Seller Title Policy definition

Seller Title Policy means the policy of title insurance insuring a Selling Entity’s interest in the related Site, which policy is to be included in the Seller Deliveries applicable to such Site.
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Seller Title Policy has the meaning set forth in Section 2.2(c)(vi).
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Seller Title Policy means (i) with respect to each Option for which the related Security Instrument secures a first lien on the related Property, an ALTA insurance policy, (ii) with respect to each Option for which the related Investment Amount is greater than two-hundred fifty thousand dollars ($250,000), an ALTA title insurance policy, or (iii) with respect to each Option not subject to the foregoing clauses (i) or (ii), an ALTA title insurance policy, a mortgage service provider professional liability insurance policy, a master loan policy (such as the First American Title Insurance Company equiSmart policy), or such other generally acceptable form of policy or insurance as Buyer Agent may approve in its reasonable discretion, in each case, issued by Title Company (or, as applicable, delivered by Title Company with respect to coverage maintained by Title Company under a mortgage service provider professional liability insurance policy) and insuring Seller, its successors and assigns, as to the lien of the Security Instrument, in the amount of the Investment Amount, subject only to encumbrances permitted by the Option Documents.
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Examples of Seller Title Policy in a sentence

  • Seller shall cooperate with Purchaser in Purchaser is obtaining an Owners Title Policy Commitment (the "Commitment") issued by a title company satisfactory to Purchaser committing and binding said title company to issue to Purchaser a title policy, which shall show good and indefeasible title to the Real Property to be vested in Seller ("Title Policy").

  • If any title exceptions shown in the Title Commitment or in the Seller Title Policy are unacceptable to Buyer (“Unacceptable Title Exceptions”), Buyer shall notify Seller in writing of such Unacceptable Title Exceptions during the Review Period.

  • Seller shall pay the Seller Title Policy Cost, all documentary transfer taxes, all recording fees and one-half (1/2) of all Escrow Holder fees, which, together shall be referred to herein as the “Seller’s Closing Costs”.

  • To the extent that any such Option Documents (a) have been delivered for recording and have not yet been returned to Seller by the applicable recording office, or (b) are still awaited from a third Person (e.g., the Seller Title Policy, if not yet provided by the Title Company), then Seller shall, as soon as reasonably practicable following receipt by it of such Option Documents from the applicable recording office or third Person, deliver such physical documents to Custodian.

  • Purchaser shall cause the Title Company to issue (or be prepared and irrevocably and unconditionally committed to issue) the Seller Title Policy as described in Section 2.2(c)(vi).

  • The Seller Title Policy is valid and remains in full force and effect, and is assignable to Buyer.

  • With respect to each Option, the related physical Option Documents and Option Files required to be delivered to Custodian hereunder shall not be required to include an original executed Seller Title Policy.

  • Notwithstanding anything to the contrary contained herein, Seller shall be responsible for the payment of any fees and/or premiums associated with both the Seller Title Policy and Buyer Title Policy.


More Definitions of Seller Title Policy

Seller Title Policy means the Owner’s Policy of Title Insurance dated June 29, 2015, and issued to Global Foundries U.S. 2 LLC, Policy Number 0-0000-000000000, issued by Xxxxxxx Title Insurance Company, with respect to the Owned Property and the Well Fields Properties.
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Related to Seller Title Policy

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

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

  • 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 Policies has the meaning set forth in Section 6.17.

  • 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 Insurance Policy A title insurance policy maintained with respect to a Mortgage Loan.

  • Title V means Title V of the federal Act for the Senior Community Service Employment Program for Older Americans.

  • Title Insurer means First American Title Insurance Company.

  • Seller’s Share of any amount means the greater of: (a) $0 and (b) such amount minus the product of (i) such amount multiplied by (ii) the Purchased Interest.

  • 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 Company means First American Title Insurance Company.

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

  • Permitted Title Exceptions means those exceptions to title to the Real Property that are satisfactory to the Acquiror as determined pursuant to Section 2.2.

  • Transferred Real Property means (a) the Transferred Owned Real Property and (b) the premises that is subject to the Transferred Real Property Leases.

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

  • Purchased Assets has the meaning set forth in Section 2.1.

  • Title Documents shall have the meaning set forth in Section 4.1.

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

  • Transferred Property shall have the meaning specified in Section 2.1(a) hereof.

  • Blanket encumbrance means a trust deed or mortgage or any other lien or encumbrance,

  • Seller Shares means all shares of Common Stock of the Company owned as of the date hereof or hereafter acquired by a Common Holder, as adjusted for any stock splits, stock dividends, combinations, subdivisions, recapitalizations and the like.

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

  • Additional Purchased Assets shall have the meaning set forth in Subsection 3(a).

  • Seller's Closing Certificate means the certificate of Seller in the form of Exhibit C attached hereto.

  • 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.

  • Seller Use means fuel used for gas compression, LPG plants and LNG plants, other gas needed by Seller's facilities to furnish the requirements of Buyers, together with unaccounted for gas. This gas shall be considered Included In Priority of Service Category 1. Other vital uses of Seller, such as flame stabilization requirements, will be met as long as such uses do not jeopardize service to its firm service Buyers.