Policy of Title Insurance. At the Closing, Buyer’s Attorney or Title Company shall deliver to Buyer a Commitment for Title Insurance or a Policy of Title Insurance in the amount of the Purchase Price, committing to insure, or insuring title vested in Buyer, free of encumbrances, except:
Policy of Title Insurance. First American’s issuance of the Policy to Nu Skin is intended to cause First American to assume all risk of loss or injury arising from the Trust Deeds and their reconveyance pursuant to this Agreement, up to the Policy amount and subject to the provisions of the Policy (but not subject to Exclusions in Section 3 of the Policy) and subject to First American’s rights against Nu Skin and Sellers, if any, pursuant to the provisions of this Agreement. In the event that the representations and warranties of Nu Skin set forth in paragraphs 4(a) and 4(b) above are materially false and incorrect on the date hereof, the liability of Nu Skin to First American, if any, pursuant to Section 5 of this Agreement shall not constitute or be asserted by First American as a defense against claims by Nu Skin for defense or payment under the Policy, nor will such liability of Nu Skin under this Agreement diminish the rights of Nu Skin to defense and recovery under the Policy, provided that First American shall have the right after a final determination (beyond any appeal rights) by a court of competent jurisdiction of the liability of Nu Skin under Section 5 hereof, to set off the amounts determined by such court to be owed by Nu Skin to First American under this Agreement, if any, against the amounts owed to Nu Skin under the Policy, if any, on a dollar for dollar basis.
Policy of Title Insurance. Purchaser’s ability to obtain at the Closing a standard current form of American Land Title Association (ALTA) owner’s policy of title insurance (the “Title Policy”), or an irrevocable commitment to issue the same, with liability in the amount of the Purchase Price issued by Escrow Agent, as agent for Chicago Title Insurance Company (the “Title Company”), insuring that upon Closing fee simple title to the Real Property vests in Purchaser subject only to the Permitted Encumbrances (as defined in Section 4.2.1) and containing any curative endorsements with respect to Title Objections (as defined in Section 5.3.1) made by Purchaser, which Seller elects, in writing, to cure through the issuance of an endorsement, provided that Purchaser, in its sole discretion, has agreed to accept such curative endorsements in satisfaction of Purchaser’s Title Objections for which such curative endorsements are obtained (collectively, the “Curative Endorsements”). At its option, Purchaser may direct the Title Company to issue additional title insurance endorsements (beyond the Curative Endorsements) at Purchaser’s cost, whereupon, if the Title Company issues a written commitment to Purchaser, prior to the expiration of the Investigation Period, committing to deliver such endorsements without further action other than the consummation of the Closing hereunder, and without delivery of any documents other than the documents to be delivered by Seller at Closing pursuant to Section 4.2.1 through 4.2.20, the commitment of the Title Company to issue the Title Policy at Closing with such endorsements shall be a condition to Purchaser’s obligation to close under this Agreement, provided that Purchaser exercises its commercially reasonable efforts to obtain such commitment and pays the cost of the Title Policy and such endorsements. For clarity, if the Title Company requires any other documentation or action to issue endorsements requested by Purchaser, e.g., a so called “zoning letter,” in order to issue a certain endorsement, such endorsement shall not be a condition to Purchaser’s obligation to close under this Agreement and it shall be the obligation of Purchaser to satisfy itself during the Investigation Period as to its ability to obtain such endorsement.
Policy of Title Insurance. Seller must obtain an Owner’s Policy of Title Insurance in the amount of the purchase price, showing title to the Property vested in Buyer, subject only to those exceptions to title approved by Buyer pursuant to Section 3.3.4 hereof (the “Policy of Title Insurance”).
Policy of Title Insurance. At the Closing, the Title Company shall issue in Buyer's favor, at Buyer's cost, an ALTA extended coverage Owner's Policy of Title Insurance (the "Title Policy"), in an amount not less than the Purchase Price, insuring Buyer's title to the Property in fee simple absolute, subject only to the Permitted Exceptions.
Policy of Title Insurance. On the Closing Date, Buyer may elect to purchase an Owner's Fee Policy of Title Insurance, Form B 1970 (Amended) issued by the Title Company in the amount that it wants insuring a good and marketable fee simple absolute title to the Property vested in Buyer, subject only to the Permitted Exceptions under Section 4(a) above (the "Title Policy"). The Title Policy shall affirmatively insure: (i) Buyer's unrestricted right to use any appurtenant easement; (ii) contiguity of any separate parcels comprising the Property (if applicable); and (iii) that the Property has the benefit of non- exclusive direct ingress and egress, both pedestrian and vehicular, to and from a public highway.
Policy of Title Insurance. 6. Income Statements by month for the Hotel for through
Policy of Title Insurance. An insurer of Acquirer's choice shall be prepared to offer a CLTA Policy of Title Insurance on the Facility in the amount of $8,509,090 at Acquirer's expense.
Policy of Title Insurance. At the Close of Escrow, the Title Company shall issue to Buyer its standard CLTA Owners Policy of Title Insurance (the "Title Policy") for the Real Property in the amount of the Purchase Price, showing title to the Real Property vested in Buyer (or Assignee) and subject only to the exceptions listed in Section 7.2(g) below. Buyer shall have the right, conditioned upon its payment of all premiums and other costs incurred beyond a standard CLTA policy of title insurance, to request and obtain an ALTA extended coverage policy of title insurance, along with such endorsements and/or additional coverage as Buyer may desire. Buyer shall have the sole responsibility for obtaining, and bearing the cost of, any survey(s) required by the Title Company.
Policy of Title Insurance. At the “Close of Escrow” (defined below) for the Land, Title Company shall issue to Buyer an CLTA standard coverage owner’s policy of title insurance with coverage in the amount of the Purchase Price, insuring title to the Land as vested in Buyer in the Approved Title Condition (the “Title Policy”).
