Delivery of Loan Documents Title Insurance Reports Leases Sample Clauses
This clause outlines the borrower's obligation to provide the lender with all necessary loan documents, evidence of title insurance, relevant reports, and copies of leases related to the property. In practice, this means the borrower must deliver items such as executed loan agreements, proof of valid title insurance coverage, property inspection or appraisal reports, and any current lease agreements for tenants occupying the property. The core function of this clause is to ensure the lender receives all essential documentation to assess and secure their interest in the property, thereby reducing risk and facilitating a smooth loan transaction.
Delivery of Loan Documents Title Insurance Reports Leases. (a) Mortgage, Assignment of Leases. Lender shall have received from Borrower fully executed and acknowledged counterparts of the Mortgage and the Assignment of Leases and evidence that counterparts of the Mortgage and Assignment of Leases have been delivered to the Title Company for recording, in the reasonable judgment of Lender, so as to effectively create upon such recording valid and enforceable Liens upon the Property, of the requisite priority, in favor of Lender or Lender’s nominee (or such other trustee as may be required or desired under local law), subject only to the Permitted Encumbrances and such other Liens as are permitted pursuant to the Loan Documents. Lender shall have also received from Borrower fully executed counterparts of the other Loan Documents.
Delivery of Loan Documents Title Insurance Reports Leases. (i) Mortgages and Assignments of Leases, Assignments of Leases. ---------------------------------------------------------- Lender shall have received from each Individual Borrower holding title to an Individual Property as of the date hereof fully executed and acknowledged counterparts of the Mortgage and the Assignment of Leases relating to each such Individual Property and evidence that counterparts of such Mortgages and the Assignments of Leases have been delivered to the title company for recording, in the reasonable judgment of Lender, so as to effectively create upon such recording valid and enforceable Liens upon each such Individual Property, of the requisite priority, in favor of Lender (or such other trustee as may be required or desired under local law), subject only to the Permitted Encumbrances and such other Liens as are permitted pursuant to the Loan Documents. Lender shall have also received from each such Individual Borrower fully executed counterparts of the Environmental Indemnity relating to each such Individual Property.
Delivery of Loan Documents Title Insurance Reports Leases. (i) Security Instrument, Assignment of Leases. Lender shall have received from Borrower and Operator, as applicable, fully executed and acknowledged counterparts of the Security Instrument, the Subordination Agreement and the Assignment of Leases and evidence that counterparts of the Security Instrument, the Subordination Agreement and Assignment of Leases have been delivered to the title company for recording, in the reasonable judgment of Lender, so as to effectively create upon such recording valid and enforceable Liens upon the Property, of the requisite priority, in favor of Lender (or such other trustee as may be required or desired under local law), subject only to the Permitted Encumbrances. Lender shall have also received from each Loan Party, as applicable, fully executed counterparts of the other Loan Documents.
Delivery of Loan Documents Title Insurance Reports Leases. (a) Mortgages, Assignments of Leases, Assignments of Agreements. Lender shall have received from Borrowers fully executed and acknowledged counterparts of the Mortgages and the Assignments of Leases relating to the Property and evidence that counterparts of the Mortgages and Assignments of Leases have been delivered to the title company for recording, in the reasonable judgment of Lender, so as to effectively create upon such recording valid and enforceable Liens upon such Property, of the first priority, in favor of Lender (or such other trustee as may be required or desired under local law), subject only to the Permitted Encumbrances and such other Liens as are permitted pursuant to the Loan Documents. Lender shall have also received from Borrowers fully executed counterparts of the Environmental Indemnity, O&M Agreement, Assignment of Management Agreement and Subordination of Management Fees and Contribution Agreement.
Delivery of Loan Documents Title Insurance Reports Leases. Confidential Treatment Requested by BANA ▇▇▇▇-▇▇▇▇-00092
Delivery of Loan Documents Title Insurance Reports Leases. (a) SECURITY INSTRUMENT, ASSIGNMENT OF LEASES AND OTHER LOAN DOCUMENTS. Lender shall have received from Borrower fully executed and acknowledged counterparts of the Security Instrument and the Assignment of Leases and evidence that counterparts of the Security Instrument and Assignment of Leases have been delivered to the title company for recording, in the reasonable judgment of Lender, so as to effectively create upon such recording valid and enforceable liens upon each Individual Property, of the requisite priority, in favor of Lender (or such other trustee as may be required or desired under local law), subject only to the Permitted Encumbrances and such other Liens as are permitted pursuant to the Loan Documents. Lender shall have also received from (i) Borrower fully executed counterparts of the Environmental Indemnity, Cash Management Agreement and Assignment of Management Agreement and (ii) Guarantor, a fully executed counterpart of the Guaranty.
Delivery of Loan Documents Title Insurance Reports Leases