Permitted Exceptions. The Property shall be conveyed subject to the matters which are, or are deemed to be, Permitted Exceptions pursuant to Article II hereof (herein referred to collectively as the “Permitted Exceptions”).
Permitted Exceptions. The Deed delivered pursuant to this Contract shall be subject to the following, all of which shall be deemed "Permitted Exceptions":
Permitted Exceptions. Except as otherwise provided in this Article VIII, the Sellers shall sell and convey title to each Property subject only to the Permitted Exceptions with respect to such Property.
Permitted Exceptions. The Premises are sold and shall be conveyed subject to:
Permitted Exceptions. Notwithstanding any provision of Section 2.1 to the contrary, Xxxxx GP and the HFC Group Members may engage in the following activities under the following circumstances:
Permitted Exceptions. The Permitted Exceptions do not materially and adversely affect (1) the ability of the Borrower to pay in full the principal and interest on the Note in the manner provided for therein or (2) the use of the Property for the use currently being made thereof, the operation of the Property as currently being operated or the value of the Property.
Permitted Exceptions. Within five (5) days after delivery of the Title Commitment, Purchaser shall advise Seller of any defect or objections disclosed by the Title Commitment (other than the Mortgage) which are objectionable to Purchaser. Any item shown on the Title Commitment to which no objection is made by that date is a "Permitted Exception." If any objection is timely made, or if a lien or encumbrance shall first affect the Property after the effective date of the Commitment and prior to the Closing, Seller has the option, in Seller's sole discretion, to make reasonable efforts to satisfy such objections, except that Seller agrees to satisfy any monetary lien affecting the Property ("Monetary Lien") at or prior to the Closing and with respect to any other title matter objected to by Purchaser which is not in a liquidated amount but which can be cured within a period of twenty (20) days at an expense of not more than $25,000 ("Other Title Matters"), Seller shall also cure the same at or prior to the Closing. In the event those defects and objections (other than the Monetary Liens and other Title Matters, which Seller shall satisfy at or prior to the Closing) are not satisfied by the Closing Date, then, at the option of Purchaser, Purchaser may elect to terminate this Agreement or waive the objection and proceed to Closing. For purposes of this Agreement, any such defect or objection shall be deemed to have been cured by Seller upon the issuance to Purchaser by the Title Company of its policy insuring title to the Property without exception for such defect or objection (specifically referring to such defect or objection) at no additional cost to Purchaser.
Permitted Exceptions. 9. The Premises are sold and shall be conveyed subject to: (a) Zoning and subdivision laws and regulations, and landmark, historic or wetlands designation, provided that they are not violated by the existing buildings and improvements erected on the property or their use; (b) Consents for the erection of any structures on, under or above any streets on which the Premises abut; (c) Encroachment of xxxxxx, areas, cellar steps, trim and cornices, if any, upon any street or highway; (d) Real estate taxes that are a lien, but are not yet due and payable; and (e) The other matters, if any, including a survey exception, set forth in a Rider attached.
Permitted Exceptions. Notwithstanding any provision of Section 3.1 to the contrary, the restrictions in this Agreement shall not prevent any Partnership Group Member from:
Permitted Exceptions. As between Buyer and Seller, Buyer agrees to accept title, possession, the deed, the Updated Title Evidence, any title insurance and any survey subject to and notwithstanding the following matters (each a “Permitted Exception” and collectively the “Permitted Exceptions”): (a) existing roads, public utilities and drains; (b) visible and/or apparent uses and easements; (c) existing pipelines, whether or not visible or apparent and whether or not appearing of record; (d) rights and/or claims relating to or arising from any variation between a deeded boundary line and a fence line, field line, ditch line or other visible occupancy or occupancy line; (e) any lien for current, non-delinquent Taxes; (f) local ordinances and zoning laws; (g) any outstanding reservations, severances and/or other rights with respect to Minerals; (h) any recorded oil and/or gas lease, whether active or not; (i) the provisions of this Agreement and any matter disclosed in this Agreement (including the exhibits incorporated herein); (j) easements, conditions, restrictions, reservations and/or other matters (except Liens) appearing of record; and (k) all matters (except Liens) listed, disclosed or described in the Preliminary Title Evidence; and (l) the Applicable Property Tax Covenant(s), as defined below.
