Zoning Endorsement Sample Clauses

Zoning Endorsement. If the Title Commitment discloses any exceptions to title other than the Permitted Exceptions and the Abatement Exceptions, and if Seller for any reason cannot have such other exceptions waived or insured over (provided, that if such exceptions can be waived or insured over they shall be deemed to be "Abatement Exceptions") Purchaser, at its option may elect' by notifying Seller within ten (10) days after receipt of the Title Commitment, the aforesaid title documents and the Survey referred to in subparagraph (b) below, to terminate this Contract in which event the Earnxxx Xxxey shall be returned to Purchaser and neither party shall have any further liability to the other. If no such notice is given, this Contract shall remain in full force and effect and any such other exceptions shown in the Title.Commitment shall be deemed to be among the "Permitted Exceptions" except that Seller shall, subject to the provisions of subparagraph (d) below, at its sole cost, cause the Abatement Exceptions to be removed or insured over prior to or at the Closing. Seller shall, at its sole cost,
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Zoning Endorsement. (ii) a report from a zoning consultant reasonably satisfactory to the Lender stating that the Property is in compliance with the zoning requirements, or (iii) a letter from the zoning board, or other equivalent body, of the applicable jurisdiction confirming that the Property is in compliance with zoning requirements
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Zoning Endorsement. There are two different types of zoning endorsements. The first type is desirable where it is contemplated that improvements will be made to the subject property. The zoning of the subject property is stated in the ITG Certificate, a list of permitted uses is provided, and protection is given against losses resulting from a determination that the insured is unable to use the subject property pursuant to the listed zoning or uses. The second type of zoning endorsement, called the Completed Structure endorsement, protects against losses suffered as a result of a court order or judgment that the improvements, present on the property at the time of the transaction, are in violation of local zoning law.
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Zoning Endorsement. Purchaser shall have obtained, at Purchaser’s expense, an ALTA Zoning 3.1 endorsement in form and substance reasonably acceptable to Purchaser. In the event that any of the Purchaser’s Conditions Precedent are not satisfied prior to the Closing, Purchaser, in its sole discretion, may terminate this Agreement by written notice to Seller prior to the Closing Date, in which event, except as set forth below, the Xxxxxxx Money shall be promptly returned to Purchaser and neither party shall have any further liability to the other except as specifically set forth in this Agreement.
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Zoning Endorsement. Lender shall have received a zoning ------------------ endorsement satisfactory to Lender with respect to each Facility delivered by the Title Company, provided the Title Company insures that such post-closing delivery will -------- not affect the title insurance provided at Closing, including without limitation altering the priority of Lender's lien.
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Zoning Endorsement. TJC. The Jordan Company, a New York general partnership.
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Zoning Endorsement. Because of the alleged Zoning Violations, Endorsement Form 123.2 (Zoning) will not be a Scheduled Endorsement to the Title Policy insuring the Xxxxx Xxxxxx College Tract; provided, that upon the City's issuance of the Compliance Letter, Buyer may request such zoning endorsement from the Title Company. If the Title Company issues the zoning endorsement to Buyer, the Selling Parties will reimburse Buyer for the cost of such endorsement (based on the premium in effect as of the Close of Escrow).
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Zoning Endorsement. Total Commitment. The sum of the Tranche A Commitment Amount plus, until the Tranche C Conversion Date, the Tranche C Commitment Amount. Total Funded Debt. At any time of determination, the sum of (a) the outstanding principal amount of the Loans and other Obligations due and payable, plus (b) the outstanding principal amount of any other Indebtedness for borrowed money owed by HoldCo, the Borrower or any of its Subsidiaries (other than Excluded Subsidiaries) on a consolidated basis (including, without limitation, the outstanding principal amount of all Indebtedness permitted under Section 10.1(k) hereof), plus (c) to the extent not otherwise included, all obligations (contingent or otherwise) relating to letters of credit issued for the account of the Borrower and/or its Subsidiaries, other than Excluded Subsidiaries, plus (d) to the extent not otherwise included, all liabilities in respect of Capitalized Leases of the Borrower and/or its Subsidiaries, other than Excluded Subsidiaries, on a consolidated basis, plus (e) to the extent not otherwise included, all purchase money indebtedness, other than the SF Broadcasting Seller Note.
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Zoning Endorsement. (with express -------------- parking coverage).
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Related to Zoning Endorsement

  • No Endorsement Nothing in this Public License constitutes or may be construed as permission to assert or imply that You are, or that Your use of the Licensed Material is, connected with, or sponsored, endorsed, or granted official status by, the Licensor or others designated to receive attribution as provided in Section 3(a)(1)(A)(i).

  • Endorsement The Supplier must not claim that Sourcewell endorses its Equipment, Products, or Services.

  • Endorsements Each Comprehensive or Commercial General Liability policy shall be endorsed with the following specific language:

  • APPOINTMENT OF SUB-AGENTS; ENDORSEMENTS, ETC If and to the extent necessary to enable the Pledgee to perfect its security interest in any of the Collateral or to exercise any of its remedies hereunder, the Pledgee shall have the right to appoint one or more sub-agents for the purpose of retaining physical possession of the Collateral, which may be held (in the discretion of the Pledgee) in the name of the relevant Pledgor, endorsed or assigned in blank or in favor of the Pledgee or any nominee or nominees of the Pledgee or a sub-agent appointed by the Pledgee.

