Updated Title Commitments definition

Updated Title Commitments has the meaning set forth in Section 6.24.
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Updated Title Commitments means, with respect to each parcel of Owned Real Property, a current commitment for the issuance of an ALTA form owner’s title insurance policy written by the Title Company in amount equal to the fair market value of such parcel of Owned Real Property and otherwise in form and substance reasonably satisfactory to Buyer, providing that, upon the satisfaction of the conditions specified therein, in accordance with and to the extent provided in such title insurance policy, Buyer will have good and valid title to such parcel of Owned Real Property (including all appurtenant easements), free and clear of all Liens, except for Permitted Liens.
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Updated Title Commitments means updates to the title reports or ALTA commitments previously made available to Purchaser for title insurance issued by the Title Companies in respect of the Owned Real Property located in the United States and the Great America Real Property on the Title Companies' most current form together with legible copies of all instruments referred to therein (to the extent located by the Title Companies).
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Examples of Updated Title Commitments in a sentence

  • The Updated Title Commitments shall have been delivered to Purchaser in accordance with Section 2.04.

  • No later that 15 days after Buyer has received updated commitments for the issuance of the Title Policies (the “Updated Title Commitments”), Buyer may provide a written notice (“Objection Notice”) to Seller of any Liens, defects or exceptions (other than Permitted Exceptions) that appear on the Updated Title Commitments, but did not appear on the Title Commitments.

  • At Closing, Seller shall indemnify and hold the Title Company harmless from any exceptions to the Updated Title Commitments created by, through or under Seller or any of its Affiliates during the period between the issuance of the Title Commitments and the issuance of the Updated Title Commitments.

  • Seller shall promptly be reimbursed by Purchaser for all costs and expenses paid (a) at Purchaser's request or (b) incurred in connection with obtaining any such Updated Title Commitments and Updated Surveys.

  • The T-1 Owner’s Policy of Title Insurance in the amount of the Purchase Price that the Title Company commits to issue pursuant to the Title Commitment and any Updated Title Commitment(s) issued as required by Section 6.01(a) hereof.

  • Subject to approval by the Title Companies, the metes and bounds legal descriptions of the land encompassing the Real Property and contained on the Updated Surveys shall be used in the Updated Title Commitments and in all documents of transfer to be executed hereunder wherein the legal descriptions should appear.

  • The rapid growth of the financial sector was facilitated by the low interest rate environment and a surge in innovative, but often highly complex financial products that allowed financial institutions to expand their activities on and off their balance sheets.

  • If requested by Purchaser, Seller agrees to use commercially reasonable efforts to provide to the Purchaser Updated Title Commitments and Updated Surveys to the Owned Real Property located in the United States and the Great America Real Property, as soon as practicable; provided that in no event shall the receipt of any such Updated Title Commitments and Updated Surveys be a condition to or delay the Closing.

  • Send written notices of the date of deposit to the City and all interested parties.* Updated Title Commitments shall be paid directly by City.

  • Updated Title Commitments, to the ------------------------- extent required to remove or insure over any Title Defects reflected on previously delivered Title Commitments, along with the Title Company's irrevocable commitment to issue title insurance policies.


More Definitions of Updated Title Commitments

Updated Title Commitments means, with respect to each parcel of Owned Real Property, a current commitment for the issuance of an ALTA form owner’s title insurance policy written by a nationally recognized title insurance company in amount equal to the fair market value of such parcel of Owned Real Property, providing that, upon the satisfaction of the conditions specified therein, the Company will have good and marketable title to such parcel of Owned Real Property (including all appurtenant easements).
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Related to Updated Title Commitments

  • Title Commitments has the meaning set forth in Section 5.9.

  • Title Commitment shall have the meaning set forth in Section 4.2.

  • Title Policies has the meaning set forth in Section 6.17.

  • Title Policy shall have the meaning set forth in Section 4.2.

  • Existing Title Policy means, the existing title insurance policy for the Property.

  • Owner’s Title Policy means those certain ALTA extended coverage owner’s policies of title insurance issued in connection with the closing of the Mortgage Loan insuring the Mortgage Borrower as the owner of the Property.

  • Title Insurance An American Land Title Association (ALTA) mortgage loan title policy form 1970, or other form of Title Insurance Policy acceptable to FNMA or FHLMC, including all riders and endorsements thereto, insuring that the Security Instrument constitutes a valid first lien on the related Mortgaged Property subject only to permitted encumbrances.

  • Title Report has the meaning set forth in Section 5.4(b).

  • Survey means a survey of the Property prepared by a surveyor licensed in the State and satisfactory to Lender and the company or companies issuing the Title Insurance Policy, and containing a certification of such surveyor satisfactory to Lender.

  • Title Insurance Policies means, with respect to each Individual Property, an ALTA mortgagee title insurance policy in a form acceptable to Lender (or, if an Individual Property is in a State which does not permit the issuance of such ALTA policy, such form as shall be permitted in such State and acceptable to Lender) issued with respect to such Individual Property and insuring the lien of the Mortgage encumbering such Individual Property.

  • Title Documents shall have the meaning set forth in Section 4.1.

  • Existing Survey means the existing ALTA survey of the Property.

  • Title Insurer means Chicago Title Insurance Company.

  • Title Company means First American Title Insurance Company.

  • Title Defect Property has the meaning set forth in Section 6.2(a).

  • Title Insurance Policy A title insurance policy maintained with respect to a Mortgage Loan.

  • Updated Appraisal means an Appraisal of the Mortgaged Property or related REO Property, as the case may be, conducted subsequent to any Appraisal performed on or prior to the date of this Agreement by an Appraiser, selected by the applicable Servicer, in accordance with MAI standards, the costs of which shall be paid as a Property Advance by the Lead Securitization Note Holder or applicable Servicer.

  • Surveys has the meaning set forth in Section 4(o) above.

  • Service commitment area means a medically underserved Iowa city with a population of less than 26,000 that is located more than 20 miles from a city with a population of 50,000 or more. Each applicant participating in the program must contract with the service commitment area to ensure the service commitment area provides a nonrefundable $2,000 contribution for deposit in the rural Iowa advanced registered nurse practitioner and physician assistant trust fund. Payment of the nonrefundable contribution to the trust fund can be made by, but is not limited to, the following organizations: community agencies, hospitals, medical groups, municipalities, community foundations, local government entities, or other community entities. Locations and distances between cities will be consistently measured and verified by calculating the straight-line distance between main post offices.

  • Title Document means, with respect to any Financed Vehicle, the certificate of title for, or other evidence of ownership of, such Financed Vehicle issued by the Registrar of Titles in the jurisdiction in which such Financed Vehicle is registered.

  • Closing Date Mortgaged Property as defined in Section 3.1(h).

  • Preliminary Title Report A report issued by a title insurance company in anticipation of issuing a Title Insurance policy which evidences existing liens and gives a preliminary opinion as to the absence of any encumbrance on title to a Mortgaged Property, except liens to be removed on or before purchase or refinance, as the case may be, by the Borrower and Permitted Encumbrances.

  • Mortgage Policies has the meaning specified in Section 6.13(b)(ii).

  • Title V means Title V of the federal Act for the Senior Community Service Employment Program for Older Americans.

  • Permitted Exceptions shall have the meaning set forth in Section 4.3.

  • Commitment Schedule means the Schedule attached hereto identified as such.