Title Confirmation Letter definition

Title Confirmation Letter means a letter from a Title Insurance Company or attorney handling title matters for the Borrowers which confirms (a) the ownership of the Borrowing Base Asset or Assets that are the subject of the letter, (b) the recordation of the Mortgage or Spreader Agreement that encumbers the applicable Borrowing Base Asset or Assets, and (c) the first priority of such Mortgage or Spreader Agreement. Such letter shall include or have as attachments the information listed in Exhibit "L."
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Title Confirmation Letter is defined in Section 4.2.
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Examples of Title Confirmation Letter in a sentence

  • The Agent shall have received a Title Confirmation Letter or a title policy as required pursuant to the provisions of Section 2.8.

  • Notwithstanding the foregoing, whenever new Projects are added as Borrowing Base Assets, the applicable Borrower must submit to the Agent a Title Confirmation Letter for each such Project.

  • The Title Company shall be unconditionally obligated and prepared, and record (as applicable) of all conveyance documents, to issue the Title Policy and the Title Confirmation Letter.

  • The Collateral Agent shall have received a Title Confirmation Letter for each Borrowing Base Asset.

  • Notwithstanding the foregoing, whenever new Lots or Units are added as Borrowing Base Assets, the Borrowers must submit to the Collateral Agent a Title Confirmation Letter for each such Lot or Unit.