Title Continuation definition
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 the Title Insurance Policy indicating that, since the last preceding Advance, there has been no adverse change in the state of title to the Property (except as permitted under this Agreement) and no Liens (except for Permitted Encumbrances) or survey exceptions not previously approved by Lender 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 Insurance Policy to the date of such Advance and increasing the coverage of the Title Insurance Policy by an amount equal to the Advance then being made if the Title Insurance Policy does not by its terms provide for such an increase.
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.
VBC ENERGIA S.A. Name: Name: Title Title 521 PARTICIPAÇÕES S.A. Name: Name: Title Title Continuation of the signatures of the Amendment # 2 to the Shareholders Agreement of CPFL Energia S.A. executed on November 5, 2003.
Lender must approve any such Operating Deficits Funding Request unless Lender determines (A) an Event of Default has occurred and is continuing, (B) the Operating Deficits Funding Request violates the Loan balancing provisions of Section 3.7, (C) the Operating Deficits Funding Request does not relate to Approved Operating Expenses, or (D) Lender is not issued a Title Continuation in the form required under Section 5.3(g).
There are no mechanic’s, workmen’s, materialmen’s, construction or other like Liens encumbering the Collateral (other than Permitted Liens), regardless of whether such Liens appear as an exception to the Title Insurance Policy or the Title Continuation.
More Definitions of Title Continuation
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, 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 Senior 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 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 an endorsement to the title policy issued by ▇▇▇▇▇▇▇ Title Insurance Company in the amount of $438,500,000 in favor of Collateral Agent ensuring the lien of the Mortgage (the "Title Policy") indicating that, since the last preceding disbursement, there has been no change in the state of title to the Site and the Facility, including no Liens or survey exceptions not theretofore approved by Collateral Agent, which endorsement shall contain no exceptions for inchoate mechanic's liens and shall have the effect of continuing the Title Policy to the date of such Requisition and increasing the coverage of the Title Policy by an amount equal to the disbursement then being made if the Title Policy does not by its terms provide for such an increase.
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, 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. 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.