Title Proforma definition

Title Proforma means, for the Project, that certain pro forma Title Policy to be delivered to the Tax Equity Investor pursuant to the Tax Equity ECCA, in form and substance reasonably acceptable to Purchaser.
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Title Proforma means the form of proforma 2006 ALTA owner’s policy of title insurance attached as Exhibit S to the Company Disclosure Letter; the term “Permitted Exceptions” shall mean those items set forth on Exhibit F-2 of the Company Disclosure Letter and incorporated herein, and any other matters as agreed to by Sellers and Purchaser in accordance with Section 3.1 above; and the term “Mandatory Cure Matter” shall mean any of the following: (i) any mortgage lien assumed or created by, through or under any Seller, (ii) any mechanics’ lien or materialmen’s lien resulting from work performed for any Seller (but expressly excluding work performed by or for any tenant), and (iii) any judgment lien, tax lien (other than taxes not yet due and payable) or other lien securing a monetary amount, assumed or created by, through or under any Seller. Each Mandatory Cure Matter may be removed by endorsement or the payment of a liquidated sum of money and Seller may use a portion of the Purchase Price to affect such cure at the Closing. For the avoidance of doubt, in no event shall any Mandatory Cure Matter constitute a Permitted Exception. If Purchaser elects, in its sole and absolute discretion, to obtain a new survey or an update to the Survey (a “New Survey”), the same shall be at Purchaser’s sole cost and expense.
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Title Proforma means the Title Policy Pro Forma (as defined in the Tax Equity Agreement).
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Examples of Title Proforma in a sentence

  • The Land is free and clear of all Liens except (A) for Permitted Exceptions and (B) as disclosed in the Title Proforma.

  • Each Project Company has a good and valid leasehold, easement, access, license, or right of way interests, as applicable, in the Land required or associated with the applicable Project, free and clear of all Liens, except: (A) for Permitted Exceptions; (B) as disclosed in the applicable Title Proforma delivered by Seller to Purchaser on or before the Closing Date; and (C) as disclosed in the applicable Title Policy.

  • Each Project Company has a good and valid fee, leasehold, easement, access, license, or right of way interests, as applicable, in the Land required or associated with the applicable Project, free and clear of all Liens, except: (A) for Permitted Exceptions; (B) as disclosed in the applicable Title Proforma delivered by Seller to Purchaser on or before the Closing Date; and (C) as disclosed in the applicable Title Policy.

  • Immediately prior to the Closing, Seller will cause the Title Company to update the Title Proforma and to issue an Owner’s Title Insurance Policy naming the Company as insured thereunder in the precise form of the Title Insurance Proforma with no new or additional exceptions and with all endorsements attached thereto in the same form as are attached to the Title Insurance Proforma (the “Title Insurance Policy”), bearing an effective date and time immediately prior to the Closing.

  • The Project Company has a good and valid fee, leasehold, easement, access, license, or right of way interests, as applicable, in the Land required or associated with the Project, free and clear of all Liens, except: (A) for Permitted Exceptions; (B) as disclosed in the Title Proforma delivered by Seller to Purchaser on or before the Closing Date; and (C) as disclosed in the Title Policy.


More Definitions of Title Proforma

Title Proforma means the Title Policy Pro Forma (as defined in the Tax Equity Agreement). “Transfer Taxes” has the meaning set forth in Section 5.08(a).
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Related to Title Proforma

  • Proforma means producing a balance sheet that reflects a reasonably accurate financial statement of the Failed bank through the date of closing. The Proforma financial statements serve as a basis for the opening entries of both the Assuming Bank and the Receiver.

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

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

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

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

  • Closing Statement means the Closing Statement in the form on Annex A attached hereto.

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

  • Title Benefit Amount has the meaning set forth in Section 6.2(d).

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

  • Post-Closing Statement has the meaning set forth in Section 3.3(c).

  • Earn-Out Statement has the meaning set forth in Section 2.5(c).

  • Title Benefit means Seller’s interest in any Subject Interest that is greater than or in addition to that set forth in Exhibit B (including, without limitation, a Net Revenue Interest that is greater than that set forth in Exhibit B) or Seller’s Working Interest in any Subject Interest that is less than the Working Interest set forth in Exhibit B (without a corresponding decrease in the Net Revenue Interest). Any matters that may otherwise constitute Title Benefits, but of which Buyer has not been specifically notified by Seller in accordance with the foregoing, shall be deemed to have been waived by Seller for all purposes.

  • Title Page means, for a printed book, the title page itself, plus such following pages as are needed to hold, legibly, the material this License requires to appear in the title page. For works in formats which do not have any title page as such, “Title Page” means the text near the most prominent appearance of the work’s title, preceding the beginning of the body of the text.

  • Title Company means First American Title Insurance Company.

  • 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.

  • Base Case Projections means the initial forecast for the Project prepared as of the Effective Date using the Base Case Financial Model.

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

  • Survey shall have the meaning set forth in Section 4.1.

  • Title Defect Amount means, with respect to a Title Defect Property, the amount by which such Title Defect Property is impaired as a result of the existence of one or more Title Defects, which amount shall be determined as follows:

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

  • CMSA Operating Statement Analysis Report means a report substantially in the form of, and containing the information called for in, the downloadable form of the "Operating Statement Analysis Report" available as of the Closing Date on the CMSA Website or in such other form for the presentation of such information and containing such additional information as may from time to time be approved by the CMSA for commercial mortgage-backed securities transactions generally.

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

  • Land surveyor means a person who by reason of knowledge of

  • Record of survey map means a map of a survey of land prepared in accordance with Section 10-9a-603, 17-23-17, 17-27a-603, or 57-8-13.

  • ALTA means American Land Title Association, or any successor thereto.