Preliminary Title Report definition

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.

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Preliminary Title Report means the preliminary commitment for title insurance committing to insure marketable fee simple title as of the date of the Closing, subject only to the Permitted Liens.

Preliminary Title Report shall have the meaning given to such term in Section 4.1(b) hereof.

Examples of Preliminary Title Report in a sentence

• Title will be marketable in Seller at the time of Closing, subject to the matters set forth in the Preliminary Title Report delivered to Purchaser pursuant to Section 9.c below (the “Preliminary Report”), the documents referred to in Section 9 below and those matters shown on the Map of the Project.

• Copies of all documents referred to in Schedule B of the Preliminary Title Report must be attached to the Preliminary Title Report or otherwise delivered to the Operating Partnership.

• Neither the Contributor (nor its affiliates) has received any notification of any material new or increased general or special tax assessments for the Property except as may be disclosed in the Preliminary Title Report, as of the Effective Date, or as may be disclosed in the Title Policy as of the Closing.

• Escrow Holder shall deliver a Preliminary Title Report for the Property (the “Preliminary Report”) to Buyer within three (3) days after the Opening of Escrow.

• The Operating Partnership shall have until 11:59 pm EST on the later of (i) 10 days prior to the expiration of the Due Diligence Period and (ii) 5 days after the date which the Operating Partnership receives the Preliminary Title Report to examine title and make any objections thereto and making of requests for specific endorsements, said objections or requests (“Objections”) to be made in writing or deemed waived.

More Definitions of Preliminary Title Report

Preliminary Title Report shall have the meaning set forth in SECTION 7.1.

Preliminary Title Report shall have the meaning set forth in Section 2.2(d).

Preliminary Title Report means a title report prepared by a company qualified to issue a Lender’s Title Insurance Policy that sets forth (a) the legal description of the Mortgaged Premises and (b) the status of title to the Mortgaged Premises as of the stated effective date of such title report.

Preliminary Title Report is defined in Section 304.5 of this Agreement.

Preliminary Title Report means an ownership and encumbrance search conducted by a title agent with respect to the Mortgaged Property. Any review or acceptance by Lender of such Preliminary Title Report shall not operate to modify or waive any provisions of the Lender Procedures regarding closing procedures or title exceptions. Lender reserves the right to require satisfaction or removal of any title exception that is unacceptable to Lender.

Preliminary Title Report. As defined in Section 7.1 hereof.

Preliminary Title Report. PRELIMINARY TITLE REPORT" has the meaning set forth in SECTION 6.11 "Title to Real Property and Leased Property."