Common use of Owner’s Title Policy Clause in Contracts

Owner’s Title Policy. At Closing, Seller shall pay for the cost of issuing a standard ALTA owner’s title insurance policy to Buyer in accordance with the Final Title Commitment (“Owner’s Title Policy”). Seller shall not be responsible for the cost of any extended or special title insurance coverage, lender’s title insurance and/or title insurance endorsements. At or before Closing, Seller shall deliver a vendor’s affidavit in a form that is consistent with the parties’ rights and obligations under this Agreement and Seller shall otherwise reasonably cooperate with respect to the satisfaction of the Title Company’s requirements for issuing the Owner’s Title Policy, as set forth in the Final Title Commitment; provided, however, Seller shall have no obligation with respect to and Buyer’s obligations are not contingent upon: (a) the satisfaction of any requirement that is contrary to or inconsistent with the provisions of this Agreement; (b) the satisfaction of any requirement that can only be satisfied by Buyer or that reasonably should be satisfied by Buyer as opposed to Seller; and/or (c) the availability or issuance of any extended or special title insurance coverage, any title insurance endorsement or any other title insurance product other than the Final Title Commitment for the issuance of the Owner’s Title Policy as described in this Agreement.

Appears in 1 contract

Samples: Agreement to Purchase

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Owner’s Title Policy. At Closing, Seller shall pay for the cost of issuing a standard ALTA owner’s title insurance policy to Buyer in accordance with the Final Title Commitment (“Owner’s Title Policy”). Seller shall not be responsible for the cost of any extended or special title insurance coverage, lender’s title insurance and/or title insurance endorsements. At or before Closing, Seller shall deliver a vendor’s affidavit in a form that is consistent with the parties’ rights and obligations under this Agreement and Seller shall otherwise reasonably cooperate with respect to the satisfaction of the Title Companytitle company’s requirements for issuing the Owner’s Title Policy, as set forth in the Final Title Commitment; provided, however, Seller shall have no obligation with respect to the satisfaction of any requirement or condition that is contrary to or inconsistent with the provisions of this Agreement; provided, further, Seller shall have no obligation with respect to and Buyer’s obligations are not contingent upon: (a) the satisfaction of any requirement that is contrary to or inconsistent with the provisions of this Agreement; (b) the satisfaction of any requirement condition that can only be satisfied by Buyer or that reasonably should be satisfied by Buyer as opposed to Seller; and/or (cb) the availability or issuance of any extended or special title insurance coverage, any title insurance endorsement or any other title insurance product other than the Final Title Commitment for the issuance of the Owner’s Title Policy as described in this Agreement.

Appears in 1 contract

Samples: Agreement to Purchase

Owner’s Title Policy. At Closing, Seller shall pay for the cost of issuing a one or more standard ALTA owner’s title insurance policy policy(ies) to Buyer in accordance with the Final Title Commitment (“Owner’s Title Policy”, whether one or more). Seller shall not be responsible for the cost of any extended or special title insurance coverage, lender’s title insurance and/or title insurance endorsements. At or before Closing, Seller shall deliver a vendor’s affidavit in a form that is consistent with the parties’ rights and obligations under this Agreement and Seller shall otherwise reasonably cooperate with respect to the satisfaction of the Title Company’s requirements for issuing the Owner’s Title Policy, as set forth in the Final Title Commitment; provided, however, Seller shall have no obligation with respect to the satisfaction of any requirement or condition that is contrary to or inconsistent with the provisions of this Agreement; provided, further, Seller shall have no obligation with respect to and Buyer’s obligations are not contingent upon: (a) the satisfaction of any requirement that is contrary to or inconsistent with the provisions of this Agreement; (b) the satisfaction of any requirement condition that can only be satisfied by Buyer or that reasonably should be satisfied by Buyer Xxxxx as opposed to Seller; and/or (cb) the availability or issuance of any extended or special title insurance coverage, any title insurance endorsement or any other title insurance product other than the Final Title Commitment for the issuance of the Owner’s Title Policy as described in this Agreement.

