Title Pro Forma definition
Examples of Title Pro Forma in a sentence
Notwithstanding anything to the contrary contained herein, Seller and Buyer hereby acknowledge that title to the Owned Real Property will be conveyed to Buyer at Closing subject to the exceptions set forth in the Title Pro Forma, and Buyer further acknowledges that Buyer’s sole recourse following Closing with respect to title matters relating to the Owned Real Property will be against the Title Company under the Title Policy.
Existing Members have delivered to Investor a copy of the Title Commitment and the Title Pro Forma.
Borrower or Original Borrower shall have delivered to Lender a signed and marked lender’s title insurance commitment and an executed Loan Title Pro Forma, each of the foregoing with such endorsements as Lender may require, in Lender’s favor in an amount equal to the outstanding balance of the Debt, from a title insurer pre-approved by Lender, insuring the Deed of Trust and dated as of the date of the Transfer.
Borrower shall deliver to Lender a signed and marked lender’s title insurance commitment, a Loan Title Pro Forma, and an Owner’s Title Pro Forma, all of the foregoing with such endorsements as Lender may require, in Lender’s favor in an amount equal to the Loan Amount, from a title insurer pre-approved by Lender, insuring the Deed of Trust dated as of the date of recording.
Any and all exceptions to title as reflected on Schedule B of the Title Pro Forma attached hereto as Exhibit O shall be deemed to constitute Permitted Title Exceptions.
The Buyer has received and reviewed a copy of each Title Pro Forma and Survey.
With respect to the Second Closing as to WHQ, Symantec shall be responsible for the costs of a CLTA owner's policy and TST shall be responsible for any costs of title insurance in excess thereof; provided, however, if any Title Pro Forma includes a mechanics lien endorsement, the Transferor Party with respect to the Closing in which such a Title Pro Forma is required shall be responsible for providing such indemnities as may be required by the Title Insurer as a condition to providing such endorsement.
During the Feasibility Period, each Party shall be responsible for obtaining from the Title Insurer such title information as each Party shall deem appropriate and to obtain the binding commitment of the Title Insurer as to the form of Title Policy including endorsements that the Title Insurer will deliver at Closing which commitment shall only be subject to the effect of encumbrances to title occurring subsequent to the date of such Title Pro Forma.
If such Transferee Party approves the Additional Encumbrances within such time period, then the Additional Encumbrances shall be deemed Permitted Exceptions and the Title Pro Forma identified on Exhibit L for the Property affected shall be deemed amended to incorporate the Amendment.
Borrower or Interim Borrower shall have delivered to Lender a signed and marked lender’s title insurance commitment and an executed Loan Title Pro Forma, each of the foregoing with such endorsements as Lender may require, in Lender’s favor in an amount equal to the outstanding balance of the Debt, from a title insurer pre-approved by Lender, insuring the Deed of Trust and dated as of the date of the Transfer.