Permitted Exceptions

Permitted Exceptions. Means with respect to any Real Estate, (a) statutory liens for taxes and special assessments not yet delinquent, (b) covenants, conditions and restrictions, rights of way, easements and other matters of public record that do not materially interfere with the current use of such Asset, (c) any and all provisions of any ordinance, municipal regulation or public law, and (d) other matters to which like properties commonly are subject which do not, individually or in the aggregate, materially... interfere with the current use of such Asset. View More

Permitted Exceptions. Shall mean those items described on Exhibit B attached hereto and those items approved in writing by Buyer during its Inspection Period. 2

Permitted Exceptions. (i) The lien of taxes and assessments not yet due and payable and (ii) those matters of public record listed as special exceptions in the Lender's title insurance policy insuring the priority of the Security Instrument.

Permitted Exceptions. (1) current taxes and assessments not yet due and payable; (2) all matters in the PTR and any surveys delivered by Seller pursuant to Section 5.1.1 or obtained by Buyer or in any PTR supplements delivered to Buyer prior to the Contingency Time approved or deemed approved by Buyer pursuant to this Agreement; (3) the possessory rights of tenants; (4) any exception to title caused by Buyer or expressly approved in writing by Buyer; (5) any matters of record recorded prior to the effective date of... the PTR approved or deemed approved by Buyer pursuant to this Agreement; (6) any matters disclosed in any supplements or amendments to the PTR delivered to Buyer prior to the Contingency Time approved or deemed approved by Buyer pursuant to this Agreement; and (7) any matters which Buyer could have discovered on or before the Contingency Time by a physical inspection or proper survey. Notwithstanding anything to the contrary, Permitted Exceptions shall not include any Removed Exceptions. View More

Permitted Exceptions. (i) liens or encumbrances created by, through or under the Lender or any Person claiming by or through Lender, (ii) liens or encumbrances for taxes, assessments or other governmental charges either not yet due or being contested by Borrower or Lessee in accordance with the Loan Documents, or the Lease, (iii) inchoate materialmen's, mechanic's, workmen's, repairmen's or other like liens arising in the ordinary course of business and for amounts the payment of which is either not yet due or being... contested by Borrower or Lessee in good faith with due diligence by appropriate proceedings (and for the payment of which adequate reserves have been provided or for which performance or similar bond has been issued), if the nonpayment of such amount does not involve any material danger of sale, forfeiture or loss of any part of the Equipment, title thereto or any interest therein, and (iv) the Master Lease. View More

Permitted Exceptions. Those title matters to which the interest of Mortgagors in the Real Property is subject on the Loan Opening Date.

Permitted Exceptions. Shall mean (1) the title exceptions included in the Policy required to be delivered to Lender pursuant to Section 7(a) hereof, as the same may be endorsed from time to time with the consent of the Lender, (2) liens and security interests securing the Loan or the Senior Loan, (3) liens for taxes, assessments or other governmental charges or levies that are not then due or that are being contested in good faith and in accordance with applicable statutory procedures, (4) mechanic's liens against... the Project which are bonded off, released of record or otherwise remedied to Lender's reasonable satisfaction within 30 days of the date of creation, (5) Leases entered into on terms allowed by this Agreement and (6) other matters approved in writing by Lender. View More

Permitted Exceptions. The meaning given to such term in the Deed of Trust

Permitted Exceptions. Are the Existing Space Lease, the Quantum Space Leases, and those exceptions to title to the Property which are otherwise approved or deemed approved by Buyer in accordance with this Agreement, and shall specifically exclude the Existing Synthetic Lease.

Permitted Exceptions. Shall mean all of the following: (i) ad valorem real property taxes and assessments for the year of each Closing that are not yet payable and (ii) those additional matters agreed to by both Buyer and Seller during each Inspection Period, if any; provided, however, the following shall not be Permitted Exceptions: (i) any real estate taxes or assessments related to any period prior to each Closing unless such taxes are not yet payable, and (ii) any lien, mortgage, deed of trust or security... interest of any party on any of the Properties, all of which shall be removed or discharged by Seller at or prior to each Closing. View More