ALTA
ENDORSEMENTS SAMPLES AND DESCRIPTIONS
ENERGY PROJECT – LEASEHOLD/EASEMENT – LOAN – FORM 36.1-06
ALTA Endorsement — Form 36.1-06 is available for a loan policy only. It is for use with energy projects (solar or wind, for example) that use a leasehold or easement rights structure. It is similar to the ALTA 13.1-06 (Leasehold- Loan) coverage and in addition:
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Adds specific energy project definitions
• Adds coverage for insured easement interests that are a common component of energy projects • Expands the Valuation of title to clarify that loss on a single parcel shall include resulting loss to the integrated project as a whole. • Adds coverage for “Severable Improvements” which is separately available with the previously filed ALTA 31-06(Severable Improvements) • Modifies the Additional Items of Loss section to include items appropriate to the energy project transaction • Adds a limitation that the coverage does not include loss resulting from environmental damage or contamination, to conform to policy provisions
ALTA Endorsement — Form 36.1-06 (Energy Project – Leasehold/Easement – Loan – 4/2/12)
Form 36.1-06
Energy Project – Leasehold/Easement – Loan
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