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 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.
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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.

  • If Buyers do not object to any New Exception raised in an amendment to a Proforma Title Policy by giving timely written notice as herein provided, then such New Exception shall be a Permitted Exception.

  • 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.

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

  • 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.

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

  • 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.

  • Vehicle keys are to be held by campus security at all times, and will be released to authorized drivers only.

  • 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.

  • If the Village fails to have the Unpermitted Exceptions removed or in the alternative, to obtain a Title Commitment insuring the Unpermitted Exceptions within the specified time (the "Proforma Title Policy"), Purchaser may elect to either (i) terminate this Agreement, at which time the Purchaser shall be entitled to have the Deposit, minus any costs incurred by the Village, returned to Purchaser, or (ii) Close taking subject to such Unpermitted Exceptions.


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 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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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 First American Title Insurance Company.

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

  • 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(h).

  • 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 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.

  • 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 the Commonwealth to sell, solicit, or negotiate

  • Acquisition Cost means the cost to acquire a tangible capital asset including the purchase price of the asset and costs necessary to prepare the asset for use. Costs necessary to prepare the asset for use include the cost of placing the asset in location and bringing the asset to a condition necessary for normal or expected use.

  • 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.

  • 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.