Related to Qualified Title Defect

Title Defect means any lien, charge, Encumbrance, defect, or other matter that, as of the Execution Date, causes Seller or any Selling Subsidiary not to have Defensible Title in and to the Conveyed Interests; provided that the following shall not be considered Title Defects:
Title Defect Property has the meaning set forth in Section 6.2(a).
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:
Title Defects has the meaning set forth in Section 5.15(b).
Nonconforming zoning condition means a physical improvement on a property that does not conform with current zoning standards.

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