Title Company’s Obligations at Closing. At Closing, Title Company shall:
(a) at such time as Title Company holds and is irrevocably obligated to deliver the Purchase Price to Seller, record the Deed in the applicable Official Records.
(b) deliver to Seller the Purchase Price by wire transfer of immediately available federal funds to a bank account designated by Seller in writing to Title Company prior to the Closing;
(c) deliver to Purchaser the fully executed original counterparts of the instruments described in Section 4.2(f) hereof;
(d) deliver to Seller and Purchaser two (2) fully executed counterparts of the instruments described in Sections 4.2(b), 4.2(c), 4.2(d), 4.2(g) and 4.2(i) hereof; and
(e) deliver to Seller and Purchaser settlement statements prepared by Title Company and approved by Seller and Purchaser not less than two (2) business days prior to the Closing.
Title Company’s Obligations at Closing. At Closing, Title Company shall:
(a) deliver to Seller the Purchase Price by wire transfer of immediately available federal funds to a bank account designated by Seller in writing to Title Company prior to the Closing;
(b) record and file the Deed in the Official Records of Hennepin County, Minnesota.
(c) deliver to each of Seller and Buyer one (1) fully executed counterpart original of the instruments described in Sections 4.2(b) and 4.2(c) one (1) fully executed counterpart original of the instruments described in Sections 4.2(d);
(d) deliver to Seller and Buyer the Closing Statement prepared by Title Company and approved by Seller and Buyer. The parties will endeavor to cause the Title Company to submit a preliminary draft of the Closing Statement not less than two (2) business days prior to Closing.
Title Company’s Obligations at Closing. At Closing, Title Company (subject to the parties joint determination to accomplish any or all of the following outside of the escrow conducted by the Title Company) shall:
(a) deliver to Seller (i) the full amount of the Purchase Price, as increased or decreased by prorations and adjustments as herein provided and (ii) deliver to the Operator the full amount of the Working Capital Deposit;
(b) record and file the Deed, the GL Assignment and the Residential Expansion Parcel Agreement in the appropriate official recorder’s office in Maricopa County, Arizona;
(c) deliver to each of Seller and Purchaser two (2) fully executed counterparts of the instruments described in Sections 4.2(c), 4.2(d), 4(e), and 4.2(n);
(d) deliver to Purchaser fully executed originals of the notices described in Section 4.2(e) and the certificate described in Section 4.2(f), and deliver copies of each of such instruments to Seller;
(e) deliver to each of Seller and Purchaser a fully executed counterpart of the documents described in Sections 4.2(h), 4.2(i), 4.2(l), 4.2(m) and 4.2(o); and
(f) deliver to Seller and Purchaser settlement statements prepared by Title Company and approved by Seller and Purchaser not less than two (2) business days prior to the Closing.
Title Company’s Obligations at Closing. Without limitation, it shall be the obligation of Title Company to:
(a) Record the Deeds delivered hereunder;
(b) Deliver to Purchaser the item specified in Paragraph 7(b) and (d), and deliver copies thereof to Seller;
(c) Cause the issuance and delivery to Purchaser of an Owner’s Policy of Title Insurance (the “Title Policy”) with respect to each property comprising the Property, on the form promulgated by TLTA, insuring fee simple title to the Property in Purchaser, in the amount of the Purchase Price (as allocated among the properties comprising the Property), subject only to the Permitted Exceptions and the standard printed exceptions therein, except:
(i) The exception relating to restrictions against the Property shall be deleted, except for such restrictions as may be included in the Permitted Exceptions;
(ii) The exception relating to standby fees and ad valorem taxes shall except only to taxes owing for the current year and subsequent assessments for prior years due to change in land usage or ownership;
(iii) The survey exception shall be deleted except “shortages in area” at Purchaser’s expense;
(iv) There shall be no exception for rights of parties in possession; and
(v) Purchaser shall, at Purchaser’s expense, have the right to receive such other special endorsements as may be available;
(d) Deliver to both Seller and Purchaser fully-executed counterparts of each of the Leases (if applicable) and Assignment, and copies of all other closing documents; and
(e) Effect the prorations as of the date of Closing as set forth herein.
Title Company’s Obligations at Closing. Subject to the terms of any escrow instructions received from counsel for either Purchaser or Seller which are not contradictory with this Agreement, at Closing, Title Company shall:
(a) at such time as Title Company holds and is irrevocably obligated to deliver the Purchase Price to Seller, record the Deed in the Official Records of Hennepin County, Minnesota.
(b) deliver to Seller the Purchase Price by wire transfer of immediately available federal funds to a bank account designated by Seller in writing to Title Company prior to the Closing;
(c) deliver to Seller and Purchaser two (2) fully executed counterparts of the instruments described in Sections 4.2(b), 4.2(c), 4.2(d), 4.2(f), 4.2(g) and 4.2(i) hereof; and
(d) deliver to Seller and Purchaser settlement statements prepared by Title Company and approved by Seller and Purchaser not less than two (2) business days prior to the Closing.
