Common use of Other Title Company Clause in Contracts

Other Title Company. If the Title Company does not agree to remove, waive or insure over any Unpermitted Exception(s), but another nationally recognized, financially sound title insurance company is willing to issue the Title Policy without such Unpermitted Exception(s), then Seller shall have the right to obtain, and Purchaser shall accept, a Title Policy from such other title insurance company which otherwise shall satisfy the requirements of Section 8.2(d) (in which case the term “Title Company” shall be deemed to refer to such other title insurance company, and term “Escrow Agent” shall be deemed to refer to the escrow agent of such other title insurance company for all purposes in this Agreement).

Appears in 1 contract

Samples: Purchase and Sale Agreement (Chesapeake Lodging Trust)

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Other Title Company. If the Title Company does not agree to remove, waive or insure over any Unpermitted Exception(s), but another nationally recognized, financially sound recognized title insurance company is willing to issue the Title Policy without such Unpermitted Exception(s), then Seller shall have the right to obtain, and Purchaser shall accept, a Title Policy from such other title insurance company which otherwise shall satisfy the requirements of Section 8.2(d) (in which case the term "Title Company" shall be deemed to refer to such other title insurance company, and term "Escrow Agent" shall be deemed to refer to the escrow agent of such other title insurance company for all purposes in of this Agreement).

Appears in 1 contract

Samples: Agreement of Purchase and Sale and Joint Escrow Instructions (Apple Hospitality Five Inc)

Other Title Company. If the Title Company does not agree to remove, waive or insure over any Unpermitted Exception(s), but another nationally recognized, financially sound recognized title insurance company reasonably acceptable to Purchaser and its lenders is willing to issue the Title Policy without such Unpermitted Exception(s), then Seller shall have the right to obtain, and Purchaser shall accept, a Title Policy from such other title insurance company which otherwise shall satisfy the requirements of Section 8.2(d) (in which case the term "Title Company" shall be deemed to refer to such other title insurance company, and term "Escrow Agent" shall be deemed to refer to the escrow agent of such other title insurance company for all purposes in this Agreement).

Appears in 1 contract

Samples: Purchase and Sale Agreement (Westin Hotels LTD Partnership)

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Other Title Company. If the Title Company does not agree to remove, waive or insure over any Unpermitted Exception(s), but another nationally recognized, financially sound title insurance company that is reasonably acceptable to Purchaser is willing to issue the Title Policy without such Unpermitted Exception(s), then Seller shall have the right to obtain, and Purchaser shall accept, a Title Policy from such other title insurance company which otherwise shall satisfy the requirements of Section 8.2(d) (in which case the term “Title Company” shall be deemed to refer to such other title insurance company, and the term “Escrow Agent” shall be deemed to refer to the escrow agent of such other title insurance company for all purposes in this Agreement).

Appears in 1 contract

Samples: Purchase and Sale Agreement (Hyatt Hotels Corp)

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