Title Exception definition

Title Exception means any lien, mortgage, security interest, encumbrance, pledge, assignment, claim, charge, lease (surface, space, mineral, or otherwise), condition, restriction, option, conditional sale contract, right of first refusal, restrictive covenant, exception, easement (temporary or permanent), right-of-way, encroachment, overlap or other outstanding claim, interest, estate or equity of any nature whatsoever.

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Title Exception means the exceptions to title set forth in the Title Policy.

Title Exception shall have the meaning set forth in Schedule 1 hereof.

Examples of Title Exception in a sentence

• In the event that the Buyer delivers an Objection Notice to the Sellers as set forth in Section 8.2 and such title exception constitutes a Material Title Exception, the Sellers shall have the right, at the Sellers’ sole election, to either (a) take such action as the Sellers shall deem advisable to discharge each such Material Title Exception specified in the Objection Notice (each such exception, a “Title Objection”) or (b) decline to take such action to discharge each Title Objection.

• Seller shall not suffer any liability in connection with its failure to remove any title exception; Buyer's sole remedy for Seller's failure to cause the elimination of a Disapproved Title Exception shall be termination of this Agreement.

• Any such Title Objection so waived (or deemed waived) by Buyer shall be deemed to constitute a Permitted Title Exception and the Closing shall occur as herein provided without any reduction of or credit against the Purchase Price.

• Any and all other documents which are reasonably required by Master Tenant based on its review of the Title Exception Documents, Title Commitment and Survey, or from an inspection of the Premises or otherwise reasonably required by Master Tenant.

• In such event, Lessor shall have the right (but not the obligation) within thirty (30) days after receipt of the Title Objection Notice, in its discretion to either record or bond such New Title Exception, or provide the necessary assurances to the title Lessee so that Lessee can obtain a title insurance policy which is not subject to any New Title Exceptions listed in ▇▇▇▇▇▇'s Title Objection Notice (an "Acceptable Policy").

More Definitions of Title Exception

Title Exception. Defined in Schedule 1, Part I of this Agreement.

Title Exception. Defined in Schedule 1, Part I.

Title Exception means a recorded document which is identified on a Title Policy or Title Endorsement as an exception to clear record or marketable title to the premises insured under the Title Policy.

Title Exception is defined in Section 5.3(a) of this Agreement.

Title Exception and “Title Exceptions” mean any deeds to secure debt, mortgages, deeds of trust, liens, financing statements, security interests, easements, leases, rental agreements, licenses, restrictive covenants, agreements, options, claims, clouds, encroachments, rights, taxes, assessments, mechanics’ or materialmen’s liens (inchoate or perfected), liens for federal or state estate or inheritance taxes, and other encumbrances of any nature whatsoever, whether existing of record or otherwise, together with any and all matters of any kind or description, including, without limitation, matters of survey and any litigation or other proceedings affecting the Sellers and which affect title to the Real Property or the right, power, and authority of the Sellers to convey leasehold or fee simple marketable and insurable title to the Real Property to the Buyer in accordance with the terms of this Agreement.

Title Exception means any lien, declaration, easement, restrictive covenant or other instrument, charge, encumbrance or agreement affecting title to the Subject Property or any portion thereof.

Title Exception means those exceptions to coverage listed on Schedule B-II of the Title Policy, other than the standard printed exceptions contained therein.