Common use of Further Commitment Requirements Clause in Contracts

Further Commitment Requirements. In addition to the matters set forth in (i) and (ii) above, each Commitment shall further commit (A) to insure title to all recorded easements benefitting that Parcel, (B) to issue an ALTA Endorsement 3.1 (or equivalent) as to that Parcel, and (C) to issue a standard "non-imputation" endorsement.

Appears in 2 contracts

Samples: Facilities Use and Purchase Option Agreement (Matrix Service Co), Facilities Use and Purchase Option Agreement (Matrix Service Co)

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Further Commitment Requirements. In addition to the matters set forth in (ia) and (iib) above, each Commitment shall further commit (Ai) to insure title to all recorded easements benefitting that Parcel, (Bii) to issue an ALTA Endorsement 3.1 (or equivalent) as to that Parcel, and (Ciii) to issue a standard "non-imputation" endorsement.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Matrix Service Co), Stock Purchase Agreement (Matrix Service Co)

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