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 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. At Closing, the Title Company shall issue to Buyer a CLTA standard coverage owner's form of title insurance 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'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 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. At the Close of Escrow, as a condition to Buyer’s obligation to consummate the transaction contemplated by this Agreement, the Title Company shall be committed to issue to Buyer its standard Owner's Policy of Title Insurance ("Title Policy") in the amount of the Purchase Price showing title to the Land vested in Buyer and subject 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 or desired by Buyer.
Buyer's Title Insurance. At Closing and as a condition precedent for the benefit of Buyer as provided in Section 7.2.4 below, the Title Company shall issue to Buyer an ALTA extended coverage owner’s form of title insurance 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’s Title Policy”). If Buyer timely delivers a Title Commitment (as defined below) pursuant to the provisions of Section 6.3.4, the Buyer’s Title Policy shall be in the form of the Title Commitment and shall include such endorsements as are set forth in such Title Commitment.
Buyer's Title Insurance. At the Close of Escrow, the Title Company shall issue to Buyer an ALTA Standard Owner’s Policy of Title Insurance (“Title Policy”) in the amount of the Purchase Price showing title to the Land vested in Buyer and subject only to the Approved Title Conditions (which shall not include any Seller Monetary Liens). 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 or desired by Buyer (the “Survey”).
Buyer's Title Insurance. Seller covenants to convey fee simple title in and to Seller’s TIC Interest. For the purposes of this Agreement, “fee simple title” shall mean fee simple ownership which is: (i) free of all claims, liens and encumbrances of any kind or nature whatsoever other than the Permitted Exceptions, herein defined; and (ii) insurable by a title insurance company reasonably acceptable to Buyer (the “Title Company”) and licensed to do business in the state where the Property is located, at then current standard rates under the standard form of ALTA owner’s policy of title insurance (“Title Policy”). For purposes of this Agreement, “Permitted Exceptions” shall be those that appear on the title commitment (“Title Commitment”) that Buyer obtains prior to the Closing and are specifically excepted, in writing, by Buyer within five (5) days of Buyer’s receipt of the Title Commitment. All exceptions not specifically agreed to, in writing, by Xxxxx are to be deemed “Objectionable Exceptions.” Seller shall remove the Objectionable Exceptions prior to the Closing Date.
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. 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.
