Common use of Survey and Title Insurance Clause in Contracts

Survey and Title Insurance. The Lessee shall have delivered to the Lessor an ALTA/1992 (Urban) Survey of the Property (other than the Equipment located therein) prepared by a licensed surveyor and meeting the Minimum Standard Detail Requirements for ALTA/ACSM Land Title Surveys as adopted by the American Land Title Association/American Society and American Congress on Surveying and Mapping in 1992 certified to the Lessor and the title company and otherwise in form reasonably acceptable to the Lessor and an ALTA owner's insurance policy covering the Property (other than any Equipment) in favor of the Lessor, and, at the option of Lessee, a leasehold policy in favor of the Lessee evidencing the Lessee's equitable ownership in the Property, each such policy to be dated as of the Acquisition Date and in an amount not less than the Property Cost and to be reasonably satisfactory to the Lessor with, to the extent available, comprehensive, zoning and mechanics liens' endorsements and such other endorsements reasonably requested by the Lessor.

Appears in 4 contracts

Samples: Lease (Brookdale Living Communities Inc), Lease Agreement (Brookdale Living Communities Inc), Lease (Brookdale Living Communities Inc)

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Survey and Title Insurance. The Lessee shall have delivered to -------------------------- the Lessor an ALTA/1992 (Urban) Survey of the Property (other than the Equipment located therein) prepared by a licensed surveyor and meeting the Minimum Standard Detail Requirements for ALTA/ACSM Land Title Surveys as adopted by the American Land Title Association/American Society and American Congress on Surveying and Mapping in 1992 certified to the Lessor and the title company and otherwise in form reasonably acceptable to the Lessor and an ALTA owner's insurance policy covering the Property (other than any Equipment) in favor of the Lessor, and, at the option of Lessee, a leasehold policy in favor of the Lessee evidencing the Lessee's equitable ownership in the Property, each such policy to be dated as of the Acquisition Date and in an amount not less than the Property Cost and to be reasonably satisfactory to the Lessor with, to the extent available, with comprehensive, zoning and mechanics liens' endorsements and such other endorsements reasonably requested by the Lessor.

Appears in 2 contracts

Samples: Lease (Brookdale Living Communities Inc), Lease (Brookdale Living Communities Inc)

Survey and Title Insurance. The Lessee shall have delivered to the Lessor an ALTA/1992 (Urban) Survey of the Property (other than the Equipment located thereinEquipment) prepared by a licensed surveyor and meeting the Minimum Standard Detail Requirements for ALTA/ACSM Land Title Surveys as adopted by the American Land Title Association/American Society and American Congress on Surveying and Mapping in 1992 certified to the Lessor and the title company and otherwise in form reasonably acceptable to the Lessor and an ALTA ownerowners and lender's title insurance policy covering the Property (other than any the Equipment) in favor of the Lessor, and, at the option of Lessee, and a leasehold policy in favor of the Lessee evidencing the Lessee's equitable ownership in the Property, each such policy to be dated as of the Acquisition Closing Date and in an amount not less than the Property Cost Commitment of the Lessor and to be reasonably satisfactory to the Lessor with, to the extent available, with comprehensive, zoning and mechanics liens' endorsements and such other endorsements reasonably requested by the Lessor.

Appears in 1 contract

Samples: Lease and Security Agreement (Alternative Living Services Inc)

Survey and Title Insurance. The Lessee shall have delivered to the Lessor an ALTA/1992 ALTA/1997 (Urban) Survey of the Property (other than the Equipment located therein) prepared by a licensed surveyor and meeting the Minimum Standard Detail Requirements for ALTA/ACSM Land Title Surveys as adopted by the American Land Title Association/American Society and American Congress on Surveying and Mapping in 1992 1997 certified to the Lessor and the title company and otherwise in form reasonably acceptable to the Lessor and an ALTA owner's title insurance policy covering the Property (other than any Equipment) in favor of the Lessor, and, at the option of Lessee, a leasehold an owner's title insurance policy in favor of the Lessee evidencing the Lessee's equitable ownership in the Property, each such policy to be dated as of the Acquisition Date and in an amount not less than the Property Cost and to be reasonably satisfactory to the Lessor with, to the extent available, comprehensive, zoning and mechanics liens' endorsements and such other endorsements reasonably requested by the Lessor.

Appears in 1 contract

Samples: Lease (Brookdale Living Communities Inc)

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Survey and Title Insurance. The Lessee shall have delivered to -------------------------- the Lessor an ALTA/1992 (Urban) Survey of the Property (other than the Equipment located therein) prepared by a licensed surveyor and meeting the Minimum Standard Detail Requirements for ALTA/ACSM Land Title Surveys as adopted by the American Land Title Association/American Society and American Congress on Surveying and Mapping in 1992 certified to the Lessor and the title company and otherwise in form reasonably acceptable to the Lessor and an ALTA owner's insurance policy covering the Property (other than any Equipment) in favor of the Lessor, and, at the an option of Lessee, a leasehold policy in favor of the Lessee evidencing the Lessee's equitable ownership in the Property, each such policy to be dated as of the Acquisition Date and in an amount not less than the Property Cost and to be reasonably satisfactory to the Lessor with, to the extent available, with comprehensive, zoning and mechanics liens' endorsements and such other endorsements reasonably requested by the Lessor.

Appears in 1 contract

Samples: Lease (Brookdale Living Communities Inc)

Survey and Title Insurance. The Lessee shall have delivered to the Lessor an ALTA/1992 (Urban) Survey of the Property (other than the Equipment located therein) prepared by a licensed surveyor and meeting the Minimum Standard Detail Requirements for ALTA/ACSM Land Title Surveys as adopted by the American Land Title Association/American Society and American Congress on Surveying and Mapping in 1992 certified to the Lessor and the title company and otherwise in form reasonably acceptable to the Lessor and an ALTA leasehold owner's title insurance policy covering the Property (other than any Equipment) in favor of the Lessor, and, at the option of Lessee, a leasehold owner's title insurance policy in favor of the Lessee evidencing the Lessee's equitable ownership in the Property, each such policy to be dated as of the Acquisition Date and in an amount not less than the Property Cost and to be reasonably satisfactory to the Lessor with, to the extent available, comprehensive, zoning and mechanics liens' endorsements and such other endorsements reasonably requested by the Lessor.

Appears in 1 contract

Samples: Lease Agreement (Brookdale Living Communities Inc)

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