Title Commitment and Policy. Within ten (10) days of the date hereof and, in any event, at least twenty (20) days prior to the Closing Date, Seller shall order and obtain, and deliver to Purchaser, at Seller’s expense, a current commitment for extended coverage title insurance in the amount of the Purchase Price, together with legible copies of all documents listed as exceptions therein, and a current certificate of taxes due with respect to the Property, from a title company selected by Seller, and reasonably acceptable to Purchaser, authorized to issue title insurance in the state of Colorado (the “Title Company”), on the current standard form of extended ALTA Owners Policy (collectively, the “Title Commitment”). The Title Company shall promptly provide copies of any amendments or modifications of the Title Commitment to Purchaser. Purchaser shall have the right to review the Title Commitment, the title documents and the survey and notify Seller in writing of any title objections to the title exceptions set forth in the Title Commitment and any objections to items shown on the survey. Seller shall have five (5) days from receipt of notice of such objections within which to eliminate or modify (or agree in writing to so eliminate or modify) any such unacceptable exceptions or items to the reasonable satisfaction of Purchaser, but Seller shall have no obligation whatsoever to so eliminate or modify any such unacceptable exceptions or items. In the event that Seller is unable or unwilling to eliminate or modify (or agree in writing to so eliminate or modify) such unacceptable items to the reasonable satisfaction of Purchaser on or before the expiration of said five (5) day period, Seller shall notify Purchaser in writing of such fact within said five (5) day period or be deemed to have so notified Purchaser with respect to all such unacceptable items not theretofore cured upon the fifth (5th) day of said period. In such event, Purchaser shall, prior to the Closing Date either (i) waive such objections and accept title to the Property subject to title exceptions set forth in the Title Commitment and items shown on the survey to which Purchaser did not object and to such unacceptable items (the “Permitted Exceptions”), or (ii) terminate this Agreement by written notice to Seller, whereupon this Agreement shall automatically be terminated and of no further force and effect, except as otherwise expressly set forth herein. At Closing or as soon as reasonably practicable after Closing, the T...
Title Commitment and Policy. Prior to the Closing Date (as defined in Paragraph 5 below) Seller shall order and obtain, at Seller’s expense, a current commitment for extended coverage title insurance in the amount of One Hundred Twenty-Five Thousand Dollars ($125,000.00), together with legible copies of all documents listed as exceptions therein, and a current certificate of taxes due with respect to the Property, from a title company selected by Seller authorized to issue title insurance in the state of Colorado (the “Title Company”), on the current standard form of extended ALTA Title Policy (collectively, the “Title Commitment”). The Title Company shall promptly provide copies of any amendments or modifications of the Title Commitment to Buyer. At Closing or as soon as reasonably practicable after Closing, the Title Company shall issue and deliver to Buyer a title insurance policy referred to above (the “Title Policy”), issued by the Title Company insuring Buyer’s title to the Property, consistent with the Title Commitment, providing “gap” coverage, deleting the standard exceptions, endorsing over arbitration exceptions (to the extent the Title Company will so agree), if necessary, and subject only to taxes and assessments for the year of Closing and subsequent years, and the other matters approved by Buyer in accordance with subparagraph (b) below and any encumbrances upon the Property caused by Buyer (the “Permitted Exceptions”). At Closing, Seller shall pay the premium for the Title Policy. Buyer may obtain such other endorsements to the Title Policy as Buyer desires, at the expense of Buyer, except for endorsements obtained at Seller’s cost, as provided in subparagraph (b) below. Seller shall provide such affidavits or certificates as may be required by the Title Company to remove all liens, including, without limitation, mechanics’ or materialmen’s liens, as exceptions to the Title Policy.
