Title Event definition

Title Event means the existence of any defect of title or Lien or encumbrance on a Project (other than Permitted Liens) in effect on the Closing Date that entitles the Collateral Agent to make a claim under the policy or policies of title insurance required pursuant to the Financing Documents.

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Title Event means the existence of any defect of title or Lien on a Project (other than Permitted Liens) that entitles the applicable Loan Party to make a claim under any title policies issued in favor of such Loan Party.

Title Event has the meaning specified in the Security Deposit Agreement.

Examples of Title Event in a sentence

The power of attorney conferred by clause 2.1 will be exercisable only on the occurrence of a Perfection of Title Event.
The Trustee and the Manager must promptly notify the Rating Agencies of the occurrence of any Trustee Default, Manager Default, Servicer Default, Perfection of Title Event or Document Transfer Event of which they are aware.
If the Issuer or any Subsidiary receives less than $5 million of Title Event Proceeds in connection with a Title Event or has less than $5 million remaining after remedying a Title Event the Issuer will cause such amounts to be deposited into the Revenue Account.
The Trustee has no duty, and is under no obligation, to investigate whether a Servicer Default or a Perfection of Title Event has occurred other than where it has actual notice that such event has occurred.
Run Walk Bike Tour Bike Race Parade Concert Street Fair Triathlon Other Event Title: Event Date(s): (month, day, year) (# of Participants # of Spectators ) Actual Event Hours: (from): AM / PM (to): AM / PM Location / Staging Area: Set up/assembly/construction Date: Start Time: AM / PM Please describe the scope of your setup / assembly work (specific details): Dismantle Date: Completion time: AM / PM List any street(s) requiring closure as a result of this event.

More Definitions of Title Event

Title Event means any event arising from defect in title for which proceeds of title insurance are received by the Borrower.

Title Event shall have the meaning assigned to such term in the Depositary Agreement.

Title Event means the existence of any defect of title or Lien on any Project (other than Permitted Liens) that entitles the Company, any Project Company or the Collateral Agent to make a claim under any title policies issued in favor of the Company, any Project Company or the Collateral Agent.

Title Event means the existence of any defect of title or lien or encumbrance on the Mortgage Estate (other than Permitted Liens in effect on the Closing Date) that entitles the Collateral Agent to make a claim under the Title Policy.

Title Event means, on any date, any of the following events, if such event could reasonably be expected to cause or result in a Material Reduction in Value of the Collateral: (a) the failure of Borrower to be the true and lawful owner of, and to have good and indefeasible title to, any oil and gas property, or lease interest forming part of the Collateral free and clear of all Liens other than Excepted Liens or the Liens permitted pursuant to Section 9.03 of the Agreement; (b) the failure of any oil and gas lease or other interest described in any Security Agreement to be valid and subsisting and in full force and effect, insofar as it covers or relates to any Collateral; (c) any material agreement affecting the Collateral shall at any time cease to be valid, binding and enforceable against the Borrower in accordance with the terms of such document; (d) any Lien shall exist with respect to any Collateral other than Excepted Liens or the Liens permitted pursuant to Section 9.03 of the Agreement; (e) the Borrower shall suffer a writ or warrant of attachment or similar process to be issued by any court or any other creditor's right shall be exercised or attempted to be exercised against any Collateral; or (f) any material representation or warranty with respect to title or ownership or lack of liens made by the Borrower under any Loan Document shall fail to be correct in any material respect; or (g) any Collateral shall become the subject matter of litigation which would or might, in the reasonable opinion of the Lenders, upon final determination result in impairment of ownership or title to the Collateral. As used in this schedule, the following terms shall have the meaning as set forth below:

Title Event has the meaning assigned to such term in the CASDA.

Title Event means the existence of any defect of title or Lien or encumbrance on any of the Projects (other than certain Permitted Liens) in effect on the Closing Date that entitles the Collateral Agent to make a claim under the policy or policies of title insurance required pursuant to the Financing Documents.