Common use of Title Commitment and Policy Clause in Contracts

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.‌

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, 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 listed as exceptions approved by Xxxxx in the Title Commitment accordance with subparagraph (c) 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.‌Xxxxx, except for endorsements obtained at Seller’s cost, as provided in subparagraph (c) 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 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, 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 listed as exceptions approved by Buyer in the Title Commitment accordance with subparagraph (c) 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.‌Buyer, except for endorsements obtained at Seller’s cost, as provided in subparagraph (c) below.‌

Title Commitment and Policy. Prior to the Closing Date Within ten (as defined in Paragraph 5 below10) days after execution of this agreement, 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 the‌ Property, from a title company selected by Seller Buyer 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 ClosingClosing , 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 and creditors’ rights exceptions, if necessary, and subject only to taxes and assessments for the year of Closing and subsequent years, and the other matters listed as exceptions approved by Buyer in the Title Commitment accordance with subparagraph (c) 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.‌Buyer.

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 PriceTwo Million Dollars ($2,000,000.00), 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 Owners 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 the owner’s a title insurance policy referred to above (the “Title Policy”), issued by the Title Company insuring Buyer’s title to the Property 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 listed as exceptions approved by Buyer in the Title Commitment 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.‌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 PriceOne 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 Owners 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 the owner’s a title insurance policy referred to above (the “Title Policy”), issued by the Title Company insuring Buyer’s title to the Property 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 listed as exceptions approved by Buyer in the Title Commitment 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.‌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 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, 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 listed as exceptions approved by Buyer in the Title Commitment accordance with subparagraph (c) 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.‌Buyer, except for endorsements obtained at Seller’s cost, as provided in subparagraph (c) 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.‌