Permitted Exceptions definition

Permitted Exceptions shall have the meaning set forth in Section 4.3.

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Permitted Exceptions means:

Permitted Exceptions has the meaning ascribed to such term in Section 6.2(a).

Examples of Permitted Exceptions in a sentence

• Other than the Ground Leases, the Tenant Leases and the Permitted Exceptions, there are no leases, subleases, licenses or other occupancy agreements (written or oral) which grant any possessory interest in or to the Property or the Improvements thereon, or which grant other rights with respect to the use of any of the Property.

• At Closing, the Easements and the Improvements in connection therewith shall be free and clear of all Liens, excepting only the Permitted Exceptions.

• The Ground Leases and the Improvements in connection therewith are, and at Closing, shall be, free and clear of all Liens, excepting only the Permitted Exceptions and the Liens existing under the Sunflower Credit Agreement (which will be released and terminated upon Closing).

• Except for the rights of the Tenants, as tenants only, pursuant to the Tenant Leases, and except for the rights of Ground Lessors, as lessors only, pursuant to the Ground Leases, and further excepting the Permitted Exceptions, no Person other than the applicable Company will on the Closing Date be in, or have any right or Claim to, possession of any of the Property.

• The Tenant Leases are, and at the Closing ​ will be, free and clear of all Liens, excepting only the Permitted Exceptions and the Liens existing under the Sunflower Credit Agreement (which will be released and terminated upon Closing).

More Definitions of Permitted Exceptions

Permitted Exceptions means, collectively, (a) liens for taxes, assessments and governmental charges not yet due and payable or due and payable but not yet delinquent; (b) the Leases; (c) the exceptions to title set forth in the Existing Title Policy; (d) all matters shown on the Existing Survey, and (e) such other nonmonetary encumbrances with respect to the Property as may be shown on the Update which are not objected to by the Purchaser (or which are objected to, and subsequently waived, by the Purchaser) in accordance with Section 3.1.

Permitted Exceptions means, with respect to the Real Property Rights, the following:

Permitted Exceptions shall have the meaning set forth in Section 9.2.

Permitted Exceptions has the meaning set forth in Section 5.4.4.

Permitted Exceptions has the meaning set forth in Section 2.3.

Permitted Exceptions means (i) Liens for current real estate taxes or assessments which are not yet due and payable, or are due and payable but not yet delinquent, or that are being contested in good faith by appropriate proceedings, (ii) any exceptions to title approved or waived by the Buyer in accordance with this Agreement, (iii) customary utility easements which (A) do not encroach any buildings or other improvements located at the applicable Property, (B) are within and do not violate any setback requirements or restrictions or Applicable Laws, and (C) do not materially and adversely impact the current use or value of the applicable Property, (iv) the rights of Tenants, as tenants only, pursuant to Leases, (v) any matters created or caused by the Buyer, and (vi) Liens arising out of, under or permitted in connection with this Agreement or the Closing Documents.

Permitted Exceptions as used in this Agreement, shall mean (i) the title exceptions listed in Schedule B of the Title Commitment, (ii) any general exceptions and exclusions contained in the standard owner’s policy of the Title Company that are not deleted pursuant to the Owner’s Affidavit, (iii) all title matters of record as of the Closing Date, and (iv) all taxes not yet due and payable.