Preliminary Commitment. Buyer shall order a preliminary commitment for an owner’s standard coverage policy of title insurance in the amount of the Purchase Price to be issued by Title Company and accompanied by copies of all documents referred to in the commitment (the “Preliminary Commitment”). Buyer shall advise Seller by written notice what exceptions to title, if any, are objected to by Buyer (“Objections”) within ten (10) days following the Effective Date or following the receipt of the Preliminary Commitment, whichever date is later, but in no event later than the Closing Date. If Buyer fails to give notice before the expiration of the ten (10) day period, or by the Closing Date, whichever is earlier, Buyer will be deemed to have approved the title exceptions identified in the Preliminary Commitment and all such exceptions shall be Permitted Exceptions. No later than seven (7) days after receipt of Xxxxx’s notice, Seller may give Buyer notice that (i) Seller will remove Objections or (ii) Seller elects not to remove Objections. If Seller fails to give Buyer such notice, Seller will be deemed to have given Buyer notice as of the seventh (7th) day after receipt of Buyer’s notice, or the Closing Date, whichever is earlier, that Seller elected not to remove any of the Objections. Notwithstanding the foregoing, Seller will be required to remove any monetary liens, monetary assessments or monetary encumbrances affecting the Property prior to or as of the Closing Date. Immediately upon discovering the need to amend or add any exception to the Title Commitment, Escrow Agent shall notify Buyer and Seller. Within ten (10) business days after notice from Escrow Agent together with a copy of such intervening lien or matter, but in no event later than the Closing Date, Buyer shall notify Seller in writing of any objections thereto (the “Amendment Objections”). No later than seven (7) days after receipt of Xxxxx’s notice, Seller may give Buyer notice that (i) Seller will remove Amendment Objections or (ii) Seller elects not to remove Amendment Objections. If Seller fails to give Buyer such notice, Seller will be deemed to have given Buyer notice as of the seventh (7th) day after receipt of Buyer’s notice, or the Closing Date, whichever is earlier, that Seller elected not to remove any of the Amendment Objections.
Preliminary Commitment. Within twenty (20) days from the Effective Date, the Port, at its sole cost, shall provide the City with a preliminary commitment for an ALTA owner’s standard coverage policy of title insurance covering the Property (the “Preliminary Commitment”), issued by the Chicago Title Insurance Company (the “Title Company”), together with complete legible copies of all documents referenced in the Preliminary Commitment. The initial Preliminary Commitment shall be issued to include both the Property and the Rail Corridor. At the City’s request, such commitment and the title policies to be issued shall be bifurcated upon determination of the metes and bounds of the Ancillary Property as provided in Section 4.4 below.
Preliminary Commitment. Within ten (10) days from the Effective Date, the Port, at its sole cost, shall provide the County with a preliminary commitment for an ALTA owner’s standard coverage policy of title insurance covering the Property (the “Preliminary Commitment”), issued by Chicago Title Insurance Company (the “Title Company”), together with complete legible copies of all documents referenced in the Preliminary Commitment.
Preliminary Commitment. Within seven (7) days following the Effective Date, Donor shall cause a preliminary title report, issued by Escrow Company, to be delivered to Donee showing the status of title to the Donated Property, together with complete and legible copies of all documents evidencing the exceptions to title shown therein, as well as such other items as may be reasonably requested by Xxxxx (collectively, the “Preliminary Commitment”).
Preliminary Commitment. Upon the parties’ agreement as to the legal description of the land to be conveyed and upon completion of any boundary line adjustment or other process necessary to create/confirm the Land as a separate legal parcel, the City shall order a preliminary commitment (“the Preliminary Commitment”) for an ALTA extended owner’s coverage policy of title insurance in the amount of $ from Land Title Company (“the Title Company”). The City shall instruct the Title Company to deliver a copy of the Preliminary Commitment and all title related documents referred to in the Preliminary Commitment to Western. In the event that Land Title Company is unable or unwilling to provide an extended owner’s coverage policy of title insurance for the Land, Western may use a different title insurance company to do so and Western shall pay any cancellation fee charged by Land Title, if any.
Preliminary Commitment. (a) Within fifteen (15) days from the Effective Date, Seller shall cause the Title Company to furnish City a current title commitment for standard coverage title insurance regarding the Property (the “Commitment”), together with copies of all exceptions of record referenced in the Commitment. On or before the date which is the forty-fifth (45th) day after the Effective Date, City may deliver to Seller City’s written notice identifying any matters, conditions and exceptions reflected in the Commitment and the Survey, if any, which are not acceptable to City (the “Objected Exceptions”). If any update of the Commitment shows any new or additional exception not previously reflected in the Commitment or any update thereof, City may, on or before the date for City’s objection notice set forth in above, or, if later, the day that is the third (3rd) day after City’s receipt of any update of the Commitment first disclosing such new or additional exception (but not in any event later than the closing), deliver to Seller City’s notice objecting to such new or additional exception. All matters, conditions and exceptions reflected in the Commitment and the Survey which are not Objected Exceptions will be deemed permitted exceptions (the “Permitted Exceptions”) including all exceptions for which City does not deliver a timely notice designating such matters, conditions and exceptions as Objected Exceptions.
Preliminary Commitment. If the Buyer wishes to purchase any vehicle from the Portal Program, the Buyer must notify the Agent in writing (hereinafter the “Preliminary Commitment”) of the Buyer’s intention to purchase such vehicle (hereinafter the “Prospective Vehicle”) as soon as possible. Each party understands and acknowledges the Preliminary Commitment is an expression of the Buyer’s intention to proceed and does not constitute a binding agreement to purchase the Prospective Vehicle.
Preliminary Commitment. The Port, at its sole cost, provided the City with a preliminary commitment for an ALTA owner’s standard coverage policy of title insurance covering the Property (the “Preliminary Commitment”), issued by the Chicago Title Insurance Company (the “Title Company”), together with complete legible copies of all documents referenced in the Preliminary Commitment. The initial Preliminary Commitment issued included the Ancillary Property.
Preliminary Commitment. (a) Buyer has obtained (i) a preliminary commitment for an ALTA Owner's Standard Coverage Policy of title insurance issued by Pacific Northwest Title Insurance Company, Silverdale, Washington (“Title Company”), dated February 25, 2019, Order No. 32168435 pertaining to the Property (“Title Commitment”) committing to insure Buyer’s interest in the Property, together with legible copies of all exception documents described therein (collectively, as supplemented, the “Title Commitments”).
