Common use of Further Assurance of Title Clause in Contracts

Further Assurance of Title. To further assure title as follows: If at any time Bank or Bank's counsel has reason to believe that any Advance is not secured or will or may not be secured by the Mortgage as a first lien or security interest on the Project, then Company shall, within ten (10) days after written notice from Bank, do all things and matters necessary, to assure to the satisfaction of Bank and Bank's counsel that any Advance previously made hereunder or to be made hereunder is secured or will be secured by the Mortgage as a first lien or first security interest on the Project, and Bank, at its option, may decline to make further Advances hereunder until Bank has received such assurance.

Further Assurance of Title. To further assure title as follows: If if at any time the Bank or the Bank's counsel has reason to believe that any Advance is not secured or will or may not be secured by the Mortgage as a first lien or security interest on the ProjectProject Facility, then the Company shall, within ten (10) days after written notice from the Bank, do all things and matters necessary, to assure to the satisfaction of the Bank and the Bank's counsel that any Advance previously made hereunder by the Trustee or to be made hereunder made, is secured or will be secured by the Mortgage as a valid first mortgage lien or first collateral security interest on the ProjectProject Facility, and the Bank, at its option, may decline to make consent to further Advances hereunder until the Bank has received such assurance.

Further Assurance of Title. To further assure title as follows: If at any time Bank or Bank's counsel has reason to believe that that, except as permitted by Section 5.8 hereof, any Advance is not secured or will or may not be secured by the Indenture and/or the Mortgage as a first lien or security interest on the ProjectProject Facility, then Company shall, within ten (10) days after written notice from Bank, do all things and matters necessary, to assure to the satisfaction of Bank and Bank's counsel that any Advance previously made hereunder or to be made hereunder is secured or will be secured by the Mortgage as a first lien or first security interest on the ProjectProject Facility, and Bank, at its option, may decline to make further Advances hereunder until Bank has received such assurance.