Common use of Title Continuation Clause in Contracts

Title Continuation. The Lender shall have received a title continuation report of the title policy to the date of the Initial Advance in a form approved by the Lender and the Lender's counsel containing a pending disbursements provision and setting forth no additional exceptions except those approved in writing by the Lender and its counsel.

Appears in 2 contracts

Sources: Construction Loan Agreement (Pangaea Logistics Solutions Ltd.), Construction Loan Agreement (Quartet Holdco Ltd.)

Title Continuation. The Lender shall have received a title continuation report of the title policy to the date dates of the Refinance Advance and the Initial Construction Advance in a form approved by the Lender and the Lender's ’s counsel containing a pending disbursements provision and setting forth no additional exceptions except those approved in writing by the Lender and its counsel.

Appears in 1 contract

Sources: Construction Loan Agreement (Summer Infant, Inc.)