Example ContractsClausesTitle Policy
Title Policy
Title Policy contract clause examples

Title Policy. At Closing, the Escrow Agent shall have issued the Title Policy (defined below) to Purchaser (provided that the Title Policy may be delivered after the Closing Date if, as of the Closing Date, Escrow Agent issues a currently effective, duly executed “marked-up” Title Commitment and irrevocably commits in writing (which may be via email) to issue the Title Policy in the form of the proforma Title Policy approved by Purchaser prior to the expiration of the Due Diligence Period); and

Title Policy. The Title Company shall have irrevocably committed to issue the Title Policy pursuant to [Section 4.2.4] with all standard exceptions deleted, all requirements for issuance of each such Title Policy satisfied and deleted, with all endorsements reasonably required by Purchaser.

Title Policy. The Escrow Agent shall deliver to Purchaser the Title Policy in accordance with the provisions of Paragraph 3.3.

Title Policy. At Closing, Seller shall use commercially reasonable efforts to cause the Title Company to issue an ALTA extended coverage owner’s title insurance policy to Purchaser insuring Purchaser as owner of good, marketable and indefeasible # leasehold title to the Leasehold Interest and # fee title to the Improvements effective as of the Effective Date with liability in the amount of the Purchase Price subject only to the applicable Permitted Exceptions (the “Title Policy”).

Title Policy. Buyer shall obtain and pay the cost of a standard residential owner’s title insurance policy (“Buyer’s Title Policy”) issued by the Title Company. Such Buyer’s Title Policy will conform to the ALTA standards or such equivalent as is customarily used in the jurisdiction in which a Property is located. Buyer will pay the additional cost necessary for any extended coverage residential owner’s policy as Buyer elects to obtain. Buyer will also pay the cost of any and all endorsements to the Buyer’s Title Policy unless required to be provided by Seller to clear a Title Defect for which Buyer provided Seller a Defect Notice pursuant to Section 16 and which Seller agreed to cure, in which case, Seller will be responsible for the cost of such endorsements. If Buyer is obtaining financing, Buyer will pay the cost of any title policy required by Buyer’s lender (“Lender’s Title Policy”).

Title Policy. Either the Title Policy or, if not available, a currently effective, duly executed “marked‑up” Title Commitment for the Real Property so long as the Title Company irrevocably commits in writing to issue the Title Policy in final form within a reasonable time after the Closing Date;

Title Policy. As of the Closing Date, and as a condition precedent to Purchaser’s obligation to consummate the Closing hereunder, the Title Company shall be unconditionally and irrevocably committed to issue to Purchaser a 2006 ALTA extended coverage owner’s title insurance policy, with coverage in the amount of the Purchase Price, insuring title to the leasehold interest in and to the Real Property pursuant to the Ground Leases as vested of record in Purchaser (the “Title Policy”). Provided, however, in the event that prior to the expiration of the Due Diligence Period Purchaser obtains and delivers to Seller a proforma policy which Purchaser approves (an “Approved Proforma”), then the Title Policy to which Purchaser shall be entitled to as a Closing condition shall be in the form of such Approved Proforma (including endorsements included therein) and subject only to the title exceptions specifically set forth in such Approved Proforma (the “Permitted Exceptions”) but only to the extent issuance of a policy in the form of the Approved Proforma is not subject to any requirements of the Title Company beyond those which the parties are already required to satisfy under this Agreement or would have been satisfied but for any action or inaction of Purchaser.

Title Policy. LD 13 shall exercise commercially reasonable efforts to deliver to OpCo a 2006 ALTA standard owner’s policy of title insurance (or the equivalent if such form is not available with respect to any particular jurisdiction) from Fidelity National Title Insurance Company or Solidifi U.S., Inc. (or another nationally recognized title insurance company) for each Real Property Interest in an Asset that insures OpCo’s interest in and thereto, subject, in each case, to the pre-printed exceptions to such policy and the Permitted Liens.

Title Policy. The Title Policy, issued by the Escrow Agent on behalf of the Title Company, in the form approved by Purchaser and subject only to the Permitted Encumbrances; provided that in the event the Title Policy is not available at Closing, then the Escrow Agent shall provide Purchaser at Closing, at Purchaser’s option, with either # a “marked title commitment”, committing to issue the Title Policy in the form approved by Purchaser and subject only to the Permitted Encumbrances, or # a proforma owner’s title policy, in the form approved by Purchaser and subject only to the Permitted Encumbrances, with the Title Policy to be delivered to Purchaser as promptly after Closing as reasonably possible.

Title Policy. Cause the Title Company to provide Purchaser at Closing with a “marked title commitment”, committing to issue the Title Policy with the Title to be delivered to Purchaser as promptly after Closing as reasonably possible.

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