New Title Policy definition

New Title Policy shall have the meaning set forth in Section 2.10.
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New Title Policy. If applicable, date-down endorsements of the Company’s existing title insurance policy, as set forth on Exhibit D hereto, dated on or about the Closing Date or an ALTA Owner’s Title Insurance Policy Form B-1970 issued by Title Insurer on or about the date of Closing Date in the amount set forth on Exhibit C hereto, insuring the Company as the owner of fee title to the Real Property, subject to the Permitted Title Exceptions, and with such endorsements thereto as the Partnership may require, including a non-imputation endorsement waiving any limitation on coverage due to the knowledge of the Company, Contributor and their respective affiliates prior to the Closing Date.
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New Title Policy or "New Title Policies" shall have the meanings set forth in Section 4.2.
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Examples of New Title Policy in a sentence

  • If Acquiror shall fail to deliver any written notice to Seller contemplated by this Section 2.10 with respect to any Real Property Asset on or before the Due Diligence Expiration Date, Acquiror shall be deemed to have waived its right to request a New Title Policy or New Survey with respect to such Real Property Asset.

  • The Title Company shall have issued or committed to issue the New Title Policy pursuant to Section 5.2(d) subject only to the Permitted Exceptions.

  • For the avoidance of doubt, all costs and expenses of obtaining the New Title Policy shall be borne by Parent.

  • On the Closing Date, Contributor shall cause the Title Insurer to issue the New Title Policy.

  • Within five (5) Business Days following receipt of Purchaser’s Title Objection Notice, Seller may deliver to Purchaser Seller’s written notice (“Seller’s Response Notice”) setting forth which (if any) of the Title Defects Seller is willing to cure or otherwise cause to be removed as exceptions in the New Title Policy (the “Seller’s Initial Cure Items”).

  • Seller Premiums for any upgrades for extended or additional coverages for the New Title Policy and any endorsements desired by Purchaser (other than premiums, if any, charged for endorsements required for Seller Cure Items).

  • Company hereby agrees that Seller may cure any matter that is not a Permitted Exception by causing the Title Company to remove such exception in the applicable New Title Policy or to affirmatively insure over such matter, provided that such affirmative insurance shall be satisfactory to Company and, if applicable, any New Mortgage Lender.

  • Seller Base premiums for the New Title Policy pursuant to Section 5.2(g) (but excluding premiums for any upgrades for extended or additional coverages and any endorsements desired by Purchaser, other than premiums, if any charged for endorsements required for Seller Cure Items).

  • If applicable, on the Closing Date, Contributor shall cause the Title Insurer to issue the New Title Policy.

  • Prior to the Closing, the Company shall reasonably cooperate with Parent’s efforts to cause the title insurance company or companies that issued the Existing Title Policies to issue, at Parent’s sole cost and expense, a New Title Policy, to the extent such coverage is available in the applicable jurisdiction.


More Definitions of New Title Policy

New Title Policy means, with respect to the Asset, a 1970-ALTA Extended Coverage Owner Policy of Title Insurance with such endorsements as may be requested by Purchaser and agreed to in writing by Title Company prior to the expiration of the Inspection Period, insuring Purchaser’s title to the Asset in the amount of the Purchase Price, subject only to the Permitted Exceptions.
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New Title Policy has the meaning specified in Section 5.10.
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New Title Policy means, with respect to the Asset and/or the Omni Austin, a standard form Texas Owner Policy of Title Insurance with such endorsements as may be requested by Purchaser and agreed to in writing by Title Company prior to the expiration of the Inspection Period, insuring Purchaser’s title to the Asset in the amount of the Purchase Price, subject only to the Permitted Exceptions.
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New Title Policy means, with respect to the Denver Marriott, the Park Hyatt Beaver Creek and the Ventana Inn & Spa, a 1970-ALTA Extended Coverage Owner Policy of Title Insurance with such endorsements as may be requested by Purchaser and agreed to in writing by Title Company prior to the expiration of the Inspection Period, and for the Omni Austin, a standard form Texas Owner Policy of Title Insurance with such endorsements as may be requested by Purchaser and agreed to in writing by Title Company prior to the expiration of the Inspection Period, insuring Purchaser’s title to such Asset in the amount of the Allocated Purchase Price for such Asset as set forth in Exhibit F attached hereto, subject only to the Permitted Exceptions.
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New Title Policy has the meaning ascribed to such term in Section 5.19.
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New Title Policy means an ALTA Owner Policy of Title Insurance or other customary title policy or “date-down” endorsement to an Existing Policy with respect to the applicable Real Property issued by a title insurance company selected by Buyer, in the amount of the fair market value of the applicable Real Property, insuring that the applicable owner has good and insurable fee simple title to, or holds a valid leasehold interest in, such Real Property, subject to no Encumbrances other than the Permitted Encumbrances, containing such endorsements as shall be reasonably requested by Buyer. If a nationally recognized title company selected by Buyer will not issue New Title Policies, Seller may require Buyer to accept an alternative nationally recognized title company for the purpose of obtaining New Title Policies.
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Related to New Title Policy

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

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

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

  • Title Insurer means First American Title Insurance Company.

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

  • 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.

  • ALTA means American Land Title Association, or any successor thereto.

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

  • Title Company means First American Title Insurance Company.

  • CLTA The California Land Title Association.

  • Title Commitments has the meaning set forth in Section 5.9.

  • 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.

  • Preliminary Title Report A report issued by a title insurance company in anticipation of issuing a Title Insurance policy which evidences existing liens and gives a preliminary opinion as to the absence of any encumbrance on title to a Mortgaged Property, except liens to be removed on or before purchase or refinance, as the case may be, by the Borrower and Permitted Encumbrances.

  • Survey shall have the meaning set forth in Section 4.1.

  • Title Report has the meaning set forth in Section 5.4(b).

  • Title Page means, for a printed book, the title page itself, plus such following pages as are needed to hold, legibly, the material this License requires to appear in the title page. For works in formats which do not have any title page as such, “Title Page” means the text near the most prominent appearance of the work’s title, preceding the beginning of the body of the text.

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

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

  • Permitted Exceptions shall have the meaning set forth in Section 4.3.

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

  • Title V means Title V of the federal Act for the Senior Community Service Employment Program for Older Americans.

  • Existing Survey means the existing ALTA survey of the Property.

  • Permitted Exception means (a) liens for Taxes and other governmental charges and assessments which are not yet due and payable, (b) liens of landlords and liens of carriers, warehousemen, mechanics and materialmen and other like liens arising in the ordinary course of business for sums not yet due and payable, (c) other liens or imperfections on property which are not material in amount or do not materially detract from the value or the existing use of the property affected by such lien or imperfection, (d) such statements of fact and exceptions shown on any title insurance policies delivered to Global.