Common use of Final Title Commitment Clause in Contracts

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. As a condition precedent to Buyer’s obligation to acquire the Property at Closing, Xxxxx Buyer 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. 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) all matters affecting the Property that were disclosed, identified or listed in the Preliminary Title Evidence except Liens, if any; (c) 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; (cd) any specific or general exception or exclusion with respect to Minerals; and/or (de) 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, Xxxxx Buyer has the right to receive a commitment, furnished by Seller at Seller’s expense, expense and dated after the AuctionAuction (“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 (“Final Title Commitment”)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.