Common use of General Requirements as to Title Insurance Policies Clause in Contracts

General Requirements as to Title Insurance Policies. Each title insurance policy obtained and delivered to Buyer pursuant to this Agreement shall (1) insure title to the Real Property described in the policy and all recorded easements benefitting such Real Property, (2) contain an "extended coverage endorsement" insuring over the general exceptions customarily contained in title policies, (3) contain an ALTA Zoning Endorsement 3.1 (or equivalent), (4) contain an endorsement insuring that the Real Property described in the policy is the same real estate shown in the survey delivered with respect to such property, (5) contain an inflation endorsement, (6) contain a "contiguity" endorsement with respect to any Real Property consisting of more than one record parcel, and (7) not be subject to any survey exception or any defect or encroachment disclosed by a survey delivered with respect to the property.

General Requirements as to Title Insurance Policies. Each title insurance policy obtained and delivered to Buyer by the Parent pursuant to this Agreement shall (1) insure title to the WTMI Real Property described in the policy and all recorded easements benefitting benefiting such WTMI Real Property, (2) contain an "extended coverage endorsement" insuring over the general exceptions customarily contained in title policies, (3) contain an ALTA Zoning Endorsement 3.1 (or equivalent), (4) contain an endorsement insuring that the WTMI Real Property described in the policy is the same real estate shown in the survey delivered survey, if any, obtained by the Parent with respect to such property, (5) contain an inflation endorsement, (64) contain a "contiguity" endorsement with respect to any WTMI Real Property consisting of more than one record parcel, and (75) not be subject to any survey exception or any defect or encroachment disclosed by a survey delivered with respect to the property, other than Permitted Encumbrances.

General Requirements as to Title Insurance Policies. Each title insurance policy obtained and delivered to by Buyer pursuant to this Agreement shall (1) insure title to the Real Property described in the policy and all recorded easements benefitting such Real Property, (2) contain an "extended coverage endorsement" insuring over the general exceptions customarily contained in title policies, (3) contain an ALTA Zoning Endorsement 3.1 (or equivalent), (4) contain an endorsement insuring that the Real Property described in the policy is the same real estate shown in the survey delivered with respect to such property, (5) contain an inflation endorsement, (6) contain a "contiguity" endorsement with respect to any Real Property consisting of more than one record parcel, and (7) not be subject to any survey exception or any defect or encroachment disclosed by a survey delivered with respect to the property.; and