Title Inspection Period definition

Title Inspection Period shall have the meaning set forth in Section 3.1.
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Title Inspection Period means that period of time commencing on the Effective Date, and ending May 5, 2006. If Escrow Agent issues an amended Title Report after the Title Inspection Period, or if the surveyor issues an amended Survey or Updated Survey after the Title Inspection Period, and either shows new title exceptions (“New Exceptions”), Buyer shall have an additional five (5) business days from receipt of such amendment(s) to review and approve or disapprove the New Exceptions only. If Buyer renders any written objections to any New Exceptions within the additional five (5) business day period referred to herein, Seller and Buyer shall have the same rights and be governed by the same provisions as set forth in subparagraphs 5(a) and 5(b) above. Title to the Property shall be conveyed subject only to those liens, easements, rights of way and other encumbrances as may be approved or deemed approved by Buyer as provided in paragraph 5(a) and 5(b) above (the “Permitted Exceptions”). Seller shall not intentionally place, permit, or cause to be placed any liens or encumbrances on the title to the Property from the date of the Preliminary Title Report referenced above through Closing or thereafter. If Seller intentionally places, permits, or causes a lien or encumbrance on the Property, contrary to the provisions of this Agreement, which can be removed by the payment of money, Escrow Agent is hereby expressly authorized, directed, and instructed to pay such monies in order to remove the lien or encumbrance at Closing from monies otherwise payable to Seller at Closing and the net proceeds otherwise available to Seller at Closing shall be reduced accordingly.
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Title Inspection Period shall have the meaning ascribed in Paragraph 4.1.
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Examples of Title Inspection Period in a sentence

  • If Purchaser fails to notify Seller in writing of its disapproval of any exceptions to title by the expiration of the Title Inspection Period, Purchaser shall be deemed to have approved the condition of title to the Real Property.

  • Purchaser shall notify Seller in writing (the “Title Notice”) prior to the expiration of the Title Inspection Period which exceptions to title (including survey matters), if any, will not be accepted by Purchaser.

  • If Purchaser fails to furnish Seller a written statement of Material Objections by the end of the Title Inspection Period with respect to any matter appearing as an exception on a Title Commitment, such matter shall be deemed waived by Purchaser and shall be a Permitted Encumbrance.

  • Purchaser shall notify Seller in writing (the "Title Notice") prior to the expiration of the Title Inspection Period which exceptions to title (including survey matters), if any, will not be accepted by Purchaser.

  • Buyer shall have until the end of the Title Inspection Period (as defined in Section 1(b)) to object in writing to any matter shown in the Preliminary Title Report or disclosed in any survey of the Property.

  • If during the Title Inspection Period, as hereafter defined, Purchaser determines that the Location's title is subject to exceptions or objections to title that do not come within the definition of Permitted Exceptions, as set forth in Section 2.1 above, Purchaser shall have until the end of the Title Inspection Period to notify MSI in writing specifying such defects that in Purchaser's opinion are not Permitted Exceptions.

  • The Survey (if any), Title Commitment, and copies of all Exceptions to title set forth on the Title Commitment are collectively referred to below as the "Title Documents." BUYER shall have until 5:00 p.m. (Pacific Time) sixty (60) days from the Effective Date ("Title Inspection Period") to give Seller written notice of Buyer's objections to or disapproval of any Exception(s) disclosed by the Title Documents (the "Objection(s)").

  • Ms. Zentner added that she is encouraged that staff and the board have a clearer understanding of water concerns in El Dorado County.

  • Buyer shall have until the end of the Title Inspection Period to object in writing to any matter shown in the Survey.

  • If Buyer objects in writing to any other matter disclosed in the Preliminary Title Report, Buyer shall specify the matter objected to with detail in a written notice delivered to Seller and Escrow Agent by the end of the Title Inspection Period (the “Title Objection Notice”).


More Definitions of Title Inspection Period

Title Inspection Period shall have the meaning set forth in Section 5.12(b).
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Title Inspection Period shall end on the thirtieth (30th) day after the date of Opening of Escrow.
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Related to Title Inspection Period

  • Inspection Period means the period beginning on the Effective Date and expiring at 5:00 p.m. eastern time on the forty-fifth day after the Effective Date.

  • Title Review Period shall have the meaning set forth in Section 4.3.

  • Lead inspection means a surface-by-surface investigation to determine the presence of lead- based paint and the provisions of a report explaining the results of the investigation.

  • Home inspection means the on-site, physical review of the home of an applicant to assure the applicant and the home meets all health and safety requirements within these rules.

  • Due Diligence Examination shall have the meaning set forth in Section 3.2.

  • Environmental Audit means a Phase One environmental site assessment (the scope and performance of which meets or exceeds ASTM Standard Practice E1527-93 Standard Practice for Environmental Site Assessments: Phase One Environmental Site Assessment Process) of the Property, and, if called for by the Phase One assessment, a Phase Two environmental site assessment.

  • 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.

  • Home inspection report means a written report that is

  • Study Period means the period commencing at 9:00 a.m. on the date hereof, and continuing through 5:00 p.m. on the Closing Date.

  • Initial inspection means the first on-site inspection of facilities to verify declarations submitted pursuant to Articles III, IV, V and VI and this Annex.

  • Review Period has the meaning set forth in Section 2.04(c)(i).

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

  • Final Inspection means the process and procedure described in UGC Section 12.1.

  • Phase I means the first part of the tuition incentive assistance program defined as the academic period of 80 semester or 120 term credits, or less, leading to an associate degree or certificate.

  • Inspection Fee means a fee payable to Lender or Loan Servicer for performing any inspection required by this Agreement in an amount not to exceed $500.00 per inspection.

  • Phase II means the second part of the tuition incentive assistance program which provides assistance in the third and fourth year of 4-year degree programs.

  • Due Diligence Period has the meaning set forth in Section 4.1(a).

  • Phase I Environmental Report means a report by an Independent Person who regularly conducts environmental site assessments in accordance with then current standards imposed by institutional commercial mortgage lenders and who has a reasonable amount of experience conducting such assessments.

  • Initial Audit is Bank’s inspection of Borrower’s Accounts, the Collateral, and Borrower’s Books, with results satisfactory to Bank in its sole and absolute discretion.

  • Examination Period as defined in Section 4.01.

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

  • Phase I assessment as described in, and meeting the criteria of, (i) Chapter 5 of the FNMA Multifamily Guide or any successor provisions covering the same subject matter in the case of a Specially Serviced Mortgage Loan as to which the related Mortgaged Property is multifamily property or (ii) the American Society for Testing and Materials in the case of Specially Serviced Mortgage Loan as to which the related Mortgaged Property is not multifamily property.

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

  • Phase I Environmental Assessment A “Phase I assessment” as described in, and meeting the criteria of, the ASTM, plus a radon and asbestos inspection.

  • Project Completion Date means the date on which the Completion Certificate is issued;

  • Certificate of inspection means an unsworn statement,