Title Commitment and Policy. Prior to the Closing Date (as defined in Paragraph 5 below) Seller shall order and obtain, at Seller’s expense, a current commitment for extended coverage title insurance in the amount of the Purchase Price, together with legible copies of all documents listed as exceptions therein, and a current certificate of taxes due with respect to the Property, from a title company selected by Buyer and reasonably acceptable to Seller authorized to issue title insurance in the State of Colorado (the “Title Company”), on the current standard form of extended ALTA Owners Policy (collectively, the “Title Commitment”). The Title Company shall promptly provide copies of any amendments or modifications of the Title Commitment to Buyer and Seller. At Closing or as soon as reasonably practicable after Closing, the Title Company shall issue and deliver to Buyer the owner’s title insurance policy referred to above (the “Title Policy”), issued by the Title Company insuring Buyer’s title to the Property consistent with the Title Commitment, providing “gap” coverage, deleting the standard exceptions, endorsing over arbitration exceptions (to the extent the Title Company will so agree), if necessary, and subject only to taxes and assessments for the year of Closing and subsequent years, and the other matters approved by Buyer in accordance with subparagraph
Title Commitment and Policy. Prior to the Closing Date (as defined in Paragraph 7 below) City shall order and obtain, at City’s expense, a current commitment for extended coverage title insurance in the amount of $50,000.00, together with legible copies of all documents listed as exceptions therein, and a current certificate of taxes due with respect to the Property, from a title company selected by City and reasonably acceptable to NeighborWorks authorized to issue title insurance in the State of Colorado (the “Title Company”), on the current standard form of extended ALTA Owners Policy (collectively, the “Title Commitment”). The Title Company shall promptly provide copies of any amendments or modifications of the Title Commitment to City and NeighborWorks. At Closing or as soon as reasonably practicable after Closing, the Title Company shall issue and deliver to City the owner’s title insurance policy referred to above (the “Title Policy”), issued by the Title Company insuring City’s title to the Property consistent with the Title Commitment and subject only to taxes and assessments for the year of Closing and subsequent years. At Closing, City shall pay the premium for the Title Policy. City may obtain such other endorsements to the Title Policy as City desires, at the expense of City. NeighborWorks shall cooperate and provide such affidavits or certificates as may be reasonably required by the Title Company to remove all liens, including, without limitation, mechanics’ or materialmen’s liens, as exceptions to the Title Policy.
Title Commitment and Policy. Seller, at Seller's sole cost and expense, shall provide Purchaser, at least ten (10) days prior to Closing with a title commitment ("Title Commitment") for an Owner's Title Insurance Policy ("Title Policy") in a current ALTA form issued by an insurer licensed to write title insurance in Wisconsin, covering the Property in the amount of the Purchase Price showing merchantable record title to the Property to be in Seller, with all General Exceptions deleted or endorsed over (including without limitation possession, mechanics’ liens and taxes or special assessments not shown as existing by the public records exceptions), subject only to the Permitted Exceptions and other matters approved or waived in writing by the Purchaser, such Title Commitment to include a “gap” endorsement. At Closing, Seller shall cause the Title Insurer to issue the Title Policy to Purchaser (in accordance with the Title Commitment provided for in this Section 6.1). Purchaser shall be responsible for, at Purchaser’s sole cost and expense, to provide any title evidence required by Purchaser’s lender.
Title Commitment and Policy. The City at the City's sole cost and expense, shall have seven (7) days from the date of the Due Diligence Expiration Date herein to provide the Redeveloper with a title commitment ("Title Commitment") for an ALTA 2006 Owner's Title Insurance Policy ("Title Policy"), issued by Chicago Title Insurance Company ("Title Insurer"), covering the Project Site in the amount of the Purchase Price showing merchantable record title to the Project Site to be in the City. At Closing, the City shall cause the Title Insurer to issue the Title Policy (or evidence that the Title Insurer will issue the Title Policy) to the Redeveloper with extended coverage effective as of the Closing Date but otherwise in accordance with the Title Commitment provided for in this Section 1.4. To the extent that an ALTA Survey is needed to obtain the extended coverage required under the preceding sentence, such ALTA Survey shall be obtained by the Redeveloper at its sole cost.
