Curable Defect definition

Curable Defect means shortfalls in submission such as:
Sample 1Sample 2Sample 3
Curable Defect means shortfalls in submission suchas:
Sample 1Sample 2Sample 3
Curable Defect means shor√alls in submission such as:
Sample 1Sample 2

Examples of Curable Defect in a sentence

  • If Seller and Buyer mutually agree in good faith that a Post-Closing Curable Defect has been cured at any time during the Cure Period, then within ten (10) days after such determination, the Post-Closing Defect Escrow Amount withheld with respect thereto shall be released to Seller in accordance with the terms of the Escrow Agreement.

  • If, at the end of the Cure Period, Seller and Buyer are unable to agree (a) whether Seller has cured a Post-Closing Curable Defect or (b) to the Title Defect Amount or Environmental Defect Amount attributable to a Post-Closing Curable Defect, then the applicable amount of funds in dispute, and accrued interest thereof, shall remain with the Escrow Agent pursuant to the Escrow Agreement until such disagreement shall be resolved as provided in Section 8 of Exhibit A.

  • Curable Defect shall mean shortfalls in submission such as: a) Non-submission of following documents, i) Valid Registration Certificate ii) Sales Tax Registration Certificate (VAT) iii) Certified Copies of PAN documents and photographs of individuals, owners, etc iv) Partnership Deed and any other documents v) Undertakings as mentioned in the tender document.

  • Note: a) Curable Defect shall mean shortfalls in submission such as: a.

  • Note:i) Curable Defect shall mean shortfalls in submission such as:a.

  • The Certificateholders’ Lack Of Standing In Commencing The OriginalAction Is A Curable Defect That The Trustee’s Revival Has Now Cured.

  • Curable Defect shall mean shortfalls in submission such as: Non-submission of following documents, Valid Registration Certificate Valid Bank Solvency Goods and Service Tax Registration Certificate (GST) Certified Copies of PAN documents and photographs of individuals, owners, etc Partnership Deed and any other documents Undertakings as mentioned in the tender document. Wrong calculation of Bid Capacity, No proper submission of experience certificates and other documents, etc.II.

  • For non- curable defects the 10% of EMD shall be forfeited and bid will be liable for rejection.Note:• Curable Defect shall mean shortfalls in submission such as:• Non-submission of following documents,• Valid Company Registration Certificate• Valid Bank Solvency• GST Certificate• Certified Copies of PAN documents and photographs of individuals, owners, etc.• Partnership Deed and any other documents• Undertakings as mentioned in the tender document.

  • Curable Defect shall mean shortfalls in submission such as: Non-submission of following documents, i.

  • The amount deposited into the Defects Escrow with respect to a Post-Closing Curable Defect will remain therein until released as provided in Section 5.6(e).

Related to Curable Defect

  • Title Defect means with respect to a Lease any lien, encumbrance, adverse claim, default, expiration, failure, defect in or objection to real property title, other than Permitted Encumbrances, that alone or in combination with other defects renders Sellers’ title to the Lease less than Defensible Title.

  • Material Defect As defined in Section 2.02(c) hereof.

  • Title Defect Notice shall have the meaning set forth in Section 11.2(a).

  • Environmental Defect means, with respect to any given Asset, a material violation of Environmental Laws in effect as of the Effective Time in the jurisdiction in which such Asset is located.

  • Title Defects has the meaning set forth in Section 5.15(b).

  • Environmental Defect Notice shall have the meaning set forth in Section 12.1(a).

  • Claim Notice has the meaning set forth in Section 8.4(a).

  • Major Defect means a condition that exists on a ground ambulance vehicle that requires the Department or the certificate holder to place the ground ambulance vehicle out-of-service.

  • Cure Period means the period specified in this Agreement for curing any breach or default of any provision of this Agreement by the Party responsible for such breach or default and shall:

  • Defect Notice shall have the meaning specified in Section 3.2 of this Agreement.

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

  • Expected Claim Notice means a notice that, as a result of a legal proceeding instituted by or written claim made by a third party, an Indemnified Party reasonably expects to incur Damages for which it is entitled to indemnification under Article VI.

  • Title Defect Amount means, with respect to a Title Defect Property, the amount by which such Title Defect Property is impaired as a result of the existence of one or more Title Defects, which amount shall be determined as follows:

  • Claim Objection Deadline means the first Business Day that is 180 days after the Effective Date, as may be extended by order of the Bankruptcy Court.

  • Environmental Defect Value means, with respect to any Environmental Defect, the value, as of the Closing Date, of the estimated costs and expenses to correct such Environmental Defect in the most cost-effective manner reasonably available, consistent with Environmental Laws, taking into account that non-permanent remedies (such as mechanisms to contain or stabilize hazardous materials, including monitoring site conditions, natural attenuation, risk-based corrective action, institutional controls or other appropriate restrictions on the use of property, caps, dikes, encapsulation, leachate collection systems, etc.) may be the most cost-effective manner reasonably available.

  • Major Servicing Defect With respect to each Payment Date and any Reference Obligation for which Freddie Mac has determined the existence of an Unconfirmed Servicing Defect, the occurrence of any of the following: (a) the related servicer repurchased such Reference Obligation or made Freddie Mac whole resulting in a full recovery of losses incurred (“Make- Whole”) during the related Reporting Period; or (b) the party responsible for the representations and warranties and/or servicing obligations or liabilities with respect to the Reference Obligation becomes subject to a bankruptcy, an insolvency proceeding or a receivership. Reference Obligations covered under servicing settlements will not result in Major Servicing Defects.

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

  • Title Defect Property has the meaning set forth in Section 6.2(a).

  • Third Party Claim Notice shall have the meaning set forth in Section 6.5(a).

  • Defects Notification Period means the period for notifying defects in the Works or a Section (as the case may be) under Sub-Clause 11.1 [Completion of Outstanding Work and Remedying Defects], which extends over 365 days except if otherwise stated in the SCC (with any extension under Sub-Clause 11.3 [Extension of Defects Notification Period]), calculated from the date on which the Works or Section is completed as certified under Sub-Clause 10.1[Taking Over of the Works and Sections].

  • Cure means the distribution within a reasonable period of time following the Effective Date of Cash, or such other property as may be agreed upon by the parties or ordered by the Bankruptcy Court, with respect to the assumption or assumption and assignment of an executory contract or unexpired lease, pursuant to section 365(b) of the Bankruptcy Code, in an amount equal to all unpaid monetary obligations, without interest, or such other amount as may be agreed upon by the parties under such executory contract or unexpired lease, to the extent such obligations are enforceable under the Bankruptcy Code and applicable bankruptcy law.

  • Minor defect means a defect which is not a Major Defect.

  • Objection Notice has the meaning set forth in Section 2.3(a) of this Agreement.

  • Breaching Party has the meaning set forth in Section 12.2.

  • Objection Period has the meaning set forth in Section 2.4(d).