Designated Title definition
Examples of Designated Title in a sentence
The Borrower understands and acknowledges that item (a) and (b) above constitute first priority mortgage liens and security interests affecting the Mortgaged Properties and 100% of the outstanding stock of the Guarantor in favor of the Lender, subject only to Permitted Encumbrances and Designated Title Exceptions as herein provided.
Career structures including the Designated Title, Qualifications, Professional Certification, Unified career structure are also dealt with.
When considering whether Seller has cured a Designated Title Defect, Seller and Purchaser shall determine whether the Designated Title Defect has been cured based on the standards currently prevalent in the acquisition of producing oil and gas properties and pipeline rights of way, easements and fee rights, and property.
Please check one of the following: ¨ ¨ Buyer elects to use both the Designated Title Agent and the Designated Mortgage Lender OR ¨ ¨ Buyer intends to purchase the Unit without financing but elects to use the Designated Title Agent Notwithstanding the foregoing, and regardless of whether Buyer elects to utilize the services of the Designated Mortgage Broker, nothing herein shall be deemed to qualify or otherwise condition Buyer’s obligation to close “all cash” on the purchase of the Unit.
The Borrower understands and acknowledges that item (a) and (b) above constitute first priority mortgage liens and security interests affecting the Mortgaged Properties and 100% of the outstanding stock of the Guarantor in favor of the Agent, subject only to Permitted Encumbrances and Designated Title Exceptions as herein provided.
Upon the expiration of sixty (60) days after Closing, all Title Defects are deemed waived except those Designated Title Defects set forth in Purchaser's notice.
If Buyer finances the purchase of the Unit and Buyer elects to use both the Designated Title Agent and any mortgage broker or lender designated by Seller (the “Designated Mortgage Lender”), which may be an affiliate of Seller, as Buyer’s lender, then Seller shall give Buyer a credit at closing equal to the cost of the premium for the owner’s title insurance policy, the cost of the documentary stamp taxes on the deed, and the cost to record the deed.
The Mortgage constitutes a legal, valid and perfected first Encumbrance on the property interests covered thereby, subject only to Designated Title Exceptions, Permitted Encumbrances, and matters disclosed on Schedule 11.3. Further, as of the date hereof, the oil and gas properties constituting not less than ninety percent (90%) of the present value of the sum of the initial Facility A Borrowing Base Amount are Mortgaged Properties.
Onboarding Team WHERE SIGNAT ▇▇▇ I S AN IN DIVIDUAL WHERE SIGNAT ▇▇▇ ▇ ▇ ▇ ▇ OM P ANY Signature Authorised Signatory Signature of witness Designated Title This Annex 4 forms part of and supplements our Standard Terms of business.
The Mortgages constitute legal, valid and perfected first Encumbrances on the property interests covered thereby, subject only to Designated Title Exceptions, Permitted Encumbrances, the Intercreditor Agreement, and matters disclosed on Schedule 4.03.