Common use of Preliminary Title Reports Clause in Contracts

Preliminary Title Reports. As promptly as practicable after the execution of this Agreement, Diablo shall, at its sole cost and expense, deliver or cause to be delivered to ATS a standard preliminary title report dated on or after the date of this Agreement issued by such title company as Diablo and ATS shall mutually reasonably agree (the "Title Company") with respect to those Diablo Assets comprised of the parcels of real property described in Section 5.7 of the Diablo Disclosure Schedule (the "Insured Real Property"). Such reports, as same may be amended or supplemented from time to time to reflect additional title matters, are referred to herein as the "Title Reports". The rights and obligations of the parties shall thereafter be as follows:

Appears in 4 contracts

Samples: Asset Purchase Agreement (American Radio Systems Corp /Ma/), Asset Purchase Agreement (American Tower Systems Corp), Asset Purchase Agreement (American Tower Systems Corp)

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