Common use of Endorsement to Title Policy Clause in Contracts

Endorsement to Title Policy. At such times as the Agent shall reasonably determine in its commercially reasonable discretion, to the extent available under applicable law, a “date down” endorsement to each Title Policy indicating no material change in the state of title and containing no survey exceptions not approved by the Agent, which endorsement shall, expressly or by virtue of a proper “pending disbursements” clause or endorsement in the Title Policy, increase the coverage of the Title Policy to the aggregate amount of all Loans advanced and outstanding on or before the effective date of such endorsement, or if such endorsement is not available, such other evidence and assurances as the Agent may reasonably require (which evidence may include, without limitation, a “nothing further” letter or statement from Borrower stating that there have been no material changes in title from the date of the last effective date of the Title Policy).

Endorsement to Title Policy. At such times as the Agent shall reasonably determine in its commercially reasonable discretion, to the extent available under applicable law, a “"date down” " endorsement to each Title Policy indicating no material change in the state of title and containing no survey exceptions not approved by the Agent, which endorsement shall, expressly or by virtue of a proper “"pending disbursements” " clause or endorsement in the Title Policy, increase the coverage of the Title Policy to the aggregate amount of all Loans advanced and outstanding on or before the effective date of such endorsement, or if such endorsement is not available, such other evidence and assurances as the Agent may reasonably require (which evidence may include, without limitation, a “"nothing further” " letter or statement from Borrower the Borrowers stating that there have been no material changes in title from the date of the last effective date of the Title Policy).

Endorsement to Title Policy. At such times as the Agent shall reasonably determine in its commercially reasonable discretion, to the extent available under applicable law, a “"date down” " endorsement to each Title Policy indicating no material change in the state of title and containing no survey exceptions not approved by the AgentMajority Banks, which endorsement shall, expressly or by virtue of a proper “pending disbursements” "revolving credit" clause or endorsement in the Title Policy, increase the coverage of the Title Policy to the aggregate amount of all Loans advanced and outstanding and all Letters of Credit issued and outstanding on or before the effective date of such endorsement, or if such endorsement is not available, such other evidence and assurances as the Agent may reasonably require (which evidence may include, without limitation, a “nothing further” letter or statement an affidavit from the Borrower stating that there have been no material changes in title from the date of the last effective date of the Title Policy).

Endorsement to Title Policy. At such times as the Agent shall reasonably determine in its commercially reasonable discretion, to the extent available under applicable law, a “"date down” " endorsement to each Title Policy indicating no material change in the state of title and containing no survey exceptions not approved by the Agent, which endorsement shall, expressly or by virtue of a proper “pending disbursements” "revolving credit" clause or endorsement in the Title Policy, increase the coverage of the Title Policy to the aggregate amount of all Loans advanced and outstanding on or before the effective date of such endorsement, or if such endorsement is not available, such other evidence and assurances as the Agent may reasonably require (which evidence may include, without limitation, a “"nothing further” " letter or statement from Borrower the Borrowers stating that there have been no material changes in title from the date of the last effective date of the Title Policy).