OWNER’S TITLE INSURANCE. In some cases, an Owner’s Policy of Title Insurance may be transferrable to Buyer. 169 Seller currently does does not hold a policy of Owner’s Title Insurance on the Real Estate. Seller agrees to offer to 170 purchase a policy of Owner’s Title Insurance to prospective buyers, in the marketing of the Real Estate yes no. [Note: 171 Buyer may request Seller to purchase a policy of Owner’s Title Insurance or to contribute to such purchase.] 172 26. AGENCY: Seller acknowledges receipt of the Consumer Guide to Agency Relationships and understands the effect of each 173 type of agency relationship on the sale of Seller’s Real Estate. Seller agrees to execute an Agency Disclosure Statement as 174 required by state law or regulation.
OWNER’S TITLE INSURANCE. In conjunction with the Closing, Seller shall, at Seller's sole cost and expense, cause to be issued and delivered to Buyer, as the named insured, an ALTA standard form owner's policy of title insurance in the amount of the purchase price of the Property, ensuring that fee simple title to the Property is vested in the Buyer subject only to the Permitted Encumbrances referred to in section 1.4 hereof standard items and exceptions. In the event Buyer desires to obtain an extended coverage policy of title insurance or any requested endorsements or easements to such policy of title insurance, Buyer shall pay the additional costs and premiums necessary for issuance of an extended coverage policy of title insurance and/or any requested endorsement to such policy of title insurance.
OWNER’S TITLE INSURANCE. On the Closing Date, GTA-IB shall pay the premiums, costs and expenses relating to the Title Policy (as defined below). For purposes hereof, the term “Title Policy” shall mean (i) an ALTA Owner’s form of extended coverage title insurance policy in an amount reasonably determined by GTA-IB insuring that fee simple to the Condo Property is vested in GTA-IB Condominium subject only to such exceptions to title as listed on Exhibit J-1 attached hereto (the “Condo Property Permitted Exceptions”) and (ii) an ALTA Owner’s form of extended coverage title insurance policy in an amount reasonably determined by GTA-IB insuring that fee simple to the Innisbrook Real Property is vested in GTA-IB subject only to such exceptions to title as are listed on Exhibit J-2 attached hereto (the “Innisbrook Permitted Exceptions”).
OWNER’S TITLE INSURANCE. The Lessor shall have received an owner's title policy, or marked up unconditional binder for such insurance, dated the Closing Date, for the Property, insuring the Lessor and the Agent that the Lien of the Lease is a first and primary Lien
OWNER’S TITLE INSURANCE. BUYER understands that all defects in title may not be discovered by a title examination. XXXXX is advised to consult a Real Estate title insurance representative or an attorney regarding Owner’s Title insurance.
OWNER’S TITLE INSURANCE. The Agent Lessor shall have received an owner's title policy, or an unconditional written undertaking of the Title Company to issue such insurance, dated the initial Funding Date, insuring fee title to the Property in the Agent Lessor, subject to recharacterization of the Lease, in which event insuring that the Lien created by the Lease is a first Lien in the Lessee's interest in the Improvements and the Land; and the Agent Lessor shall have received evidence reasonably satisfactory to it that all premiums in respect of such policy have been paid or provision made therefor.
OWNER’S TITLE INSURANCE. Seller shall deliver or cause to be delivered to Purchaser as soon as practicable after Closing a standard form policy of owner’s title insurance dated as of the date of Closing in the full amount of the purchase price and showing title to that portion of the Property described in the respective preliminary title commitment vested in the name of Purchaser, subject to no special exceptions other than the Permitted Exceptions.
OWNER’S TITLE INSURANCE. Purchaser shall not be obligated to proceed to Closing unless the Title Company is prepared to issue an Owner's Title Insurance Policy in the amount of the purchase price, insuring the gap, excepting only the Permitted exceptions and deleting the standard exceptions for: (a) rights of parties in possession; (b) errors or defects not revealed by the Survey; (c) taxes or assessments for prior years due to a change in land use or reclassification from agricultural or open space to residential use; (d) construction, mechanics' and materialmen's liens which have not been filed of record but relate to work performed for Seller before the Closing; and (e) exclusion for rights or claims of creditors under federal bankruptcy or state insolvency laws. Purchaser shall pay the title insurance premium.
OWNER’S TITLE INSURANCE. Tenant shall purchase, from the Project Fund or from Tenant's own funds, a policy of owner's title insurance, insuring fee simple title to the Project in Issuer, in an amount equal to $2,000,000. Issuer and Tenant agree that any and all proceeds therefrom during the Basic Term (a) if received before the completion of the Project shall be paid into and become a part of the Project Fund, (b) if received thereafter but before the Bonds and interest thereon have been paid in full, shall be paid into and become a part of the Principal and Interest Payment Account, and (c) if received after the Bonds, redemption premium, if any, and interest thereon have been paid in full, shall belong and be paid to Tenant.
OWNER’S TITLE INSURANCE. In conjunction with the Closing, the Seller shall, at the Seller's cost and expense, cause the Title Company to issue and deliver to the Buyer (as the named insured), an ALTA Owner's Policy of Title Insurance, providing for extended coverage, in the amount of the purchase price of the Property, insuring that fee simple title to the Property, as described in the Survey, is vested in the Buyer subject only to the Permitted Encumbrances referred to in Section 5 hereof. The Buyer shall pay the additional cost of any special endorsements or so-called "extended coverage" that the Buyer may desire.
