Delivery of Title Commitment and Survey. (a) Purchaser, at Purchaser’s sole cost and expense, shall obtain, within five (5) business days after the date of this Agreement, an ALTA Title Commitment for an Owner’s Policy of Title Insurance (a “Title Policy”) issued by Boston, Massachusetts National Accounts office of Lawyers Title Insurance Corporation (the “Title Company”), together with legible copies of any covenants, easements, and other items listed in the Title Commitment as exceptions to title to the Property. The Title Policy, when delivered, shall name Purchaser as insured, and shall be in the amount of the Purchase Price, insuring that Purchaser owns good and indefeasible fee simple title to the Property, subject only to the Permitted Exceptions. Seller shall also deliver to Purchaser, along with the other Review Documents noted in Section 4.2, (i) the most recently available as-built survey in Seller’s possession (“Survey”) of the Property, and (ii) an affidavit by Seller that there has been no material construction, demolition or modification to the property since the survey. If the Purchaser requires an update to the Survey, it shall be at Purchaser’s sole cost and expense.
Delivery of Title Commitment and Survey. Purchaser shall cause to be prepared: (i) a current, effective commitment for title insurance (the “Title Commitment”) issued by the Title Company, in the amount of the Purchase Price with Purchaser as the proposed insured, and accompanied by true, complete, and legible copies of all documents referred to in the Title Commitment; and (ii) a current ALTA-ACSM survey of the Property (the “Survey”), including a certification addressed to Purchaser in the form attached hereto as Exhibit B. Following execution of this Agreement, Purchaser may obtain copies of Uniform Commercial Code searches in the name of Seller and the Property issued by the Title Company or a search company acceptable to Purchaser (“UCC Searches”).
Delivery of Title Commitment and Survey. If not already provided, Seller and/or Purchaser shall request that Title Company cause to be prepared and delivered to Purchaser and its counsel (as well as to Seller and its counsel), as soon as reasonably practicable after the Effective Date, a commitment for title insurance or preliminary title report issued by Title Company (the “Title Commitment”), in the amount of the Purchase Price, with Purchaser as the proposed insured, accompanied by copies of all documents referred to in the Title Commitment. Seller has ordered a current ALTA-ACSM Urban survey of the Property (“Survey”) and shall provide a copy of said Survey to Purchaser upon Seller’s receipt of the Survey. If Purchaser elects to obtain the same, Purchaser shall order copies of Uniform Commercial Code searches in the name of Seller and the Property issued by the Title Company or a search company acceptable to Purchaser (“UCC Searches”).
Delivery of Title Commitment and Survey. Purchaser shall cause to be prepared (and shall deliver copies to Seller and its counsel) (i) a current, effective commitment for title insurance (the "Title Commitment") issued by the Title Company, in the amount of the Purchase Price with Purchaser as the proposed insured, and accompanied by true, complete, and legible copies of all documents referred to in the Title Commitment, (ii) a current ALTA-ACSM Urban survey of the Property (the "Survey"), including a certification addressed to Purchaser, in the form attached hereto as Exhibit D; and (iii) copies of Uniform Commercial Code searches in the name of Seller, any manager of Seller, and the Property issued by the Title Company or a search company acceptable to Purchaser ("UCC Searches").
Delivery of Title Commitment and Survey. Purchaser shall cause to be prepared, at its sole expense: (i) a current, effective commitment for title insurance (the “Title Commitment”) issued by the Title Company, in the amount of the Purchase Price with Purchaser as the proposed insured, and accompanied by true, complete, and legible copies of all documents referred to in the Title Commitment; and (ii) a current ALTA-ACSM survey of the Property (the “Survey”), including a certification addressed to Purchaser in the form attached hereto as Exhibit B.
