Eligible Title Company definition

Eligible Title Company means a title company approved by the Required Purchasers that has executed and delivered to the Agent a bailment and control agreement in form and substance satisfactory to the Required Purchasers, provided that such agreement remains in full force and effect. For purposes of this definition, agents selected by such title company, and for which such title company takes responsibility in accordance with the terms of such bailment and control agreement, shall be deemed to satisfy the requirements of this definition.
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Examples of Eligible Title Company in a sentence

  • RESOLUTION 5 - TAX REFORM BALLOT QUESTION(Submitted by the MASC Board of Directors) THEREFORE BE IT RESOLVED that the MASC explore ways to promote social and economic equity through a ballot initiative whose purpose may include a state constitutional amendment, tax reform, protection of the state's neediest residents of all ages, and seeks additional revenue only from tax reform affecting the state's wealthiest residents.

Related to Eligible Title Company

  • Existing Title Policy means, the existing title insurance policy for the Property.

  • Marketable Title means such ownership by Seller in the Assets that, subject to and except for the Permitted Encumbrances:

  • Title Company means First American Title Insurance Company.

  • 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.

  • Defensible Title means, with respect to a given Asset, such ownership by Seller in that Asset that, subject to and except for Permitted Encumbrances:

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

  • Preliminary Title Report A report issued by a title insurance company in anticipation of issuing a Title Insurance policy which evidences existing liens and gives a preliminary opinion as to the absence of any encumbrance on title to a Mortgaged Property, except liens to be removed on or before purchase or refinance, as the case may be, by the Borrower and Permitted Encumbrances.

  • Eligible Real Property means, as to any Borrower, Real Property owned by such Borrower in fee simple in each case which are acceptable to Agent in good faith based on the criteria set forth below. In general, Eligible Real Property shall not include: (i) Real Property which is not operated by a Borrower except as Agent may otherwise agree; (ii) Real Property subject to a security interest, lien, mortgage or other encumbrance in favor of any person other than Agent (and other than those permitted under Section 9.8(b), 9.8(c) or 9.8(d) hereof or are subject to an intercreditor agreement in form and substance satisfactory to Agent between the holder of such lien and Agent); (iii) Real Property that is not located in the continental United States of America; (iv) Real Property that is not subject to the valid and enforceable, first priority, perfected security interest, lien and mortgage of Agent; (v) Real Property where Agent determines that issues relating to compliance with Environmental Laws adversely affect such Real Property in such manner that such Real Property would not be acceptable for purposes of including it in the calculation of the Borrowing Base based on the customary practices, procedures and policies of Agent and its Affiliates; provided, that, if the Real Property is acceptable for such purposes in accordance with such practices, procedures and policies, subject to the satisfaction of the other conditions set forth herein and any requirements arising pursuant to such practices, procedures and policies, such Real Property will be considered Eligible Real Property but subject to the right of Agent to establish Reserves to reflect the adverse affect of any environmental conditions or events with respect thereto on its value or the ability of Agent to sell or otherwise realize on such Collateral; (vi) Real Property improved with residential housing; (vii) Real Property that is not subject to a then current final written appraisal by an appraiser reasonably acceptable to Agent (which shall be one of the appraisers selected by Agent from its list of approved appraisers), on which Agent and Lenders are expressly permitted to rely, and that is in form, scope and methodology reasonably satisfactory to Agent; (viii) if requested by Agent, Real Property for which Agent shall not have received a then current environmental audit conducted by an independent environmental engineering firm reasonably acceptable to Agent (based on Administrative Agent’s list of approved firms and in form, scope, substance and methodology reasonably satisfactory to Agent, the results of which are satisfactory to Agent; (ix) if requested by Agent, Real Property for which Agent shall not have received, in form and substance reasonably satisfactory to Agent, a valid and effective title insurance policy (whether in the form of a pro form policy or a marked up title policy commitment)) issued by a company and agent reasonably acceptable to Agent: (A) insuring the priority, amount and sufficiency of the Mortgage with respect to such Real Property, (B) insuring against matters that would be disclosed by surveys and (C) containing any legally available endorsements, assurances or affirmative coverage requested by Agent for protection of its interests. Any Real Property that is not Eligible Real Property shall nevertheless be part of the Collateral.

  • Transferred Real Property means (a) the Transferred Owned Real Property and (b) the premises that is subject to the Transferred Real Property Leases.

  • Owned Real Property has the meaning set forth in Section 4.10(a).

  • Company Owned Real Property shall have the meaning set forth in Section 3.15(a).

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

  • Title Insurer means Chicago Title Insurance Company.

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

  • Title Insurance Company as defined in Section 6.1(o).

  • Owned Real Properties has the meaning set forth in Section 3.16(b).

