Title Insurance Commitments. Lender shall have received for the Premises a preliminary title report and irrevocable commitment to insure title in the amount of the Loan, by means of a mortgagee’s, ALTA extended coverage policy of title insurance (or its equivalent, in the event such form is not issued in the jurisdiction where the Premises is located) issued by Title Company showing Borrower vested with good and marketable fee title in the real property comprising such Premises, committing to insure Lender’s first priority lien upon and security interest in such real property subject only to Permitted Exceptions, and containing such endorsements as Lender may reasonably require.
Title Insurance Commitments. If Lessee elects to purchase title insurance for a Site, Contributors and Lessee will work together and cooperate in order to obtain and cause to be delivered to Lessee (for Lessee's use for purposes of obtaining title insurance) as promptly as practicable following execution of this Agreement, copies of commitments (and will provide non-privileged copies (or electronic access) thereof to Contributors or Lessor) to issue leasehold and/or leasehold lenders title insurance policies ("Title Commitments") for each such Site as to which any Contributor has an insurable real property interest ("Insurable Sites"). The costs of obtaining the Title Commitments and title insurance policies pursuant to the Title Commitments (the "Title Policies") will be borne by Lessee (except as provided in Section 3.3(b)(ii)), and at the Closings, Lessee will reimburse Contributors for any out-of-pocket costs related thereto that were incurred and paid by Contributors at the request of Lessee. If, prior to the Initial Closing or Technical Closing, as the case may be, relating to any Insurable Site for which a Title Commitment will have been issued, Lessee will be unable to obtain a Title Policy (or a marked Title Commitment) insuring its interest and/or the interest of its lender in such Site (subject only to Permitted Encumbrances) notwithstanding Lessee's having exercised its commercially reasonable efforts to do so, then, provided that Lessee will continue to exercise commercially reasonable efforts to obtain such Title Policy (or a marked Title Commitment), Lessee will have the right to treat such as a Pre-Lease Site. At each Closing Lessor or Contributors, as applicable, will deliver to Title Company such documents including Property Tax forms and any other certificates and documentation as may be reasonably and customarily required by the Title Company for issuance of owners' and lenders' policies of leasehold title insurance (subject only to Permitted Encumbrances) in favor of Lessee and/or Lessee's lenders.
Title Insurance Commitments. The Tower Operator or any Sale Site Subsidiary, at its sole cost and expense, may purchase upon the occurrence of the Initial Closing or any subsequent Closing, as applicable, fee title, leasehold or leasehold lender’s title insurance policies (the “Title Policies”), but the AT&T Contributors shall not be required to execute any affidavits, indemnities or other documentation in connection therewith. Obtaining Title Policies for any of the Sites shall not be a condition to the occurrence of the applicable Closing. The Tower Operator and the Sale Site Subsidiaries shall instruct any Title Company that is preparing title reports or commitments for the Tower Operator to deliver copies thereof to the AT&T Contributors at the same time it delivers such reports or commitments to the Tower Operator and the Sale Site Subsidiaries.
Title Insurance Commitments. American Land Title Association (“ALTA”) mortgagee’s title insurance commitments to be issued by the Title Insurance Company on the Properties in such form as is acceptable to Lender.
Title Insurance Commitments. Lender shall have received for each of the Premises a preliminary title report and irrevocable commitment to insure title in the amount of the Loan relating to such Premises, by means of a mortgagee's, ALTA extended coverage policy of title insurance (or its equivalent in the jurisdiction in which the Premises are located), in the event such form is not issued in the jurisdiction where the Premises is located) issued by Title Company showing Borrower vested with good and marketable fee title in the real property comprising such Premises, committing to insure Lender's first priority lien upon and security interest in such real property subject only to Permitted Exceptions, and containing such endorsements as Lender may require.
