Title Exception definition

Title Exception means any lien, mortgage, security interest, encumbrance, pledge, assignment, claim, charge, lease (surface, space, mineral, or otherwise), condition, restriction, option, conditional sale contract, right of first refusal, restrictive covenant, exception, easement (temporary or permanent), right-of-way, encroachment, overlap or other outstanding claim, interest, estate or equity of any nature whatsoever.

Title Exception means the exceptions to title set forth in the Title Policy.

Title Exception. Defined in Schedule 1, Part I of this Agreement.

Examples of Title Exception in a sentence

• Submitted By: (Company Name) Authorized Signature: Date: (Printed Name, Title) Exception or amendment to the Instructions, Agreement Terms, and Specifications as set forth in this document.

• In the event that Seller is unable or unwilling to remove any New Title Exception identified in a New Title Exception Notice on or before Closing, then Buyer may elect to either: (I) accept such New Title Exception and proceed with Closing, in which event such New Title Exception shall constitute a Permitted Exception, or (II) elect to terminate this Agreement, in which event this Agreement shall terminate and Buyer shall be entitled to a refund of the Deposit and the Extension Deposit (if applicable).

• Seller shall have no obligation to remove any New Title Exception, or any other title defect or condition, or otherwise take any action with respect to the Permitted Exceptions.

• No matter shall be construed as a valid objection or preclusion to title under this Contract unless it is a) not a "Permitted Title Exception" above, and b) is construed to be a valid objection or preclusion to title by the title insurance examination attorney chosen by Closer or the policy issuer (such attorney shall be deemed Buyer's attorney for title examination purposes only), and c) is communicated to the Parties prior to Closing.

• The Memorandum of the Failure to Commence Agreement to be recorded at Closing and shall be an Approved Title Exception.

More Definitions of Title Exception

Title Exception shall have the meaning set forth in Schedule 1 hereof.

Title Exception. Defined in Schedule 1, Part I.

Title Exception means a recorded document which is identified on a Title Policy or Title Endorsement as an exception to clear record or marketable title to the premises insured under the Title Policy.

Title Exception is defined in Section 5.3(a) of this Agreement.

Title Exception and “Title Exceptions” mean any deeds to secure debt, mortgages, deeds of trust, liens, financing statements, security interests, easements, leases, rental agreements, licenses, restrictive covenants, agreements, options, claims, clouds, encroachments, rights, taxes, assessments, mechanics’ or materialmen’s liens (inchoate or perfected), liens for federal or state estate or inheritance taxes, and other encumbrances of any nature whatsoever, whether existing of record or otherwise, together with any and all matters of any kind or description, including, without limitation, matters of survey and any litigation or other proceedings affecting the Sellers and which affect title to the Real Property or the right, power, and authority of the Sellers to convey leasehold or fee simple marketable and insurable title to the Real Property to the Buyer in accordance with the terms of this Agreement.

Title Exception means any lien, declaration, easement, restrictive covenant or other instrument, charge, encumbrance or agreement affecting title to the Subject Property or any portion thereof.

Title Exception means those exceptions to coverage listed on Schedule B-II of the Title Policy, other than the standard printed exceptions contained therein.