Existing Title Insurance Policy definition

Existing Title Insurance Policy means the ALTA Loan Policy of Title Insurance issued by the Title Insurance Company, as Policy No. G47-2406164, dated as of February 20, 2004, together with the endorsements which were issued concurrently therewith, with such policy and endorsements providing coverage in the aggregate amount of Fifty Million Dollars ($50,000,000.00), insuring the Existing Deed of Trust as a first priority mortgage lien encumbering the Real Property subject only to the exceptions shown therein.
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Existing Title Insurance Policy means that certain Owner's Policy of Title Insurance issued by Title Company for the benefit of Seller dated July 2, 2018.
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Existing Title Insurance Policy means that certain ALTA Lenders Policy of Title Insurance dated as of May 3, 2004 and issued to the Administrative Agent by First American Title Insurance Company under Policy Number 801-2107950-RB, pursuant to which the lien and priority of the Existing Last Chance Deed of Trust, the Existing Rail City Deed of Trust and the Existing Zante Deed of Trust were all insured in accordance with the terms and conditions set forth therein.
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Examples of Existing Title Insurance Policy in a sentence

  • Except as provided in the applicable Leases or as reflected in Owner’s Existing Title Insurance Policy, no Tenants or other parties shall have any possessory rights, options (including, as an example and without limitation, extension, early termination, cancellation or expansion), rights of first refusal or rights to purchase the Property.

  • Endorsements to the Existing Title Insurance Policy issued by the Existing Title Insurance Company, as determined by Lenders, in their sole and absolute discretion, and a new title insurance policy insuring the Additional Deed of Trust and the Second Deed of Trust containing coverage and in an amount determined by Agent Bank, in its sole and absolute discretion.


More Definitions of Existing Title Insurance Policy

Existing Title Insurance Policy means the ALTA Extended Coverage Lender's Policy of Title Insurance and endorsements issued in favor of Lenders by Existing Title Insurance Company in the amount of $23,609,516.00 insuring Lenders that, among other things: (i) the Deed of Trust is a first mortgage lien on the Hotel/Casino Property without exception as to the condition of title or priority other than the exceptions permitted to be shown as determined by Lenders, in their sole and absolute discretion; and (ii) the buildings and foundations on said Real Property do not encroach upon any easement or upon any property not owned by Borrower except as shown in said policy in exceptions approved by Lenders.
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Existing Title Insurance Policy or “Existing Title Insurance Policies” means, with respect to each Property, the most recent title insurance policy, commitment, or pro forma, whether owner’s or lender’s, if any, in the possession of any of the Acquired Companies or any of their Subsidiaries.
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Existing Title Insurance Policy means that certain Owner's Policy of Title Insurance issued by Title Company for the benefit of Seller dated July 2,
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Related to Existing Title Insurance Policy

  • Title Insurance Policy A title insurance policy maintained with respect to a Mortgage Loan.

  • Existing Title Policy means, the existing title insurance policy for the Property.

  • Title Insurance Policies means, with respect to each Individual Property, an ALTA mortgagee title insurance policy in a form acceptable to Lender (or, if an Individual Property is in a State which does not permit the issuance of such ALTA policy, such form as shall be permitted in such State and acceptable to Lender) issued with respect to such Individual Property and insuring the lien of the Mortgage encumbering such Individual Property.

  • Title Insurance An American Land Title Association (ALTA) mortgage loan title policy form 1970, or other form of Title Insurance Policy acceptable to FNMA or FHLMC, including all riders and endorsements thereto, insuring that the Security Instrument constitutes a valid first lien on the related Mortgaged Property subject only to permitted encumbrances.

  • Title Policy shall have the meaning set forth in Section 4.2.

  • Title Policies has the meaning set forth in Section 6.17.

  • Insurance Policy With respect to any Mortgage Loan included in the Trust Fund, any insurance policy, including all riders and endorsements thereto in effect, including any replacement policy or policies for any Insurance Policies.

  • Owner’s Title Policy means those certain ALTA extended coverage owner’s policies of title insurance issued in connection with the closing of the Mortgage Loan insuring the Mortgage Borrower as the owner of the Property.

  • Title insurance agent means an agent licensed in the Commonwealth to sell, solicit, or negotiate

  • Title Insurance Company means the company that has or will issue the title policies with respect to a Leased Property, which company shall be reasonably acceptable to the Funding Parties.

  • Title Insurer means Chicago Title Insurance Company.

  • Insurance Policies has the meaning set forth in Section 3.16.

  • R&W Insurance Policy means the representations and warranties insurance policy issued to Buyer in connection with the transactions contemplated hereby.

  • Environmental Insurance Policy With respect to any Mortgaged Property securing a Serviced Mortgage Loan or any Administered REO Property, any insurance policy covering pollution conditions and/or other environmental conditions that is maintained from time to time in respect of such Mortgaged Property or Administered REO Property, as the case may be, for the benefit of, among others, the Trustee on behalf of the Certificateholders.

  • Certificate Insurance Policy The Certificate Guaranty Insurance Policy No. AB1094BE, dated the Closing Date, including any endorsements thereto issued by the Certificate Insurer to the Trustee for the benefit of the Holders of the Insured Certificates, a form of which is attached as Exhibit L hereto.

  • Primary Mortgage Insurance Policy Any primary mortgage guaranty insurance policy issued in connection with a Mortgage Loan which provides compensation to a Mortgage Note holder in the event of default by the obligor under such Mortgage Note or the related Security Instrument, if any or any replacement policy therefor through the related Interest Accrual Period for such Class relating to a Distribution Date.

  • Mortgage Policy has the meaning specified in Section 4.01(a)(iv)(B).

  • Life Insurance Policy has the meaning given in Section 6.11.

  • Mortgage Policies has the meaning specified in Section 6.13(b)(ii).

  • Company Insurance Policies has the meaning set forth in Section 4.15.

  • Required Insurance Policy With respect to any Mortgage Loan, any insurance policy that is required to be maintained from time to time under this Agreement.

  • Hazard Insurance Policy means, with respect to each Contract, the policy of fire and extended coverage insurance (and federal flood insurance, if the Manufactured Home is secured by an FHA/VA Contract and such Manufactured Home is located in a federally designated special flood area) required to be maintained for the related Manufactured Home, as provided in Section 5.09, and which, as provided in said Section 5.09, may be a blanket mortgage impairment policy maintained by the Servicer in accordance with the terms and conditions of said Section 5.09.

  • Blanket insurance policy means a group policy covering a defined class of

  • Bond Insurance Policy means the municipal bond insurance policy, if any, issued by the Bond Insurer that guarantees payment of principal of and interest on the Bonds and constitutes a Bond Facility under the Indenture.

  • Existing Mortgage has the meaning specified in Section 5.02(a)(vi).

  • Mortgage Impairment Insurance Policy A mortgage impairment or blanket hazard insurance policy as described in Section 4.11.