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

  • Mortgaged Real Property means any parcel of Real Property that shall become subject to a Mortgage after the Closing Date, in each case together with all of such Credit Party’s right, title and interest in the improvements and buildings thereon and all appurtenances, easements or other rights belonging thereto.

  • Company Real Property means the Company Owned Real Property and the Company Leased Real Property.

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

  • Unimproved Real Property means Property in which the Company has an equity interest that was not acquired for the purpose of producing rental or other operating income, that has no development or construction in process and for which no development or construction is planned, in good faith, to commence within one (1) year.

  • Project Title PROJECT LOCATION: PROJECT NO.: Agency Project Code Category Org. No. Activity Object No. Function Consultant Firm: Address: (City) (State) (Zip Code) Phone No. Fax No. Email: Type of Services: TABLE OF CONTENTS ARTICLE 1. GENERAL CONSULTANT 1 ARTICLE 2. PROJECT SCOPE 1 ARTICLE 3. BASIC SERVICES 2 ARTICLE 4. COMPENSATION 7 ARTICLE 5. PAYMENTS 8 ARTICLE 6. DISPUTE RESOLUTION 9 ARTICLE 7. CONSULTANTS RESPONSIBILITY 10 ARTICLE 8. OWNERS RESPONSIBILITY 12 ARTICLE 9. AUDIT AND INSPECTION OF RECORDS 13 ARTICLE 10. OWNERSHIP OF DOCUMENTS 13 ARTICLE 11. EQUAL EMPLOYMENT OPPORTUNITY 14 ARTICLE 12. TERMINATION OF AGREEMENT 15 ARTICLE 13. SUCCESSORS AND ASSIGNS 15 ARTICLE 14. APPLICABLE LAW 16 ARTICLE 15. INDEPENDENT CONTRACTOR 16 ARTICLE 16. PROHIBITED PRACTICES 16 ARTICLE 17. EXTENT OF AGREEMENT 16 ARTICLE 18. DISADVANTAGED BUSINESS ENTERPRISE 17 ARTICLE 19. ADDENDUM (IF NEEDED) 22 ATTACHMENTS A. SCOPE OF PROJECT (BY OWNER) …...................................................…...… A-1 TO A-22 B. MANPOWER, DIRECT SALARY RATE AND OVERHEAD & PROFIT FACTOR SCHEDULE (BY PRIME CONSULTANT & SUBCONSULTANTS) ...... B-1 TO B-2 C. GUIDELINES FOR REIMBURSABLE EXPENSES (BY OWNER) ……..……..… C-1 TO C-2 D. CONSULTANT INVOICE FORMS (FORMS D-1,2 & 3 – BY OWNER; FOR “FORMAT” ONLY ……………………………………………………………….. D-1 TO D-3 E. INSURANCE CERTIFICATES & PROOF OF FINANCIAL RESPONSIBILITY (BY CONSULTANT & SUBCONSULTANTS) E F. MILWAUKEE COUNTY “DBE” UTILIZATION FORMS (BY PRIME CONSULTANT) ……………………………………………………….........................

  • Real Property Interests means all interests in real property of whatever nature, including easements, whether as owner or holder of a Security Interest, lessor, sublessor, lessee, sublessee or otherwise.

  • Loan Property means any property in which the applicable party (or a subsidiary of it) holds a security interest and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Property Owner Association Property means, for each Fiscal Year, any property within the boundaries of IA No. 1 that was owned by a property owner association, including any master or sub-association, as of January 1 of the prior Fiscal Year.

  • Excluded Real Property means (a) any fee-owned real property with a purchase price (in the case of real property acquired after the Effective Date) or Fair Market Value (in the case of real property owned as of the Effective Date, with Fair Market Value determined as of the Effective Date) of less than $3,500,000 individually, (b) any real property that is subject to a Lien permitted by Sections 6.02(iv), (xix), (xxii), (xxiii), (xxviii) or (xxxi), (c) any real property with respect to which, in the reasonable judgment of the Term Administrative Agent (confirmed by notice to the Borrower) the cost (including as a result of adverse tax consequences) of providing a Mortgage shall be excessive in view of the benefits to be obtained by the Lenders, (d) any real property to the extent providing a mortgage on such real property would (i) be prohibited or limited by any applicable law, rule or regulation (but only so long as such prohibition or limitation is in effect), (ii) violate a contractual obligation to the owners of such real property (other than any such owners that are the Borrower or Affiliates of the Borrower) that is binding on or relating to such real property (other than customary non-assignment provisions which are ineffective under the Uniform Commercial Code) but only to the extent such contractual obligation was not incurred in anticipation of this provision or (iii) give any other party (other than the Borrower or a wholly-owned Restricted Subsidiary of the Borrower) to any contract, agreement, instrument or indenture governing such real property the right to terminate its obligations thereunder (other than customary non-assignment provisions which are ineffective under the Uniform Commercial Code or other applicable law) and (e) any Leasehold.