Mortgage Title Insurance. Any moneys received by the mortgagees or beneficiaries under a Mortgage relating to an Owned Facility as payment for any loss under any policy of mortgage title insurance which was delivered by NHLP shall become part of the Mortgaged Property and shall be paid and applied in the same manner contemplated by Section 3.3 hereof.
Mortgage Title Insurance. Any moneys received by the Mortgagee as payment for any loss under any policy of mortgage title insurance which was delivered by the Company shall become part of the Collateral.
Mortgage Title Insurance. The Collateral Agent shall have obtained the following documents:
Mortgage Title Insurance. 55 5.15 Projections; Pro Forma Balance Sheet................ 55 5.16 Solvency Certificate; Environmental Analyses; Insurance Analyses.................................. 56 5.17 Fees, etc........................................... 56 5.18 Termination of Confidentiality Undertakings......... 57 5.19 Repayment of 11% Senior Secured Notes............... 57 SECTION 6. Conditions Precedent to All Credit Events........... 57 6.01 No Default; Representations and Warranties.......... 57 6.02 Notice of Borrowing; Letter of Credit Request....... 57 SECTION 7.
Mortgage Title Insurance. On the Initial Borrowing Date, the Collateral Agent shall have received:
Mortgage Title Insurance. A paid policy of mortgage title insurance (in the current standard ALTA form), without exceptions, containing zoning (either ALTA Form 3.0 or ALTA Form 3.1, as the Bank requires), comprehensive, survey, access and such other endorsements as the Bank requests, issued by a company satisfactory to the Bank in the full amount of the Loan. The policy shall insure that the Bank is a first mortgagee of the Project and that title to the Project is in the Borrower, free and clear of all easements, restrictions, defects, liens, claims, charges and encumbrances, except those indicated in the Mortgage or otherwise approved by the Bank.
Mortgage Title Insurance. 53 5.15 Projections; Pro Forma Balance Sheet.......................55 5.16 Solvency Certificate; Environmental Analyses; Insurance Analyses...................................................55 5.17 Fees, etc..................................................55 5.18
Mortgage Title Insurance. On the Restatement Effective Date, the Collateral Agent shall have received:
Mortgage Title Insurance. CIT shall have received, in form and substance to CIT, (i) an executed Modification Agreement with respect to the Mortgage and (ii) an update to the mortgagee title insurance policy in effect prior to the Closing Date in favor of CIT, which shall continue to insure the Mortgage as a valid Lien on the Real Property with no exceptions which CIT shall not have approved in writing and no survey exceptions.
Mortgage Title Insurance. The Lender shall have received a policy of mortgage title insurance on American Land Title Association standard loan policy, revised coverage, most recent form (or other form acceptable to the Lender), with respect to the Site, which policy shall be issued by a title company or companies reasonably acceptable to the Lender and shall insure that the Mortgage constitutes a valid, first lien on the leasehold estate of the Borrower in the Site and on all improvements thereon, subject only to Permitted Exceptions. Such policy shall include mechanics' lien coverage and any and all endorsements thereto as shall be reasonably required by the Lender. Such policy shall be satisfactory in form and substance to the Lender and shall insure the Lender against loss in an amount not less than the sum of the aggregate unpaid Term Notes (from time to time outstanding).
