Title Continuation means a written notice issued by the Title Insurance Company (including their local title insurance abstractors) confirming the status of title as set forth in the Title Insurance Policy, which indicates that, since the last preceding Funding Date (or, if the current Funding is on the Closing Date, since the date hereof), there has been no change in the title of title to the Mortgaged Property and no Liens or survey exceptions (in the case of any updated or “as-built” survey that has been issued) not theretofore approved by the Required Lenders, which written notice shall contain no recorded mechanic’s liens except as approved by the Required Lenders or as otherwise subject to a Contest.
Title Continuation means an endorsement to a Title Insurance Policy indicating that, since the issuance of such Title Insurance Policy, there has been no change in the state of title to the applicable Property and no Liens or survey exceptions not theretofore approved by Agent as provided herein, which notice or endorsements shall contain no exception for inchoate mechanic’s liens and shall have the effect of continuing such Title Insurance Policy to the date of such endorsement and increasing the Title Insurance Policy to the Allocated Title Amount, after giving effect to any additional Loans made with respect to such Property.
Title Continuation means an endorsement to the Title Policy indicating that, since the last preceding Advance, there has been no change in the state of title to the Premises and no Liens or survey exceptions other than Permitted Encumbrances approved by Lender, which endorsement shall affirmatively insure that no mechanic's or supplier's Liens have attached, all of which shall have the effect of continuing the Title Policy, and insuring the continued priority of the Lien of the Mortgage, to the date of such Advance and increasing the coverage of the Title Policy by an amount equal to the Advance then being made if the Title Policy does not by its terms provide for such an increase. If available, such Title Continuation shall contain affirmative insurance that neither public nor private conditions, covenants or restrictions, if any, affecting the Premises have been violated and that all Taxes are current.
Examples of Title Continuation in a sentence
São Paulo, March 22, 2002 VBC ENERGIA S.A. Name: Name: Title: Title: 521 PARTICIPAÇÕES S.A., Name: Name: Title: Title: Continuation of the signatures of the Shareholders’ Agreement of Draft II Participações S.A. executed on March 22, 2002.
VBC ENERGIA S.A. Name: Title Name: Title 521 PARTICIPAÇÕES S.A. Name: Title Name: Title Continuation of the signatures of the Amendment # 2 to the Shareholders Agreement of CPFL Energia S.A. executed on November 5, 2003.
Total amount enclosed $_______________ [LICENSEE] By: Date: Name and Title: Continuation sheet number _____to [LICENSEE]/PSRF License Agreement Royalty Report for the Period _____________ through ______________ Use this sheet if there are additional transactions to report.
One of the investors in the Recapitalization Transaction, The Futura Corporation (“Futura”), is considered to be a related party to the Fund because of its ownership interest and the fact that Mr. Doman, the sole shareholder and president of Futura, and Mr. Rosenfeld, the Executive Vice President of Futura, sit on the Board of Trustees.
Other Items 24 3.2. Conditions to the Making of all Fairway Village I Loan Advances, and Remediation Loan Advances 24 3.2.1. Requisition 24 3.2.2. Time for Completion of Development 24 3.2.3. Waivers of Liens 24 3.2.4. Title Continuation 25 3.2.5. Conformity with Plans and Specifications or Remediation Plan 25 3.2.6. Site Plan, Public Works Agreements 25 3.2.7. Permits, etc.
More Definitions of Title Continuation
Title Continuation means an endorsement to the Title Policy indicating that, since the Closing Date or the most recent Title Continuation, as applicable, there has been no change in the state of title to the Premises (except for, in either case, Permitted Encumbrances) and no Liens or survey exceptions not theretofore approved by Agent as provided herein or otherwise permitted by this Loan Agreement, which endorsement shall contain no exception for inchoate mechanic’s liens and shall have the effect of redating the Title Policy to a date specified by Agent.