Title Insurance Commitments. The commitments of title insurance issued by Title Company and delivered to Buyer with respect to each parcel comprising the Land. Each of the Title Insurance Commitments is at times herein referred to as a “Title Insurance Commitment”.
Title Insurance Commitments. Prior to the execution of this Agreement, Sellers shall have obtained the Title Insurance Commitments and delivered the same to Buyer. Buyer hereby acknowledges that Buyer has approved the Title Commitments and has accepted the Title Insurance Commitments as so delivered to Buyer as evidence of the status of Sellers’ title to the Hotels and Land. If requested by Buyer, Seller will provide policies of coinsurance provided that any incremental costs therefore shall be paid by the Buyer as contemplated in Section 12.03(b)(3) hereof.
Title Insurance Commitments. Prior to the execution of this Agreement, Sellers obtained the Title Insurance Commitments and delivered the same to Buyer. Buyer hereby acknowledges that Buyer has approved the Title Insurance Commitments and has accepted the Title Insurance Commitments as so delivered to Buyer as evidence of the status of Sellers’ title to the Hotels and Land. It is understood and agreed by Buyer and Sellers that, notwithstanding any other term or provision of this Agreement to the contrary, Sellers shall have no obligation to pay for any endorsements to the Title Policies and, if desired or required by Buyer, the premiums and costs of such endorsements shall be at Buyer’s sole cost and expense. If Buyer defaults under this Agreement or terminates this Agreement for any reason hereunder (other than a default by any of the Sellers), then Buyer shall pay any and all search and examination fees, cancellation fees and other costs or charges assessed in connection with the services of the title insurer, the cancellation of the Title Insurance Commitments or the non-issuance of the Title Policies. The foregoing sentence shall survive any termination of this Agreement by Buyer (other than by reason of a default by any of the Sellers). Upon Buyer’s selection of a lender, Buyer shall notify Seller whether such lender requires co-title insurance with respect to the transactions contemplated herein, and what such requirements are, if any. Buyer acknowledges and agrees that (i) Buyer shall be responsible for all additional costs, fees and premiums resulting from its election to have the Title Policies co-insured, (ii) such co-insurer shall be a nationally-recognized title insurance company, and (iii) Buyer shall not have the right to extend the Closing Date in order to accommodate the lender’s co-insurance requirements.
Title Insurance Commitments. The Seller will use its commercially reasonable efforts to obtain and cause to be delivered to the Buyer prior to the Closing an ALTA (or equivalent) title insurance commitment with respect to each of the Brillion, Cedar Grove and Ft. Atkixxxx, Xxsconsin Owned Premises and a certificate of a Governmental Entity of Mexico regarding liens with respect to the Mexican Premises.
Title Insurance Commitments. From and after the date of this Agreement, Parent shall deliver or cause to be delivered to Purchaser (at Purchaser's expense) title insurance commitments (collectively, the "Title Commitments") issued by First American Title Insurance Company or another nationally recognized title insurance company (the "Title Company") for all of the real property owned or leased by Target or any Target Subsidiary and reflected on the consolidated statement of financial condition of Target on December 31, 1998, which title commitments shall (a) confirm that Target or a Target Subsidiary, as applicable, owns fee title (or leasehold title in the case of the so-called Shopping Center Branch, Newport Road, New London, New Hampshire) in and to the real property free of material encumbrances, Liens and other title imperfections which would prevent transfer of such premises or use of such premises for banking operations, subject to the provisions of Schedule 4.24; (b) commit the Title Company, on the Closing Date, to issue to Purchaser or its designee, at commercially reasonable rates, an owner's (or leasehold, as the case may be) policy of title insurance for each such parcel of real property in an amount equal to the portion of the Purchase Price allocated to the same; and (c) Parent will cause the Title Insurance Policy on the 00 Xxxxx Xxxx Xxxxxx, Xxxxxxx, Xxx Xxxxxxxxx, property to be transferred to 00 Xxxxx Xxxx Xxxxxx Corp.
