DEFECT IN TITLE) definition

DEFECT IN TITLE). The Security Trustee is not bound or concerned to examine or enquire into nor be liable for any defect or failure in the title of the Issuer Trustee to the Charged Property and is entitled to accept any such title without requisition or objection.
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DEFECT IN TITLE) has the meaning set forth in Section 5.17.
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Examples of DEFECT IN TITLE) in a sentence

  • THE ACCEPTANCE BY THE CHARTERER OF THE VESSEL UNDER THIS CHARTER SHALL CONSTITUTE CONCLUSIVE PROOF, AS BETWEEN THE OWNER AND THE CHARTERER, THAT THE VESSEL IS SEAWORTHY, AND OTHERWISE IN THE CONDITION REQUIRED BY THIS CHARTER, IN GOOD WORKING ORDER AND REPAIR AND WITHOUT DEFECT OR INHERENT DEFECT IN TITLE, SEAWORTHINESS, CONDITION, DESIGN, OPERATION OR FITNESS FOR USE, WHETHER OR NOT DISCOVERABLE BY THE CHARTERER AS OF THE DATE OF SUCH TENDER, AND GENERALLY IN ALL RESPECTS SATISFACTORY TO THE CHARTERER.

  • NOTWTHSTANDING ANYTHING TO THE CONTRARY IN THIS AGREEMENT OR APPLICABLE LAW, IN THE EVENT BUYER CLAIMS A DEFECT IN TITLE TO THE PROPERTY, BUYER SHALL EXHAUST ALL OF ITS RIGHTS AND REMEDIES UNDER THE TITLE POLICY AS A CONDITION PRECEDENT TO ASSERTING ANY CLAIM THAT BUYER MAY HAVE UNDER THIS AGREEMENT OR IN CONNECTION WITH THE DEED.

  • REMEDIATION CLEAN UP, DETOXIFICATION, LOSS, LIABILITY, DAMAGE, EXPENSE OR CLAIM OR A FAILURE OR DEFECT IN TITLE OCCASIONED BY ANY HAZARDOUS MATERIAL OR HAZARDOUS MATERIALS LAW APPLICABLE TO THE PROJECT.