Zoning Endorsement. There are two different types of zoning endorsements. The first type is desirable where it is contemplated that improvements will be made to the subject property. The zoning of the subject property is stated in the ITG Certificate, a list of permitted uses is provided, and protection is given against losses resulting from a determination that the insured is unable to use the subject property pursuant to the listed zoning or uses. The second type of zoning endorsement, called the Completed Structure endorsement, protects against losses suffered as a result of a court order or judgment that the improvements, present on the property at the time of the transaction, are in violation of local zoning law.
Zoning Endorsement. If the Title Commitment discloses any exceptions to title other than the Permitted Exceptions and the Abatement Exceptions, and if Seller for any reason cannot have such other exceptions waived or insured over (provided, that if such exceptions can be waived or insured over they shall be deemed to be "Abatement Exceptions") Purchaser, at its option may elect' by notifying Seller within ten (10) days after receipt of the Title Commitment, the aforesaid title documents and the Survey referred to in subparagraph (b) below, to terminate this Contract in which event the Earnxxx Xxxey shall be returned to Purchaser and neither party shall have any further liability to the other. If no such notice is given, this Contract shall remain in full force and effect and any such other exceptions shown in the Title.Commitment shall be deemed to be among the "Permitted Exceptions" except that Seller shall, subject to the provisions of subparagraph (d) below, at its sole cost, cause the Abatement Exceptions to be removed or insured over prior to or at the Closing. Seller shall, at its sole cost,
Zoning Endorsement. (ii) a report from a zoning consultant reasonably satisfactory to the Lender stating that the Property is in compliance with the zoning requirements, or (iii) a letter from the zoning board, or other equivalent body, of the applicable jurisdiction confirming that the Property is in compliance with zoning requirements
Zoning Endorsement. (with express -------------- parking coverage).
Zoning Endorsement. Because of the alleged Zoning Violations, Endorsement Form 123.2 (Zoning) will not be a Scheduled Endorsement to the Title Policy insuring the Xxxxx Xxxxxx College Tract; provided, that upon the City's issuance of the Compliance Letter, Buyer may request such zoning endorsement from the Title Company. If the Title Company issues the zoning endorsement to Buyer, the Selling Parties will reimburse Buyer for the cost of such endorsement (based on the premium in effect as of the Close of Escrow).
Zoning Endorsement. Purchaser shall have obtained, at Purchaser’s expense, an ALTA Zoning 3.1 endorsement in form and substance reasonably acceptable to Purchaser. In the event that any of the Purchaser’s Conditions Precedent are not satisfied prior to the Closing, Purchaser, in its sole discretion, may terminate this Agreement by written notice to Seller prior to the Closing Date, in which event, except as set forth below, the Xxxxxxx Money shall be promptly returned to Purchaser and neither party shall have any further liability to the other except as specifically set forth in this Agreement.
Zoning Endorsement. Total Commitment. The sum of the Tranche A Commitment Amount plus, until the Tranche C Conversion Date, the Tranche C Commitment Amount. Total Funded Debt. At any time of determination, the sum of (a) the outstanding principal amount of the Loans and other Obligations due and payable, plus (b) the outstanding principal amount of any other Indebtedness for borrowed money owed by HoldCo, the Borrower or any of its Subsidiaries (other than Excluded Subsidiaries) on a consolidated basis (including, without limitation, the outstanding principal amount of all Indebtedness permitted under Section 10.1(k) hereof), plus (c) to the extent not otherwise included, all obligations (contingent or otherwise) relating to letters of credit issued for the account of the Borrower and/or its Subsidiaries, other than Excluded Subsidiaries, plus (d) to the extent not otherwise included, all liabilities in respect of Capitalized Leases of the Borrower and/or its Subsidiaries, other than Excluded Subsidiaries, on a consolidated basis, plus (e) to the extent not otherwise included, all purchase money indebtedness, other than the SF Broadcasting Seller Note.
Zoning Endorsement. The Jordan Company, a New York general partnership.
Zoning Endorsement. Lender shall have received a zoning ------------------ endorsement satisfactory to Lender with respect to each Facility delivered by the Title Company, provided the Title Company insures that such post-closing delivery will -------- not affect the title insurance provided at Closing, including without limitation altering the priority of Lender's lien.
