable as to the premises, Sellers shall obtain and record at or prior to the closing such Certificate of Compliance as are necessary to release such Orders of Conditions.
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Title Provisions. Notwithstanding anything herein to the contrary, the Property will not conform with the title provisions of this agreement unless (a) all buildings, structures and improvements, and all means of access to the Property, are located completely within the boundary lines of the Property and do not encroach upon or under the property of any other person or entity without the benefit of a perpetual appurtenant easement, (b) no building, structure or improvement of any kind belonging to another person or entity encroaches upon or under the Property without the benefit of an appurtenant easement, and (c) the Property abuts or has indefeasible access to a public way, duly laid out or accepted as such by the municipality in which the Property is located.
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Title Provisions. 51 Section 26.01. - Quiet Enjoyment.................................................... 51 Section 26.02 - Landlord's Title.................................................... 51 Section 26.03. - Landlord's Title Documents......................................... 51 Section 26.04. - Title Objections................................................... 51
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Title Provisions 
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Related to Title Provisions

  • Release Provisions The provisions of Schedule B(1) are incorporated into and form part of this Agreement.

  • Cure Provisions If any default, other than a default in payment is curable and if Grantor has not been given a notice of a breach of the same provision of this Agreement within the preceding twelve (12) months, it may be cured (and no event of default will have occurred) if Grantor, after receiving written notice from Lender demanding cure of such default: (1) cures the default within fifteen (15) days; or (2) if the cure requires more than fifteen (15) days, immediately initiates steps which Lender deems in Lender's sole discretion to be sufficient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

  • Applicable Provisions Nothing in this Article is to be interpreted as a waiver of other provisions or procedures contained elsewhere in this agreement.

  • Leave Provisions The benefits which are expressly provided by this section, Article 10.0, are the sole benefits which are part of this collective Agreement, and it is agreed that other statutory or regulatory leave benefits are not incorporated, either directly or implicitly, into this Agreement, nor are such other benefits subject to the grievance procedure, Article 20. All leave provisions are subject to verification.

  • Mortgage Provisions The Mortgage Loan documents for each Mortgage Loan, together with applicable state law, contain provisions that render the rights and remedies of the holder thereof adequate for the practical realization against the Mortgaged Property of the principal benefits of the security intended to be provided thereby, including realization by judicial or, if applicable, non-judicial foreclosure subject to the limitations set forth in the Standard Qualifications.