Title Report has the meaning set forth in Section 5.4(b).
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.
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.
Survey Report means a report of the results of a Survey, containing the information set out in clause 12.4 and Schedule 6.
Survey means a survey of the Property prepared by a surveyor licensed in the State and satisfactory to Lender and the company or companies issuing the Title Insurance Policy, and containing a certification of such surveyor satisfactory to Lender.
Existing Title Policy means, the existing title insurance policy for the Property.
Existing Survey means the existing ALTA survey of the Property.
Title Commitment shall have the meaning set forth in Section 4.2.
Title Policy shall have the meaning set forth in Section 4.2.
Record of survey map means a map of a survey of land prepared in accordance with Section 10-9a-603, 17-23-17, 17-27a-603, or 57-8-13.
Title Policies has the meaning set forth in Section 6.17.
Title Documents shall have the meaning set forth in Section 4.1.
Real Property Deliverables means each of the following agreements, instruments and other documents in respect of each Facility:
Title Objections has the meaning ascribed to such term in Section 6.2(a).
Survey Area means the area of land or waters the subject of a Survey, or proposed to be the subject of a Survey.
Phase I Report means, with respect to any Facility, a report that (i) conforms to the ASTM Standard Practice for Environmental Site Assessments: Phase I Environmental Site Assessment Process, E 1527, (ii) was conducted no more than six months prior to the date such report is required to be delivered hereunder, by one or more environmental consulting firms reasonably satisfactory to Administrative Agent, (iii) includes an assessment of asbestos-containing materials at such Facility, (iv) is accompanied by (a) an estimate of the reasonable worst-case cost of investigating and remediating any Hazardous Materials Activity identified in the Phase I Report as giving rise to an actual or potential material violation of any Environmental Law or as presenting a material risk of giving rise to a material Environmental Claim, and (b) a current compliance audit setting forth an assessment of Holdings’, its Subsidiaries’ and such Facility’s current and past compliance with Environmental Laws and an estimate of the cost of rectifying any non-compliance with current Environmental Laws identified therein and the cost of compliance with reasonably anticipated future Environmental Laws identified therein.
Title Objection shall have the meaning assigned thereto in Section 8.5.
Permitted Exceptions shall have the meaning set forth in Section 4.3.
Land surveyor means the land surveyor appointed by the Seller, to act as such from time to time in respect of the Development or a member of a firm so appointed.
Title V means Title V of the federal Act for the Senior Community Service Employment Program for Older Americans.
Permitted Exception means that, with respect to any representation, warranty or covenant with respect to the interest of the Buyer and its assignees in the ARSC Purchased Assets or any Servicer Default, that (i) prior to recordation (A) pursuant to Section 8.3 of this Agreement and/or Section 2.01(d)(i) of the Transfer and Servicing Agreement or (B) upon the sale of a Home to an Ultimate Buyer, record title to such Home may remain in the name of the related Transferred Employee, and no recordation in real estate records of any mortgage or any conveyance pursuant to the related Home Purchase Contract or Home Sale Contract in favor of any Transaction Party or any of the Buyer’s assignees and assigns pursuant to the Receivables Purchase Agreement will be made except as otherwise permitted under Section 2.01(d)(i) of the Transfer and Servicing Agreement and (ii) no delivery of any Home Purchase Contracts, Home Deeds and Equity Loan Notes to any custodian will be required.
Title Insurer means Chicago Title Insurance Company.
Preliminary Report means the communication used for the prompt dissemination of data obtained during the early stages of the investigation;
Surveys has the meaning set forth in Section 4(o) above.
Preliminary Closing Statement has the meaning specified in Section 2.3(a)(ii).
Title Commitments has the meaning set forth in Section 5.9.