Leasehold Title Commitment definition
Examples of Leasehold Title Commitment in a sentence
Failure of Purchaser to provide such notice on a timely basis shall constitute a waiver by Purchaser of any matter(s) disclosed in such Title Commitment, survey or Leasehold Title Commitment and thereupon such matter(s) shall be deemed included in clause (b) of the definition of Permitted Exceptions set forth in this Agreement.
Purchaser shall cause a true and complete copy of each Leasehold Title Commitment to be promptly delivered to Seller.
In the event that the updated Title Commitment or Leasehold Title Commitment as to any Owned Real Estate or Leasehold Estate discloses any defect(s) not included in the original Title Commitment, survey or Leasehold Title Commitment, the procedure set forth in (ii) above shall apply.
The security interests and liens granted to Collateral Agent or the Administrative Agent under this Agreement and the other Financing Agreements constitute valid and perfected (a) first priority liens and security interests in and upon the Priority Collateral and (b) second priority liens and security interest in and upon the ABL Priority Collateral, in each case, subject only to the liens indicated on Schedule 8.4 to the Information Certificate and the other liens permitted under Section 9.8 hereof.
Within ten (10) days thereafter (unless such time is extended in writing by Tenant), Landlord shall (i) correct such objections and perfect title, (ii) have such unpermitted exceptions removed from the Leasehold Title Commitment, or (iii) have the Title Company commit to insure against loss or damage that may be occasioned by such exception; provided, however, that Landlord is under no obligation to incur any expense in connection therewith.
Such other exceptions or conditions to title as shown on the Leasehold Title Commitment, the parties acknowledging that Landlord has made no independent examination of title to the Premises and is relying on the Title Company for that purpose.
For thirty (30) days from the date hereof, Purchaser shall have the right, but not the obligation, to obtain, at Purchaser's sole cost and expense, (i) surveys as to any or all of the Owned Real Estate or the Leasehold Estate and (ii) title commitments for issuance of ALTA Leasehold Policies of Title Insurance as to the Leasehold Estate from the Title Company ("Leasehold Title Commitment").
Tenant shall have ten (10) days after receipt of the Leasehold Title Commitment to review the same and to deliver its written objections, if any, to Landlord.