Corrective Deed definition

Corrective Deed. A deed for no or nominal consideration that corrects or confirms a previously recorded deed but does not extend or limit the title or interest under the prior deed is exempt from tax. Attach a complete copy of the prior deed being corrected or confirmed.
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Examples of Corrective Deed in a sentence

  • Seller must (i) cause the Corrective Deed in the form approved by Buyer to be fully executed and properly recorded, (ii) cause the 1.43 acre tract identified in the Corrective Deed to be lawfully subdivided in accordance with all Applicable Laws, and (iii) cause the Water Well and Water Line Easement in the form approved by Buyer to be fully executed and recorded so that the same is superior to all liens and encumbrances.

  • Buyer shall have received the Main Stage Corrective Deed Title Commitments.

  • If the Buyer fails to object to any Title Failures set forth in a Second Stage Corrective Deed Title Commitment (other than Monetary Liens) within such ten (10) Business Day period, the Second Stage Corrective Deed Title Commitment shall be deemed approved by Buyer and all such matters set forth therein shall be deemed Permitted Liens.

  • The Sellers hereby covenant with the Purchaser that, between the Effective Date and the Closing Date, the Sellers shall use commercially reasonable efforts to obtain the Corrective Deed and the Castle Key Release and deliver them to the Title Company or the Purchaser, as applicable.

  • This Modification Agreement is for the purpose of modifying the Additional Provisions of the ▇▇▇▇▇▇ Ridge Parcel Deed and the ▇▇▇▇▇▇ Ridge Parcel Corrective Deed.

  • Seller shall be responsible for all costs and expenses, including any inducement consideration or commissions, incurred in connection with the Corrective Deed or the ▇▇▇▇▇▇ Lease Amendments.

  • All that part of ▇▇▇▇ ▇, ▇, ▇, ▇▇▇ ▇, ▇▇▇▇▇ 16, of the Original Town of Hastings, Dakota County, Minnesota, as described in Corrective Deed No. 36, also known as all of Market Square, according to the original recorded plat thereof.

  • The Sellers shall have ten (10) Business Days after receipt of the Buyer’s objections to give the Buyer: (i) notice that the Sellers will cause such objectionable Second Stage Corrective Deed Title Failures to be removed or cured on or before the Closing Date; or (ii) notice that the Sellers elect not to cause such Second Stage Corrective Deed Title Failure to be removed or cured.

  • Buyer’s receipt of the Corrective Deed and the ▇▇▇▇▇▇ Lease Amendments shall be additional conditions precedent to Buyer’s obligation to pay the Purchase Price and accept title to the Property under Section 13 of the Agreement.

  • In satisfaction of the requirements in Section H of the ▇▇▇▇▇▇ Parcel Deed and the ▇▇▇▇▇▇ Ridge Parcel Corrective Deed, AR and ADLC state that they have provided written notice to and obtained the approval of EPA and the State of Montana for the modification to the Restrictive Covenants set forth in this Modification Agreement, as evidenced by the Consent to Modification of Restrictive Covenants attached hereto as Attachment 2.

Related to Corrective Deed

  • Corrective action means action taken to eliminate the cause of a potential or real non- conformity or other undesirable situation;

  • Corrective Maintenance means the maintenance which is required when an item has failed or worn out, to bring it back to working order, which may also include those services necessary to partially restore, renew or strengthen an existing Department facility or system, following damage caused by use or normal wear and tear.

  • Corrective Action Plan has the meaning set forth in Section II.A.2.

  • Corrective Measure means a measure as defined in Article 3, point 16, of Regulation (EU) 2019/1020;

  • Remediation means any response, remedial, removal, or corrective action, any activity to cleanup, detoxify, decontaminate, contain or otherwise remediate any Hazardous Materials, Regulated Substances or USTs, any actions to prevent, cure or mitigate any Release, any action to comply with any Environmental Laws or with any permits issued pursuant thereto, any inspection, investigation, study, monitoring, assessment, audit, sampling and testing, laboratory or other analysis, or any evaluation relating to any Hazardous Materials, Regulated Substances or USTs.