{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "the-policy", "type": "definition", "offset": [6, 16]}, {"key": "cfr-part", "type": "clause", "offset": [53, 61]}, {"key": "performance-of-construction", "type": "clause", "offset": [116, 143]}, {"key": "professional-services-contracts", "type": "clause", "offset": [177, 208]}, {"key": "by-owner", "type": "clause", "offset": [218, 226]}, {"key": "the-us", "type": "clause", "offset": [257, 264]}, {"key": "department-of-transportation", "type": "clause", "offset": [266, 294]}, {"key": "design-professional", "type": "definition", "offset": [296, 315]}, {"key": "reasonable-steps", "type": "definition", "offset": [344, 360]}, {"key": "in-accordance", "type": "definition", "offset": [361, 374]}, {"key": "to-ensure", "type": "clause", "offset": [385, 394]}, {"key": "compete-for", "type": "definition", "offset": [432, 443]}, {"key": "subcontracts-under-this-contract", "type": "clause", "offset": [456, 488]}], "samples": [{"hash": "ecAwlECchIC", "uri": "/contracts/ecAwlECchIC#owner-policy", "label": "Contract for Design Professional Services", "score": 34.1053085327, "published": true}, {"hash": "jceAxH7Jdo", "uri": "/contracts/jceAxH7Jdo#owner-policy", "label": "Design Professional Services Agreement", "score": 29.3099422455, "published": true}, {"hash": "3f4Nq3gq6jp", "uri": "/contracts/3f4Nq3gq6jp#owner-policy", "label": "Construction Contract", "score": 27.6872005463, "published": true}], "snippet": "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.", "size": 9, "hash": "f0e1c43294736c11bc9dccf925b2d27f", "id": 1}, {"snippet_links": [{"key": "cost-and-expense", "type": "clause", "offset": [20, 36]}, {"key": "as-soon-as-possible", "type": "definition", "offset": [83, 102]}, {"key": "following-the-closing", "type": "clause", "offset": [103, 124]}, {"key": "the-owner", "type": "definition", "offset": [126, 135]}], "samples": [{"hash": "hd9uq24rGTx", "uri": "/contracts/hd9uq24rGTx#owner-policy", "label": "Purchase and Sale Agreement (Walden Residential Properties Inc)", "score": 18.0, "published": true}, {"hash": "e4fMF7579RZ", "uri": "/contracts/e4fMF7579RZ#owner-policy", "label": "Purchase and Sale Agreement (Walden Residential Properties Inc)", "score": 18.0, "published": true}, {"hash": "28tov20Jt6S", "uri": "/contracts/28tov20Jt6S#owner-policy", "label": "Purchase and Sale Agreement (Walden Residential Properties Inc)", "score": 18.0, "published": true}], "snippet": "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.", "size": 5, "hash": "89f1700374e91690b84fd168750580e1", "id": 2}, {"snippet_links": [{"key": "at-closing", "type": "clause", "offset": [0, 10]}, {"key": "special-warranty-deed", "type": "definition", "offset": [16, 37]}, {"key": "the-land-and-improvements", "type": "clause", "offset": [41, 66]}, {"key": "seller-shall", "type": "clause", "offset": [133, 145]}, {"key": "to-purchaser", "type": "definition", "offset": [179, 191]}, {"key": "as-soon-as-possible", "type": "definition", "offset": [192, 211]}, {"key": "after-closing", "type": "clause", "offset": [212, 225]}, {"key": "at-seller", "type": "definition", "offset": [227, 236]}, {"key": "sole-expense", "type": "definition", 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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:\n(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;\n(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\n(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 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568]}, {"key": "each-case", "type": "definition", "offset": [573, 582]}, {"key": "amount-of-the-purchase-price", "type": "clause", "offset": [590, 618]}, {"key": "price-per", "type": "definition", "offset": [642, 651]}, {"key": "purchaser-party", "type": "definition", "offset": [744, 759]}, {"key": "title-to-the-property", "type": "clause", "offset": [773, 794]}, {"key": "subject-only", "type": "definition", "offset": [796, 808]}, {"key": "the-permitted-exceptions", "type": "clause", "offset": [812, 836]}], "samples": [{"hash": "8CEdEsdUePD", "uri": "/contracts/8CEdEsdUePD#owner-policy", "label": "Purchase and Sale Agreement (National Health Investors Inc)", "score": 37.3039014374, "published": true}, {"hash": "4rIMZCTaomQ", "uri": "/contracts/4rIMZCTaomQ#owner-policy", "label": "Purchase and Sale Agreement (National Healthcare Corp)", "score": 37.3039014374, "published": true}, {"hash": "kmeBYYFGWWo", "uri": "/contracts/kmeBYYFGWWo#owner-policy", "label": "Purchase and Sale Agreement (National Health Investors Inc)", "score": 37.3011627197, "published": true}], "snippet": "At the Closing, the