Title Insurance Policies. The Title Company shall be committed to issue a standard form ALTA Lender's Title Insurance Policy to the City in the amount of the City Loan insuring the City Deed of Trust as a second lien on the Leasehold on the Property, subordinate to the lien of any Senior Loan.
Appears in 4 contracts
Samples: Owner Participation Agreement, Disposition and Development Agreement, Disposition and Development Agreement
Title Insurance Policies. The Title Company shall be committed to issue a standard form ALTA Lender's Title Insurance Policy to the City in the amount of the City Agency Loan insuring the City Agency Deed of Trust as a second lien on the Leasehold on the Property, subordinate to the lien of any Senior Loan.
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