Owner Policy. It is the policy of Owner that DBEs as defined in 49 CFR Part 26 will have a fair opportunity to participate in the performance of construction, architectural, engineering, and professional services contracts procured by Owner funded in whole or in part by the U.S. Department of Transportation. Design Professional will take all necessary and reasonable steps in accordance therewith to ensure that DBEs have a fair opportunity to compete for and perform subcontracts under this Contract.
Owner Policy. Seller, at its sole cost and expense, also shall deliver or cause to be delivered, as soon as possible following the Closing, the Owner Policy.
Owner Policy. At the Closing, Purchaser must be able to obtain a standard ALTA form Owner Policy of Title Insurance (the “Owner Policy”) issued by the Title Company in Purchaser’s favor in the amount of the Purchase Price, insuring Purchaser’s fee simple title to the Real Property and the Improvements subject only to the Permitted Exceptions, together with such endorsements as Purchaser may request on or before the end of the Review Period.
Owner Policy. At Closing, the special warranty deed to the Land and Improvements referred to in Subparagraph 8(b)(i) hereof shall be recorded, and Seller shall furnish or cause to be furnished to Purchaser as soon as possible after Closing, at Seller's sole expense, the Owner Policy covering the Property, together with such endorsements as Purchaser may require, insuring good and indefeasible fee simple title to be vested in Purchaser and insuring Purchaser's title to the Property in an amount equal to the Purchase Price for the Property, subject only to the Permitted Title Exceptions and the standard printed exceptions, except that:
(i) the exception relating to restrictions against the Property shall be endorsed by the Title Insurer to read "None of record" except for such restrictions as may be included in the Permitted Title Exceptions;
(ii) the exception relating to discrepancies, conflicts, shortages in area, boundaries, encroachments, or overlaps shall be modified, at Seller's sole cost and expense, by deleting such exception and referencing only specific survey exceptions; and
(iii) the exception relating to ad valorem taxes shall except only to taxes owing for the current year of Closing and subsequent years and subsequent assessments for prior years due to change in land usage or ownership, not yet due and payable.
Owner Policy respect and adhere to Owner’s safety and training polices relative to the Site and the Work.
Owner Policy. An Owner Policy of Title Insurance issued by the Title Insurer in the standard form promulgated by the Florida Department of Insurance, as modified pursuant to Paragraph 6(d) hereof.
Owner Policy. The Title Company shall have unconditionally committed to issue an Owner’s Policy of Title Insurance (the “Owner Policy”), delivered in due course by the Title Company after Closing, to be issued by the Title Company on the standard form in use in the State of Utah, in the full amount of the Sales Price, dated as of the Closing Date, insuring Purchaser’s fee simple title to the Land and Improvements to be good and indefeasible subject only to Permitted Exceptions and others approved by Purchaser in writing. Notwithstanding the foregoing or anything else stated to the contrary herein, if the Title Company issues a form of title commitment acceptable to Purchaser prior to the expiration of Purchaser’s Inspection Period that does not set forth any requirements inconsistent with the terms of this Agreement, then, the form of Owner Policy that shall be delivered to Purchaser as provided in this Section 4(b)(iv) shall be the form of title policy provided for in such title commitment delivered to Seller, together with all endorsements attached thereto (the “Approved Owner Policy”).
Owner Policy. At the Closing, the Title Company shall issue, at Seller’s cost, a standard Texas Form T-1 Owner Policy of Title Insurance (the “Owner Policy”) in Purchaser’s favor in the amount of the Purchase Price, insuring Purchaser’s fee simple title to the Real Property and the Improvements subject only to the Permitted Exceptions, together with the following endorsements requested by the Purchaser, such endorsements to be at Purchaser’s cost, if available in the State of Texas: T-19- Restrictions, Encroachments & Minerals; T-23- Access; T-25 Contiguity; Deletion of Arbitration; Limitation of the survey exception to shortages in area.
Owner Policy. At the Closing, Purchaser must be able to obtain (for issuance in the ordinary course of the Title Company’s business after Closing), at Seller’s sole cost and expense for the base policy premium only, a standard ALTA Owner Policy of Title Insurance (the “Owner Policy”) issued by the Title Company in Purchaser’s favor in the amount of the Purchase Price, insuring Purchaser’s fee simple title to the Real Property and the Improvements subject only to the Permitted Exceptions and the standard printed exceptions shown in the Title Commitment (Purchaser may obtain such available endorsements and extended coverage as it may desire at Purchaser’s sole cost).
Owner Policy. It is the policy of the Owner that small businesses owned and controlled by socially and economically disadvantaged individuals referred to by Congress as DBEs will have a fair opportunity to compete for and participate in the performance of construction, architectural, engineering, and professional services contracts procured by Owner funded in whole or in part by the United States Department of Transportation (USDOT). The Design Professional will take all necessary and reasonable steps in accordance therewith to ensure that DBEs have a fair opportunity to compete for and perform subcontracts under this Contract.
