Existing Title Insurance Policy definition
Existing Title Insurance Policy means the ALTA Loan Policy of Title Insurance issued by the Title Insurance Company, as Policy No. G47-2406164, dated as of February 20, 2004, together with the endorsements which were issued concurrently therewith, with such policy and endorsements providing coverage in the aggregate amount of Fifty Million Dollars ($50,000,000.00), insuring the Existing Deed of Trust as a first priority mortgage lien encumbering the Real Property subject only to the exceptions shown therein.
Existing Title Insurance Policy means that certain ALTA Lenders Policy of Title Insurance dated as of May 3, 2004 and issued to the Administrative Agent by First American Title Insurance Company under Policy Number 801-2107950-RB, pursuant to which the lien and priority of the Existing Last Chance Deed of Trust, the Existing Rail City Deed of Trust and the Existing Zante Deed of Trust were all insured in accordance with the terms and conditions set forth therein.
Existing Title Insurance Policy means the ALTA Extended Coverage Lender's Policy of Title Insurance and endorsements issued in favor of Lenders by Existing Title Insurance Company in the amount of $23,609,516.00 insuring Lenders that, among other things: (i) the Deed of Trust is a first mortgage lien on the Hotel/Casino Property without exception as to the condition of title or priority other than the exceptions permitted to be shown as determined by Lenders, in their sole and absolute discretion; and (ii) the buildings and foundations on said Real Property do not encroach upon any easement or upon any property not owned by Borrower except as shown in said policy in exceptions approved by Lenders.
Examples of Existing Title Insurance Policy in a sentence
Except as provided in the applicable Leases or as reflected in Owner’s Existing Title Insurance Policy, no Tenants or other parties shall have any possessory rights, options (including, as an example and without limitation, extension, early termination, cancellation or expansion), rights of first refusal or rights to purchase the Property.
Endorsements to the Existing Title Insurance Policy issued by the Existing Title Insurance Company, as determined by Lenders, in their sole and absolute discretion, and a new title insurance policy insuring the Additional Deed of Trust and the Second Deed of Trust containing coverage and in an amount determined by Agent Bank, in its sole and absolute discretion.
More Definitions of Existing Title Insurance Policy
Existing Title Insurance Policy or “Existing Title Insurance Policies” means, with respect to each Property, the most recent title insurance policy, commitment, or pro forma, whether owner’s or lender’s, if any, in the possession of any of the Acquired Companies or any of their Subsidiaries.
Existing Title Insurance Policy means that certain Owner's Policy of Title Insurance issued by Title Company for the benefit of Seller dated July 2, 2018.
Existing Title Insurance Policy means that certain Owner's Policy of Title Insurance issued by Title Company for the benefit of Seller dated July 2,