Examples of Material Title Defects in a sentence
Since taking office as prime minister in August 1999, he has succeeded in projecting his image as a strong leader by taking a hard-line toward the conflict in Chechnya.
Any liens, encumbrances, title defects or other title exceptions disclosed in any Title Commitment or Survey and which do not constitute Material Title Defects (and any Material Title Defects which Purchaser elects to waive pursuant to this Section 6.2), shall be referred to herein as the “Permitted Exceptions”.
In the event a Material Title Defect is not removed or otherwise cured by Closing, Buyer shal have the option to either (x) terminate this Agreement, in which case the provisions of Article VIII shal apply or (y) waive such Material Title Defects, in which event such Material Title Defects shal be deemed additional Permitted Exceptions and the Closing shal occur as herein provided without any reduction of or credit against the Purchase Price.
If, at the Closing, any Material Title Defects remain uncured, this transaction shall nevertheless be consummated at the Closing, with no adjustment to the Sales Price for Material Title Defects at the Closing.
Any liens, encumbrances, title defects or other title exceptions disclosed in any Title Commitment or Survey and which do not constitute Material Title Defects (and any Material Title Defects which Purchaser elects to waive pursuant to this Section 6.2), shall be referred to herein as the "PERMITTED EXCEPTIONS".