Common use of Title Insurance Company Clause in Contracts

Title Insurance Company. A nationally recognized title insurance company and/or any other title insurance company or companies approved by the Agent in its sole discretion. TITLE POLICY. With respect to each parcel of Mortgaged Property, an ALTA standard form title insurance policy (or, if such form is not available, an equivalent, legally promulgated form of mortgagee title insurance policy reasonably acceptable to the Agent) issued by a Title Insurance Company (with such reinsurance as the Agent may reasonably require, any such reinsurance to be with direct access endorsements to the extent available under applicable law) in an amount as the Agent may reasonably require insuring the priority of the Mortgage thereon and that the Guarantor holds marketable fee simple title to or a valid and subsisting leasehold interest in such parcel, subject only to the encumbrances acceptable to Agent in its reasonable discretion and which shall not contain standard exceptions for mechanics liens, persons in occupancy (other than Tenants as tenants only under Leases) or matters which would be shown by a survey, shall not insure over any matter except to the extent that any such affirmative insurance is acceptable to the Agent in its reasonable discretion, and shall contain (a) a revolving credit endorsement and (b) such other endorsements and affirmative insurance as the Agent may reasonably require and is available in the State in which the Real Estate is located, including but not limited to (i) a comprehensive endorsement, (ii) a variable rate of interest endorsement, (iii) a usury endorsement, (iv) a doing business endorsement, (v) an ALTA form 3.1 zoning endorsement (in States where same is available from the Title Insurance Company without an opinion of counsel concerning such matters and where other evidence of zoning compliance has not been delivered to the Agent in the Agent's good faith business judgment), (vi) a "tie-in" endorsement relating to all Title Policies issued by such Title Insurance Company in respect of other Mortgaged Property and (vii) a "first loss" endorsement.

Title Insurance Company. A nationally recognized title insurance company and/or any other Commonwealth Land Title Insurance Company or another title insurance company or companies reasonably approved by the Agent in its sole discretionAgent. TITLE POLICYTitle Policy. With respect to each parcel of Mortgaged Property, an ALTA standard form title insurance policy (or, if such form is not available, an equivalent, equivalent form of or legally promulgated form of mortgagee title insurance policy reasonably acceptable to the Agent) issued by a Title Insurance Company (with such reinsurance or co-insurance as the Agent may reasonably require, any such reinsurance to be with direct access endorsements to the extent available under applicable law) in an such amount as the Agent may reasonably require insuring the priority of the Mortgage thereon Security Deeds and that the Guarantor Borrower holds marketable fee simple title (or good and indefeasible fee simple title to or a valid and subsisting leasehold interest any Real Estate in the State of Texas) to such parcel, subject only to the encumbrances acceptable to Agent in its reasonable discretion permitted by the Security Deed and which shall not contain standard exceptions for mechanics liens, persons in occupancy (other than Tenants tenants as tenants only under Leases) or matters which would be shown by a survey, shall not insure over any matter except to the extent that any such affirmative insurance is acceptable to the Agent in its reasonable sole discretion, and shall contain (a) a revolving credit endorsement and (b) such other endorsements and affirmative insurance as the Agent reasonably may reasonably require and is available in the State in which the Real Estate is located, including but not limited to (i) a comprehensive endorsement, (ii) a variable rate of interest endorsement, (iii) a usury endorsement, (iv) a doing business endorsement, (v) in States where available, an ALTA form 3.1 zoning endorsement (in States where same is available from the Title Insurance Company without an opinion of counsel concerning such matters and where other evidence of zoning compliance has not been delivered to the Agent in the Agent's good faith business judgment)endorsement, (vi) a "tie-in" endorsement relating to all Title Policies issued by such Title Insurance Company in respect of other Mortgaged Property and (vii) a "first loss" endorsement.

Title Insurance Company. A nationally recognized title insurance company and/or any other title insurance company or companies approved by the Agent in its sole discretion. TITLE POLICY. With respect to each parcel of Mortgaged Property, an ALTA standard form title insurance policy (or, if such form is not available, an equivalent, legally promulgated form of mortgagee title insurance policy reasonably acceptable to the Agent) issued by a Title Insurance Company (with such reinsurance as the Agent may reasonably require, any such reinsurance to be with direct access endorsements to the extent available under applicable law) in an amount as the Agent may reasonably require insuring the priority of the Mortgage thereon and that the Guarantor Borrower or a Guarantor, as applicable, holds marketable fee simple title to or a valid and subsisting leasehold interest in such parcel, subject only to the encumbrances acceptable to Agent in its reasonable discretion and which shall not contain standard exceptions for mechanics liens, persons in occupancy (other than Tenants as tenants only under Leases) or matters which would be shown by a survey, shall not insure over any matter except to the extent that any such affirmative insurance is acceptable to the Agent in its reasonable discretion, and shall contain (a) a revolving credit endorsement and (b) such other endorsements and affirmative insurance as the Agent may reasonably require and is available in the State in which the Real Estate is located, including but not limited to (i) a comprehensive endorsement, (ii) a variable rate of interest endorsement, (iii) a usury endorsement, (iv) a doing business endorsement, (v) an ALTA form 3.1 zoning endorsement (in States where same is available from the Title Insurance Company without an opinion of counsel concerning such matters and where other evidence of zoning compliance has not been delivered to the Agent in the Agent's good faith business judgment), (vi) a "tie-in" endorsement relating to all Title Policies issued by such Title Insurance Company in respect of other Mortgaged Property and (vii) a "first loss" endorsement.

