Title Report has the meaning set forth in Section 5.4(b).
Visible sheen means the presence of a film or sheen upon or a discoloration of the surface of the discharge. A sheen can also be from a thin glistening layer of oil on the surface of the discharge.
Balance Sheet has the meaning set forth in Section 3.06.
Interim Balance Sheet as defined in Section 3.4.
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.
Preliminary Closing Balance Sheet shall have the meaning set forth in Section 2.3(c)(i).
Working Capital Statement has the meaning set forth in Section 2.3(a).
environmental statement means the document certified as the environmental statement by the Secretary of State for the purposes of this Order;
Balance Sheets has the meaning set forth in Section 4.5(a).
Closing Balance Sheet has the meaning set forth in Section 2.4(a).
Blanket encumbrance means a trust deed or mortgage or any other lien or encumbrance,
Title Documents shall have the meaning set forth in Section 4.1.
Unaudited Interim Balance Sheet shall have the meaning specified in Section 4.4(a)(ii) of the Agreement.
Title Company means First American Title Insurance Company.
Closing Working Capital Statement has the meaning set forth in Section 2.04(b)(i).
Title Insurer means Chicago Title Insurance Company.
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.
Most Recent Financial Statements has the meaning set forth in Section 4(g) below.
Company Balance Sheet has the meaning set forth in Section 3.04(e).
Closing Financial Statements has the meaning set forth in Section 6.22.
Parent Financial Statements has the meaning set forth in Section 4.6(a).
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.
Assets and Properties of any Person means all assets and properties of every kind, nature, character and description (whether real, personal or mixed, whether tangible or intangible, whether absolute, accrued, contingent, fixed or otherwise and wherever situated), including the goodwill related thereto, operated, owned or leased by such Person, including without limitation cash, cash equivalents, Investment Assets, accounts and notes receivable, chattel paper, documents, instruments, general intangibles, real estate, equipment, inventory, goods and Intellectual Property.
Pro Forma Financial Statements shall have the meaning set forth in Section 5.5(b) hereof.
Seller Financial Statements has the meaning set forth in Section 3.5(a).
Reciprocal state means a state other than this state in which section 507C.18, subsection 1, sections 507C.52 and 507C.53 and sections 507C.55 through 507C.57 are in force, and in which provisions are in force requiring that the commissioner or equivalent official be the receiver of a delinquent insurer, and in which some provision exists for the avoidance of fraudulent conveyances and preferential transfers.