Page 64 - ALTA Endorsements Guide

A L T A E N D O R S E M E N T

1-06 to 9.6.1-06 9.7-06 to 17.1-06 17.2-06 to 28.3-06 29-06 to 36.6-06 36.7-06 to 46-06

ALTA ENDORSEMENT 15.2-06

NON-IMPUTATION – PARTIAL EQUITY TRANSFER

Adopted (6-17-06)

The Company agrees that it will not assert the provisions of Exclusions from Coverage 3(a), (b), or (e) to
deny liability for loss or damage otherwise insured against under the terms of the policy solely by reason of
the action or inaction or Knowledge, as of Date of Policy, of
[identify, as applicable, the existing and/or exiting partner(s) of the vestee partnership entity, member(s) or
manager(s) of the vestee limited liability company entity, or officer(s) and/or director(s) of the vestee
corporate entity]

whether or not imputed to the entity identified in paragraph 3 of Schedule A or to the Insured by operation
of law, but only to the extent that the Insured acquired the Insured’s interest in the entity as a purchaser for
value without Knowledge of the asserted defect, lien, encumbrance, adverse claim, or other matter insured
against by the policy.
This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any
of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of
Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous
endorsement is inconsistent with an express provision of this endorsement, this endorsement controls.
Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior
endorsements.

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