Title Endorsement definition
Examples of Title Endorsement in a sentence
Buyer shall have the right, on or before the expiration of the Inspection Period, to notify Sellers in writing of any objections Buyer may have to title to the Property as shown in the Title Policy, Title Endorsement or the Survey of the Property.
Buyer shall pay one-half of any transfer, documentary stamp tax or recordation taxes owed on account of the sale of the Membership Interests to Buyer, all premiums necessary to cause the issuance of the Title Endorsement by the Title Company, the costs of the title search and updated Survey, one half of any escrow closing fees charged by Title Company, and the expenses of its own due diligence.
Buyer shall all premiums necessary to cause the issuance of the Title Endorsement by the Title Company, the costs of the title search and updated Survey, one half of any escrow closing fees charged by Title Company, and the expenses of its own due diligence.
The Title Company shall be unconditionally obligated and prepared, subject only to payment by Purchaser of the applicable premium and other related charges, to issue a policy of title insurance for the Real Property, in favor of Purchaser, in every respect consistent with the Title Requirement Letter with no exceptions or encumbrances other than the Permitted Exceptions and including each and every Title Endorsement required thereby.
Simultaneously with the Execution Date, Borrower shall deliver or cause to be delivered to Lender the Title Endorsement, the Certificates of Good Standing and such affidavits, indemnities, certificates and legal opinions, regarding among other things formation and authorization of Borrower Parties and enforceability of the Modification Documents, as may be requested by Lender.
Original Borrower and/or Borrower agree to pay (jointly and severally) all expenses, charges, costs and fees, including without limitation, attorneys’ fees, incurred by Lender in connection with the negotiation and documentation of the agreements contained in this Agreement, together with all expenses, charges, costs and fees relating to the delivery and issuance to Lender of the New Loan Documents and the Title Endorsement (collectively, the “Additional Loan Expenses”).
The Escrow Agreement shall provide that when the Escrow Agent has received the items required to be delivered by ▇▇▇▇▇▇ ▇▇▇ under Section 10.1 and has received, or is prepared to issue, the Title Policy and the Title Endorsement, the Escrow Agent shall provide written notice of receipt to the Construction Lender.
A Commitment for a Title Endorsement in form and substance satisfactory to the Administrative Agent with respect to each existing Real Estate Mortgage, together with evidence satisfactory to the Administrative Agent that such endorsements will be issued pursuant to each such commitment and all premiums therefore have been paid.
A recertification and update of the Survey will be required in form and substance satisfactory to Mortgagee, dated within sixty (60) days of the Closing for the Additional Funding if (aa) the Title Endorsement reveals any new title matters that are plottable; or (bb) there are any exterior additions, alterations or other changes to the Mortgaged Property.
Santa Anita's responsibility for payment of the Transfer Fees and the cost of the Title Endorsement may be discharged at Closing by a debit in the aggregate amounts thereof against the Purchase Price.