Owner’s Policy. On or before the Closing, the Title Company must be prepared to issue to Buyer an Owner's Policy of Title Insurance for the Property (the "Title Policy") effective as of the Closing, insuring Buyer in the amount of the Purchase Price that title to the Property is vested in Buyer at the Closing, subject only to (a) standard pre-printed exceptions (other than those preprinted exceptions that can be removed with a customary seller's affidavit), (b) liens for taxes and assessments not yet delinquent, (c) those exceptions to title described in the corresponding Title Report other than the Disapproved Title Exceptions and (d) exceptions created or suffered by Buyer. Buyer may require an extended coverage policy without a generic survey exception only if Buyer can timely provide Title Company with all information necessary in order for the extended coverage policy to be issued on or before the Closing Date. Seller shall not suffer any liability in connection with its failure to remove any title exception; Buyer's sole remedy for Seller's failure to cause the elimination of a Disapproved Title Exception shall be termination of this Agreement. Notwithstanding the foregoing, Seller shall cause the removal of any Mandatory Cure Item at or before the Closing.
Owner’s Policy. The commitment and ability of Title Company to issue the “Owner’s Policy” to Buyer, if requested, dated as of the date and time of the Closing. “Owner’s Policy” means Title Company’s Owner’s Policy of Title Insurance in the full amount of the Purchase Price, insuring fee simple title to the Property, as vested in Buyer subject only to installments of real estate taxes not delinquent and the exceptions detailed on the Preliminary Title Commitment issued by First American Title Insurance Company dated (File # ).
Owner’s Policy. The commitment and ability of Title Company to issue the “Owner’s Policy” to Buyer, if requested, dated as of the date and time of the Closing. “Owner’s Policy” means Title Company’s Owner’s Policy of Title Insurance in the full amount of the Purchase Price, insuring fee simple title to the Property, as vested in Buyer subject only to installments of real estate taxes not delinquent and the exceptions detailed on the Preliminary Title Commitment issued by First American Title Insurance Company attached hereto as Exhibit A and any unrecorded encumbrances to the Property listed on Exhibit C.
Owner’s Policy. As a condition to Buyer's obligations to purchase the Property, on or before the Close of Escrow, Title Company must be prepared to issue to Buyer the Title Policy effective as of the Close of Escrow, insuring Buyer in the amount of the Purchase Price that upon recordation of the Deed (as defined in Section 7.1 hereof) title to the Property shall be vested in Buyer, subject only to the Permitted Exceptions and the standard printed exceptions other than any Disapproved Title Exception not waived by Buyer.
Owner’s Policy. As of the Closing, the Title Company shall have issued or shall have committed to issue, upon the sole condition of payment of its reasonably scheduled premium, a policy of title insurance with endorsements and affirmative coverage approved by Buyer (the “Owner’s Policy”). Buyer shall obtain, prior to the Contingency Date, the Title Company’s commitment to issue the Owner’s Policy at Closing, subject only to the sole conditions of: (i) payment of its reasonably scheduled premium, (ii) removal by Seller of the Seller’s Liens, and (iii) Seller’s delivery to Escrow of Seller’s deliveries required under Section 3.2, as well as any evidence of good standing or corporate authority required by Escrow Holder to close the transaction contemplated herein. At its option, Buyer may elect to obtain a Lender’s Policy of title insurance and/or additional endorsements to the Owner’s Policy, however, the Closing shall be conditioned only on the Title Company being prepared to issue the Owner’s Policy committed to be issued by the Title Company prior to the Contingency Date.
Owner’s Policy. Escrow Holder in its capacity as title insurer must be unconditionally committed to issue Buyer, in accordance with Section 11 of this Agreement, as of each of the Closing Date, an ALTA Extended Coverage Owner's Policy of Title Insurance, insuring Buyer in the amount of the Purchase Price that title to the Real Property and Improvements, is vested in Buyer on the Close of Escrow, subject only to those exceptions to title described in the Preliminary Report other than the Disapproved Title Exceptions, accompanied by appropriate endorsements regarding, and deletions of, the standard mechanic's lien and survey exceptions, and such additional affirmative coverage reasonably required by Buyer (the "Title Policy"). Buyer shall cooperate reasonably with Seller's and Escrow Holder's (in its capacity as title insurer) efforts to comply with this Section 5.7, including, without limitation, timely responding to reasonable inquiry from Seller or Escrow Holder and executing any documents necessary to issue the title policy as may be reasonably requested.
Owner’s Policy. Evidence of title in the Company shall be confirmed by the issuance at the Final Closing by a title company reasonably acceptable to Buyer of its CLTA Owner's Policy of Title Insurance insuring that fee title in the Land is vested in the Company, subject to obligations for local real estate taxes and assessments not yet due or payable; and such other exceptions as may be approved in writing by Buyer (the "Title Policy"). The Title Policy shall include such endorsements as Buyer may reasonably request prior to the Closing Date.
Owner’s Policy. The Title Company shall stand ready to issue, on the Closing Date, a CLTA Owner’s Title Insurance Policy, or, provided Buyer timely provides the ALTA Survey to the Title Company, an ALTA Owner’s Title Insurance Policy; in a form reasonably satisfactory to Buyer (the “Owner’s Policy”) with liability equal to the Purchase Price, showing title vested in Buyer, subject only to the Permitted Exceptions.
Owner’s Policy. The Title Company shall stand ready to issue, on the Closing Date, the Owner’s Policy with liability equal to the Purchase Price, showing title vested in Buyer, subject only to the Permitted Exceptions.
Owner’s Policy on the Utilization of Historically Underutilized Businesses (the “Policy”). Construction Manager, as a provision of the Contract, must comply with the requirements of the Policy and adhere to the Historically Underutilized Businesses (“HUB”) Subcontracting Plans submitted for Pre-Construction Phase and Construction Phase Services referenced in Attachment F. No changes to a HUB Subcontracting Plan can be made by Construction Manager without the written approval of Owner in accordance with the Policy.
