Survey Exceptions definition

Survey Exceptions shall have the meaning set forth in Section 2.7.1.
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Survey Exceptions means (1) those exceptions to an ALTA lender’s title policy that would customarily be eliminated upon the delivery of an ALTA Survey , including the following sections of the Florida Form 9 Endorsement to an ALTA Title Policy: the second sentence of Section l(b) and sections l(b)(3), l(b)(4), 3(a), 4 and 5; and (2) an exception to an ALTA title policy which eliminates one or more of the coverages described in clause (1) as a result of existing development on the subject Real Property.
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Examples of Survey Exceptions in a sentence

  • On or before the expiration of the Inspection Period, Buyer shall give notice to Seller of Buyer's approval of the Survey or disapproval of any matters thereon ("Survey Exceptions").

  • The Seller shall notify the Buyer in writing within five (5) Business Days of receiving the Title Notice whether the Seller elects and/or is able to cure any Title Exception(s) and/or Survey Exception(s) set forth in the Title Notice and if the Seller is able and willing to cure such title matters, Seller shall do so at their own expense and provided that Seller shall have no obligation to cure any Title Exceptions or Survey Exceptions.

  • Seller’s failure to respond in writing within such five (5) Business Day period shall be deemed an election by Seller to not cure any of the Title Exceptions and/or Survey Exceptions set forth in the Title Notice.

  • If Seller does not cure any Survey Exceptions within the Survey Cure Period, Buyer shall have five (5) days to give Seller written notice that Buyer waives its objections to the Survey Exceptions.

  • If Seller fails to cure any Survey Exceptions referenced in the Survey Notice within the Contingency Period, Buyer shall have the option to terminate this Contract by delivering written notice thereof to Seller.

  • Seller shall notify Purchaser within fifteen (15) days after receipt of Purchaser’s notice whether it will be able to cure or remove the Title Exceptions and Survey Exceptions, as applicable.

  • Seller shall use reasonable efforts to remove any Survey Exceptions within sixty (60) days after Buyer's notice of disapproval ("Survey Cure Period").

  • If Seller does not cure any Survey Exceptions within the Survey Cure Period, Buyer shall have seven (7) days to give Seller written notice that Buyer waives its objections to the Survey Exceptions.

  • If Seller fails to deliver its response within such period, Seller shall be deemed to have elected not to eliminate the Disapproved Title and Survey Exceptions.

  • If Purchaser does not give such notice of termination prior to the expiration of the Inspection Period, Purchaser shall be deemed to have waived such Title Exceptions and Survey Exceptions.