Proforma Title Policy definition

Proforma Title Policy means, with respect to each Real Property, the proforma ALTA (or, with respect to each Texas Real Property, a T-1) Owner’s Policy of Title Insurance in favor of the Buyer in the form of the applicable proforma attached hereto as Exhibit B-1 through Exhibit B-29 with respect to such Real Property.
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Proforma Title Policy means, with respect to each Company Property, the proforma ALTA Extended Coverage Owner’s Policy of Title Insurance in favor of the Company or the applicable Company Subsidiary (including all endorsements attached thereto) in the form of the applicable proforma attached hereto as Exhibits B-1 through B-9 with respect to such Company Property.
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Proforma Title Policy means the proforma form of ALTA owner’s title insurance policy that, with the payment of the required premium, will insure the title to the leasehold or easement estate in the Real Property without standard printed exceptions and subject to the applicable Land Contract (expressly excluding any Real Property upon which no Project Facilities are planned, as depicted in the Site Plan).
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Examples of Proforma Title Policy in a sentence

  • A Proforma Title Policy or a suitably marked up Commitment for Title Insurance initialed by Title Company, in the form required by this Agreement, including usual and customary endorsements required by Developer.

  • The Proforma Title Policy shall be conclusive evidence of good title as shown therein as to all matters insured by the Title Company, subject only to the Permitted Exceptions.

  • Escrow Holder shall deliver to Buyer the original FIRPTA Certificate, the original California Exemption Certificate (as applicable), a conformed copy of the Grant Deed and Memorandum, the Proforma Title Policy, and each other document (or copies thereof) deposited into Escrow by Seller pursuant hereto, including, without limitation, those documents referenced in Section 8.

  • Buyer hereby objects to any and all liens and exceptions to title not shown on the Proforma Title Policy.

  • At least thirty (30) days prior to Closing, Seller will furnish to Buyer, at Seller’s expense, an updated Proforma Title Policy to identify any new exceptions to title that have occurred since Seller provided the initial Title Commitments or initial Proforma Title Policy to Buyer.

  • That the amount of the manufacturer’s bond is sufficient or is in the maximum penal sum to cover the tax that will become due on the shipment.(b) Agreement to pay tax.

  • The Buyer shall pay the cost for any later date title commitments, and Buyer shall pay for the cost of the later date to its Proforma Title Policy.

  • Buyer hereby objects to any and all liens and exceptions to title not shown on the Proforma Title Policy and approved pursuant to Section 3(b)(i).

  • The Developer shall pay the cost for any later date title commitment and the cost of the Title Company issuing a Proforma Title Policy to Developer.

  • The Seller shall pay the cost for any later date title commitments, and Seller shall pay for the cost of the later date to the Proforma Title Policy but prior to closing.


More Definitions of Proforma Title Policy

Proforma Title Policy means the proforma Title Policy with endorsements for each Transferred Owned Real Property.
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Proforma Title Policy means a pro forma Texas Form T-1 Owner’s Policy of Title Insurance, committing to insure the Real Property Interests in the amount of the fair market value of the Project or other amount specified by Buyer and issued by the Title Company, subject only to the Permitted Liens and otherwise in form and substance satisfactory to Buyer and providing for full extended coverage over all general title exceptions contained in such policy and the following special endorsements: owner’s comprehensive, zoning, survey, access, contiguity, non-imputation, tax parcel, subdivision, deletion of mandatory arbitration, location, environmental, utility facility, development of minerals, successor-in-interest and Sears endorsement and all applicable ALTA 36 Series energy project-specific endorsements and any other endorsements reasonably requested by Buyer and such additional affirmative coverage as Buyer may reasonably request, in each case, that is available in the State of Texas.
Sample 1
Proforma Title Policy means, with respect to each Company Property, the proforma ALTA Extended Coverage Owner’s Policy of Title Insurance in favor of the Company or the applicable Company Subsidiary (including all endorsements attached thereto) in the form of the applicable proforma attached hereto as E xhibits B-1 through B -9 with respect to such Company Property.
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Related to Proforma Title Policy

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

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

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

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

  • 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.

  • Title Insurer means Chicago Title Insurance Company.

  • Survey means a survey of the Property prepared by a surveyor licensed in the State and satisfactory to Lender and the company or companies issuing the Title Insurance Policy, and containing a certification of such surveyor satisfactory to Lender.

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

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

  • Proforma means producing a balance sheet that reflects a reasonably accurate financial statement of the Failed bank through the date of closing. The Proforma financial statements serve as a basis for the opening entries of both the Assuming Bank and the Receiver.

  • Title Company means First American Title Insurance Company.

  • Closing Date Mortgaged Property as defined in Section 3.1(i).

  • CLTA The California Land Title Association.

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

  • 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.

  • Title Insurance Company as defined in Section 5.1(l).

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

  • Substitute Property shall have the meaning set forth in Section 2.6 hereof.

  • Title insurance agent means an agent licensed in this Commonwealth to solicit, negotiate, procure,

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

  • Permitted Exception means that, with respect to any representation, warranty or covenant with respect to the interest of the Buyer and its assignees in the ARSC Purchased Assets or any Servicer Default, that (i) prior to recordation (A) pursuant to Section 8.3 of this Agreement and/or Section 2.01(d)(i) of the Transfer and Servicing Agreement or (B) upon the sale of a Home to an Ultimate Buyer, record title to such Home may remain in the name of the related Transferred Employee, and no recordation in real estate records of any mortgage or any conveyance pursuant to the related Home Purchase Contract or Home Sale Contract in favor of any Transaction Party or any of the Buyer’s assignees and assigns pursuant to the Receivables Purchase Agreement will be made except as otherwise permitted under Section 2.01(d)(i) of the Transfer and Servicing Agreement and (ii) no delivery of any Home Purchase Contracts, Home Deeds and Equity Loan Notes to any custodian will be required.

  • Replacement Engine means a [Engine Manufacturer and Model] engine (or an engine of the same or another manufacturer of a comparable or an improved model and suitable for installation and use on the Airframe with the other Engine (or any other Replacement Engine being substituted simultaneously therewith)) that shall have been made subject to the Lien of the Indenture pursuant to Section 7.04 or Section 7.05 thereof, together with all Parts relating to such engine, but excluding items installed or incorporated in or attached to any such engine from time to time that are excluded from the definition of Parts.

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