Loan Title Policy means the title insurance policy (i) naming Lender as the insured, (ii) in the amount of the Loan, (iii) in form (including endorsements), date and substance, and written by a title insurance underwriter, satisfactory to Lender, (iv) insuring a valid first lien upon the Property by virtue of the Security Instrument, and (v) containing no exceptions other than the Permitted Encumbrances and those otherwise acceptable to Lender.
Loan Title Policy. The title insurance policy issued by Charter Title Company, on behalf of First American Title Insurance Company, in favor of Administrative Agent on or about the date hereof insuring the Lien of the Security Instrument.
Loan Title Policy. The ALTA Extended Coverage Loan Policy of Title Insurance (2006 Form) issued by the Title Company with a liability limit equal to the Loan Amount, together with such endorsements and policies of coinsurance and reinsurance as may be required by Lender,
Examples of Loan Title Policy in a sentence
On or before the Effective Date, Borrower shall furnish to Lender, at Borrower’s expense, the Loan Title Policy.
If the Loan Title Policy becomes invalid, or the insurer becomes insolvent or is placed in receivership, then Borrower shall, within 30 days after Lender’s demand, furnish to Lender, at Borrower’s expense, a substitute Loan Title Policy.
More Definitions of Loan Title Policy
Loan Title Policy has the meaning set forth in Section 2.6(b).