Common use of Owner’s Title Policy Clause in Contracts

Owner’s Title Policy. At Closing, Companies shall possess, ------------------- with respect to the Real Property, an extended coverage owners policy of title insurance from a title company acceptable to Purchasers (the "Title Company"), dated as of the Closing Date, in the amount equal to the fair market value of such real property. The title policy shall include comprehensive, access, contiguity, non-imputation and zoning endorsements, and shall insure title to the Real Property to be in fee simple in Companies, subject only to the Permitted Exceptions set forth in Section 2.3 hereof (the "Owners Policy").

Appears in 2 contracts

Samples: Stock Purchase Agreement (Eastern Environmental Services Inc), Stock Purchase Agreement (Eastern Environmental Services Inc)

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Owner’s Title Policy. At Closing, Companies the Company shall possessown, with ------------------- with respect to all real property owned by the Real PropertyCompany, an extended coverage owners policy of title insurance from a title company acceptable to Purchasers Purchaser (the "Title Company"), dated as of the Closing Date, in the amount equal to the fair market value of such real property. The title policy policies shall include comprehensive, zoning, access, contiguity, non-imputation and zoning contiguity endorsements, and shall insure title to the Real Property real property to be in fee simple in Companies, Company subject only to the Permitted Exceptions set forth in permitted by Section 2.3 2.2 hereof (the "Owners Policy"). Sellers and Purchaser shall share the cost of the Owners Policy.

Appears in 1 contract

Samples: Stock Purchase Agreement (Eastern Environmental Services Inc)

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Owner’s Title Policy. At Closing, Companies Associates shall possess, ------------------- -------------------- with respect to the Real Property, an extended coverage owners owner's policy of title insurance from a title company acceptable to Purchasers Eastern (the "Title Company"), dated as of the Closing Date, in the amount equal to the fair market value of such real property. The title policy shall include comprehensive, access, contiguity, non-imputation and zoning endorsements, and shall insure title to the Real Property to be in fee simple in Companies, subject only to the Permitted Exceptions set forth in Section 2.3 hereof (the "Owners Policy").

Appears in 1 contract

Samples: Stock and Partnership Interest Purchase Agreement (Eastern Environmental Services Inc)

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