Title Insurance Company. A nationally recognized title insurance company and/or any other Commonwealth Land Title Insurance Company or another title insurance company or companies approved by the Agent in its sole discretionAgent. TITLE POLICYTitle Policy. With respect to each parcel of Mortgaged Property, an ALTA standard form title insurance policy (or, if such form is not available, an equivalent, equivalent form of or legally promulgated form of mortgagee title insurance policy reasonably acceptable to the Agent) issued by a Title Insurance Company (with such reinsurance or coinsurance as the Agent may reasonably require, any such reinsurance to be with direct access endorsements to the extent available under applicable law) in an such amount as the Agent may reasonably require insuring the priority of the Mortgage thereon Security Deeds and that the Guarantor Borrower or an Approved Subsidiary holds marketable fee simple title to or a valid and subsisting leasehold interest in such parcel, subject only to the encumbrances acceptable to Agent in its reasonable discretion permitted by the Security Deed and which shall not contain standard exceptions for mechanics liens, persons in occupancy (other than Tenants tenants as tenants only under Leases) or matters which would be shown by a survey, shall not insure over any matter except to the extent that any such affirmative insurance is acceptable to the Agent in its reasonable discretion, their sole discretion and shall contain (a) a revolving credit endorsement and (b) such other endorsements and affirmative insurance as the Agent reasonably may reasonably require and is available in the State in which the Real Estate is located, including but not limited to (i) a comprehensive endorsement, (ii) a variable rate of interest endorsement, (iii) a usury endorsement, (iv) a doing business endorsement, (v) in States where available, an ALTA form 3.1 zoning endorsement (in States where same is available from the Title Insurance Company without an opinion of counsel concerning such matters and where other evidence of zoning compliance has not been delivered to the Agent in the Agent's good faith business judgment)endorsement, (vi) a "tie-in" endorsement relating to all Title Policies issued by such Title Insurance Company in respect of other Mortgaged Property and (vii) a "first loss" endorsement; provided, however, that with respect to Special Real Estate, the "Title Policy" shall be an owner's policy of title insurance, in a form satisfactory to the Agent, containing only exceptions satisfactory to the Agent, supplemented by a current "date down" or "nothing further" certificate (or if such endorsement or certificate is not available a current mortgagee's title commitment in favor of the Agent) provided by an issuer satisfactory to the Agent, evidencing the state of title to the Special Real Estate, as of a date not earlier than thirty (30) days prior to delivery thereof to the Agent or such later date as may be required by any other provision hereof (it being acknowledged that a Title Policy relating to Special Real Estate shall not be considered in full force and effect if such a current satisfactory supplement has not been delivered within a period of one year).

Title Insurance Company. A nationally recognized Xxxxxxx Title Guaranty Company or such other title ----------------------- insurance company and/or any other title insurance company or companies approved by which is acceptable to the Agent in its sole discretionAgent. TITLE POLICYTitle Policy. With respect In relation to each parcel of Mortgaged Property, an ALTA (or state ------------ regulated form in Texas and other states where ALTA policies are not available) standard form mortgagee's policy of title insurance policy (or, if such form is not available, an equivalent, legally promulgated form of mortgagee title insurance policy reasonably acceptable to the Agent) issued by a the Title Insurance Company (with in such reinsurance as the Agent may reasonably require, any such reinsurance to be with direct access endorsements to the extent available under applicable law) in an amount as may be determined by the Agent may reasonably require Agent, but not in excess of the fair market value of such Mortgaged Property as determined by the most recent appraisal of such Mortgaged Property, insuring the priority of the Mortgage thereon of such Mortgaged Property, and that the Guarantor Borrower or one of its Subsidiaries holds marketable fee simple title or leasehold title, as applicable, to or a valid and subsisting leasehold interest in such parcelMortgaged Property, subject only to the encumbrances acceptable to Agent in its reasonable discretion permitted by such Mortgage and which shall not contain standard exceptions for mechanics liens, persons in occupancy (other than Tenants as tenants only under Leasesrecorded or unrecorded leases) or matters which would be shown by a surveysurvey (except as may be permitted by such Mortgage), shall not insure over any matter except to the extent that any such affirmative insurance is acceptable to the Agent in its reasonable sole discretion, and shall contain (a) a revolving credit endorsement and (b) such other endorsements and affirmative insurance as the Agent in its reasonable discretion may reasonably require and is available in the State in which the Real Estate is locatedrequire, including but not limited to (ia) a comprehensive endorsement, (iib) a variable rate of interest endorsement, (iiic) a usury revolving credit endorsement, (ivd) a tie-in endorsement, (e) doing business endorsement, (vf) an ALTA form 3.1 zoning first loss endorsement and (g) gap endorsement (or in States Texas and any other state where same is available from the Title Insurance Company without an opinion of counsel concerning such matters and where other evidence of zoning compliance has ALTA policies are not been delivered available, similar endorsements to the Agent in the Agent's good faith business judgmentextent available), (vi) a "tie-in" endorsement relating to all Title Policies issued by such Title Insurance Company in respect of other Mortgaged Property and (vii) a "first loss" endorsement.