Title to the Project. The Borrower has fee title to the Project free and clear of any lien or encumbrance except for (i) liens for nondelinquent assessments and taxes not yet due or which are being contested in good faith by appropriate proceedings; (ii) the Regulatory Agreement; (iii) the Deed of Trust; and (iv) Permitted Encumbrances. On or prior to the closing date as required by Section 6.20, the Borrower shall cause to be delivered to the Trustee and the Authority one or more ALTA title policies, insuring the lien interests of the Authority and the Trustee as the insureds, as their respective interests may appear under the Deed of Trust.
Appears in 9 contracts
Samples: Loan Agreement, Loan Agreement, Loan Agreement
