Real Property Title Matters Clause Samples

Real Property Title Matters. Buyer has conducted such title examination of the Real Property that it deems appropriate and acknowledges that Seller makes no warranty of title to the Real Property other than those representations and warranties set forth in Sections 5.2(f), 5.2(h), 5.2(i) and 5.2(j) hereto, and is selling only such interest or interests, if any, as it may own in the Real Property.

Real Property Title Matters. The Partnership shall have received an Owner’s Title Policy with respect to each parcel of the Real Property issued to the Partnership covering the Real Property in the amount of the full insurable value of such parcel of the Real Property, and which contains such endorsements as are customary in the counties where such parcel of the Real Property is located and no exceptions other than the Permitted Encumbrances, and which is reasonably satisfactory to Purchaser in all respects.

Real Property Title Matters. Buyer shall have the right, at Buyer’s sole discretion, to obtain the following, and shall notify Seller upon receipt of such items and of any issues, problems or delays that arise in respect thereof, and Seller shall reasonably cooperate with Buyer so that Buyer may obtain such items, for the benefit of Buyer. (a) All documents reasonably required (including estoppel certificates, owner’s affidavits, indemnities and gap undertakings in reasonable and customary form) for final commitments (“Title Commitments”) for an ALTA Owners Policy of Title Insurance, at the cost of Buyer, for each parcel of Leased Real Property, issued by a title insurer designated by Buyer (the “Title Insurer”), in such amounts as Buyer reasonably determines to be the fair market value thereof, insuring Buyer’s (or its designee’s) interest in such parcel, subject only to the Permitted Liens, and with such other endorsements and other terms and conditions as Buyer may reasonably request, including the removal of any survey exceptions therefrom. Without limiting Seller’s duty and obligation to cooperate with Buyer under this Section 6.17, Seller shall execute and deliver any reasonable and customary title affidavit and lien waiver that shall be required by the Title Company. Buyer shall have a period of thirty (30) days after the last to be received of the surveys described in Section 6.17(b) and the Title Commitments, for examination of such title and the making of objections thereto (other than with respect to Permitted Liens). Any and all such objections must be given to Seller in writing and must be accompanied with copies of the Title Commitment(s) and survey(s). If any objections to title are made (other than in respect of Permitted Liens), Seller shall be allowed up to thirty (30) additional days to cure any such objections or have the Title Insurer insure over such objections, and, if necessary, the Closing Date shall be extended by such cure period (up to 30 days). In the event that within such additional thirty (30) day period, Seller shall notify Buyer in writing that Seller has elected not to cure any material defect matter of title to which Buyer has objected and, if applicable, the Title Insurer is unwilling to insure over such defect, Buyer shall have the option of (i) terminating this Agreement by written notice to Seller within ten (10) Business Days of Buyer’s receipt of such election not to cure, or (ii) Closing as provided hereunder. Notwithstanding any provision he...

Real Property Title Matters. (a) Purchaser shall have received an A.L.T.A. extended Owner’s Title Policy with respect to each parcel of the Real Property issued to Purchaser covering the Real Property in the amount of the full insurable value of such parcel of the Real Property, and which contains such endorsements as are customary in the counties where such parcel of the Real Property is located and no exceptions other than the Permitted Encumbrances, and which is reasonably satisfactory to Purchaser in all respects. (b) Shareholder shall have delivered full and complete releases in recordable form of all liens on the Real Property, and Shareholder shall have complied with all of the requirements set forth in Schedule B, Section 1 of the Title Commitment which are identified to be complied with by Shareholder or the Company and shall have removed all of the exceptions set forth in Schedule B, Section 2 of the Title Commitment which are identified as to be removed by Shareholder.

Real Property Title Matters. Buyer has conducted such title examination of the YCMC Real Property and the CX Real Property that it deems appropriate and acknowledges that no Seller makes any warranty of title to the YCMC Real Property or the CX Real Property other than those representations and warranties set forth in Sections 5.3(n), 5.3(o), 5.3(p), 5.4(n), 5.4(o), 5.4(p), 5.5(g), 5.5(i), 5.5(j) and 5.5(k) hereto, and is selling only such interest or interests, if any, as it may own in YCMC or the CX Real Property as the case may be.