Additional Mortgage Policy has the meaning assigned to that term in subsection 6.9B.
Additional Mortgage Policy shall have the meaning set forth in Section 5.11(a).
Additional Mortgage Policy has the meaning assigned to that term in subsection 6.9B(iv).
More Definitions of Additional Mortgage Policy
Additional Mortgage Policy means an ALTA mortgagee title insurance policy issued by the Title Company in favor of Administrative Agent, for the benefit of the Lenders, with respect to an Additional Mortgaged Property, in an amount not less than the amount reasonably required by Administrative Agent and, at any time when there are one or two Lender Groups, the Requisite Lenders, insuring Administrative Agent that the relevant Loan Party has fee simple title to, or a valid leasehold interest in, such Additional Mortgaged Property and further insuring Administrative Agent that the applicable Additional Mortgage creates a valid and enforceable First Priority mortgage Lien on the Additional Mortgaged Property encumbered thereby, subject only to a standard survey exception, any Permitted Encumbrances and any matters of record relating to such Additional Mortgaged Property approved by Administrative Agent (such approval not to be unreasonably withheld, delayed or conditioned), which Additional Mortgage Policy (i) shall include an endorsement for mechanics’ liens, for future advances under this Agreement or the deletion of the standard mechanics’ lien exception and for any other matters reasonably requested by Administrative Agent, provided that such endorsements are available at a reasonable (as determined by Administrative Agent) cost in the jurisdiction in which the applicable Additional Mortgaged Property is located and (ii) shall provide for affirmative insurance and such reinsurance as Administrative Agent may reasonably request, all of the foregoing in form and substance reasonably satisfactory to Administrative Agent.
Additional Mortgage Policy has the meaning specified in Section -------------------------- ------- 6.13
Additional Mortgage Policy has the meaning specified in SECTION 7.10(C).
Additional Mortgage Policy means an ALTA mortgagee title insurance policy issued by the Title Company with respect to an Additional Mortgaged Property, in amounts not less than the respective amounts designated therein with respect to any particular Additional Mortgaged Property, insuring fee simple title to, or a valid leasehold interest in, such Additional Mortgaged Property vested in the relevant Loan Party and assuring Administrative Agent that the applicable Additional Mortgage creates a valid and enforceable First Priority mortgage Lien on the Additional Mortgaged Property encumbered thereby, subject only to a standard survey exception, any Permitted Encumbrances and any matters of record relating to such Additional Mortgaged Property approved by Administrative Agent, which Additional Mortgage Policy (i) shall include an endorsement for mechanics’ liens, for future advances under this Agreement or the deletion of the standard mechanics’ lien exception and for any other matters reasonably requested by Administrative Agent, provided that such endorsements are available at a reasonable cost in the jurisdiction in which the applicable Additional Mortgaged Property is located and (ii) shall provide for affirmative insurance and such reinsurance as Administrative Agent may reasonably request, all of the foregoing in form and substance reasonably satisfactory to Administrative Agent.