Approved Title Exceptions is defined in Section 2.4.1.
Approved Title Exceptions means (i) current taxes and assessments not yet due or payable, (ii) the applicable Redevelopment Requirements, (iii) any environmental restrictions and covenants recorded in connection with the environmental regulatory condition required by the DDA (but that do not prohibit residential use), (iv) matters disclosed on an applicable Subdivision Map, consistent with the Infrastructure Plan, (v) easements for utilities and access in favor of the City or a private utility consistent with the Development Plan, Redevelopment Plans, Design for Development and an applicable Subdivision Map or that otherwise do not materially increase the cost or feasibility of development of the Agency Lots or the Xxxxx Xxxxxxxx Lots, as applicable, as contemplated herein, (vi) use restrictions and requirements relating to the construction of Agency Affordable Units or the Xxxxx Xxxxxxxx Replacement Units as contemplated herein, (vii) matters disclosed by an ALTA survey that do not materially increase the cost or feasibility of development of the Agency Lots or the Xxxxx Xxxxxxxx Lots, as applicable, (viii) with respect to the Xxxxx Xxxxxxxx Lots, use restrictions and requirements imposed by HUD; (ix) such restrictions as are required to satisfy the terms and conditions of the DDA and (x) the lien of any existing community facilities district (including a CFD) so long as the real property, while owned by the Governmental Agency, is exempt from the special tax to be levied by the community facilities district as required under the Financing Plan and Section 4.3(a); provided, however, the foregoing shall not include the imposition of the CCBA on the Agency Lots or the Xxxxx Xxxxxxxx Lots.
Approved Title Exceptions shall not, however, include any deeds of trust or other liens (except for liens for the property taxes and assessments described in Section 2.1.1 above). If Xxxxx disapproves any title matter and so notifies Seller in writing prior to the closing, and Xxxxxx does not cause the title matter to be removed within ten (10) business days after written notice from Buyer of the applicable disapproved title matter, then Buyer may terminate this Agreement by written notice to Seller.
Examples of Approved Title Exceptions in a sentence
Trustor agrees to warrant and defend title to the Trust Property for the benefit of Beneficiary against all claims whatsoever, except the Approved Title Exceptions and those matters consented to in writing by Beneficiary.
Trustor warrants that Trustor’s title to the Trust Property is and will remain free and unencumbered, except for the Approved Title Exceptions.
Trustor warrants that this Deed of Trust is and will remain a valid and enforceable second position lien on the Premises, subject only to the Approved Title Exceptions.
Trustor warrants that its title to the Trust Property is and will remain free and unencumbered, except for the Approved Title Exceptions.
Trustor warrants that this Second Deed of Trust is and will remain a valid and enforceable second position lien on the Premises, subject only to the Approved Title Exceptions.
More Definitions of Approved Title Exceptions
Approved Title Exceptions means all title exceptions in the Preliminary Title Report and Survey, this Agreement, and the Development Agreement, except for title exceptions that City has agreed to remove or to cause to be insured over. At the Close of Escrow, City shall convey title to the Land to Developer by the Xxxxx Xxxx. Title to the Land shall be conveyed subject to: (a) prorated assessments for the assessment period during which the Close of Escrow occurs and assessments not yet due,
Approved Title Exceptions will have the meaning set forth in SECTION 4.2C of the Real Property Agreement.
Approved Title Exceptions means the approved title exceptions set forth on Attachment No. 5 attached hereto or other exceptions approved by Developer or created pursuant to this Agreement, including any exceptions required for the Final Map.
Approved Title Exceptions is defined in Section 2.3.
Approved Title Exceptions means all title exceptions in the Preliminary Title Report and Survey, this Agreement, and the Memorandum, except for title exceptions that City has agreed to remove or to cause to be insured over. At the Close of Escrow, City shall convey title to the Option Property to Optionee by a grant deed substantially in the form attached hereto as Exhibit D (the “Grant Deed”). Title to the Option Property shall be conveyed subject to: (a) prorated assessments for the assessment period during which the Close of Escrow occurs and assessments not yet due, (b) all Approved Title Exceptions, and (c) any matters which arise out of the actions of Optionee, Optionee’s Designees, or Optionee’s Representatives.
Approved Title Exceptions means (i) current taxes and assessments not yet due or payable, (ii) the applicable Redevelopment Requirements and the Development Agreement, (iii) any environmental restrictions and covenants recorded in connection with the environmental regulatory condition required by the DDA (but that do not prohibit residential use), (iv) matters disclosed on an applicable Subdivision Map, consistent with the Infrastructure Plan, (v) easements for utilities and access in favor of the City or a private utility consistent with an applicable Subdivision Map, (vi) use restrictions and requirements relating to the construction of Affordable Housing Units, (vii) matters disclosed by an ALTA survey that do not materially increase the cost or feasibility of development of the Authority Housing Lots, and (viii) such restrictions as are required to satisfy the terms and conditions of the DDA.
Approved Title Exceptions will have the meaning set forth in Section 4.2C of the Real Property Agreement.