Final Title Commitment. As a condition precedent to Buyer’s obligation to acquire the Property at Closing, Xxxxx has the right to receive a commitment, furnished by Seller at Seller’s expense, and dated after the Auction, for the issuance of an ALTA standard coverage owner’s title insurance policy insuring fee simple title to the Property in the name of Buyer for the amount of the Purchase Price, free and clear of any material encumbrance that does not constitute a Permitted Exception (“Final Title Commitment”). Buyer agrees to accept the Final Title Commitment notwithstanding: (a) standard exceptions, conditions and requirements; (b) any exception, condition or requirement that Seller intends to satisfy and/or remove (and is in fact satisfied and/or removed) at the time of or prior to Closing; (c) any specific or general exception or exclusion with respect to Minerals; and/or (d) any matter listed, described or revealed in the Final Title Commitment that constitutes a Permitted Exception.
Final Title Commitment. Prior to Closing, Seller shall furnish a commitment dated after the Auction (“Final Title Commitment”) for the issuance of an ALTA standard coverage owner’s title insurance policy insuring fee simple title to the Property in the name of Buyer for the amount of the Purchase Price, free and clear of any material encumbrance that does not constitute a Permitted Exception. Buyer agrees to accept the Final Title Commitment notwithstanding: (a) standard exceptions, conditions and requirements; (b) any exception, condition or requirement that Seller intends to satisfy and/or remove (and is in fact satisfied and/or removed) at the time of or prior to Closing; (c) any specific or general exception or exclusion with respect to Minerals; and/or (d) any matter listed, described or revealed in the Final Title Commitment that constitutes a Permitted Exception.
Final Title Commitment. Prior to the execution of this ---------------------- Agreement, REIT OP shall deliver to Prudential a copy of the commitment for the policy of owner's title insurance to be issued pursuant to Section 7.2.3 by REIT ------------- OP's Title Insurer. The failure by REIT OP to deliver a copy of the commitment for the policy of owner's title insurance to be issued pursuant to Section 7.2.3 ------------- by REIT OP's Title Insurer shall be deemed an election by REIT OP to accept an owner's policy of title insurance issued pursuant to the Xxxxxxx Commitment in satisfaction of Section 7.2.3. -------------
Final Title Commitment. As a condition precedent to Buyer’s obligation to acquire the Property at Closing, Buyer has the right to receive a commitment, dated after the Auction, for the issuance of a standard coverage ALTA owner’s title insurance policy insuring fee simple title to the Real Estate in the name of Buyer for the amount of the Purchase Price (less the amount, if any, allocated to personal property in accordance with Section 4 above), free and clear of Liens and any other material encumbrance that does not constitute a Permitted Exception (“Final Title Commitment”). Buyer agrees to accept the Final Title Commitment furnished by Seller notwithstanding: (a) standard exceptions (including survey exceptions); (b) any exception, condition or requirement that Seller intends to satisfy and/or remove (and is in fact satisfied and/or removed) at the time of or prior to Closing; (c) any specific or general exception or exclusion with respect to minerals; and/or (d) any matter listed, described or revealed in the Final Title Commitment that constitutes a Permitted Exception. Subject to the foregoing provisions, Xxxxx agrees to accept a Final Title Commitment issued by the same title company that prepared the Preliminary Title Evidence.
Final Title Commitment. As a condition precedent to Buyer’s obligation to acquire the Property at Closing, Buyer has the right to receive a commitment, dated after this Agreement, for the issuance of a standard coverage ALTA owner’s title insurance policy insuring fee simple title to the surface rights with respect to the Property in the name of Buyer for the amount of the Purchase Price, free and clear of Liens and any other material encumbrance that does not constitute a Permitted Exception (“Final Title Commitment”). Unless otherwise mutually agreed in writing, the Final Title Commitment shall be prepared by the title company that prepared the Preliminary Title Evidence. Buyer agrees to accept the Final Title Commitment furnished by Seller notwithstanding: (a) standard exceptions, conditions and requirements; (b) any exception, condition or requirement that Seller intends to satisfy and/or remove (and is in fact satisfied and/or removed) at the time of or prior to Closing; (c) any specific or general exception or exclusion with respect to Minerals and/or water rights; and/or (d) any matter listed, described or revealed in the Final Title Commitment that constitutes a Permitted Exception.
