Examples of Qualified Title Policy in a sentence
Note Trustee shall have received a Qualified Title Policy with respect to each Property and evidence that all premiums in respect thereof have been paid.
Lender shall have received, at Lender’s option, letters or other evidence with respect to each Property from the appropriate authorities (or other Persons) concerning applicable zoning and building laws, or zoning endorsements in the Qualified Title Policy, if available.
Since the date of the Qualified Survey relating to the Property referenced in the applicable Qualified Title Policy, no new improvement has been constructed on the Property and there has been no alteration to the exterior of any existing improvement on the Property (other than routine repair and replacements of roofs, walls or windows).
All transfer taxes, deed stamps, intangible taxes or other amounts in the nature of transfer taxes required to be paid by any Person under applicable existing Legal Requirements currently in effect in connection with the transfer of the Mortgaged Property to the Property Owner have been paid in full or deposited with the issuer of a Qualified Title Policy for payment upon recordation of the deeds effecting such transfer.
Except as indicated in and insured over by the Qualified Title Policy issued as of the Closing Date, there are no claims for payment for work, labor or materials affecting the Property which are or may become a lien prior to, or of equal priority with, the Liens created by the Loan Documents (other than mechanics’ or materialmen’s liens for work or materials performed or supplied the costs for which are not yet past due or which are being contested in accordance with Section 5.1.2(b) hereof).