Delivery of Title Commitment and Survey. Xxxx shall cause to be prepared (1) a current, effective commitment for title insurance (the "Title Commitment") issued by the Title Company, in the amount of the Contribution Value with Xxxx as the proposed insured, and accompanied by true, complete and legible copies of all documents referred to in the Title Commitment; (2) a current ALTA-ACSM Urban survey of the Contributed Property (the "Survey") prepared by a surveyor acceptable to Xxxx, including a certification addressed to Xxxx substantially in the form attached hereto as Exhibit D; and (3) copies of Uniform Commercial Code, judgment and tax lien searches in the name of Contributors, any general partner, member or manager of Contributors, and the Contributed Property issued by the Title Company or a search company acceptable to Xxxx ("UCC Searches"). The Title Commitment, the documents referred to therein, the Survey and the UCC Searches are referred to herein collectively as the "Title Documents."
Delivery of Title Commitment and Survey. Seller shall cause to be prepared and delivered to Purchaser a current, effective commitment for title insurance (the “Title Commitment”) issued by the Title Company, in the amount of the Purchase Price with Purchaser as the proposed insured, and accompanied by true, complete, and legible copies of all documents referred to in the Title Commitment. Purchaser may elect to obtain a current ALTA/ACSM 2021 Minimum Detail Requirements survey of the Property (the “Survey”) prepared by a surveyor acceptable to Purchaser certified to Purchaser, the Title Company and such other parties as designated by Purchaser and including the table items requested by Purchaser. Purchaser shall also have the right to obtain Uniform Commercial Code searches in the name of Seller and the Property issued by the Title Company or a search company acceptable to Purchaser (“UCC Searches”).
Delivery of Title Commitment and Survey. Purchaser shall cause to be prepared: (i) a current, effective commitment for title insurance (the “Title Commitment”) issued by the Title Company, in the amount of the Purchase Price with Purchaser as the proposed insured, and accompanied by true, complete, and legible copies of all documents referred to in the Title Commitment; and (ii) a current ALTA-ACSM survey of the Property (the “Survey”). During the Due Diligence Period, Purchaser shall review title to the Property as disclosed by the Title Commitment and the Survey. Seller will reasonably cooperate with Purchaser in curing any objections Purchaser may have to title to the Property.
Delivery of Title Commitment and Survey. Not later than the close of escrow on the Property, Purchaser shall cause to be prepared: (i) a current, effective commitment for title insurance (the "Title Commitment") issued by the Title Company, in the amount of the Purchase Price with Purchaser as the proposed insured, and accompanied by true, complete, and legible copies of all documents referred to in the Title Commitment; and (ii) a current ALTA-ACSM Urban survey of the Property (the "Survey"). The Survey shall determine the total acreage included with the Land and the total acreage included within the Excluded Area (as defined in the Sublease referred to in Section 2.5 below).
Delivery of Title Commitment and Survey. If not already provided, Seller and/or Purchaser shall request that Title Company cause to be prepared and delivered to Purchaser and its counsel (as well as to Seller and its counsel), as soon as reasonably practicable after the Date of Agreement, at Seller’s expense, a commitment for title insurance or preliminary title report issued by the Title Company (the “Title Commitment”), in the amount of the Purchase Price, with Purchaser as the proposed insured, accompanied by legible copies (to the extent that legible copies are available in the public records) of all documents referred to in the Title Commitment; and, if already provided, incomplete as to the identity of the proposed insured, the amount of the Purchase Price, provision of the underlying documents or otherwise, Seller and/or Purchaser, at Purchaser’s expense, may cause the same to be updated, as appropriate; provided, however, that, notwithstanding the foregoing, if the Closing occurs, Purchaser shall not be responsible for any separate expense of the Title Commitment (e.g., any search and examination fee or abstract fee) to the extent that such expense is included in and/or covered by Seller’s payment of the premium for the Owner’s Policy (as defined below), as contemplated by Section 3.4 below. Seller agrees that it shall provide an existing survey of the Property (“Survey”) if it has one in its possession, which may be revised at Purchaser’s election and expense. In addition, if Purchaser elects to obtain the same, Purchaser shall cause to be prepared and delivered to Seller and Seller’s counsel copies of Uniform Commercial Code searches in the name of Seller and the Property issued by the Title Company or a search company acceptable to Purchaser (“UCC Searches”).
