Common use of Commitment and Title Policy Clause in Contracts

Commitment and Title Policy. Within five (5) business days after the date of this Contract, Buyer will order a title insurance commitment (the “Commitment”) from City Title & Closing, LLC, Fayetteville, Arkansas (the “Title Company”) pursuant to which the Title Company shall agree to issue to Buyer, an ATLA owner’s policy of title insurance (the “Title Policy”) in the amount of the Purchase Price, insuring marketable fee simple title to the Real Property in Buyer upon recording of the Deed.

Commitment and Title Policy. Within five ten (510) business days after the date of this Contract, Buyer Seller will order a preliminary title insurance commitment (the “Commitment”) from City Title & Closing, LLCXxxxxxx Abstract Company, Fayetteville, Arkansas (the “Title Company”) pursuant to which the Title Company shall agree to issue to Buyer, an ATLA owner’s policy of title insurance (the “Title Policy”) in the amount of the Purchase Price, insuring marketable fee simple title to the Real Property in Buyer upon recording of the Deed.