Title Binder definition

Title Binder means each Mortgagee Title Policy Binder on Interim Construction Loan and all endorsements thereto requested by Lender, in the total amount of the applicable Loan, issued in favor of Lender and naming Lender and its assigns as the proposed insured mortgagee by the Title Company and committing to insure that title to the Property described in the applicable Deed of Trust is vested in Borrower, free and clear of any Lien, objection, exception or requirement other than the Permitted Exceptions, and that such Deed of Trust creates a first lien on the Property, subject only to Permitted Exceptions and committing to issue such endorsements as Lender may require, along with all extensions required to keep such Title Binder in full force and effect, and if Lender believes at any time there is or will be a dispute concerning the validity or priority of Lender’s Lien on any Lot or Home, a mortgagee title insurance policy reasonably required by Lender.

Title Binder means the preliminary commitment therefore as in the case of the due diligence title review referenced in Section 12, issued by the Title Company, and the Title Documents, collectively.

Title Binder shall have the meaning specified in Subsection 5.32.1 hereof.

Examples of Title Binder in a sentence

• Buyer shall, simultaneously with supplying Seller with a commitment for Title Insurance or a Title Binder or a Report of Title, advise Seller in writing which exceptions to Title are reasonably unacceptable to Buyer and of which Buyer will require removal prior to closing.

• Upon Seller's request, Buyer shall immediately provide, or cause to be provided, to Seller in electronic form true, correct and complete copies of the Title Binder or Title Opinion, as applicable, and all documents of record referenced therein.

• Buyer shall promptly deliver to the Buyer a copy of the Title Binder, together with a notice of any items disclosed on the Title Binder which is not a Permitted Exception (a "Title Objection").

• Seller has received no written notice of any public improvements in the nature of off-site improvements, or otherwise, which have been ordered to be made and/or which have not heretofore been assessed, and, to Seller's knowledge, there are no special or general assessments currently affecting or pending against the Property, except as set forth in the Title Binder.

• Buyer shall have five (5) days from the date of Xxxxx's receipt of the Title Binder or Title Opinion to examine title and raise any objections which, if valid, would make title to the Property uninsurable.

More Definitions of Title Binder

Title Binder means the Commitment for Owner’s Title Insurance Policy issued by the Title Company in accordance with the terms and provisions of Section 2.01.

Title Binder means: that certain title insurance policy issued by the Title Insurance Company bearing policy number .

Title Binder means: That certain title insurance commitment and report issued by Commonwealth All Service Title Agency as agent for Commonwealth Land Title Insurance Company.

Title Binder have the meanings set forth in Section 7(a)(v) below.

Title Binder means the Commitment for Title Insurance issued by the Title Company for the Property, GF Number 00051963 dated effective January 14, 2008 and all exceptions to title coverage set forth therein as provided in Section 4.4.

Title Binder shall have the meaning assigned to such term in SECTION 4.3.

Title Binder shall have the meaning set forth in Article 12.20(a).