  • Title Insurance Policies The Borrower will deliver to the Administrative Agent a policy of title insurance (or marked-up title insurance commitment or title proforma having the effect of a policy of title insurance) (a “Title Policy”) insuring the Lien of such Mortgage as a valid first mortgage or deed of trust Lien on the Mortgaged Property described therein in an amount not less than the estimated fair market value of such Mortgaged Property as reasonably determined by the Borrower, which Title Policy shall (A) be issued by a nationally-recognized title insurance company reasonably acceptable to the Administrative Agent (the “Title Company”), (B) include such reinsurance arrangements (with provisions for direct access, if necessary) as shall be reasonably acceptable to the Administrative Agent, (C) be supplemented by a “tie-in” or “aggregation” endorsement, if available under applicable law, and such other endorsements as may reasonably be requested by the Administrative Agent (including (to the extent available in the applicable jurisdiction and/or with respect to the Mortgaged Property, in each case, on commercially reasonable terms) endorsements on matters relating to usury, first loss, zoning, contiguity, revolving credit, doing business, public road access, survey, variable rate, environmental lien, subdivision, mortgage recording tax, separate tax lot, and so-called comprehensive coverage over covenants and restrictions) if available under applicable law at commercially reasonable rates and (D) contain no other exceptions to title other than Permitted Liens and other exceptions acceptable to the Administrative Agent in its reasonable discretion;

  • Title Insurance Policy In all cases, the Seller undertakes to remove any encumbrance that will materially interfere with the procurement of a title insurance policy or financing necessary for the purchase of the Property, whether the same is included in the above enumeration or not. Further, the Seller undertakes to, in good faith, cooperate with and assist the Buyer fully in obtaining a title insurance policy. The Seller shall be obligated to take all legal and reasonably necessary action in order to procure such title insurance policy but shall not incur any additional liability in relation thereto. If the title to the Property is not in a condition that is compliant with the above, if the Seller fails or refuses to comply with the Seller’s obligations under this section, or if the Parties are unable to obtain a title insurance policy, the Buyer may, in the Buyer’s sole discretion, accept the title as it is and proceed with the purchase under this Agreement, or terminate this Agreement and recover the Xxxxxxx Money, costs incurred in relation to this Agreement and .

  • Maintenance of Mortgage Impairment Insurance Policy In the event that the Servicer shall obtain and maintain a blanket policy issued by an insurer that has a general policy rating of B:VI or better in Best's Key Rating Guide insuring against hazard losses on all of the Mortgage Loans, then, to the extent such policy provides coverage in an amount equal to the amount required pursuant to Section 3.10 and otherwise complies with all other requirements of Section 3.10, it shall conclusively be deemed to have satisfied its obligations as set forth in Section 3.10, it being understood and agreed that such policy may contain a deductible clause, in which case the Servicer shall, in the event that there shall not have been maintained on the related Mortgaged Property or REO Property a policy complying with Section 3.10, and there shall have been a loss which would have been covered by such policy, deliver to the Trustee for deposit in the Distribution Account the amount not otherwise payable under the blanket policy because of such deductible clause, which amount shall not be reimbursable to the Servicer from the Trust Fund. In connection with its activities as servicer of the Mortgage Loans, the Servicer agrees to prepare and present, on behalf of the Trustee, claims under any such blanket policy in a timely fashion in accordance with the terms of such policy. Upon request of the Trustee, the Servicer shall cause to be delivered to the Trustee a certified true copy of such policy and a statement from the insurer thereunder that such policy shall in no event be terminated or materially modified without thirty days prior written notice to the Trustee.

  • Maintenance of the Primary Mortgage Insurance Policies (a) The Master Servicer shall not take, or knowingly permit any Servicer (consistent with the applicable Servicing Agreement) to take, any action that would result in non-coverage under any applicable Primary Mortgage Insurance Policy of any loss which, but for the actions of such Master Servicer or Servicer, would have been covered thereunder. To the extent that coverage is available, the Master Servicer shall use its best reasonable efforts to keep in force and effect, or to cause each Servicer to keep in force and effect (to the extent that the Mortgage Loan requires the Mortgagor to maintain such insurance), primary mortgage insurance applicable to each Mortgage Loan in accordance with the provisions of this Agreement and the related Servicing Agreement, as applicable. The Master Servicer shall not, and shall not permit any Servicer to, cancel or refuse to renew any such Primary Mortgage Insurance Policy that is in effect at the date of the initial issuance of the Certificates and is required to be kept in force hereunder except as required by applicable law or in accordance with the provisions of this Agreement and the related Servicing Agreement, as applicable.

  • Title Policy Seller shall furnish to Buyer at ❑ Seller’s ❑ Xxxxx’s expense an owner policy of title insurance (Title Policy) issued by (Title Company) in the amount of the Sales Price, dated at or after closing, insuring Buyer against loss under the provisions of the Title Policy, subject to the promulgated exclusions (including existing building and zoning ordinances) and the following exceptions:

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