Common use of Objections to Title Clause in Contracts

Objections to Title. (a) The obligation of the Surviving Partnership to execute or file the Certificate of Merger is conditioned upon the ability of the Surviving Partnership to obtain title insurance with respect to the Property insuring that, as of the Effective Date, title to the Property is not subject to any liens, encumbrances or other title objections other than the lien of the mortgage securing the Existing Loan, any apartment leases for tenants of the Property and the title exceptions identified in EXHIBIT H attached hereto. (b) The Merged Partnership agrees that, upon the request of the Surviving Partnership, it will provide an affidavit in such customary form as shall allow the Surviving Partnership to obtain a non-imputation endorsement to the title policy purchased by the Surviving Partnership.

Appears in 7 contracts

Samples: Merger Agreement (Home Properties of New York Inc), Merger Agreement (Home Properties of New York Inc), Merger Agreement (Home Properties of New York Inc)

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