Title Company’s Obligations at Closing. At Closing, Title Company shall:
(a) at such time as Title Company holds notice that the entire Purchase Price has been delivered to Seller, Title Company shall record and file the Deeds in the Official Records of Boulder County, Colorado, the Official Records of Pueblo County, Colorado and the Official Records of Denver County, Colorado (as applicable).
(b) deliver to each of Seller and Purchaser two (2) fully executed counterparts of the instruments described in Sections 4.2(b), 4.2(c), 4.2(d), 4.2(h), 4.2(k) and 4.2(l) in connection with each of the Properties;
(c) deliver to Purchaser fully executed originals of the notices described in Section 4.2(e) and the certificate described in Section 4.2(f), and deliver copies of each of such instruments to Seller;
(d) deliver to each of Seller and Purchaser a fully executed counterpart of the documents described in Sections 4.2(j) and 4.2(m); and
(e) deliver to Seller and Purchaser the Closing Statement prepared by Title Company and approved by Seller and Purchaser. The parties will endeavor to cause the Title Company to submit a preliminary draft of the Closing Statement not less than two (2) business days prior to Closing.
Title Company’s Obligations at Closing. At Closing, Title Company shall:
(a) at such time as Title Company holds (i) and is irrevocably obligated to deliver the Purchase Price for the Properties in question to Seller, and (ii) with respect to the 12907 Property Closing only, fully executed originals of all recordable 12907 Loan Assumption Documents, if any, as directed by Purchaser and Beneficiary (the “12907 Recordables”), record the Deed for each such Property and the 12907 Recordables with respect to the 12907 Property in the Official Records of Los Angeles County, California.
(b) deliver to Seller the balance of the Purchase Price applicable to the Properties in question, as increased or decreased by prorations and adjustments as herein provided, by wire transfer of immediately available federal funds to a bank account designated by Seller in writing to Title Company prior to the Closing;
(c) deliver to Seller and Purchaser copies or two (2) fully executed counterparts of the instruments delivered by Seller and Purchaser as described in Section 4.2 hereof with respect to the Properties in question;
(d) collate and deliver to each of Seller and Purchaser settlement statements prepared by Title Company and approved by Seller and Purchaser; and
(e) comply with the written instructions of Seller, Purchaser and Beneficiary, as applicable.
Title Company’s Obligations at Closing. At Closing, Title Company shall:
(a) record the Deed and deliver the Title Policy to Purchaser;
(b) pay the Purchase Price (as adjusted in accordance with this Agreement) to Seller or as Seller directs in writing, by wire transfer of immediately available federal funds;
(c) deliver to Seller and Purchaser one (1) fully executed counterpart of the instruments described in Sections 4.2(b), 4.2(c), 4.2(d) and 4.2(e) hereof; and
(d) deliver to Seller and Purchaser their respective settlement statements prepared by Title Company and approved by Seller and Purchaser, as applicable, not less than one (1) business day prior to the Closing.
Title Company’s Obligations at Closing. At Closing, Title Company shall:
(a) at such time as Title Company holds and is irrevocably obligated to deliver the Purchase Price to Seller, record the Deed, the Parking Easement Agreement, the Declaration and, if applicable, the Subordination, all in the Official Records of Denver County, Colorado;
(b) deliver to Seller the Purchase Price by wire transfer of immediately available federal funds to a bank account designated by Seller in writing to Title Company prior to the Closing;
(c) deliver to Seller and Purchaser two (2) fully executed counterparts of the instruments described in Sections 4.2(b), 4.2(c), 4.2(d), 4.2(f), 4.2(g) and 4.2(i) hereof;
(d) deliver to Seller and Purchaser settlement statements prepared by Title Company and approved by Seller and Purchaser; provided, however, that Seller and Purchaser shall use commercially reasonable efforts to finalize and approve such settlement statements not less than two (2) business days prior to the Closing; and
(e) As soon as is practical after the Closing, deliver to Seller and Purchaser conformed copies of the recorded Deed, Parking Easement Agreement, Declaration and, if applicable, Subordination.
Title Company’s Obligations at Closing. Upon receiving written authorization from all of the Parties as provided in Section 5.03 above, BCHA shall cause the Title Company to complete the following:
a. Record the Deeds in the Boulder County real estate records (the “Records”);
b. Record the SPC Documents in the Records;
c. Record the Memorandums of Agreement in the Records;
d. Disburse funds out of escrow in the amounts shown and to the parties listed on Exhibit D-5; and
e. Issue an owner’s policy of title insurance to BCHA. and BCHA shall commence construction of the Project.
