Common use of Title Insurance Policies Clause in Contracts

Title Insurance Policies. The Company will deliver to the Administrative Agent with respect to each Mortgaged Property, a date down endorsement to each existing mortgagee title insurance policy or, if not available, a new Title Policy, disclosing no additional liens or title exceptions against the Mortgaged Properties other than Permitted Liens, extending the date of such mortgagee’s title insurance policy to the date of recordation of such Mortgage Amendment, and shall otherwise be in form and substance reasonably acceptable to the Administrative Agent;