Buyer's Title Insurance. At Closing, the Title Company shall issue to Buyer an ALTA owner's title insurance policy (1970 form) ("Buyer's Title Policy") in the amount of the Purchase Price insuring that fee simple title to the Real Property is vested in Buyer subject only to the Permitted Exceptions (as defined below). Buyer shall be entitled to request that the Title Company issue such endorsements to the Buyer's Title Policy as Buyer may reasonably require, provided that such endorsements shall be at no cost or additional liability to Seller (other than any liability to the Title Company under any customary affidavits or certifications reasonably requested by the Title Company) and the Closing shall not be delayed as a result of Buyer's request.
Buyer's Title Insurance. As a condition to Closing, the Title Company shall deliver to Buyer, at Seller's expense, a CLTA form owner's policy of title insurance in the face amount of the Purchase Price containing exceptions for the form printed exceptions contained in a CLTA standard coverage owner's policy, and the exceptions specified in the Preliminary Report which have been approved or deemed approved by Buyer (the "Title Policy"). Buyer may, at Buyer's election, request the Title Company issue to Buyer an ALTA extended coverage owner's policy of title insurance in place of the standard owner's coverage title policy referred to herein. In the event Buyer so elects, Buyer shall pay for any increase in premium for an ALTA extended form policy, as well as satisfy at its expense any other requirements the Title Company may have for issuing the ALTA extended coverage title policy. Seller shall have no responsibility whatsoever for removing any title defects or encumbrances which may affect the ability of the Title Company to issue ALTA extended coverage owner's title insurance. In the event Buyer elects after the expiration or waiver of the Feasibility Period to seek ALTA extended coverage owner's title insurance, and Buyer is unable to obtain such insurance, Buyer shall not be entitled to terminate this Agreement or obtain any refund of the Xxxxxxx Money for that reason.
Buyer's Title Insurance. At Closing, the Title Company shall issue to Buyer an ALTA owner's form of title insurance policy ("BUYER'S TITLE POLICY") in the amount of the Purchase Price insuring that fee simple title to the Real Property is vested in Buyer subject only to the Permitted Exceptions (as defined below). Buyer shall be entitled to request that the Title Company provide, at Buyer's cost and expense, such endorsements to the Buyer's Title Policy as Buyer may reasonably require, provided that such endorsements shall be at no cost or additional liability to Seller and the Closing shall not be delayed as a result of Buyer's request.
Buyer's Title Insurance. At the Close of Escrow, the "Title Company" shall issue to Buyer a 2006 Form ALTA Extended Coverage Owner's Policy of Title Insurance ("Title Policy") in the amount of the Purchase Price showing title to the Property vested in Buyer and in the form of the Profoma Policy. Buyer shall have sole responsibility for obtaining, and bearing the cost of, any survey or survey update required by the Title Company, but Buyer shall have no responsibility to reimburse Seller for providing a copy of any existing survey.
Buyer's Title Insurance. As of the date of this Agreement, Buyer has ordered Title Commitments for the Owned Real Property issued by the Title Insurer, true and complete copies of which will promptly be made available to Sellers. Commencing within forty-five (45) days of the date of this Agreement, Buyer shall use commercially reasonable efforts to obtain an initial or an updated Survey of the Owned Real Property, identifying the matters set forth on such Title Commitments and deliver true and complete copies of same to Sellers. At Closing, if reasonably required by the Title Insurer to issue any Title Policy to Buyer with respect to the Owned Real Property or any portion thereof, Sellers agree to deliver a certificate to the Title Insurer, in form and substance acceptable to Sellers and reasonably cooperate with 55 Buyer in connection with obtaining such Title Commitments; provided that with respect to any such certificate, (i) Sellers shall not be required to undertake any obligation or incur any liability with respect to Permitted Liens, (ii) Sellers shall not be required to undertake or incur any Liability under, or provide any information in connection with, any such certificate in excess of any express Liability or obligation that it would otherwise have under this Agreement, and (iii) the only indemnity to be provided by Sellers in such certificate shall be limited to a customary “GAP” indemnity for a period of thirty (30) days following Closing. Buyer expressly acknowledges and agrees that all Title Commitments, Surveys and Title Policies shall be obtained at Buyer’s sole cost and expense and that such Title Commitments, Surveys and Title Policies shall not be a condition to Closing and, subject to Sellers’ compliance with this Section 5.15, obtaining such Title Commitments, Surveys or Title Policies will not delay or affect the Closing.
