Preliminary Commitment. To the extent Seller has the following in its possession or reasonably available to it, Seller shall, within ten (10) days after the Effective Date, furnish at its sole cost and expense, the following to Buyer: (a) any existing title policies insuring the Real Property and (b) any existing survey of the Real Property in Seller’s possession (“Seller’s Title Work”); at the time of mutual execution of this Agreement, Seller has not located a copy of any title policy or survey. Seller ordered a preliminary commitment for an owner’s extended coverage policy of title insurance on October 17, 2012 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 (collectively, the “Preliminary Commitment”). Within twenty (20) days of execution of this Agreement, Buyer may obtain a current, ALTA/ACSM as-built survey of the Real Property prepared by a registered land surveyor in form acceptable to Buyer (the “Survey”; the Preliminary Commitment and Survey, if any, are collectively, the “Title Evidence”); Purchaser shall provide to Seller a copy of the Survey upon request and receipt. Purchaser shall advise Seller by written notice what exceptions to title, if any, are disapproved by Purchaser (“Disapproved Exceptions”) within ten (10) days of receipt of the Title Evidence. If Purchaser fails to give Seller written notice within such ten (10) day period, Purchaser will be deemed to have approved the exceptions to title shown on the Preliminary Commitment; provided, however, that mechanics’ or materialman’s’ liens and monetary encumbrances (other than non-delinquent ad valorem property taxes) will be deemed to be disapproved whether or not Purchaser gives any notice. Seller will have two (2) business days after receipt of Purchaser’s notice to give Purchaser notice that (i) Seller will remove Disapproved Exceptions or (ii) Seller elects not to remove Disapproved Exceptions. If Seller fails to give Purchaser notice before the expiration of the two (2) business day period, Seller will be deemed to have elected not to remove Disapproved Exceptions. Notwithstanding anything to the contrary in this Agreement, Seller shall remove from title on or before the Closing Date all liens and other monetary encumbrances other than those approved by Purchaser.
5.2.1. If Seller elects not to remove any nonmonetary Disapproved Exceptions, Purchaser will have until the earlier of two (2) business days after Seller...
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. 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. 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. 8 1.99 Quarter .............................................................8
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”).
(b) In this Purchase Agreement, the term “Permitted Exceptions” means (i) the lien for real property taxes and assessments due after Closing, (ii) Exceptions [1-11] inclusive disclosed in the Title Commitment and any Intervening Exceptions approved by Buyer, (iii) matters that a thorough physical inspection and accurate ALTA/NSPS land title survey would disclose, (v) unrecorded leases and other agreements disclosed to Buyer as part of the Seller’s Documents as described in Section 6.1 (vi) the agreements of Buyer under Section 6.7 (liability for claims based on access to the Property), Section 11 (real estate commission), Section 13.16 (attorneys’ fees and costs), and Section 13.21 (Seller’s disclaimer) of this Purchase Agreement, which shall bind Buyer’s successors and assigns.
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
1. It is the Buyers responsibility to request additional information/inspection about a specific motor vehicle. Further details may or may not be available. There is no guarantee as to how quickly inspections can occur as proximity and dealer availability can cause unforeseen delays.
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. Within fifteen (15) days after the date hereof, Buyer shall specify to Seller and to Title Company any exception set forth in the Commitment which Buyer contends is not a Permitted Encumbrance. Any exception not so specified shall be deemed approved by Buyer.
