Title Curative Actions definition
Title Curative Actions means obtaining all of the following documentation, in each case in form and substance reasonably satisfactory to Purchaser: (a) ratifications and joinders by all fee owners of Project Real Property at Closing, other than ProjectCo, that are not Real Property Agreement Counterparties on the applicable Real Property Agreement(s); (b) releases of record of any monetary Liens (other than Permitted Liens) affecting Project Real Property; (c) subordination and/or non-disturbance agreements to resolve any Liens (other than utility and access easements and substantially similar easements and non-possessory use rights that do not secure any payment or performance obligations, will not prohibit or interfere with any Project Activities and do not otherwise require curative action under this Agreement) that are superior to ProjectCo’s interests in the Project Required Property where ProjectCo’s interest is not a fee; (d) crossing and/or encroachment agreements as necessary to permit the crossing of or encroachment upon existing easements and similar Liens by Project Facilities; (e) documentation necessary to ensure the Project Facilities and ProjectCo’s surface rights with respect to the Project Real Property will not be disturbed or impaired by the owner(s) of any oil, gas and/or mineral rights, or title insurance in form and substance reasonably acceptable to Purchaser that covers such risk; (f) documentation necessary to resolve title vesting issues; and (g) any documentation required from Seller by the Title Insurer for issuance of the Title Policy.
Examples of Title Curative Actions in a sentence
Schedule I: Intentionally deleted Schedule J: Form of Acquisition Warrant Certificate Schedule K: Form of NPI Royalty Schedule L: Registration Rights Agreement Schedule M: PR Pre-Closing Reorganization Schedule N: Key Regulatory Approvals Schedule O: Title Curative Actions Any information or disclosures set forth on a Schedule to this Agreement shall reference with particularity the section or subsection number of the Agreement to which such information or disclosure is set forth on the Schedule.