Objectionable Title Matters definition

Objectionable Title Matters has the meaning specified in Section 4.2.
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Objectionable Title Matters has the meaning given to it in Section 4.1(g) of this Agreement.
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Objectionable Title Matters means any matters shown on the Title Commitment or the ALTA Survey (other than Permitted Liens) that Purchaser has identified as requiring cure.
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Examples of Objectionable Title Matters in a sentence

  • Notwithstanding anything in the Agreement to the contrary, the Buyer’s election to terminate at any time on or before the Approval Date as a result of the Flood Condition, which was previously objected to in connection with the Buyer’s notice of Objectionable Title Matters, shall constitute a Full Refund Event.

  • Further, Contractor agrees to include a similar right to County to audit records and interview staff of any subcontractor related to performance of this Contract.Should Contractor cease to exist as a legal entity, Contractor‟s records pertaining to this Contract shall be forwarded to the surviving entity in a merger or acquisition or, in the event of liquidation, to County‟s project manager.

  • Seller shall respond in writing to Developer’s Objectionable Title Matters (if any) to the Title Commitment and Survey within ten (10) business days after receipt of Developer’s Objectionable Title Matters (if any).

  • If Buyer timely notifies Seller in writing of any such Objectionable Title Matters (such writing “Buyer’s Title Notice”), Seller, in Seller’s sole discretion, may, but shall have no obligation to, remove or cure such Objectionable Title Matters on or prior to Closing.

  • If Buyer fails to so notify Seller of any such Objectionable Title Matters, all exceptions and other matters appearing in the Title Commitment existing at the expiration of the Financing Contingency Period shall be deemed accepted by Buyer and included as Permitted Exceptions (as defined below).

  • Full-time contracts will typically be based on 246 days per fiscal year for the period July 1 through June 30.

  • Buyer shall, within ten (10) business days of receipt of the commitments for the Title Policies (but in no event later than one hundred twenty (120) days after the date hereof) provide Seller with written notice of any claimed Objectionable Title Matters.

  • If Seller fails to cure such objections, Seller shall not be in default (except to the extent Seller is otherwise in breach of this Agreement) but Developer shall have the option either to accept the Property subject to such matters without a reduction in the Purchase Price or to terminate this Agreement as Developer has with respect to Objectionable Title Matters pursuant to Section 6(b).

  • Failure of Seller to respond as set forth herein shall be deemed to mean that Seller intends to take no action to cure Developer’s Objectionable Title Matters.

  • The County shall have until the end of the Due Diligence Period to notify the Port of any objections the County has to any matters shown or referred to in a Title Commitment or identified in the Schedule 1 Third Party Leases, Licenses and Contracts that were done or suffered during Port's ownership of the Property ("Objectionable Title Matters").


More Definitions of Objectionable Title Matters

Objectionable Title Matters has the meaning set forth in Section 13.1.
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Objectionable Title Matters means (a) Monetary Liens, (b) clouds on title that preclude the Title Company from issuing a Title Policy, or (c) other title exceptions that materially adversely affect the use of the Property as a residential rental property in substantial accordance with the applicable Lease for such Property, but, in each case, excluding any Monetary Lien that is included in the Compliance Correction/Related Liabilities Escrow Amount.
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Related to Objectionable Title Matters

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

  • Permitted Exceptions shall have the meaning set forth in Section 4.3.

  • Objectionable in this agreement means material that deals with matters such as sex, cruelty, or violence in such a manner that it is likely to be injurious to the good of students or incompatible with a school environment. This is intended to be inclusive of the definition used in the Films, Videos and Publications Classification Act 1993.

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

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

  • Permitted Exception means that, with respect to any representation, warranty or covenant with respect to the interest of the Buyer and its assignees in the ARSC Purchased Assets or any Servicer Default, that (i) prior to recordation (A) pursuant to Section 8.3 of this Agreement and/or Section 2.01(d)(i) of the Transfer and Servicing Agreement or (B) upon the sale of a Home to an Ultimate Buyer, record title to such Home may remain in the name of the related Transferred Employee, and no recordation in real estate records of any mortgage or any conveyance pursuant to the related Home Purchase Contract or Home Sale Contract in favor of any Transaction Party or any of the Buyer’s assignees and assigns pursuant to the Receivables Purchase Agreement will be made except as otherwise permitted under Section 2.01(d)(i) of the Transfer and Servicing Agreement and (ii) no delivery of any Home Purchase Contracts, Home Deeds and Equity Loan Notes to any custodian will be required.

  • Objections means any objection, application, motion, complaint or any other legal proceeding seeking, in whole or in part, to disallow, determine, liquidate, classify, reclassify, or establish the priority, expunge, subordinate or estimate any Claim (including the resolution of any request for payment of any Administrative Claim).

  • 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.

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

  • Title Report has the meaning set forth in Section 5.4(b).

  • Preliminary Title Report A report issued by a title insurance company in anticipation of issuing a Title Insurance policy which evidences existing liens and gives a preliminary opinion as to the absence of any encumbrance on title to a Mortgaged Property, except liens to be removed on or before purchase or refinance, as the case may be, by the Borrower and Permitted Encumbrances.

  • Permitted Real Property Encumbrances means (i) those liens, encumbrances and other matters affecting title to any Mortgaged Property listed in the applicable title policy in respect thereof (or any update thereto) and found, on the date of delivery of such title policy to the Administrative Agent in accordance with the terms hereof, reasonably acceptable by the Administrative Agent, (ii) as to any particular real property at any time, such easements, encroachments, covenants, restrictions, rights of way, minor defects, irregularities or encumbrances on title which do not, in the reasonable opinion of the Administrative Agent, materially impair such real property for the purpose for which it is held by the mortgagor or owner, as the case may be, thereof, or the Lien held by the Administrative Agent, (iii) municipal and zoning laws, regulations, codes and ordinances, which are not violated in any material respect by the existing improvements and the present use made by the mortgagor or owner, as the case may be, of such real property, (iv) general real estate taxes and assessments not yet delinquent, and (v) such other items as the Administrative Agent may consent to.

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

  • Title V means Title V of the federal Act for the Senior Community Service Employment Program for Older Americans.

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

  • Existing Title Policy means, the existing title insurance policy for the Property.

  • Permitted Title Exceptions means those exceptions to title to the Real Property that are satisfactory to the Acquiror as determined pursuant to Section 2.2.

  • Environmental Conditions means the presence in the environment, including the soil, groundwater, surface water or ambient air, of any Hazardous Material at a level which exceeds any applicable standard or threshold under any Environmental Law or otherwise requires investigation or remediation (including, without limitation, investigation, study, health or risk assessment, monitoring, removal, treatment or transport) under any applicable Environmental Laws.

  • Permitted Encumbrances means:

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

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

  • Real Property Interests means all interests in Owned Real Property and Leased Real Property, including fee estates, leaseholds and subleaseholds, purchase options, easements, licenses, rights to access, and rights of way, and all buildings and other improvements thereon and appurtenant thereto, owned or held by Sellers that are used in the business or operations of the Stations, together with any additions, substitutions and replacements thereof and thereto between the date of this Agreement and the Closing Date, but excluding the Excluded Real Property Interests.

  • 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 Commitment shall have the meaning set forth in Section 4.2.

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

  • Objection Date means the date by which Settlement Class Members must mail their objection to the settlement for that objection to be effective. The postmark date shall constitute evidence of the date of mailing for these purposes.