Leasehold Title Policy. At the request of Tenant, Landlord shall furnish Tenant, at Tenant’s sole cost and expense, a binding commitment for the issuance of a leasehold owner’s - policy on the then-current policy form available in the state in which the Leased Premises is located, in the amount so requested by Tenant, written by a title company selected by Landlord and reasonably acceptable to Tenant, committing to insure as of the date of the recording of a memorandum of this Lease that the condition and state of the title to the leasehold estate created hereunder is in accordance with clauses (i) and (ii) of paragraph (A) of this Article. The acceptance of such commitment or resulting title policy by Tenant shall in no way be construed as a waiver of, or in any way be deemed to impair, Landlord’s representations and warranties set forth in paragraph (A) of this Article. By executing this Lease, Tenant shall be deemed to have approved and accepted the status of title as reflected in such title commitment.
Leasehold Title Policy. Tenant shall have the right to obtain, at Tenant’s cost, a policy of title insurance insuring Tenant’s leasehold interest in the Premises. Landlord shall reasonably cooperate with Tenant in obtaining such policy, provided, however, that Landlord shall not be obligated to incur any expense in connection therewith.
Leasehold Title Policy. In connection with the execution of this Lease, Tenant shall have the right, but not the obligation, to purchase on its behalf a Leasehold Policy of Title Insurance issued by Chicago Title Insurance Company insuring Tenant's leasehold interest in and to the Premises, subject to no exceptions other than the Permitted Exceptions. Landlord, at no cost to Landlord, shall reasonably cooperate with Tenant in connection with issuance of the Leasehold Policy of Title Insurance, including executing customary affidavits as to debts, liens and parties in possession.
Leasehold Title Policy. At the request of Tenant, Landlord shall furnish Tenant, at Tenant’s sole cost and expense, a binding commitment for the issuance of a leasehold owner’s title insurance policy on the then-current policy form available in the state in which the Leased Premises is located, in the amount so requested by Tenant, written by a title company selected by Landlord and reasonably acceptable to Tenant, committing to insure the then-present condition of title to the leasehold estate as of the date of the recording of a memorandum of this Lease. By executing this Lease, Tenant shall be deemed to have approved and accepted the status of title as reflected in such title commitment. The cost of any title policy and any supplemental endorsements issued to Tenant shall be borne by Tenant.
Leasehold Title Policy. If Master Developer timely and properly exercises the Option, the applicable Tenant shall obtain, at its discretion, from Title Company an extended coverage ALTA policy of title insurance with leasehold endorsements and any other endorsements required by such Tenant in its reasonable discretion (each, a “Leasehold Title Policy”) with liability in an amount to be specified by such Tenant upon the execution of the applicable Ground Lease (which such amount shall be subject to the reasonable approval of County), covering the Premises (which legal description may be in the form of a metes and bounds description) and showing leasehold title to the Premises vested in such Tenant, subject only to the following (collectively, the “Permitted Exceptions”): (i) all prior encumbrances, reservations, licenses, easements and rights of way existing as of the Effective Date; (ii) the lien of all ad valorem real estate taxes and assessments not yet due and payable as of the date of Closing (if any), subject to adjustment as herein provided; (iii) local, state and federal laws, ordinances or governmental regulations, including but not limited to, building and zoning laws, ordinances and regulations, now or hereafter in effect relating to the Premises; (iv) such statement of facts as may be shown on the final Survey obtained by Master Developer as provided in Section 6.2; and (v) such other exceptions as may be reasonably approved by County and such Tenant in writing prior to the issuance of the Leasehold Title Policy. Notwithstanding the foregoing, County agrees to cooperate with Master Developer or the applicable Tenant, as the case may be, at Master Developer’s or such Tenant’s sole cost and expense, in Master Developer’s or such Tenant’s efforts to address title matters, if any, that would prevent Master Developer from proceeding with the development of the Premises in accordance with the Master Project, as long as such efforts do not materially adversely affect County (e.g., cooperating with Master Developer or the applicable Tenant, as the case may be, in the relocation at Master Developer’s or such Tenant’s cost of any easements or reservations that interfere with the Master Project, to the extent such relocation is reasonably acceptable to County). This Section 6.3 is intended to address only title matters that arise in connection with the voluntary exercise by County of its proprietary rights as owner of the Premises, and this Section 6.3 shall not pertain to zoning...
Leasehold Title Policy. Within sixty (60) days from the date of this Lease, Tenant may, at its sole option and expense, obtain through a reputable title insurance company (the “Title Company”) preliminary title documentation and extended coverage leasehold title insurance and a survey (the “Survey”) acceptable to the Title Company for such title insurance and a report by a surveyor acceptable to Tenant locating and describing the Land, showing all boundaries and corners of the Land properly and securely marked by pins, and certifying as to easements and encroachments. A preliminary title report or binder (the “Binder”) shall be issued giving the current condition of title to the Land, together with copies of all instruments necessary to fully explain the scope and effect of any matters listed as exceptions in the Binder whereby the Title Company is bound to issue to Tenant or its nominee, for an amount to be determined by Tenant, an A.L.T.A. Standard, or a comparable form, with extended coverage if such form is not approved in the state in which the Premises is located (herein the “Title Policy”). In the event the Binder or the Survey reflects any matters or conditions which Tenant reasonably determines will interfere with its intended development or use of the Premises, or the rights granted Tenant in this Lease, Tenant may terminate this Lease.
Leasehold Title Policy. Tenant shall have received the Leasehold Title Policy or a written agreement from the Title Company acknowledging that all requirements for the issuance of the Leasehold Title Policy (other than the payment of the premium) have been satisfied and committing to issue the Leasehold Title Policy, which Leasehold Title Policy shall include no exceptions to title to the Real Property that are unacceptable to Tenant in its reasonable judgment.
Leasehold Title Policy. Sellers acknowledge that in connection with Closing, Buyer intends to acquire a leasehold policy of title insurance with regard to each of the Dispensary, the Offsite Facility and each of the Leases applicable thereto. Accordingly, Sellers agree to: (i) cooperate with Buyer in obtaining any and all abstracts or certificates of title, prior title policies, surveys and other title evidence (collectively, the "Title Evidence") required by Buyer's chosen title company (the "Title Company"), to the extent such Title Evidence is in the possession of Sellers or the Companies; and (ii) execute and deliver to Buyer at Closing, any and all documents reasonably required by the Title Company as a condition to issuance of a valid leasehold policy of title insurance for each of the Dispensary, Offsite Facility and each of the Leases applicable thereto (collectively, the "Title Documents").
Leasehold Title Policy. Stockholders and Buyer will cooperate after Closing to obtain an extended coverage leasehold policy of title insurance from Stewart Title Insurance Company (the "Title Company") in the amount of $0,000,000 with each of the Title Company's standard printed exceptions deleted and including comprehensive, access, contiguity, non-arbitration, going concern, non-imputation and zoning endorsements (to the extent such endorsements are available in New York), insuring valid leasehold title to the Leased Land (as defined in Section 9.14 below) in Buyer subject only to the exceptions permitted by Section 3.2 hereof (the "Title Policy").
Leasehold Title Policy. Prior to Closing, Title Company shall be in a position to issue a 2006 ALTA Coverage Owner's Policy of Title Insurance (the “Leasehold Title Policy”) showing title to the leasehold vested in Developer as of the Closing Date with liability in an amount as required by Developer subject to all matters shown on the City’s existing Title Policy and any other matters approved in writing by Developer (collectively, “Approved Exceptions”).
