Title Policy Endorsements. If required by Lender, Borrower shall provide (i) such continuation endorsements and date down endorsements to the Title Policies, in form and substance satisfactory to Lender, as Lender determines necessary to insure the priority of the Deeds of Trust as valid first liens on the Collateral; or (ii) an unconditional and irrevocable written commitment by the Title Company to issue such endorsements. Borrower agrees to furnish to the Title Company such surveys and other documents and information as Lender or the Title Company may require for the Title Company to issue such endorsements.
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Samples: Borrowing Base Revolving Line of Credit Agreement (William Lyon Homes), Borrowing Base Revolving Line of Credit Agreement (William Lyon Homes)
Title Policy Endorsements. If required by Lender, Borrower shall provide (i) such continuation endorsements and date down endorsements to the Title Policies, in form and substance satisfactory to Lender, as Lender determines necessary to insure the priority of the Deeds Deed of Trust as a valid first liens priority lien on the REO Collateral; or (ii) an unconditional and irrevocable written commitment by the Title Company to issue such endorsements. Borrower agrees to furnish to the Title Company such surveys and other documents and information as Lender or the Title Company may require for the Title Company to issue such endorsements.
Appears in 1 contract
Samples: Secured Revolving Credit Loan Agreement (Owens Realty Mortgage, Inc.)
Title Policy Endorsements. If required by LenderBank, Borrower shall provide (i) such continuation endorsements and date down endorsements to the Title Policies, in form and substance satisfactory to LenderBank in its absolute and sole discretion, as Lender Bank determines necessary to insure the priority of the Deeds of Trust as valid first liens on the Collateral; or (ii) an unconditional and irrevocable written commitment by the Title Company to issue such endorsements. Borrower agrees to furnish to the Title Company such surveys and other documents and information as Lender Bank or the Title Company may require for the Title Company to issue such endorsements.
Appears in 1 contract
Samples: Borrowing Base Revolving Line of Credit Agreement (William Lyon Homes)
Title Policy Endorsements. If required by Lenderthe Lender in its reasonable discretion, Borrower shall provide will have provided (i) such continuation endorsements and date down endorsements to the Title Policies, in form and substance satisfactory to Lenderthe Lender in its absolute and sole discretion, as the Lender determines necessary to insure the priority of the Deeds of Trust as valid first liens on the Collateral; or (ii) an unconditional and irrevocable written commitment by the Title Company to issue such endorsements. Borrower agrees to furnish to the Title Company such surveys and other documents and information as the Lender or the Title Company may require for the Title Company to issue such endorsements.
Appears in 1 contract
Samples: Master Revolving Line of Credit Loan Agreement (Crescent Operating Inc)