Common use of Real Estate Title Commitment Clause in Contracts

Real Estate Title Commitment. Within 45 days after the date of this Agreement, Buyer, at its sole cost and expense, shall have obtained a preliminary report on title to the Owned Real Property (other than the Excluded Real Property) covering a date subsequent to the date of this Agreement, issued by the Title Company, which preliminary report shall contain a commitment (the "Title Commitment") of the Title Company to issue an owner's title insurance policy at Buyer's cost as Buyer may reasonably require (the "Title Policy") insuring the fee simple absolute interest of Buyer in such Owned Real Property on and after the Closing Date. The Title Commitment shall be subject only to the standard printed exceptions and: (i) liens of current state and local property taxes which are not delinquent or subject to penalty; (ii) unviolated zoning regulations and restrictive covenants and easements of record which do not detract from the value of such Owned Real Property and do not materially and adversely affect, impair or interfere with the use of any property affected thereby as heretofore used by Seller or the Stations; (iii) public utility easements of record, in customary form, to serve such Owned Real Property; and (iv)

Real Estate Title Commitment. Within 45 60 days after the date of this Agreement, BuyerSeller, at its sole cost and expense, shall have obtained a preliminary report on title to the Owned Real Property (other than the Excluded Real Property) covering a date subsequent to the date of this Agreement, issued by the Title Company, which preliminary report shall contain a commitment (the "Title Commitment") of the Title Company to issue an owner's title insurance policy at BuyerSeller's cost as Buyer may reasonably require (the "Title Policy") insuring the fee simple absolute interest of Buyer Seller in such the Owned Real Property on and after the Closing DateProperty. The Title Commitment shall be in such amount as Buyer may reasonably determine to be the fair market value of the Owned Real Property (including all improvements located thereon) and shall be subject only to the standard printed exceptions and: : (i) liens of current state and local property taxes which are not delinquent or subject to penalty; (ii) unviolated zoning regulations and restrictive covenants and easements of record which do not detract from the value of such the Owned Real Property and do not materially and adversely affect, impair or interfere with the use of any property affected thereby as heretofore used by Seller or the Stations; (iiiStations;(iii) public utility easements of record, in customary form, to serve such the Owned Real Property; and (iv)

Real Estate Title Commitment. Within 45 30 days after the date of this Agreement, Buyer, at its sole cost and expense, shall have obtained a preliminary report on title to the Owned Real Property (other than the Excluded Real Property) covering a date subsequent to the date of this Agreement, issued by the Title Company, which preliminary report shall contain a commitment (the "Title Commitment") of the Title Company to issue an owner's title insurance policy at BuyerSeller's cost as Buyer may reasonably require (the "Title Policy") insuring the fee simple absolute interest of Buyer Seller in such the Owned Real Property on and after the Closing DateProperty. The Title Commitment shall be in the amount set forth in Schedule 8.2(e) shall be subject only to the standard printed exceptions and: (i) liens of current state and local property taxes which are not delinquent or subject to penalty; (ii) unviolated zoning regulations and restrictive covenants and easements of record which do not detract from the value of such the Owned Real Property and do not materially and adversely affect, impair or interfere with the use of any property affected thereby as heretofore used by Seller or the Stations; (iii) public utility easements of record, in customary form, to serve such the Owned Real Property; and (iv)) Permitted Encumbrances. Such title policy shall be issued on the Closing Date.