Mortgage Policies Sample Clauses

Mortgage Policies. Fully paid American Land Title Association Lender’s Extended Coverage title insurance policies in form and substance reasonably acceptable to Administrative Agent (the “Mortgage Policies”), with endorsements and in amounts acceptable to the Administrative Agent, issued, coinsured and reinsured by title insurers acceptable to the Administrative Agent, insuring the Mortgages to be valid first and subsisting Liens on the property described therein, free and clear of all defects (including, but not limited to, mechanics’ and materialmen’s Liens) and encumbrances, excepting only Permitted Liens, and providing for such other affirmative insurance (including endorsements for future advances under the Loan Documents, for mechanics’ and materialmen’s Liens and for zoning of the applicable property) and such coinsurance and direct access reinsurance as the Administrative Agent may deem necessary or desirable. Further, each Loan Party agrees to provide or obtain any customary affidavits and indemnities as may be required or necessary to obtain title insurance satisfactory to the Administrative Agent.

Mortgage Policies. Mortgage policies of title insurance (which, if satisfactory to the Required Holders, may be in the form of a xxxx-up of pro forma mortgage policies which are satisfactory to the Required Holders subsequently to be followed by mortgage policies) relating to each Mortgage of the Mortgaged Property referred to above, issued by a title insurer reasonably satisfactory to the Required Holders (the “Title Company”), in an insured amount satisfactory to the Required Holders and insuring the Collateral Agent that the Mortgage on each such Mortgaged Property is a valid and enforceable first priority mortgage lien on such Mortgaged Property, free and clear of all defects and encumbrances except Liens permitted by Section 10.5 of the Note Purchase Agreement, with each such mortgage policy (A) to be in form and substance satisfactory to the Required Holders, (B) not to include any exception(s) for mechanic's liens, and (C) to provide for affirmative insurance and endorsements (to the extent applicable and available in the relevant jurisdiction) as the Collateral Agent may reasonably request.

Mortgage Policies. The Borrower will deliver, or cause to be delivered, within ten (10) Business Days after the Effective Date, Mortgage Policies complying with the requirements set forth in Section 5.10(b);

Mortgage Policies. A lender's title insurance policy issued by title insurers reasonably satisfactory to Administrative Agent (a "Mortgage Policy") in form and substance and in amounts reasonably satisfactory to the Administrative Agent assuring that the Mortgage which cover such property creates a valid and enforceable first priority mortgage lien on the property, free and clear of all defects and encumbrances except for minor defects in title that do not impair the value thereof and other defects and encumbrances approved by the Administrative Agent. The Mortgage Policy shall include an endorsement insuring against the effect of future advances under this Agreement, for mechanics' liens and for any other matter that the Administrative Agent may reasonably request, and shall provide for affirmative insurance and such reinsurance as the Administrative Agent may reasonably request.

Mortgage Policies. Fully paid American [or Texas, California, as/if applicable] Land Title Association Lender’s Extended Coverage title insurance policies in form and substance reasonably acceptable to Administrative Agent (the “Mortgage Policies”), with endorsements and in amounts acceptable to the Administrative Agent, issued by title insurers acceptable to the Administrative Agent (“Title Insurance Company”), insuring the Mortgages to be valid first and subsisting Liens on the Real Property described therein, free and clear of all defects (including, but not limited to, mechanics’ and materialmen’s Liens) and encumbrances, excepting only Permitted Liens (as defined in the respective Mortgage), and providing for such other affirmative insurance and endorsements to title and such coinsurance and direct access reinsurance as the Administrative Agent may deem necessary or desirable. Further, each Loan Party agrees to provide or obtain any customary affidavits and indemnities as may be required or necessary to obtain Mortgage Policies satisfactory to the Administrative Agent and the Title Insurance Company.

Mortgage Policies a) The portfolio will consist of a broad range of mortgage products, diversified by geographic location, type of mortgage, size of mortgage, and type of real estate. It may include direct mortgage loans and mortgage instruments (e.g., mortgage bonds).