Title Company will be committed to issue, at Seller\u2019s sole cost and expense (except for any endorsements requested by Purchaser or Purchaser Parties, the cost of which will be paid by Purchaser), at the election of Purchaser either (a) one (1) 2021 extended ALTA form Owner\u2019s Policy of Title Insurance with extended coverage and such endorsements requested by Purchaser (the \u201cOwner Policy\u201d), insuring all Property in a single aggregate Owner Policy, or (b) separate Owner Policies with respect to the Property associated with each separate Facility; in each case in the amount of the Purchase Price (or allocated Purchase Price per Property, if separate Owner Policies are requested by Purchaser), insuring Purchaser\u2019s or a Purchaser Party\u2019s fee simple title to the Property, subject only to the Permitted Exceptions.", "size": 3, "hash": "1710ecccb1ff9fa87943384b82f06e0c", "id": 5}, {"snippet_links": [{"key": "issued-by", "type": "definition", "offset": [35, 44]}, {"key": "title-insurer", "type": "definition", "offset": [49, 62]}, {"key": "standard-form", "type": "clause", "offset": [70, 83]}, {"key": "department-of-insurance", "type": "clause", "offset": [111, 134]}, {"key": "pursuant-to-paragraph", "type": "clause", "offset": [148, 169]}], "samples": [{"hash": "hd9uq24rGTx", "uri": "/contracts/hd9uq24rGTx#owner-policy", "label": "Purchase and Sale Agreement (Walden Residential Properties Inc)", "score": 18.0, "published": true}, {"hash": "e4fMF7579RZ", "uri": "/contracts/e4fMF7579RZ#owner-policy", "label": "Purchase and Sale Agreement (Walden Residential Properties Inc)", "score": 18.0, "published": true}, {"hash": "28tov20Jt6S", "uri": "/contracts/28tov20Jt6S#owner-policy", "label": "Purchase and Sale Agreement (Walden Residential Properties Inc)", "score": 18.0, "published": true}], "snippet": "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.", "size": 3, "hash": "b96e5bbe08ff44499e184545e6268bb1", "id": 6}, {"snippet_links": [{"key": "to-owner", "type": "definition", "offset": [19, 27]}, {"key": "safety-and-training", "type": "clause", "offset": [30, 49]}, {"key": "the-site", "type": "clause", "offset": [70, 78]}, {"key": "the-work", "type": "definition", "offset": [83, 91]}], "samples": [{"hash": "9NYoiV8zdDS", "uri": "/contracts/9NYoiV8zdDS#owner-policy", "label": "Contracting Services Agreement", "score": 21.9399318695, "published": true}, {"hash": "2FSjNsAjvAK", "uri": "/contracts/2FSjNsAjvAK#owner-policy", "label": "Form of Agreement", "score": 21.4335193634, "published": true}, {"hash": "8ICtC6ZK5ZB", "uri": "/contracts/8ICtC6ZK5ZB#owner-policy", "label": "Consultant Agreement", "score": 20.0357398987, "published": true}], "snippet": "respect and adhere to Owner\u2019s safety and training polices relative to the Site and the Work.", "size": 3, "hash": "0da7bc68dd055f83aafbf3131a9a7511", "id": 7}, {"snippet_links": [{"key": "at-the-closing", "type": "clause", "offset": [0, 14]}, {"key": "ordinary-course", "type": "definition", "offset": [70, 85]}, {"key": "title-company", "type": "definition", "offset": [93, 106]}, {"key": "after-closing", "type": "clause", "offset": [118, 131]}, {"key": "at-seller", "type": "definition", "offset": [134, 143]}, {"key": "cost-and-expense", "type": "clause", "offset": [151, 167]}, {"key": "policy-premium", "type": "definition", "offset": [181, 195]}, {"key": "owner-policy-of-title-insurance", "type": "clause", "offset": [218, 249]}, {"key": "issued-by", "type": "definition", "offset": [271, 280]}, {"key": "company-in", "type": "clause", "offset": [291, 301]}, {"key": "amount-of-the-purchase-price", "type": "clause", "offset": [327, 355]}, {"key": "title-to-the-real-property", "type": "clause", "offset": [389, 415]}, {"key": "the-improvements", "type": "clause", "offset": [420, 436]}, {"key": "subject-only", "type": "definition", "offset": [437, 449]}, {"key": "the-permitted-exceptions", "type": "clause", "offset": [453, 477]}, {"key": "the-standard", "type": "clause", "offset": [482, 494]}, {"key": "the-title-commitment", "type": "clause", "offset": [523, 543]}, {"key": "extended-coverage", "type": "definition", "offset": [598, 615]}, {"key": "at-purchaser", "type": "definition", "offset": [633, 645]}], "samples": [{"hash": "9UtyVpQwKH5", "uri": "/contracts/9UtyVpQwKH5#owner-policy", "label": "Purchase Agreement (Carter Validus Mission Critical REIT II, Inc.)", "score": 24.4401092529, "published": true}, {"hash": "78wFIgQk8kk", "uri": "/contracts/78wFIgQk8kk#owner-policy", "label": "Purchase Agreement (Carter Validus Mission Critical REIT II, Inc.)", "score": 24.1444225311, "published": true}], "snippet": "At