Title Cure Cap definition

Title Cure Cap has the meaning set forth in Section 20.6(e). “Title Commitment” has the meaning set forth in Section 20.6(a)(i). “Title Insurer” means [●].
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Title Cure Cap means Four Hundred Thousand Dollars ($400,000).
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Title Cure Cap has the meaning set forth in Section 6.6(c).
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Examples of Title Cure Cap in a sentence

  • If Seller elects to use reasonable efforts to cure any one or more of Purchaser Title Objections, Seller shall in no event be required to bring or settle a lawsuit to clear any title defects and, except for Seller Mortgages, Seller shall never be required to expend more than the amount of the Title Cure Cap to cure all Purchaser Title Objections.

  • Notwithstanding the foregoing, all matters reflected on Schedule B- 1 of the Title Commitment, liens, and items which are designated by the title company as matters to be satisfied by Herndon prior to Closing, and all other mortgages and other monetary liens and monetary encumbrances shall not constitute Permitted Exceptions and shall be discharged and satisfied by Herndon prior to Closing without application towards the Title Cure Cap.

  • Seller shall in no event be required to bring or settle a lawsuit to clear any claimed title or survey defects or New Matters and, except for Seller Mortgages, Seller shall never be required to expend more than the amount of the Title Cure Cap to cure any such New Matters.


More Definitions of Title Cure Cap

Title Cure Cap means Five Hundred Thousand Dollars ($500,000).
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Title Cure Cap has the meaning set forth in Section 3.3(3) (a).
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Related to Title Cure Cap

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

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

  • Title Policies has the meaning set forth in Section 6.17.

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

  • Title Insurer means First American Title Insurance Company.

  • Title Company means First American Title Insurance Company.

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

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

  • Title Defect Property has the meaning set forth in Section 6.2(a).

  • Title Objections has the meaning ascribed to such term in Section 6.2(a).

  • Title Document means, with respect to any Financed Vehicle, the certificate of title for, or other evidence of ownership of, such Financed Vehicle issued by the Registrar of Titles in the jurisdiction in which such Financed Vehicle is registered.

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

  • Title Defects has the meaning set forth in Section 5.15(b).

  • 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 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.

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

  • Closing Indebtedness means the aggregate amount of all Indebtedness of the Company and its Subsidiaries as of immediately prior, and without giving effect to, the Closing.

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

  • Estimated Closing Indebtedness has the meaning set forth in Section 2.4(a).

  • 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 Objection shall have the meaning assigned thereto in Section 8.5.

  • 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.

  • Closing Instrument means the closing instrument of the Trust, pursuant to which the Indenture is entered into, and certain other documents are executed, in connection with the issuance of the Notes by the Trust.

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

  • Existing Survey means the existing ALTA survey of the Property.

  • Title insurance agent means an agent licensed in the Commonwealth to sell, solicit, or negotiate