Buyer's Title Insurance. At Closing, the Title Company shall ----------------------- issue to Buyer an ALTA extended coverage owner's form of title insurance policy in the amount Fifteen Million Four Hundred Ninety Thousand Dollars ($15,490,000) insuring that fee simple title to the Real Property is vested in Buyer subject only to the Permitted Exceptions ("Buyer's Title Policy"). Buyer shall be entitled to request that the Title Company provide, at Buyer's cost and expense, such additional endorsements to the Buyer's Title Policy as Buyer may reasonably require, provided that such endorsements shall be at no cost or additional liability to Seller and the Closing shall not be delayed as a result of Buyer's request.
Buyer's Title Insurance. The Title Company has committed to issue to Buyer its standard form ALTA (10-17-92) owner's extended coverage policy of title insurance ("Buyer's Title Policy"), with liability equal to the Purchase Price, with such endorsements as Buyer may reasonably request, showing title vested in Buyer SUBJECT ONLY TO:
Buyer's Title Insurance. At the Close of Escrow, the Title Company shall issue to Buyer its standard Owner’s Policy of Title Insurance (“Title Policy”) in the amount of the Purchase Price showing title to the Property vested in Buyer and subject to the Approved Title Conditions. Buyer shall have the right, at its sole expense (as to the difference between the cost of standard and extended coverage) , to request and obtain an ALTA extended coverage policy of title insurance and any binder(s), and if so requested then the term “Title Policy” shall mean such extended coverage Owner’s Policy of Title Insurance and such binder(s), and such additional coverage(s) shall be a condition precedent to Buyer’s obligation to close this transaction so long as Buyer timely complies with the Title Company’s requirements for such additional coverage(s), but the additional coverage(s) shall not otherwise excuse or delay any of Buyer’s obligations under this Agreement. Buyer shall have sole responsibility for obtaining, and bearing the cost of, any survey required by the Title Company. Seller will promptly provide Buyer with a copy of any existing survey in Seller’s possession or control in order to facilitate and expedite Buyer obtaining a new or updated survey.
Buyer's Title Insurance. Buyer's obligation to purchase the Property shall be conditioned upon the Title Company issuing at Closing to Buyer a CLTA standard coverage owner's form of title insurance policy (or, if Buyer so elects pursuant to the next succeeding sentence, an ALTA owner's form of title insurance policy) in the amount of the Purchase Price insuring that fee simple title to the Property is vested in Buyer subject only to the Permitted Exceptions (as defined below) ("BUYER'S TITLE POLICY"). Buyer shall be entitled to request that the Title Company provide an ALTA title insurance policy and/or such endorsements to the Buyer's Title Policy as Buyer may reasonably require, provided that such ALTA policy and/or endorsements shall be at no cost or additional liability to Seller and the Closing shall not be delayed as a result of Buyer's request.
Buyer's Title Insurance. At the Close of Escrow, the "TITLE COMPANY" (as defined below in PARAGRAPH 7.1) shall issue to Buyer its standard Owner's Policy of Title Insurance ("TITLE POLICY") in the amount of the Purchase Price showing title to the Property vested in Buyer and subject only to the Approved Title Conditions. Buyer shall have the right, at its sole expense, to request and obtain an ALTA extended coverage policy of title insurance, provided that such additional coverage shall not be a condition precedent to, or otherwise excuse or delay any of, Buyer's obligations under this Agreement. Buyer shall have sole responsibility for obtaining, and bearing the cost of, any survey required by the Title Company.
