Common use of Title Commitment/Policy Clause in Contracts

Title Commitment/Policy. A commitment from a title insurance company acceptable to Agent to issue an ALTA lender’s policy of title insurance in the face amount of $18,000,000.00 insuring the Company’s Mortgage or Deed of Trust to Farm Credit as a first priority lien on the property encumbered thereby, subject only to exceptions approved in writing by Agent. The Company agrees to pay the cost of such commitment and the related policy, together with such endorsements as may be reasonably requested by Agent, and also agrees that if, for any reason, a final title policy is not issued by the date that is ninety (90) days after the date of this agreement or such later date as may be agreeable to Agent, then an “Event of Default” shall be deemed to have occurred under this agreement.

Title Commitment/Policy. A commitment from a title insurance company acceptable to Agent to issue an ALTA lender’s policy of title insurance in the face amount of $18,000,000.00 100,000,000.00 insuring the Company’s Mortgage or Deed of Trust to Farm Credit as a first priority lien on the property encumbered thereby, subject only to exceptions approved in writing by Agent. The Company agrees to pay the cost of such commitment and the related policy, together with such endorsements as may be reasonably requested by Agent, and also agrees that if, for any reason, a final title policy is not issued by the date that is ninety (90) days after the date of this agreement or such later date as may be agreeable to Agent, then an “Event of Default” shall be deemed to have occurred under this agreement.

Title Commitment/Policy. A commitment from a title insurance company acceptable to Agent to issue an ALTA lender’s policy of title insurance in the face amount of $18,000,000.00 84,500,000.00 insuring the Company’s Mortgage or Deed of Trust to Farm Credit as a first priority lien on the property encumbered thereby, subject only to exceptions approved in writing by Agent. The Company agrees to pay the cost of such commitment and the related policy, together with such endorsements as may be reasonably requested by Agent, and also agrees that if, for any reason, a final title policy is not issued by the date that is ninety (90) days after the date of this agreement or such later date as may be agreeable to Agent, then an “Event of Default” shall be deemed to have occurred under this agreement.

Title Commitment/Policy. A commitment from a title insurance company acceptable to Agent to issue an ALTA lender’s policy of title insurance in the face amount of $18,000,000.00 95,000,000.00 insuring the Company’s Mortgage or Deed of Trust to Farm Credit as a first priority lien on the property encumbered thereby, subject only to exceptions approved in writing by Agent. The Company agrees to pay the cost of such commitment and the related policy, together with such endorsements as may be reasonably requested by Agent, and also agrees that if, for any reason, a final title policy is not issued by the date that is ninety (90) days after the date of this agreement or such later date as may be agreeable to Agent, then an “Event of Default” shall be deemed to have occurred under this agreement.

Title Commitment/Policy. A commitment from a title insurance company acceptable to Agent to issue an ALTA lender’s policy of title insurance in the face amount of $18,000,000.00 36,500,000.00 insuring the Company’s Mortgage or Deed of Trust to Farm Credit as a first priority lien on the property encumbered thereby, subject only to exceptions approved in writing by Agent. The Company agrees to pay the cost of such commitment and the related policy, together with such endorsements as may be reasonably requested by Agent, and also agrees that if, for any reason, a final title policy is not issued by the date that is ninety (90) days after the date of this agreement or such later date as may be agreeable to Agent, then an “Event of Default” shall be deemed to have occurred under this agreement.

Title Commitment/Policy. A commitment from a title insurance company acceptable to Agent to issue an ALTA lender’s policy of title insurance in the face amount of $18,000,000.00 50,000,000.00 insuring the Company’s Mortgage or Deed of Trust to Farm Credit as a first priority lien on the property encumbered thereby, subject only to exceptions approved in writing by Agent. The Company agrees to pay the cost of such commitment and the related policy, together with such endorsements as may be reasonably requested by Agent, and also agrees that if, for any reason, a final title policy is not issued by the date that is ninety (90) days after the date of this agreement or such later date as may be agreeable to Agent, then an “"Event of Default” " shall be deemed to have occurred under this agreement.

Title Commitment/Policy. A commitment from a title insurance company acceptable to Agent to issue an ALTA lender’s 's policy of title insurance in the face amount of $18,000,000.00 47,000,000.00 insuring the Company’s 's Mortgage or Deed of Trust to Farm Credit as a first priority lien on the property encumbered thereby, subject only to exceptions approved in writing by Agent. The Company agrees to pay the cost of such commitment and the related policy, together with such endorsements as may be reasonably requested by Agent, and also agrees that if, for any reason, a final title policy is not issued by the date that is ninety (90) days after the date of this agreement or such later date as may be agreeable to Agent, then an “"Event of Default” " shall be deemed to have occurred under this agreement.