Common use of Owner’s Policy Clause in Contracts

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 Xxxxxxx Title Insurance Company dated August 1, 2011 (File # #711057).