the Closing, Purchaser must be able to obtain (for issuance in the ordinary course of the Title Company\u2019s business after Closing), at Seller\u2019s sole cost and expense for the base policy premium only, a standard ALTA Owner Policy of Title Insurance (the \u201cOwner Policy\u201d) issued by the Title Company in Purchaser\u2019s favor in the amount of the Purchase Price, insuring Purchaser\u2019s 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\u2019s sole cost).", "size": 2, "hash": "5ada663c3bb2d597b809939306a521be", "id": 8}, {"snippet_links": [{"key": "at-the-closing", "type": "clause", "offset": [0, 14]}, {"key": "title-company", "type": "definition", "offset": [20, 33]}, {"key": "at-seller", "type": "definition", "offset": [47, 56]}, {"key": "form-t-1", "type": "clause", "offset": [82, 90]}, {"key": "owner-policy-of-title-insurance", "type": "clause", "offset": [91, 122]}, {"key": "amount-of-the-purchase-price", "type": "clause", "offset": [172, 200]}, {"key": "title-to-the-real-property", "type": "clause", "offset": [234, 260]}, {"key": "the-improvements", "type": "clause", "offset": [265, 281]}, {"key": "subject-only", "type": "definition", "offset": [282, 294]}, {"key": "the-permitted-exceptions", "type": "clause", "offset": [298, 322]}, {"key": "by-the-purchaser", "type": "clause", "offset": [375, 391]}, {"key": "at-purchaser", "type": "definition", "offset": [417, 429]}, {"key": "if-available", "type": "definition", "offset": [438, 450]}, {"key": "the-state-of-texas", "type": "clause", "offset": [454, 472]}, {"key": "deletion-of", "type": "clause", "offset": [551, 562]}, {"key": "the-survey", "type": "clause", "offset": [590, 600]}], "samples": [{"hash": "jw1N6Yy3aAV", "uri": "/contracts/jw1N6Yy3aAV#owner-policy", "label": "Purchase Agreement (Carter Validus Mission Critical REIT II, Inc.)", "score": 26.0157432556, "published": true}, {"hash": "fbEmGvXRgwI", "uri": "/contracts/fbEmGvXRgwI#owner-policy", "label": "Purchase Agreement (Carter Validus Mission Critical REIT II, Inc.)", "score": 26.0157432556, "published": true}], "snippet": "At the Closing, the Title Company shall issue, at Seller\u2019s cost, a standard Texas Form T-1 Owner Policy of Title Insurance (the \u201cOwner Policy\u201d) in Purchaser\u2019s favor in the amount of the Purchase Price, insuring Purchaser\u2019s 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\u2019s 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.", "size": 2, "hash": "d0fc09a2ed46a82da34b6e1bb06f18bc", "id": 9}, {"snippet_links": [{"key": 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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.", "size": 2, "hash": "b26f6c06081574ae080ae293b0cd0ad5", "id": 10}], "next_curs": "ClUST2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjELEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhVvd25lci1wb2xpY3kjMDAwMDAwMGEMogECZW4YACAA", "clause": {"children": [["", ""], ["effect-of-assignment", "Effect of Assignment"], ["further-assurances", "Further Assurances"], ["binding-effect-governing-law", "Binding Effect; Governing Law"], ["indemnification", "Indemnification"]], "title": "Owner Policy", "size": 54, "parents": [["good-and-marketable-title", "Good and Marketable Title"], ["disadvantaged-business-enterprise-dbe-assurances", "DISADVANTAGED BUSINESS ENTERPRISE (DBE) ASSURANCES"], ["evidence-of-title", "Evidence of Title"], ["closing-and-conditions-to-closing", "Closing and Conditions to Closing"], ["closing", "Closing"]], "id": "owner-policy", "related": [["rw-insurance-policy", "R&W Insurance Policy", "R&W Insurance Policy"], ["title-insurance-policy", "Title Insurance Policy", "Title Insurance Policy"], ["insurance-policy", "Insurance Policy", "Insurance Policy"], ["title-insurance-policies", "Title Insurance Policies", "Title Insurance Policies"], ["rw-policy", "R&W Policy", "R&W Policy"]], "related_snippets": [], "updated": "2026-04-24T04:48:06+00:00", "also_ask": [], "drafting_tip": null, "explanation": "An Owner Policy clause defines the terms and conditions under which an owner, typically of real property, is provided with insurance coverage or specific rights. This clause outlines what risks or losses are covered for the owner, such as protection against defects in title, liens, or other encumbrances that may affect ownership. By clearly specifying the scope of coverage and any exclusions, the clause ensures that the owner's interests are protected and provides clarity regarding the extent of the insurer's obligations, thereby reducing uncertainty and potential disputes over property rights."}, "json": true, "cursor": ""}}