Title Commitment and Policy. Prior to the Closing Date (as defined in Paragraph 5 below) Seller shall order and obtain, at Seller’s expense, a current commitment for extended coverage title insurance in the amount of $50,000.00, together with legible copies of all documents listed as exceptions therein, and a current certificate of taxes due with respect to the Property, from a title company selected by Buyer and reasonably acceptable to Seller authorized to issue title insurance in the State of Colorado (the “Title Company”), on the current standard form of extended ALTA Owners Policy (collectively, the “Title Commitment”). The Title Company shall promptly provide copies of any amendments or modifications of the Title Commitment to Buyer and Seller. At Closing or as soon as reasonably practicable after Closing, the Title Company shall issue and deliver to Buyer the owner’s title insurance policy referred to above (the “Title Policy”), issued by the Title Company insuring Buyer’s title to the Property consistent with the Title Commitment and subject only to taxes and assessments for the year of Closing and subsequent years. At Closing, Seller shall pay the premium for the Title Policy. Buyer may obtain such other endorsements to the Title Policy as Buyer desires, at the expense of Xxxxx. Seller shall provide such affidavits or certificates as may be required by the Title Company to remove all liens, including, without limitation, mechanics’ or materialmen’s liens, as exceptions to the Title Policy.
Title Commitment and Policy. Grantor shall instruct the Title Company to prepare a title commitment for the Property and deliver it for Grantee’s review within seven (7) days after the Effective Date, at Grantee’s expense. Prior to closing, Grantee shall have the right to review the title commitment and approve or disapprove those items which may affect the title of the Property. Grantor shall use reasonable efforts to cooperate with the Title Company to correct condition(s) that adversely affect the Property as determined by Grantee. Both parties agree to extend the closing for Grantor to make corrections on title defects, conditions, requirements and/or exceptions (recorded and/or unrecorded) or known to Grantor. Grantor has the sole discretion to correct title matters to Grantee's satisfaction. If Grantee is not satisfied with Grantor's actions, this Agreement may be terminated and the parties will have no further obligations to each other under this Agreement. Closing is contingent on Grantee’s satisfaction with the condition of title to the Property prior to closing.
Title Commitment and Policy a. Seller shall deliver to Buyer a Commitment for an ALTA Form B owner's policy of title insurance (the “Commitment”) issued by a title insurance company of Buyer’s choice (“Title Company”) and covering title to the Property, in the amount of the Purchase Price. Buyer agrees to pay the costs associated with the preparation and issuance of the Commitment; Buyer shall pay the premium for the owner’s policy, if any, and the lender’s policy, if any, along with the price for any endorsements requested by Buyer or Buyer’s lender.
Title Commitment and Policy. Prior to the Closing Date (as defined in Paragraph 5 below) Seller shall order and obtain, at Seller’s expense, a current commitment for extended coverage title insurance in the amount of the Purchase Price, together with legible copies of all documents listed as exceptions therein, and a current certificate of taxes due with respect to the Property, from a title company selected by Seller authorized to issue title insurance in the state of Colorado (the “Title Company”), on the current standard form of extended ALTA Owners Policy (collectively, the “Title Commitment”). The Title Company shall promptly provide copies of any amendments or modifications of the Title Commitment to Buyer. At Closing or as soon as reasonably practicable after Closing, the Title Company shall issue and deliver to Buyer the owner’s title insurance policy referred to above (the “Title Policy”), issued by the Title Company insuring Buyer’s title to the Property consistent with the Title Commitment, and subject only to taxes and assessments for the year of Closing and subsequent years, and the other matters listed as exceptions in the Title Commitment and any encumbrances upon the Property caused by Buyer (the “Permitted Exceptions”). At Closing, Seller shall pay the premium for the Title Policy. Buyer may obtain such other endorsements to the Title Policy as Buyer desires, at the expense of Buyer.
