Common use of Title Continuation Clause in Contracts

Title Continuation. DOE shall have received a construction bringdown endorsement (dated as of a date not earlier than five (5) Business Days prior to the relevant Advance Date) insuring that the Deed to Secure Debt remains a first priority Lien on the Borrower’s unencumbered fee title, under the relevant laws of the State of Georgia, to the Borrower’s Undivided Interest in and to the Project Site (subject only to Permitted Liens and the December 2013 Mechanic’s Lien Exception) as is necessary for the development of the Project.

Title Continuation. DOE shall have received a construction bringdown endorsement (dated as of a date not earlier than five (5) Business Days prior to the relevant Advance Date) insuring that the Deed to Secure Debt Mortgage Indenture remains a first priority Lien on the Borrower’s unencumbered fee titletitle (subject only to Permitted Liens and the December 2013 Mechanic’s Lien Exception), under the relevant laws of the State of Georgia, to and on the Borrower’s Undivided Interest in and to the Project Site (subject only to Permitted Liens and the December 2013 Mechanic’s Lien Exception) as is necessary for the development of the Project.