Common use of Owner Policy Clause in Contracts

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.

Appears in 2 contracts

Samples: Purchase Agreement (Carter Validus Mission Critical REIT II, Inc.), Purchase Agreement (Carter Validus Mission Critical REIT, Inc.)

AutoNDA by SimpleDocs

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 has requested and Title Company has committed in writing to deliver through a pro forma policy a copy of which shall have been delivered to Seller during the Review Period.

Appears in 1 contract

Samples: Purchase Agreement (Carter Validus Mission Critical REIT, Inc.)

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 PriceInitial Investment (as defined in Section 6.03 below), insuring Purchaser’s fee simple title to the Real Property and the Improvements Improvements, subject only to the Permitted Exceptions, together with such endorsements as Purchaser may request on or before the end of the Review Period.

Appears in 1 contract

Samples: Purchase and Sale Agreement (MedEquities Realty Trust, Inc.)

AutoNDA by SimpleDocs

Owner Policy. At the As a condition to Purchaser’s obligation to proceed with 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.

Appears in 1 contract

Samples: Purchase Agreement (Carter Validus Mission Critical REIT, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!