Pro Forma Title Policy definition
Examples of Pro Forma Title Policy in a sentence
Any proposed changes by the Title Insurer to the Pro Forma Title Policy (including due to a downdate) shall be subject to the approval of the Purchaser in its reasonable discretion, provided that at no time shall Purchaser have fewer than three (3) Business Days from delivery of the proposed change, together with all related underlying documents, to review such proposed change, and further provided that no such change shall reflect Liens other than Permitted Liens.
The Pro Forma Title Policy and final Title Policy shall include endorsements acceptable to Purchaser, in Purchaser’s sole discretion, providing that the assignment by Seller of the ProjectCo Interests to Purchaser or any entity in which Purchaser or an affiliate owns an interest will not cause the lapse or impairment of coverage under the final Title Policy after the assignment of the ProjectCo Interests.
The Title Policy shall be in form and substance reasonably acceptable to Purchaser and shall, in any event, be in substantially the same form and substance as the Pro Forma Title Policy; provided that if the Title Policy includes any Later-Acquired Project Real Property, the form and substance of the Title Policy relative to any and all Later-Acquired Project Real Property shall be reasonably acceptable to Purchaser.
Prior to closing, the City will order and provide a Pro Forma Title Policy for Parcel J to Wolfhound for their review.
The Pro Forma Title Policy shall be "blacklined" in a manner that clearly and directly identifies the revisions from/to the Title Commitments.