Common use of Endorsement to Title Policy Clause in Contracts

Endorsement to Title Policy. A "date down" endorsement to the Title Policies indicating no change in the state of title and containing no exceptions not approved by the Lenders, which endorsement shall, expressly or by virtue of a proper "pending disbursements" clause or endorsement in the Title Policies, increase the coverage of the Title Policies to the aggregate amount of all proceeds of the Loan advanced on or before the effective date of such endorsement; provided, that only one such endorsement per calendar quarter shall be required.

Endorsement to Title Policy. A "date down" endorsement to the Title Policies Policy indicating no change in the state of title and containing no survey exceptions not approved by the LendersLender, which endorsement shall, expressly or by virtue of a proper "pending disbursements" clause or of endorsement in the Title PoliciesPolicy, increase the coverage of the Title Policies Policy to the aggregate amount of all proceeds of the Construction Loan advanced on or before the effective date of such endorsement; provided, and prior to the final advance, an endorsement which confirms that only one such endorsement per calendar quarter shall be requiredthe Project is located as set forth in the “as built” survey.

Endorsement to Title Policy. A "“date down" ” endorsement to the Title Policies indicating no change in the state of title and containing no exceptions not approved by the Lenders, which endorsement shall, expressly or by virtue of a proper "“pending disbursements" ” clause or endorsement in the Title Policies, increase the coverage of the Title Policies to the aggregate amount of all proceeds of the Loan advanced on or before the effective date of such endorsement; provided, that only one such endorsement per calendar quarter shall be required.

Endorsement to Title Policy. A "“date down" ” endorsement to the Title Policies Policy indicating no change in the state of title and containing no survey exceptions not approved by the LendersLender, which endorsement shall, expressly or by virtue of a proper "“pending disbursements" ” clause or of endorsement in the Title PoliciesPolicy, increase the coverage of the Title Policies Policy to the aggregate amount of all proceeds of the Construction Loan advanced on or before the effective date of such endorsement; provided, and prior to the final advance, an endorsement which confirms that only one such endorsement per calendar quarter shall be requiredthe Project is located as set forth in the “as built” survey.