Final Title Commitment. As a condition precedent to Buyer’s obligation to acquire the Real Estate at Closing, Buyer has the right to receive a commitment, dated after the Auction, for the issuance of a standard ALTA owner’s title insurance policy insuring fee simple title to the Real Estate in the name of Buyer for the amount of the Purchase Price, free and clear of any material encumbrance that does not constitute a Permitted Exception (“Final Title Commitment”). The Final Title Commitment is to be prepared by the Title Company and furnished by Seller to Buyer prior to Closing. Buyer agrees to accept the Final Title Commitment notwithstanding: (a) standard exceptions, conditions and requirements; (b) any exception, condition or requirement that Seller intends to satisfy and/or remove (and is in fact satisfied and/or removed) at the time of or prior to Closing; (c) any specific or general exception or exclusion with respect to Minerals; and/or (d) any matter listed, described or revealed in the Final Title Commitment that constitutes a Permitted Exception.
Final Title Commitment. Prior to Closing, Receiver shall furnish a commitment dated after the Auction (“Final Title Commitment”) for the issuance of an ALTA standard coverage owner’s title insurance policy insuring fee simple title to the Real Estate in the name of Buyer for the amount of the Purchase Price, free and clear of Liens and any other material encumbrance that does not constitute a Permitted Exception. Buyer agrees to accept the Final Title Commitment notwithstanding: (a) standard exceptions, conditions and requirements; (b) any exception, condition or requirement that Receiver intends to satisfy and/or remove (and is in fact satisfied and/or removed) at the time of or prior to Closing; (c) any specific or general exception or exclusion with respect to Minerals; and/or (d) any matter listed, described or revealed in the Final Title Commitment that constitutes a Permitted Exception.
Final Title Commitment. As a condition precedent to Buyer’s obligation to acquire the Property at Closing, Buyer has the right to receive a commitment, dated after the Auction, for the issuance of a standard ALTA owner’s title insurance policy insuring fee simple title to the Property in the name of Buyer for the amount of the Purchase Price, free and clear of any material encumbrance that does not constitute a Permitted Exception (“Final Title Commitment”). Buyer agrees to accept the Final Title Commitment furnished by Seller notwithstanding: (a) standard exceptions, conditions and requirements; (b) any exception, condition or requirement that Seller intends to satisfy and/or remove (and is in fact satisfied and/or removed) at the time of or prior to Closing; (c) any specific or general exception or exclusion with respect to Minerals; and/or (d) any matter listed, described or revealed in the Final Title Commitment that constitutes a Permitted Exception. The cost of furnishing the Final Title Commitment shall be charged to Seller.
Final Title Commitment. Unless the Seller Financing Option applies, Seller shall order a commitment, dated after this Agreement, for the issuance of a standard coverage ALTA owner’s title insurance policy insuring fee simple title to the Property in the name of Buyer for the amount of the Purchase Price (“Final Title Commitment”). The Final Title Commitment shall be prepared by Chicago Title Oklahoma Co. Xxxxx agrees to accept the Final Title Commitment furnished by Seller notwithstanding: (a) standard exceptions (including survey exceptions); (b) exceptions for the recorded documents listed in Exhibit B; and/or (c) any other matter listed, referenced, identified, or disclosed in the Final Title Commitment that constitutes a Permitted Exception. The cost of furnishing the Final Title Commitment shall be charged to Seller.
Final Title Commitment. As a condition precedent to Xxxxx’s obligation to acquire the Property at Closing, Xxxxx has the right to receive a Final Title Commitment (as defined below) confirming that, upon satisfaction of the requirements set forth therein, the title will be insured free and clear of any material encumbrance that does not constitute a Permitted Exception. “Final Title Commitment” refers to a commitment for the issuance of a standard coverage ALTA owner’s title insurance policy insuring fee simple title to the Property in the name of Buyer for the amount of the Purchase Price, which commitment is dated after the Auction and provided to Buyer prior to Closing; provided, however, if such commitment is updated and/or revised at any time or from time to time prior to Closing: (a) the updated and/or revised version(s) shall be provided to Buyer; and (b) the “Final Title Commitment” for purposes of this Agreement shall refer to the latest version delivered to Buyer prior to Closing. Buyer shall also be entitled to receive copies of the recorded documents which are listed, identified or described as exceptions in the Final Title Commitment. Unless a different title company is selected by mutual agreement of the parties confirmed in writing, the Final Title Commitment shall be prepared and/or issued by American Abstract Company of McClain County, Inc. Subject to the foregoing provisions, Xxxxx agrees to accept the Final Title Commitment furnished by Seller notwithstanding: (i) standard exceptions; (ii) any exception or requirement that Seller intends to satisfy and/or remove (and is in fact satisfied and/or removed) at the time of or prior to Closing; (iii) any specific or general exception or exclusion with respect to Minerals; and/or (iv) any matter that is listed, identified or described as an exception in Schedule B-II of the Final Title Commitment and that constitutes a Permitted Exception. The cost of furnishing the Final Title Commitment shall be charged to Seller.
