Survey Exception definition

Survey Exception will have the meaning set forth in Section 4.1(a).
Sample 1
Survey Exception means the regional exception commonly known as a “survey exception” and commonly shown as exception number 4 1.n Schedule B, Part 1 of an American Land Title Association Owners Policy (19 ) (excepting “[d]iscrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which a current survey would disclose, and which are not shown by the public records”).
Sample 1
Survey Exception has the meaning ascribed to such term in Section 6.4.
Sample 1

Examples of Survey Exception in a sentence

  • Buyer shall pay the costs of recording the Deed and any mortgage or financing instrument and any special endorsements to the Title Policy not required to cure a title objection or Survey Exception.

  • An Infrared and Ultrasonic Survey Exception Report will be provided for all identified concerns or potential failures.

  • As a minimum, the Infrared Survey Exception Report will consist of a color graphic report of abnormal temperature readings identified by the infrared survey, and detail ambient, caution, and warning conditions.

  • Borrower shall have provided to Baypoint either (i) an ALTA No. 100 Endorsement and an ALTA No. 116 Endorsement as part of the Title Insurance Policy (defined below), which Title Insurance Policy shall provide Form 1 coverage and shall exclude the General Survey Exception; or (ii) a survey to resolve any survey-related title concern.

  • If Purchaser does not exercise its right to terminate this Agreement in accordance with this Section 3.02, all matters contained in or on, and all of Purchaser's objections to, the Title Binder, Survey, Exception Documents and all other documents delivered hereunder or otherwise obtained by Purchaser pursuant to or in connection with this Agreement or the Property shall either be cured to the satisfaction of Purchaser or waived by Purchaser at or prior to the closing of the Asset Purchase Agreement.

  • In order to delete the standard/general Survey Exception from Schedule B – Section II of the commitment a survey acceptable to the company must be provided for review and approval.

  • Once the problem has been determined the "Survey Exception Report Response Form" is to be completed and signed.

  • Any survey matter other than a Seller Removal Survey Exception shall be deemed conclusively approved by Buyer if it is not set forth in a timely Survey Disapproval Notice or if Buyer does send a timely Survey Disapproval Notice but does not elect in writing to terminate this Agreement within the two (2) Business Day period following the Survey Cure Expiration Date.

  • The Survey Exception removes from coverage any encroachment, encumbrance, violation, variation, or adverse circumstance affecting the Title that would be disclosed by an accurate and complete land survey of the Land.

  • Although each claim situation is specific, unless the Survey Exception is removed from Schedule B, Exceptions of the Owner Policy, an owner Insured should never expect that the Policy insures acreage OR boundaries, as those matters are excepted from coverage.

Related to Survey Exception

  • Existing Survey means the existing ALTA survey of the Property.

  • Survey means a survey of the Property prepared by a surveyor licensed in the State and satisfactory to Lender and the company or companies issuing the Title Insurance Policy, and containing a certification of such surveyor satisfactory to Lender.

  • Permitted Exception means that, with respect to any representation, warranty or covenant with respect to the interest of the Buyer and its assignees in the ARSC Purchased Assets or any Servicer Default, that (i) prior to recordation (A) pursuant to Section 8.3 of this Agreement and/or Section 2.01(d)(i) of the Transfer and Servicing Agreement or (B) upon the sale of a Home to an Ultimate Buyer, record title to such Home may remain in the name of the related Transferred Employee, and no recordation in real estate records of any mortgage or any conveyance pursuant to the related Home Purchase Contract or Home Sale Contract in favor of any Transaction Party or any of the Buyer’s assignees and assigns pursuant to the Receivables Purchase Agreement will be made except as otherwise permitted under Section 2.01(d)(i) of the Transfer and Servicing Agreement and (ii) no delivery of any Home Purchase Contracts, Home Deeds and Equity Loan Notes to any custodian will be required.

  • Title Policy shall have the meaning set forth in Section 4.2.

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

  • Bankruptcy Exception means, in respect of any agreement, contract, commitment or obligation, any limitation thereon imposed by any bankruptcy, insolvency, fraudulent conveyance, reorganization, receivership, moratorium or similar Law affecting creditors’ rights and remedies generally and, with respect to the enforceability of any agreement, contract, commitment or obligation, by general principles of equity, including principles of commercial reasonableness, good faith and fair dealing, regardless of whether enforcement is sought in a proceeding at Law or in equity.

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

  • Title Report has the meaning set forth in Section 5.4(b).

  • Title Commitment shall have the meaning set forth in Section 4.2.

  • Title Policies has the meaning set forth in Section 6.17.

  • Record of survey map means a map of a survey of land prepared in accordance with Section 10-9a-603, 17-23-17, 17-27a-603, or 57-8-13.

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

  • Title IX means 20 U.S.C. §§ 1681-1688 and the implementing regulations.

  • Equitable Exceptions means, with respect to the enforceability of any obligation, that such obligation is subject to (a) applicable bankruptcy, insolvency, moratorium, receivership, assignment for the benefit of creditors or other similar state or federal laws affecting the rights and remedies of creditors generally (including, without limitation, fraudulent conveyance or transfer laws) and judicially developed doctrines in this area, such as equitable subordination and substantive consolidation of entities and (b) equitable principles (whether considered in a proceeding in equity or at law).

  • Bankruptcy Exceptions means limitations on, or exceptions to, the enforceability of an agreement against a Person due to applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally or the application of general equitable principles, regardless of whether such enforceability is considered in a proceeding at law or in equity.

  • Title Insurance Policy A title insurance policy maintained with respect to a Mortgage Loan.

  • Title Documents shall have the meaning set forth in Section 4.1.

  • Bankruptcy and Equity Exception means that this Agreement is, when executed and delivered by such member(s) of the Seller Group and assuming the due authorization, execution and delivery hereof by the members of the Purchaser Group that are (or are contemplated to be) party hereto, will be, legal, valid and binding obligations of such members of the Seller Group enforceable in accordance with their terms, subject to receivership, conservatorship and supervisory powers of bank regulatory agencies, bankruptcy, rehabilitation, liquidation, insolvency reorganization, moratorium, fraudulent transfer, preferential transfer and similar Laws of general applicability relating to or affecting creditors’ rights and remedies generally and to general equity principles.

  • Survey Area means the area of land or waters the subject of a Survey, or proposed to be the subject of a Survey.

  • Remedies Exception means the extent to which enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar Laws affecting the enforcement of creditors’ rights generally and by general equitable principles.

  • Enforceability Exceptions means the (a) Laws of general application relating to bankruptcy, insolvency and the relief of debtors; and (b) rules of law governing specific performance, injunctive relief and other equitable remedies.

  • Title Insurance Policies means, with respect to each Individual Property, an ALTA mortgagee title insurance policy in a form acceptable to Lender (or, if an Individual Property is in a State which does not permit the issuance of such ALTA policy, such form as shall be permitted in such State and acceptable to Lender) issued with respect to such Individual Property and insuring the lien of the Mortgage encumbering such Individual Property.

  • Exceptions means the conditions set out in Standard Licence Condition 14A.3 of our Licences, which are: (i) if your previous supplier has prevented

  • Land surveyor means the land surveyor appointed by the Seller, to act as such from time to time in respect of the Development or a member of a firm so appointed.

  • Title V means Title V of the federal Act for the Senior Community Service Employment Program for Older Americans.

  • ALTA means American Land Title Association, or any successor thereto.