Common use of Title Affidavits Clause in Contracts

Title Affidavits. Affidavits and indemnities from each Transferor Member in the form of Exhibits VII and VIII, respectively, as required by the Title Insurer in order to issue the non-imputation endorsement and to omit from its title insurance policy all exceptions for (i) judgments, bankruptcies or other returns against persons or entities whose names are the same as or similar to the Transferor Company's name; (ii) parties in possession other than under the rights to possession granted under the Leases; and (iii) mechanics' liens.