STATUS OF TITLE TO PROPERTY. At Closing, Seller shall convey the Property to Buyer by a recordable “Warranty Deed,” subject to the following (collectively, the “Permitted Exceptions”): (a) rights-of-way, rights, duties, obligations, agreements, limitations, covenants, conditions, easements, restrictions and other matters of record; (b) current real estate taxes not yet due and payable; (c) legal highways and public rights-of-way; (d) all matters that would be disclosed by an accurate survey or inspections of the Property; (e) zoning ordinances and other governmental restrictions affecting the Property; (f) and the matters set forth in Section 6.1. Seller shall pay and provide Buyer an updated Commitment for an Owner’s Policy of Title Insurance from the Title Company in the amount of the Purchase Price (the “Commitment”) on or before the later of 30 days from the Accepted Date, or 20 days after the completion of any Survey required pursuant to Section 4.3. If there is a simultaneous issuance of an ALTA Owner’s Policy and an ALTA Loan Policy, all charges and premiums for them shall be paid equally by the Seller and Buyer.
STATUS OF TITLE TO PROPERTY. At Closing, Seller shall convey the property to Buyer by a recordable “Personal Representative Deed”, subject to the following (collectively, the “Permitted Exceptions”): (a) rights-of-way, rights, duties, obligations, agreements, limitations, covenants, conditions, easements, restrictions and other matters of record;
STATUS OF TITLE TO PROPERTY. Buyer acknowledges that it has been provided with a copy of BN Expansion’s existing owner’s policy of title insurance insuring BN Expansion’s title to the Land (the “Prior Policy”) and a copy of Seller’s prior survey of the Land (the “Prior Survey”). Buyer shall, at Seller’s expense, order a title insurance commitment (the “Commitment”) from a national title insurer reasonably acceptable to Buyer. Buyer will accept subject to only the following (the “Permitted Exceptions”):
STATUS OF TITLE TO PROPERTY. At Closing, Seller shall convey the Property to Buyer by a recordable Trustee’s Deed (the “Deed”), subject to the following (collectively, the “Permitted Exceptions”): (a) rights-of-way, rights, duties, obligations, agreements, limitations, covenants, conditions, easements, restrictions and other matters of record; (b) current real estate taxes not yet due and payable; (c) legal highways and public rights-of-way; (d) all matters that would be disclosed by an accurate survey or inspection of the Property; (e) zoning ordinances and other governmental restrictions affecting the Property; (f) and the matters set forth in Section 6.1. Seller shall provide to Buyer an updated Commitment for an Owner’s Policy of Title Insurance from the Title Company in the amount of the Purchase Price (the “Commitment”) on or before the later of thirty (30) days from the Effective Date, or twenty (20) days after the completion of any Survey required pursuant to Section 4.3.
STATUS OF TITLE TO PROPERTY. At Closing, Seller shall convey the property to Buyer by a recordable “ Warranty Deed or by Personal Representatives Deed”, subject to the following (collectively, the “Permitted Exceptions”): (a) rights-of-way, rights, duties, obligations, agreements, limitations, covenants, conditions, easements, restrictions and other matters of record; (b) current real estate taxes not yet due and payable; (c) legal highways and public rights-of-way; (d) all matters that would be disclosed by an accurate survey or inspections of the Property; (e) zoning ordinances and other governmental restrictions affecting the Property; (f) and the matters set forth in Section
STATUS OF TITLE TO PROPERTY. Buyer acknowledges that it has been provided with a copy of Atlas II’s existing owner’s policy of title insurance insuring Atlas II’s title to the Land (the “Prior Policy”) and a copy of Seller’s prior surveys of the Land, the Atlas II Land and the Atlas III Land (the “Prior Surveys”). Buyer shall, at Seller’s expense, order title insurance commitments (the “Commitment”) from a national title insurer reasonably acceptable to Buyer with respect to the Atlas II Land and the Atlas III Land. Buyer will accept subject to only the following (the “Permitted Exceptions”):
STATUS OF TITLE TO PROPERTY. (a) State of Title. At Closing, Seller shall convey to Purchaser, or Purchaser’s permitted designee or assignee, the entire fee simple estate in and to the Premises by a recordable special warranty deed, subject only to: (i) those covenants, conditions and restrictions and other exceptions to title to the Property which are not disclosed by Purchaser to Seller as Unacceptable Title Matters pursuant to Paragraph 4(d) below (or implicitly approved by Purchaser not objecting to any such Unacceptable Title Matters during the Title Review Period [as defined in Paragraph 4(d) below] for the Property), (ii) the lien of general real estate taxes for the current year and subsequent years which are not yet due or payable, and (iii) the rights of the Tenant to occupy the Premises pursuant to the Lease (the above enumerated exceptions collectively referred to as the “Permitted Exceptions”).
STATUS OF TITLE TO PROPERTY. 4 HIMS lawfully possesses and will hold fee simple title in and to the Property until the transfer to Adamis, and the Mortgage is and will continue to be a first and prior lien on the Property.
STATUS OF TITLE TO PROPERTY. A. STATE OF TITLE. At the Closing, each Seller shall convey to Purchaser title to such Seller's Property free and clear of all liens, encumbrances and claims to the extent provided in Section 1(A) above by a recordable and insurable special warranty deed or an equivalent deed, subject only to: (i) those covenants, conditions and restrictions of record which are reviewed and approved by Purchaser pursuant to Section 4(C) below, (ii) rights of tenants under the Leases affecting such Property, as tenants only, (iii) the lien of general real estate taxes for the year in which the Closing occurs and subsequent years, not yet due or payable, and (iv) the Assumed Underlying Mortgages affecting such Property (the above enumerated exceptions being hereinafter collectively referred to as the "Permitted Exceptions"). At the Closing, each applicable Seller shall assign and convey to Purchaser the Z and R Bond Partnership Interests.
STATUS OF TITLE TO PROPERTY. Compliance. From the date hereof through the Closing (or any earlier expiration or termination of the Option as contemplated in Section 3), Xxxxx agrees not to grant or permit any Encumbrances (other than Permitted Encumbrances) against or on the Broad Street Property, not to transfer or convey (whether voluntarily or involuntarily) Xxxxx'x fee simple interest (or any portion thereof) in the Broad Street Property, and not to grant or create any leasehold interest or other similar interest in or regarding the Broad Street Property, in any case without the prior written consent of Xxxxxxxx. Furthermore, Xxxxx agrees to comply with each and every covenant and restriction of record and affecting the Broad Street Property.