Title Continuation means an endorsement to the Mortgagee Title Policy indicating that, since the closing date of the Collaterally Assigned Loan or the date of the last preceding Advance, as the case may be, the Lien of the Collaterally Assigned Mortgage continues to be a valid lien on the Mortgaged Property, subject only to the permitted title exceptions pursuant to the Collaterally Assigned Loan Agreement, which endorsement shall contain no exception for inchoate construction or mechanic’s liens and shall have the effect of continuing the Mortgagee Title Policy to the date of such Advance, and/or increasing the coverage of the Mortgagee Title Policy by an amount equal to the Loan Advance (as defined in the Collaterally Assigned Loan Agreement) then being made (if any) if the Mortgagee Title Policy does not by its terms provide for such an increase (along with any other previous Loan Advances (as defined in the Collaterally Assigned Loan Agreement) for which a Title Continuation was not received) and which such Title Continuation shall contain the endorsements and affirmative coverage as Lender may reasonable require to the extent the same are available.
Title Continuation means a written notice issued by the Title Insurance Company (including their local title insurance abstractors) confirming the status of title as set forth in the Title Insurance Policy, which indicates that, since the last preceding Subsequent Closing Date (or if there has been no such last preceding Subsequent Closing Date, the date hereof), there has been no change in the state of title to the Premise and no Liens or survey exceptions (in the case of any updated or “as-built” survey that has been issued) not theretofore approved by the Required Purchasers, which written notice shall contain no recorded mechanic’s liens except as approved by the Required Purchasers or as otherwise subject to a Contest.
Title Continuation means an endorsement to the Title Policy indicating that (i) with respect to the first Title Continuation, since the Closing Date and (ii) with respect to each subsequent Title Continuation, since the date of the last preceding Advance, the lien of the Security Instrument continues to be a valid lien on the Property, subject only to the Permitted Encumbrances and any other exceptions previously approved by Administrative Agent, which endorsement shall contain no exception for inchoate mechanic’s liens and shall have the effect of (x) with respect to any Title Continuation required pursuant to the terms of this Agreement in connection with an Advance, continuing the Title Policy to the date of such Advance and increasing the coverage of the Title Policy by an amount equal to the Advance then being made if the Title Policy does not by its terms provide for such an increase, and (y) with respect to any Title Continuation required pursuant to the terms of this Agreement in connection with an Extension Option, continuing the Title Policy to the date of the commencement of the applicable Extension Period.
Title Continuation. An endorsement to the Title Policy indicating that since the date of the preceding Advance there have been no changes in the state of title and no intervening liens or encumbrances with respect to the Mortgaged Property not approved by Lender, including, without limitation, affirmative insurance coverage against the priority of liens for mechanics or materialmen over the lien of the Mortgage and insuring the Loan in the amount of all Advances made through the date of the applicable Title Continuation.
Title Continuation means an endorsement to the Title Policy indicating that, since the immediately preceding Earn-Out Disbursement, there has been no change in the state of title to the Premises and no Liens or survey exceptions not theretofore approved by Agent as provided herein, which notice or endorsements shall contain no exception for inchoate mechanic’s liens and shall have the effect of continuing the Title Policy to the date of such Earn-Out Disbursement and increasing the coverage of the Title Policy by an amount equal to the Earn-Out Disbursement, if any, then being made.
Title Continuation means a date-down endorsement or title insurance policy issued by the Title Insurance Company (including their local title insurance abstractors) that: (i) confirms that since the later of the date that the Title Insurance Policy or last Title Continuation was issued, there has been no change in title to the Mortgaged Property that affects the first priority of the liens and security interests created under the Mortgages covering such Mortgaged Property, and no Liens or survey exceptions (in the case of any updated or “as-built” survey that has been issued) not theretofore approved by the Required Lenders, which endorsement or policy shall contain no recorded mechanic’s liens except as approved by the Required Lenders or as otherwise subject to a Contest, and shall be in all other respects in form and substance reasonably satisfactory to the Administrative Agent; and (ii) adds to the Title Insurance Policy any newly acquired real property that must be added to the Mortgaged Property pursuant to the terms of this Agreement, including without limitation, the land transferred to the Borrower pursuant to the Huron Additional Parcel Quitclaim Deed.