Appears in 1 contract

Samples: Form of Agreement

Owner’s Title Policy. At Closing, Seller shall pay for the cost of issuing a standard coverage ALTA owner’s title insurance policy to Buyer in accordance with the Final Title Commitment (“Owner’s Title Policy”). Seller shall not be responsible for the cost of any extended or special title insurance coverage, lender’s title insurance and/or title insurance endorsements. At or before ClosingSubject to the terms and conditions of this Agreement, Seller shall deliver a vendor’s affidavit in a form that is consistent with the parties’ rights and obligations under this Agreement and Seller shall otherwise reasonably cooperate with respect to the satisfaction of the Title Company’s requirements for issuing the Owner’s Title Policy, as set forth in the Final Title Commitment; provided, however, . Buyer is responsible for the satisfaction of any title insurance requirement pertaining to Buyer or the proposed insured or any obligation of Buyer or the proposed insured or any title insurance requirement that can only be (or that reasonably should be) satisfied by Xxxxx as opposed to Seller (each a “Buyer-Related Requirement”). Seller shall have no obligation with respect to and Buyer’s obligations are not contingent upon: (a) upon the satisfaction of any requirement that is contrary to Buyer-Related Requirement or inconsistent with the provisions of this Agreement; (b) the satisfaction of any requirement that can only be satisfied by Buyer or that reasonably should be satisfied by Buyer as opposed to Seller; and/or (c) the availability or issuance of any extended or special title insurance coverage, any title insurance endorsement or any other title insurance product other than the Final Title Commitment for the issuance of the Owner’s Title Policy as described in this Agreement. Seller shall have no obligation with respect to the satisfaction of any title insurance requirement or condition that is contrary to or inconsistent with the provisions of this Agreement.

Appears in 1 contract

Samples: Agreement to Purchase

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Owner’s Title Policy. At Closing, Seller shall pay for the cost of issuing a one or more standard ALTA owner’s title insurance policy policy(ies) to Buyer in accordance with the Final Title Commitment (“Owner’s Title Policy”, whether one or more). Seller shall not be responsible for the cost of any extended or special title insurance coverage, lender’s title insurance and/or title insurance endorsements. At or before Closing, Seller shall deliver a vendor’s affidavit in a form that is consistent with the parties’ rights and obligations under this Agreement and Seller shall otherwise reasonably cooperate with respect to the satisfaction of the Title Company’s requirements for issuing the Owner’s Title Policy, as set forth in the Final Title Commitment; provided, however, Seller shall have no obligation with respect to the satisfaction of any requirement or condition that is contrary to or inconsistent with the provisions of this Agreement; provided, further, Seller shall have no obligation with respect to and Buyer’s obligations are not contingent upon: (a) the satisfaction of any requirement that is contrary to or inconsistent with the provisions of this Agreement; (b) the satisfaction of any requirement condition that can only be satisfied by Buyer or that reasonably should be satisfied by Buyer as opposed to Seller; and/or (cb) the availability or issuance of any extended or special title insurance coverage, any title insurance endorsement or any other title insurance product other than the Final Title Commitment for the issuance of the Owner’s Title Policy as described in this Agreement.

Appears in 1 contract

Samples: Form of Agreement

Owner’s Title Policy. At Closing, Seller shall pay for the cost of issuing a an ALTA standard ALTA coverage owner’s title insurance policy to Buyer in accordance with the Final Title Commitment (“Owner’s Title Policy”). Seller shall not be responsible for the cost of any extended or special title insurance coverage, title insurance endorsement and/or lender’s title insurance and/or title insurance endorsementsinsurance. At or before Closing, Seller shall deliver a vendor’s affidavit in a form that is consistent with the parties’ rights and obligations under this Agreement and Seller shall otherwise reasonably cooperate with respect to the satisfaction of the Title Company’s requirements for issuing the Owner’s Title Policy, as set forth in the Final Title Commitment; provided, however, Seller shall have no obligation with respect to and Buyer’s obligations are not contingent uponto: (ai) the satisfaction of any requirement or condition that is contrary to or inconsistent with the provisions of this Agreement; and/or (bii) the satisfaction of any requirement or condition that can only be satisfied by Buyer or that reasonably should be satisfied by Buyer as opposed to Seller; and/or . Seller shall have no obligation with respect to (cand Buyer’s obligations are not contingent upon) the availability or issuance of any extended or special title insurance coverage, any title insurance endorsement or any other title insurance product other than the Final Title Commitment for the issuance of the Owner’s Title Policy as described in this Agreement.

Appears in 1 contract

Samples: Form of Agreement

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