Title Binder definition

Title Binder means each Mortgagee Title Policy Binder on Interim Construction Loan and all endorsements thereto requested by Lender, in the total amount of the applicable Loan, issued in favor of Lender and naming Lender and its assigns as the proposed insured mortgagee by the Title Company and committing to insure that title to the Property described in the applicable Deed of Trust is vested in Borrower, free and clear of any Lien, objection, exception or requirement other than the Permitted Exceptions, and that such Deed of Trust creates a first lien on the Property, subject only to Permitted Exceptions and committing to issue such endorsements as Lender may require, along with all extensions required to keep such Title Binder in full force and effect, and if Lender believes at any time there is or will be a dispute concerning the validity or priority of Lender’s Lien on any Lot or Home, a mortgagee title insurance policy reasonably required by Lender.

Title Binder means the Commitment for Owner’s Title Insurance Policy issued by the Title Company in accordance with the terms and provisions of Section 2.01.

Title Binder means the preliminary commitment therefore as in the case of the due diligence title review referenced in Section 12, issued by the Title Company, and the Title Documents, collectively.

Examples of Title Binder in a sentence

• Seller has received no written notice of any public improvements in the nature of off-site improvements, or otherwise, which have been ordered to be made and/or which have not heretofore been assessed, and, to Seller's knowledge, there are no special or general assessments currently affecting or pending against the Property, except as set forth in the Title Binder.

• Buyer shall promptly deliver to the Buyer a copy of the Title Binder, together with a notice of any items disclosed on the Title Binder which is not a Permitted Exception (a "Title Objection").

• Any title encumbrances or exceptions that are set forth in the Title Binder or the Survey and to which Buyer does not object shall be deemed to be permitted exceptions to the status of Seller's title ("Permitted Exceptions").

• L.A. Gear expects its business partners to be aware of and to comply with any and all local legal requirements applicable to the conduct of their respective businesses.

• Purchaser's failure to object to any item on the Title Binder or survey within the time limitation imposed hereby shall be deemed to be approval of same by Purchaser.

More Definitions of Title Binder

Title Binder shall have the meaning specified in Subsection 5.32.1 hereof.

Title Binder. Title Company", "Title Insurer" and "Title Policy" each has the meaning set forth in the definition of "Title Insurance."

Title Binder shall have the meaning assigned to such term in SECTION 4.3.

Title Binder means a commitment for an Owner's Title Insurance Policy issued by the Title Company with respect to the Land and the Improvements pursuant to which the Title Company commits to issue to Buyer an ALTA Form 1970-B Owner's Policy (but if an ALTA Form 1970-B Policy is not available, then an ALTA Form 1992-B Title Policy) of title insurance in an amount not less than the Purchase Price.

Title Binder have the meanings set forth in Section 7(a)(v) below.

Title Binder means: That certain title insurance commitment and report issued by Commonwealth All Service Title Agency as agent for Commonwealth Land Title Insurance Company.

Title Binder means Binder No. 129202 dated June 15, 1998 issued by Title Company and attached as EXHIBIT G hereto with respect to the Hotel.