Examples of Title Indemnity in a sentence
Without limiting Buyer’s rights to indemnity under this Agreement and Buyer’s rights under any Title Indemnity Agreement (as defined in Exhibit A), from and after the Closing Date, Buyer shall assume and hereby agrees to fulfill, perform, pay and discharge (or cause to be fulfilled, performed, paid or discharged) the Assumed Obligations.
Notwithstanding anything herein to the contrary, the provision of the MAC Title Indemnity shall be at Seller’s sole election and Seller shall set forth in its Seller’s Response whether or not it will provide the MAC Title Indemnity at Closing.
The indemnification and remedies set forth in Section 7.3, Article XIV, this Article XIII, Exhibit A and any Title Indemnity Agreement (as defined in Exhibit A) shall constitute the sole and exclusive post-Closing remedies of the Parties with respect to any breach of representation or warranty or non-performance of any covenant or agreement contained in this Agreement.
The MAC Title Indemnity shall survive the Closing indefinitely, and shall not be subject to the “Floor Amount” or the “Cap Amount,” as those terms are defined in Section 16.5, below, the “Survival Period,” as that term is defined in Section 11.14, below, or any other post-Closing limitations.
The MAC Title Indemnity shall be freely assignable to any lender providing financing to Buyer or a successor owner of the particular Property subject to the MAC Title Indemnity (and its lender) until such time as the Subject Material Adverse Change is removed or otherwise released from the title records of such Property.
In the event such payment is ordered by the Title Arbitrator APL may not elect to satisfy such obligation by use of the Title Indemnity Agreement pursuant to Section 11.3.
In the event such payment is ordered by the Title Arbitrator APL may not elect to satisfy such obligation by use of the Title Indemnity Agreement pursuant to Section 11.3.
A Title Indemnity or Title Insurance Policy (if permitted by Indian Law), establishing that in the event that Momentum's Indian Subsidiary's title is not good for any reason, the underwriter of the policy wi11 pay up to the fuel level of permissible indemnity or insurance.
Without limiting Buyer’s rights to indemnity under this Agreement and Buyer’s rights under any Title Indemnity Agreement (as defined in Exhibit B), from and after the Closing Date, Buyer shall assume and hereby agrees to fulfill, perform, pay and discharge (or cause to be fulfilled, performed, paid or discharged) the Assumed Obligations.
These title assurances shall include a Title Indemnity Agreement, and such post-closing title work, if any, as Administrative Agent may request.