Disputed Title Matter definition

Disputed Title Matter has the meaning set forth in Section 6.7.
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Disputed Title Matter shall have the meaning set forth in Section 11.3.
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Disputed Title Matter has the meaning assigned to such term in Section 3.10(a).
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Examples of Disputed Title Matter in a sentence

  • Nothing in this Agreement shall operate to cause Closing to be delayed on account of any unresolved Disputed Title Matters or any arbitration conducted pursuant to this Section 11.02(j) and, to the extent any adjustments are not agreed upon by the Parties in writing as of Closing, the Base Purchase Price will not be adjusted for such unresolved Disputed Title Matter at Closing and subsequent adjustments to the Base Purchase Price, if any, will be made pursuant to Section 3.04 or this Section 11.02.

  • Each of Buyer and Seller shall submit to the Title Arbitrator its proposed resolution of the Disputed Title Matter in writing.

  • The Title Arbitrator shall be limited to awarding only one or the other of the two proposed settlement amounts with respect to each Disputed Title Matter.

  • If, pursuant to Section 4.4(b), a Disputed Title Matter is submitted to expert determination, or if, pursuant to Section 5.4(a)(ii), a Disputed Environmental Matter is submitted to expert determination, then the determination shall be conducted pursuant to this Section 6.1. “Expert” means the Title Expert and the Environmental Expert.

  • The Expert shall make a separate determination with respect to each Disputed Title Matter or Disputed Environmental Matter submitted to the Expert for determination.

  • The Title Arbitrator shall act as an expert for the limited purpose of determining the specific Disputed Title Matter submitted by either Party and may not award damages, interest or penalties to either Party with respect to any matter.

  • The determination of a Disputed Title Matter shall be conducted by a single title expert (“Title Expert”).

  • The Expert shall also be provided with, in the case of a Disputed Title Matter, Article 4 , in the case of a Disputed Environmental Matter, Article 5, and in all cases, this Section 6.1, and the Allocated Values of the Assets subject to a Disputed Title Matter, together with any definitions of terms used in such Articles, but no other provisions of this Agreement.

  • If, prior to the expiration of the Cure Period, a Disputed Title Matter exists, then such dispute(s) shall be finally and exclusively resolved in accordance with the provisions of Section 4.11.

  • The proposed resolution of the Disputed Title Matter must include the best offer of the submitting Party in a single monetary amount that such Party is willing to pay or accept (as applicable) to settle the Disputed Title Matter.

Related to Disputed Title Matter

  • Title Defect means with respect to a Lease any lien, encumbrance, adverse claim, default, expiration, failure, defect in or objection to real property title, other than Permitted Encumbrances, that alone or in combination with other defects renders Sellers’ title to the Lease less than Defensible Title.

  • Title Defects has the meaning set forth in Section 5.15(b).

  • Disputed Item has the meaning set forth in Section 1.3(c).

  • Title Defect Amount means, with respect to a Title Defect Property, the amount by which such Title Defect Property is impaired as a result of the existence of one or more Title Defects, which amount shall be determined as follows:

  • Disputed Items has the meaning set forth in Section 3(b)(3)(A).

  • Title Defect Notice shall have the meaning set forth in Section 11.2(a).

  • Title Objection shall have the meaning assigned thereto in Section 8.5.

  • Title Defect Property has the meaning set forth in Section 6.2(a).

  • Title Objections has the meaning ascribed to such term in Section 6.2(a).

  • Disagreement means a difference of opinion between personnel of a reporting issuer responsible for finalizing the reporting issuer’s financial statements and the personnel of a predecessor auditor responsible for authorizing the issuance of audit reports on the reporting issuer’s financial statements or authorizing the communication of the results of the auditor’s review of the reporting issuer’s interim financial report, if the difference of opinion

  • Disputed Amount means an amount which Customer disputes. A Disputed Amount may relate to the whole or part of an invoice(s).

  • Environmental Defect means, with respect to any given Asset, a material violation of Environmental Laws in effect as of the Effective Time in the jurisdiction in which such Asset is located.

  • Claim Objection Deadline means the first Business Day that is 180 days after the Effective Date, as may be extended by order of the Bankruptcy Court.

  • Defect Notice shall have the meaning specified in Section 3.2 of this Agreement.

  • Unresolved Claim means a Claim, which at the relevant time, in whole or in part: (a) has not been Finally Determined to be a Proven Claim in accordance with the Amended Claims Procedure Order and this Plan; (b) is validly disputed in accordance with the Amended Claims Procedure Order; and/or (c) remains subject to review and for which a Notice of Allowance or Notice of Revision or Disallowance (each as defined in the Amended Claims Procedure Order) has not been issued to the Creditor in accordance with the Amended Claims Procedure Order as at the date of this Plan, in each of the foregoing clauses, including both as to proof and/or quantum;

  • Title Review Period shall have the meaning set forth in Section 4.3.

  • Environmental Defect Notice shall have the meaning set forth in Section 12.1(a).

  • Environmental Defect Value means, with respect to any Environmental Defect, the value, as of the Closing Date, of the estimated costs and expenses to correct such Environmental Defect in the most cost-effective manner reasonably available, consistent with Environmental Laws, taking into account that non-permanent remedies (such as mechanisms to contain or stabilize hazardous materials, including monitoring site conditions, natural attenuation, risk-based corrective action, institutional controls or other appropriate restrictions on the use of property, caps, dikes, encapsulation, leachate collection systems, etc.) may be the most cost-effective manner reasonably available.

  • Tax Matter has the meaning set forth in Section 7.01.

  • Objections means any objection, application, motion, complaint or any other legal proceeding seeking, in whole or in part, to disallow, determine, liquidate, classify, reclassify, or establish the priority, expunge, subordinate or estimate any Claim (including the resolution of any request for payment of any Administrative Claim).

  • Xxxx Dispute Notice means the notice issued by a Party raising a Dispute regarding a Monthly Xxxx or a Supplementary Xxxx issued by the other Party;

  • Disputed means, with respect to any Claim or Interest, any Claim or Interest that is not yet Allowed.

  • Disputed Amounts has the meaning set forth in Section 2.04(c)(iii).

  • Subject Matter Expert means a person who has working or expert knowledge about a particular topic or field.

  • Resolve and the correlative terms, “Resolved”, “Resolving” and “Resolution” each means that the Services are restored to a point where the Customer can perform their job. In some cases, this may only be a work around solution until the root cause of the Error or Unplanned Disruption is identified and corrected (the need for restoration of normal service supersedes the need to find the root cause of the incident).

  • Claims Objection Deadline means the later of: (a) the date that is 180 days after the Effective Date; and (b) such other date as may be fixed by the Bankruptcy Court, after notice and hearing, upon a motion Filed before the expiration of the deadline to object to Claims or Interests.