Title Indemnity definition

Title Indemnity has the meaning given to it in Clause ‎11.11.1;
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Title Indemnity means the Title Indemnity and Guaranty Agreement, dated the date hereof, by Natural Gas Repowering LLC in favor of the Collateral Agent.
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Title Indemnity has meaning set forth in Section 10.2(a).
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Examples of Title Indemnity in a sentence

  • Without limiting Buyer’s rights to indemnity under this Agreement and Buyer’s rights under any Title Indemnity Agreement (as defined in Exhibit A), from and after the Closing Date, Buyer shall assume and hereby agrees to fulfill, perform, pay and discharge (or cause to be fulfilled, performed, paid or discharged) the Assumed Obligations.

  • Without limiting Buyer’s rights to indemnity under this Agreement and Buyer’s rights under any Title Indemnity Agreement (as defined in Exhibit B), from and after the Closing Date, Buyer shall assume and hereby agrees to fulfill, perform, pay and discharge (or cause to be fulfilled, performed, paid or discharged) the Assumed Obligations.

  • The MAC Title Indemnity shall survive the Closing indefinitely, and shall not be subject to the “Floor Amount” or the “Cap Amount,” as those terms are defined in Section 16.5, below, the “Survival Period,” as that term is defined in Section 11.14, below, or any other post-Closing limitations.

  • Purchaser shall notify Seller of its election within five (5) days after receipt of notice from Seller that the Survey Defects will not be removed or that the Title Insurer will not issue the Title Indemnity.

  • The MAC Title Indemnity shall be freely assignable to any lender providing financing to Buyer or a successor owner of the particular Property subject to the MAC Title Indemnity (and its lender) until such time as the Subject Material Adverse Change is removed or otherwise released from the title records of such Property.

  • Notwithstanding anything herein to the contrary, the provision of the MAC Title Indemnity shall be at Seller’s sole election and Seller shall set forth in its Seller’s Response whether or not it will provide the MAC Title Indemnity at Closing.

  • Purchaser shall notify Seller of its election within three (3) days after receipt of notice from Seller that the Survey Defects will not be removed or that the Title Insurer will not issue the Title Indemnity.

  • If Seller is unwilling to (i) have the Survey Defects removed from the updated Survey or (ii) cause the Title Insurer to issue a Title Indemnity to Purchaser within five (5) days after receipt of notice from Purchaser of the Survey Defects, then Purchaser shall have the right to elect to terminate this Agreement.

  • Attached to Purchase and Sale Agreement dated November 5, 2012, among COG Operating LLC, Concho Oil & Gas LLC, together as Seller, and Legacy Reserves Operating LP, as Buyer This Title Indemnity Agreement (the “Agreement”) dated as of the day of , 2012, is entered into between [COG OPERATING LLC][CONCHO OIL & GAS LLC] (“Indemnitor”) and LEGACY RESERVES OPERATING LP (“Indemnitee”).

  • The indemnification and remedies set forth in Section 7.3, Article XIV, this Article XIII, Exhibit A and any Title Indemnity Agreement (as defined in Exhibit A) shall constitute the sole and exclusive post-Closing remedies of the Parties with respect to any breach of representation or warranty or non-performance of any covenant or agreement contained in this Agreement.

Related to Title Indemnity

  • Indemnity means the payment of an amount to offset all or part of an insured loss.

  • 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.

  • Tax Indemnity Agreement means that certain Tax Indemnity Agreement [NW ____ _], dated as of the date hereof, between the Owner Participant and Lessee, as originally executed or as modified, amended or supplemented pursuant to the applicable provisions thereof.

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

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