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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/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 title policy dated August 24, 2022 attached hereto as Exhibit B.

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 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 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 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 shall have the meaning set forth in Section 2.8.3(a).
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 a pro forma title policy, including all endorsements thereto as reasonably required by Xxxxx, insuring all estates and interests in real property pursuant to any Real Property Agreement, in form and substance reasonably satisfactory to Buyer.
Pro Forma Title Policy means one or more pro-forma owner's title insurance policies or owner's title insurance commitments hereto as Schedule 5, together with the endorsements annexed to such policy or commitment (which include a so-called "non-imputation" endorsement), as same may be modified if any of the Title Requirements are not satisfied. Any New Exception or other title exception which Purchaser approves or is deemed to have approved or which is otherwise permitted under this Agreement shall be added to Schedule B of the pro-forma title insurance policies or title insurance commitments. The Pro Forma Title Policy shall be in the amount of the Adjusted Gross Purchase Price (or such lesser available amount of coverage as Purchaser and Sellers mutually agree to accept from the Title Company).
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.
Pro Forma Title Policy means the pro forma owner’s title insurance policy, together with all endorsements thereto required by Purchaser, attached hereto as Exhibit N.