Pro Forma Title Policy definition

Pro Forma Title Policy has the meaning set forth in Section 4.5(e).

Pro Forma Title Policy means the pro forma title policy dated August 24, 2022 attached hereto as Exhibit B.

Pro Forma Title Policy shall have the meaning set forth in Section 2.8.3(a).

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.

• The Title Company (or another title company reasonably acceptable to CWI if the Title Company refuses to do so) shall be unconditionally obligated and prepared, subject only to payment by WPPI of the applicable premium for the base Title Policy and payment by CWI of the applicable premium for the Title Endorsements, to issue the Title Policy in the form of the Pro Forma Title Policy.

• Seller and Buyer shall work together cooperatively and in good faith towards revising the preliminary Pro Forma Title Policy, ALTA Survey, and curative documents in the manner and condition required hereunder.

More Definitions of Pro Forma Title Policy

Pro Forma Title Policy means the pro forma/proposed title insurance policy that when the Project Assets for the Project Site are transferred, the Title Insurer agrees to issue the ALTA Title Policy in the condition of the pro forma/proposed title insurance policy together with the Title Policy Endorsements.

Pro Forma Title Policy means the pro forma owner's policy of title insurance issued by the Title Company attached to this Agreement as EXHIBIT "N".

Pro Forma Title Policy means that certain pro forma title insurance policy issued by the Title Company, a copy of which is attached hereto as Exhibit E and incorporated herein.

Pro Forma Title Policy means the pro forma/proposed title insurance policy that when the Project Assets for the Real Property are transferred, the Title Insurer agrees to issue the ALTA Title Policy in the condition of the pro forma/proposed title insurance policy.

Pro Forma Title Policy has the meaning ascribed thereto in Section 5.1(b).

Pro Forma Title Policy means a pro forma CLTA owner's policy of title insurance, reflecting the description of the Land following recordation of the Final Map and based on the Preliminary Title Report. The Pro Forma Title Policy may reflect deletion or endorsement of certain matters shown in the Preliminary Report that would otherwise affect the Land following recordation of the Final Map, but Seller shall have no obligation with respect to such matters (or other endorsements) except to the extent Seller specifically undertakes such obligation.

Pro Forma Title Policy means a pro forma ALTA lenders' policy of fee title insurance, subject to a survey exception, insuring the first priority of the Lien granted in favor of the Collateral Agent, with such endorsements as the Collateral Agent shall reasonably require and subject only to the Permitted Title Exceptions.