Common use of Pro Forma Title Policies Clause in Contracts

Pro Forma Title Policies. To facilitate Closing, the Parties shall direct the Title Company to prepare and deliver to Sellers and Buyer, at least five Business Days before the Closing Date, a pro forma of the Title Policies for each Hotel, reflecting the substantive form in which the Title Company then anticipates issuing such policy as of Closing.

Pro Forma Title Policies. To facilitate Closing, the Parties shall direct the Title Company (i) to prepare and deliver to Sellers each of Seller and Buyer, at least five Business Days before the Last Closing Date, a pro forma of the Title Policies for each HotelPolicy, reflecting the substantive form in which the Title Company then anticipates issuing such policy as of Closing, and (ii), in the case of a non-Escrow Closing, to have a duly authorized title officer present at the Place of Closing on the scheduled Closing Date.