Survey Exception definition

Survey Exception will have the meaning set forth in Section 4.1(a).
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Survey Exception has the meaning ascribed to such term in Section 6.4.
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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”).
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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.

  • 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.

  • Purchaser shall only be entitled to the refund and return of its Stand Still Deposit if the Objected Exception or Survey Exception which Seller refuses to remove materially interferes with the operation of the Businesses or the value of the parcel of Real Estate (which must be a parcel necessary to the actual gaming operations) affected by the Objected Exception or Survey Exception as it is currently being used.

  • The Survey shall be sufficient to permit the Title Company to modify the standard printed exception in the Owner's Policy of Title Insurance pertaining to discrepancies, conflicts, shortages in area or boundary lines, encroachments, overlapping of improvements or similar matters (herein called the "Survey Exception").

  • The Survey shall be sufficient to permit the Title Company to modify the standard printed exception in the Owner's Policy of Title Insurance pertaining to discrepancies in area or boundary lines, encroachments, overlapping of improvements or similar matters ("Survey Exception").

  • In no event shall the existence of an Unpermitted Survey Exception be deemed an Event of Default by Seller hereunder.

  • The Survey shall be sufficient to permit the Title Company, at Purchaser's sole option and expense, to modify the standard printed exception in the Owner Policy of Title Insurance pertaining to discrepancies in area or boundary lines, encroachments, overlapping of improvements, or similar matters (herein called the "Survey Exception").

  • If the Updated Survey discloses any encroachment or other matter not disclosed on the Title Commitment which materially impairs the marketability of the Property (an "Unpermitted Survey Exception") and which cannot be insured over by the Title Insurer, Purchaser may elect to proceed with Closing or terminate this Agreement.

  • If Seller elects not to remove a Survey Exception, then Buyer may terminate this Agreement within three (3) business days of Seller's election or deemed election of Subsection (ii), in which case Section 5.7.1 shall apply, provided that if Buyer fails to timely terminate then the Survey Exception shall be deemed a Permitted Exception.

  • 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.