Title Escrow Letter definition

Title Escrow Letter means with respect to any Purchased Loan, a letter agreement in such form as shall be reasonably acceptable to Buyer, executed by the title insurance company obligating it to issue title insurance insuring the lien of the Mortgage for such Purchased Loan as reflected in an attached marked-up title commitment and to record or file such Mortgage and other certain security instruments securing such Purchased Loan and addressing the mechanics of funding of such Purchased Loan.
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Title Escrow Letter has the meaning assigned thereto in the Loan Agreement.
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Title Escrow Letter. With respect to a Wet Mortgage Asset, a letter agreement substantially in the form of Exhibit O hereto executed by the title insurance company obligating it to issue title insurance insuring the lien of the Mortgage for such Wet Mortgage Asset and to record or file such Mortgage and other certain security instruments securing such Wet Mortgage Asset.
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Examples of Title Escrow Letter in a sentence

  • Seller shall have delivered (i) the Title Escrow Letter, if applicable, to the Custodian, with a copy to Buyer, and (ii) the Closing Counsel Letter to Buyer.

  • Borrower shall have delivered (i) the Title Escrow Letter, if applicable, to the Custodian, with a copy to Lender, and (ii) the Closing Counsel Letter to Lender.

  • Pursuant to the Title Escrow Letter, the title insurance company party thereto shall return to Lender the funds so advanced if Borrower fails to advance its portion of such Mortgage Loan on such Funding Date.

  • A Title Escrow Letter shall not be required for Mortgage Loans which have been previously disbursed by Borrower.

  • Pursuant to the Title Escrow Letter, the title insurance company party thereto shall return to Buyer the Purchase Price so advanced if Seller fails to advance its portion of such Purchased Loan on such Funding Date.

  • Following Buyer's receipt of the faxed Title Escrow Letter and Closing Counsel Notice and Buyer's determination that each of the Wet Mortgage Assets is an Eligible Asset, Buyer shall wire funds pursuant to wiring instructions set forth in the Title Escrow Letter.

  • A Title Escrow Letter shall not be required for Purchased Loans which have been previously made the subject of a Transaction.