Commitment for Title Insurance. No older than 30 days from the submittal date • Include complete Schedule A and Schedule B (requirements form provided) SAMPLE SAMPLE
Commitment for Title Insurance. Within five (5) days after the Effective Date, Seller shall deliver to Purchaser and the surveyor described in Section 2.2 below (a) a current title commitment (the “Title Commitment”) covering the Property, showing all matters affecting title to the Property and binding the Title Company to issue at Closing an Owner’s Policy of Title Insurance, on the form customarily used in the area in which the Property is located, in the full amount of the Purchase Price pursuant to Section 2.5 hereof, and (b) legible copies of all instruments (the “Exception Instruments”) referenced in the Title Commitment.
Commitment for Title Insurance. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I-Requirements; and Schedule B, Part II-Exceptions.
Commitment for Title Insurance. PURCHASER shall obtain, at its own cost and expense, a title insurance commitment for the Property. If the title commitment shows exceptions to title which are unacceptable to PURCHASER (the "Unpermitted Exceptions"), PURCHASER shall so notify SELLER and SELLER shall have thirty (30) days from the date of delivery of such notice to cure the Unpermitted Exceptions by removing or correcting them, or committing to insure over them. If SELLER, after using reasonable efforts, is unable to cure all of the Unpermitted Exceptions within the foregoing thirty (30) day period, PURCHASER shall have the option (to be exercised by delivery of written notice to SELLER within ten (10) days after the expiration of said thirty (30) day period) either to:
(1) terminate this Agreement (without either party being deemed at fault, with Escrow Deposit plus interest earned plus any other monies spent on the transaction by PURCHASER to be returned to PURCHASER); Or
(2) proceed pursuant to this Agreement and accept title subject to the remaining Unpermitted Exceptions. Those title exceptions which are acceptable to PURCHASER, together with those exceptions that PURCHASER elects to take pursuant to (ii) above, shall be known as the Permitted Exceptions, and shall be listed on Exhibit "B," attached hereto. PURCHASER agrees that SELLER need not remove liens, mortgages, deeds of trust, trust deeds, security interests or contract interests affecting the Property and constituting Unpermitted Exceptions prior to the Closing of the sale of the Property.
Commitment for Title Insurance. A commitment for the issuance of an ALTA title insurance loan policy in favor of Borrower and its successors and assigns, in the amount of the original principal balance of the Mortgage Loan. The interim title binder or commitment must obligate the title insurance company to issue a policy insuring that the Mortgage is a valid first lien on the premises described in the Mortgage, with only exceptions permitted by Lender. The title binder or commitment must be countersigned by an authorized representative or agent of the applicable title insurance company.
Commitment for Title Insurance. Transferor has delivered to Transferee and the surveyor described in Section 2.2 below (a) a current title commitment (the “Title Commitment”) covering the Property, showing all matters affecting title to the Property and binding Fidelity National Title Insurance Company (the “Title Company”) to issue at Closing an Owner’s Policy of Title Insurance, on the form customarily used in the area in which the Property is located, in the full amount of the value of the Land, Units and Improvements pursuant to Section 2.4 hereof, and (b) legible copies of all instruments (the “Exception Instruments”) referenced in the Title Commitment.
Commitment for Title Insurance. Transferor shall deliver to BH Investor and the surveyor described in Section 1.8(b) below (a) a current title commitment (the “Title Commitment”) covering the Project, showing all matters affecting title to the Project and binding Republic Title of Texas, Inc., 0000 Xxxxxx Xxxxxx, 10th Floor, Dallas, Texas 75204, Attn: Xxxxxx Xxxxxxx (the “Title Company”) to issue at Closing an Owner’s Policy of Title Insurance, on the form customarily used in the area in which the Project is located, in the full amount of the appraised value of the, and (b) legible copies of all instruments (the “Exception Instruments”) referenced in the Title Commitment.
Commitment for Title Insurance. Not later than five (5) days after the Effective Date, Purchaser shall order a commitment (with copies of all exceptions) (the “Title Commitment”) for an Owner's Policy of Title Insurance listing Purchaser as the proposed insured and the Purchase Price as the proposed policy amount and with an effective date no earlier than the Effective Date of this Agreement. The Title Commitment shall be issued by a title insurance company selected by Purchaser (the “Title Company”). Purchaser shall direct the Title Company to deliver copies of the Title Commitment to Seller’s attorney.
Commitment for Title Insurance. Within five (5) days after the Effective Date, Seller shall deliver to Purchaser and the surveyor described in Section 2.2 below (a) a current title commitment (the "TITLE COMMITMENT") covering the Property, showing all matters affecting title to the Property and binding the Title Company to issue at Closing an Owner's Policy of Title Insurance on the standard form of policy prescribed by the Texas State Board of Insurance in the full amount of the Purchase Price pursuant to Section 2.5 hereof, and (b) legible copies of all instruments (the "EXCEPTION INSTRUMENTS") referenced in Schedule B and Schedule C of the Title Commitment.
Commitment for Title Insurance. Prior to the Effective Date, Sellers have delivered to Purchaser the Title Commitments prepared by First Nationwide Title, 000 Xxxx 00xx Xxxxxx, Xxxxx 0000, Xxx Xxxx, XX 00000, as policy issuing agent for Xxxxxxx Title Insurance Company (the “Title Company”).
