Survey and Title Commitment. (a) Not less than five (5) days prior to the Closing Date (as defined in (P)R-5 hereinafter), Partnership shall obtain an updated version of the Title Commitment previously issued to Partnership, dated no earlier than thirty (30) days prior to the Closing Date, in the amount of the Contribution Price, containing no exceptions to title other than exceptions which are set forth on Schedule 1 attached hereto and made a part hereof. The Partnership shall also obtain, not less than five (5) days prior to the Closing Date, a survey updated to a date no earlier than thirty (30) days prior to the Closing Date (or obtain from Contributors an affidavit of no change if there have been no changes since the date of the Survey delivered to Partnership). The Partnership shall pay for the cost of the title commitment and survey at Closing.
(b) If the Title Commitment discloses claims, liens, exceptions, conditions or other items (a "Defect") with respect to a specific parcel of the Real Property (the "Affected Parcel") which are not Permitted Exceptions and which are unacceptable to the Company as inconsistent with the intended use of the Affected Parcel after Closing, the Company shall give the Contributor of the Affected Parcel (the "Affected Contributor") written notice thereof within ten days after receipt of such title commitment. Following the giving of such notice, the removal, cure or insuring over of such a Defect shall be a condition precedent to the Company's obligation to accept a contribution of the Affected Parcel. If the Affected Contributors fail to remove, cure or cause the Title Insurer to insure over the Defect in a manner reasonably satisfactory to the Company within twenty (20) days after delivery of the Company's notice of the Defect to the Affected Contributor, then the Company shall, within five (5) days thereafter, elect by written notice to be received by such Affected Contributor on or before such fifth (5th) day, to
(i) terminate this Agreement with respect to the Affected Parcel, in which case the Affected Parcel shall no longer be part of the Real Property which is to be contributed to the Partnership and the parties shall have no further rights or obligations hereunder with respect to such Affected Parcel except for those rights and obligations which expressly survive any such termination, or
(ii) proceed with the transaction with respect to such Affected Parcel pursuant to the remaining terms and conditions of this Agreement, in which event...
Survey and Title Commitment. (a) BKP has ordered from the Title Company a commitment to insure BKP’s title to the Real Property, in the amount of the Cash Consideration (the “Title Commitment”), together with the best available copies of all documents relating to the title exceptions referred to therein. BKP acknowledges that Contributor has delivered the Survey to BKP. BKP may, at its cost, cause the Survey to be updated or obtain a new survey by the surveyor of its choice (each, an “Updated Survey”), and Contributor shall cooperate in such efforts consistent with its obligations set forth in Section 5.1 above.
Survey and Title Commitment. Assignor shall deliver to Assignee within seven (7) business days from the date hereof, a current ALTA plat of survey of the Property dated no earlier than six months prior to the Contract Date, certified to Assignee and the Title Insurer and meeting the minimum standard detail requirements of ALTA/ACSM adopted in 1992 as well as a commitment for an ALTA Owner's Title Insurance Policy Form B-June, 1987 from the Title Insurer with respect to the Property, dated after the Contract Date. Assignor shall consult with and obtain written approval from Assignee, which approval shall not be unreasonably withheld, of any notice or determination required to be given or made to Contract Seller with regard to objections to title or survey matters under the Sales Contract. Assignee shall approve or disapprove all matters of title and survey within the Review Period. All costs of the survey that exceed those provided for in the Sales Contract shall be paid by Assignor and all costs of the title commitment and policy that exceed those provided for in the Sales Contract shall be paid by Assignee.
Survey and Title Commitment. PERMITTED EXCEPTIONS
Survey and Title Commitment. The Cytec Parties have heretofore delivered to Purchaser (i) a true and correct copy of a land survey prepared by Baskerville-Donovan, Inc. dated December 20, 1996, with respect to txx Xxxxx Xxxx Xxxxxity (the "Survey") and (ii) a true and correct copy of a cxxxxnt owner's ALTA title policy commitment prepared by Lawyer's Title Insurance Corporation dated October [27], 1996 (the "Title Commitment").
Survey and Title Commitment. (a) Seller has obtained and delivered to Buyer a survey of the Cortland Real Estate (the "Survey") dated July 16, 1999, prepared by a registered surveyor licensed in the State of New York. Seller makes no representation or warranty regarding the accuracy or completeness of the Survey or Buyer's reliance on the Survey.
(b) Seller has obtained and delivered to Buyer a commitment for a lender's policy of title insurance dated June 4, 1999 and issued by Cortland Abstract & Title Services, Inc. (the "Title Company") concerning the Cortland Real Estate (the "Commitment"). Seller makes no representation or warranty regarding the accuracy or completeness of the Commitment or Buyer's reliance on the Commitment.
Survey and Title Commitment. Section 4.1. Title and Survey
Survey and Title Commitment. Each of Contributor and the Partnership has ordered a title commitment to insure the Partnership’s title to the Real Property, in the amount of Four Hundred Sixty-Five Million and No/100 Dollars ($465,000,000.00), issued by Xxxxxxx Title Guaranty Company on February 20, 2014 (the “Title Commitment”), together with the best available copies of all documents relating to the title exceptions referred to therein. The Partnership acknowledges that Contributor has delivered the Survey to the Partnership. The Partnership may, at its cost, cause the Survey to be updated or obtain a new survey by the surveyor of its choice (each, an “Updated Survey”), and Contributor shall cooperate in such efforts consistent with its obligations set forth in Section 5.1 above.
Survey and Title Commitment. As soon as reasonably possible after the execution of this Agreement, Seller will provide the Survey (as defined in Section 10.9) and the title insurance commitment (referred to in Section 10.10), at Seller's expense.
Survey and Title Commitment. The Purchaser shall have received from the Sellers (i) a current survey of each parcel of the Real Estate identified on Schedule 4.7 performed by a licensed and reputable surveyor and (ii) a commitment with an effective date within five business days of the Closing Date, in form and substance acceptable to Purchaser and issued by Metro National Title Insurance Company, to issue an Owner's Policy of Title Insurance insuring the Company's title to the Real Estate identified on Schedule 4.7 in a reasonable amount (but in no event less than $6,000,000) and subject only to the liens and encumbrances permitted by Section 4.7.2, and the Sellers shall have borne the cost of such survey and Title Insurance Policy.
