Mortgage Policy definition

Mortgage Policy has the meaning specified in Section 4.01(a)(iv)(B).
Mortgage Policy has the meaning specified therefor in Schedule 3.1(v).
Mortgage Policy has the meaning specified in Section 6.12(b).

Examples of Mortgage Policy in a sentence

  • The ALTA Residential Limited Coverage Mortgage Policy may be issued in connection with a modification of a mortgage by an institutional lender covering one-to-four residential real property or condominiums.

  • Construction Mortgage Policy: a Loan Policy, including a Leasehold Loan Policy, insuring a Construction Mortgage.

  • The charge for this policy will be the currently approved rate for the standard Mortgage Policy (shown in item 2 of this manual), plus the filed rate, if any, for any endorsement as indicated for use in Schedule A of the policy.

  • Furthermore, in the case of additional Real Property Collateral, Holdings will, and will cause the other Credit Parties to, deliver to the Collateral Agent such opinions of counsel in each jurisdiction in which the mortgaged Real Property is located, surveys or survey updates or ExpressMaps, as required to the extent necessary to allow the issuer of the Mortgage Policy to issue such policy without a standard survey exception.

  • Evidence of payment by the Company of all Mortgage Policy premiums, search and examination charges, mortgage recording taxes, fees, charges, costs and expenses required for the recording of the Mortgages, fixture filings and other documents and issuance of the Mortgage Policies referred to above.


More Definitions of Mortgage Policy

Mortgage Policy means a fully paid American Land Title Association Lender’s Extended Coverage title insurance policy with endorsements and in an amount acceptable to the Administrative Agent and Collateral Agent, issued, coinsured and reinsured by title insurers acceptable to the Administrative Agent and Collateral Agent, insuring the Mortgage in question to be valid first and subsisting Lien on the property described therein, free and clear of all defects (including, but not limited to, filed mechanics’ and materialmen’s Liens) and encumbrances, excepting only Liens permitted under the Loan Documents, and providing for such other affirmative insurance and such coinsurance and direct access reinsurance as the Administrative Agent and Collateral Agent may deem necessary or desirable.
Mortgage Policy means a Lender’s title insurance policy (Form 1992).
Mortgage Policy means, with respect to any Mortgage Instrument, an ALTA mortgagee title insurance policy issued by a title insurance company (the “Title Insurance Company”) selected by the Administrative Agent in an amount satisfactory to the Administrative Agent, in form and substance satisfactory to the Administrative Agent.
Mortgage Policy has the meaning assigned to such term in Section 5.10(d).
Mortgage Policy means a mortgage title insurance policy or a binding commitment with respect thereto.
Mortgage Policy means each mortgage title insurance policy (and all endorsements thereto) for each Mortgaged Property required to be delivered pursuant to this Agreement.
Mortgage Policy has the meaning assigned to such term in the definition ofCollateral and Guarantee Requirement”.