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").

  • Penalties applied by other investment advisors and investment companies are published in 16 industry association communications and SEC releases.

  • 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.

  • No later than five (5) business days following Seller's receipt of Purchaser's Disapproved Title and Survey Exceptions, Seller shall inform Purchaser in writing as to whether Seller will cause the Disapproved Title and Survey Exceptions to be removed from title to the Property prior to the Closing.

  • Purchaser shall have a period of thirty (30) days from the date Purchaser receives Purchaser's Surveys for all of the Real Estate ("Title Date") to review such and to notify Seller in writing of each objection to the condition of title as reflected in the Surveys and which were not previously disclosed in the Exception Documents ("Survey Exceptions").

  • If Seller elects (or is deemed to have elected) not to eliminate any of the Disapproved Title and Survey Exceptions, then Purchaser may at any time prior to the end of the Due Diligence Period elect to terminate this Agreement.

  • If Purchaser does not elect to terminate this Agreement and proceeds with the transaction, then Purchaser shall be deemed to have approved or waived all Disapproved Title and Survey Exceptions that Seller has elected not to eliminate or that Purchaser did not object to and such exceptions shall be Permitted Exceptions.

  • Failure by Purchaser to notify Seller in writing of Purchaser's objections to the Survey Exceptions to title of the Real Estate on or before the Title Date shall result in a waiver by Purchaser of such objections to title.

  • No later than December 7, 2017, Purchaser shall notify Seller in writing of any matters shown on the Preliminary Title Commitments (or updates thereto) and the Updated Surveys to which Purchaser objects (the "Disapproved Title and Survey Exceptions").

Related to Survey Exceptions

  • 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).

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

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

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

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

  • 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.

  • 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.

  • Permitted Title Exceptions means those exceptions to title to the Real Property that are satisfactory to the Acquiror as determined pursuant to Section 2.2.

  • Enforceability Exceptions has the meaning set forth in Section 3.2.

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

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

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

  • 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.

  • 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.

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

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

  • Remedies Exception means (a) applicable bankruptcy, insolvency, reorganization, moratorium, and other Laws of general application, heretofore or hereafter enacted or in effect, affecting the rights and remedies of creditors generally, and (b) the exercise of judicial or administrative discretion in accordance with general equitable principles, particularly as to the availability of the remedy of specific performance or other injunctive relief.

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

  • Title Commitments has the meaning set forth in Section 5.9.

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

  • Surveys has the meaning set forth in Section 4(o) above.