Title Update. Borrower will furnish to Lender, as and when reasonably requested by Lender, a certificate issued by the Title Company reflecting such changes in title to the Premises as have occurred since the date of issuance of the Title Insurance Policy or binder.
Title Update. Upon SPV's or TFC's written request, updated Title searches with respect to the property subject to the Timeshare Mortgages and any related affidavit, in form and content sufficient to permit the Title Insurance Company to delete any exception for parties in possession, matters of survey, mechanics' or materialmen's liens, the gap and taxes and assessments which are due and payable;
Title Update. The Agent shall have received a notice of title continuation or, as to any title insurance policy issued, an endorsement to the title insurance policy theretofore delivered, indicating that since the last preceding advance, there has been no change in the status of title and no other exceptions not theretofore approved by the Agent, which endorsement shall have the effect of advancing the effective date of the policy to the date of the advance then being made and increasing the coverage of the policy by an amount equal to the advance then being made if the policy does not by its terms provide for such an increase.
Title Update. If, prior to Closing, the Title Company updates the Title Commitment (the “Title Update”) and such Title Update discloses matters not reflected in the Title Evidence (“New Exceptions”), Buyer may object to the New Exceptions to the extent the same are not Permitted Encumbrances if such New Exceptions materially adversely affect the use of the Property or materially detract from the value of the Property within five (5) days following the date of receipt by Buyer of the Title Update. If Buyer does not so object within such 5-day period, then such New Exceptions shall be deemed waived by Buyer. If any New Exception is so objected to by Buyer within such 5-day period (the “Objections”), then Seller shall use reasonable efforts to cure the Objections within ten (10) days after its receipt of the Objections, which cure may include causing the Title Company to provide affirmative coverage to Buyer. If any Objection is not cured within such 10-day period, then Buyer may provide written notice to Seller of its intent to terminate this Agreement or to waive any uncured Objections and proceed to Closing. Seller shall have no obligation to cure. Pending such cure, the Closing will be postponed as necessary to accommodate such time period. Notwithstanding anything to the contrary in this Section 3.1.3, all New Exceptions that are judgment liens, mechanics liens and mortgages arising through Seller shall automatically be deemed to be objected to by Buyer as "Objections" that may not be cured by Seller causing the Title Company to provide affirmative coverage to Buyer.
Title Update. Mall LLC has concurrently herewith provided GMAC with a date down endorsement to its title policy, which update shows only exceptions to title permitted by the Loan Documents or otherwise reasonably acceptable to GMAC.
Title Update. If required by Lender, Lender shall have received the title insurance policies excepting from coverage only the permitted exceptions and adding affirmative protection for those matters requested by Lender and shall have received before each and every disbursement (other than a disbursement solely for interest) subsequent to the initial disbursement endorsements (Form 107.3) as requested by Lender to the title policy indicating that since the preceding Advance, there has been no change in the status of title and no other exceptions not theretofore approved by Lender. No Material Adverse Event shall have occurred affecting title to the Real Property.
Title Update. 5.3.1 SALE, PURCHASE AND ESCROW AGREEMENT This AGREEMENT, dated as of February ___, 2006, is made by and between METROPOLITAN LIFE INSURANCE COMPANY, a New York corporation (on behalf of a commingled separate account) ("SELLER"), and HARVARD PROPERTY TRUST, LLC, a Delaware limited liability company (d/b/a Behringer Harvard Funds) ("PURCHASER") and constitutes (i) a contract of sale and purchase between the parties and (II) an escrow agreement among Seller, Purchaser and CHICAGO TITLE INSURANCE COMPANY ("ESCROW AGENT"), the consent of which appears at the end hereof.
Title Update. VCR has concurrently herewith provided GMAC with a date down endorsement to its title policy which update shows only exceptions to title permitted by the Loan Documents or otherwise reasonably acceptable to GMAC.
Title Update. The Lessee shall provide to the Lessor and the ------------ Administrative Agent an update to the policy provided pursuant to Section 6.1(m) -------------- to the extent such policy does not provide coverage for the full amount of proposed Construction Costs reflected in the Improvements Budget which shall be in form and substance acceptable to the Lessor and the Administrative Agent.
Title Update. The Lessee shall, on or prior to the Completion Date, obtain from the Title Company an updated title report, addressed to the Participants, in form and substance reasonably satisfactory to the Lessor.
