Title Material Sample Clauses
The "Title Material" clause establishes which party holds ownership rights to materials, documents, or deliverables produced under a contract. Typically, this clause specifies whether the client or the service provider retains title to items such as reports, designs, software, or other work products created during the engagement. For example, it may state that all intellectual property developed during the project becomes the property of the client upon completion and payment. The core function of this clause is to clearly allocate ownership and usage rights, thereby preventing disputes over who controls or can use the materials after the contract ends.
Title Material. Promptly following the Effective Date, Seller will obtain and deliver to Buyer a current preliminary title report ("Title Report") for the Real Property prepared by the Title Company, together with a copy of the documents listed as exceptions therein. Buyer, at its cost, shall obtain a survey ("Survey") of the Real Property prepared by a licensed engineer or surveyor, which Survey shall be sufficient to provide the basis for an ALTA owner's policy of title insurance. Buyer shall deliver a copy of the Survey to the Title Company and to Seller.
Title Material. Promptly following the Effective Date, Seller will obtain and deliver to Buyer a current preliminary title report ("TITLE REPORT") for the Real Property prepared by the Title Company, together with a copy of the documents listed as exceptions therein. Buyer, at its election, and at its cost, may obtain a survey ("SURVEY") of the Real Property prepared by a licensed engineer which Survey shall be sufficient to provide the basis for an ALTA owner's policy of title insurance. The Survey shall be obtained by Buyer, if at all, prior to the expiration of the Title Review Period and, if obtained, Buyer shall promptly deliver a copy of the Survey to Seller and the Title Company. It is acknowledged that Buyer will not be entitled to obtain an ALTA title insurance policy with respect to the Real Property if Buyer elects not to obtain a Survey with respect to such Real Property.
Title Material. Within ten (10) calendar days after the full execution of this Agreement by both ▇▇▇▇▇ and ▇▇▇▇▇▇, ▇▇▇ ▇. ▇▇▇▇▇▇ of ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ PA, shall obtain, at Seller's sole cost and expense, a title commitment ("Title Commitment") from Fidelity National Title Insurance Company (the "Title Company") with respect to the Property for a standard form of owner's insurance policy (the "Title Policy") to be issued by the Title Company at Closing in the amount of the Purchase Price. The Title Commitment shall name ▇▇▇▇▇ as the proposed insured, insuring Buyer's fee-simple title to the Property to be marketable and subject only to the Permitted Exceptions (hereinafter defined).
a) Subject to 2024 ad valorem property taxes.
b) Reservations in favor of The School Board of Marion County, Florida, of an undivided three- quarter interest in and to all phosphates, minerals and metals, together with an undivided one-half interest in and to all petroleum, in, on or under the surface of the insured land, pursuant to Section 270.11, Florida Statutes.
c) Any portion of the Property lying within road right of way.
d) Any utility easement or purported utility easement servicing the Property. Buyer shall have the same right to make objections to any new matters later disclosed by any updated Title Commitment until the earlier of: (i) five (5) days after ▇▇▇▇▇'s receipt of such updated Title Commitment or (ii) Closing, and such matters shall be subject to cure by Seller under the same procedures set forth above for Buyer's original title objections; provided, however, if Seller reasonably determines that any such matters cannot be removed at or prior to Closing, Seller shall notify Buyer in writing, whereupon Buyer at its election, which must be exercised by written notice to Seller within five (5) days after receipt by Buyer of Seller's notice, may: (i) terminate this Agreement, in which case the Escrow Agent shall refund the ▇▇▇▇▇▇▇ Money Deposit to Buyer within five (5) business days, or (ii) waive all such title objections and proceed to close the transaction in accordance with the terms of this Agreement, except that if such deadline is after the originally scheduled Closing Date, Closing shall be on or before the fifth (5th) day after the last day of Buyer's deadline to respond to Seller, in which event all such waived matters shall become Permitted Exceptions.
Title Material. Buyer has obtained a current preliminary title report dated December 2, 1996 ("TITLE REPORT") for the Real Property prepared by the Title Company, together with a copy of the documents listed as exceptions therein. Buyer shall cause a copy of the Title Report (as well as the related documents) to be delivered to Seller. Seller has obtained, a survey ("SURVEY") of the Real Property prepared by a licensed engineer which Survey shall be sufficient to provide the basis for an ALTA owner's policy of title insurance without boundary, encroachment or survey exceptions. The Survey complies with the requirements set forth on Exhibit 6.
3.1 attached hereto. A copy of the Survey has been provided to Buyer and to the Title Company.
Title Material. Seller acknowledges and understands that Buyer is relying on Seller's representations and warranties as to the adequacy and sufficiency of Seller's title to the Interests conveyed by Seller to Buyer, all of which representations and warranties are material to Buyer and the transactions contemplated herein. From and after the date hereof Seller shall provide Buyer, its agents and representatives full opportunity, at any time and from time to time during normal business hours, to examine, inspect and copy, at Buyer's expense, the books, records and files in the possession of Seller insofar as they pertain to the Interests, pertaining to the following:
(a) All title opinions and reports pertain- ing to the Interests;
(b) All abstracts of title and status re- ports pertaining to the Interests;
(c) All documents comprising the Interests, prior conveyances of interests therein or interests created thereby, unitization, communitization, pooling and operating agreements and division and transfer orders, together with all other contracts and documents affecting the title to or the value of the Interests;
(d) All spacing, pooling, unitization, exception, allowable and other orders of any local, state or Federal court, agency, commission or other regulatory authority in any way relating to the Interests or the operation thereof;
(e) The payment of delay rentals, shut-in royalties, royalties and other payments due under the Interests;
(f) The payment of all ad valorem, property, production, severance and similar taxes and assessments based on or measured by the ownership of property or the production or removal of hydrocarbons or the receipt of proceeds therefrom attributable to the Interests;
(g) All ownership maps and surveys relating to the Interests and the lands affected thereby;
(h) All lease records, production records and data sheets relating to the Interests and to bonuses, delay rentals, shut-in royalties and royalties payable thereunder;
(i) All division and transfer orders and all purchase, sale, gathering, dehydration processing, exchange, transportation and similar agreements relating to the sale, dehydration, treatment, transportation or marketing of production from the Interests;
(j) All bonds, insurance policies, leases, permits, easements, licenses, salt water disposal agreements, gas balancing agreements, pumping or pumper's agreements and other agreements in any way relating to the Interests or the operation thereof;
(k) All records relating to the...
Title Material. As part of the Due Diligence Materials, Seller has provided to Buyer a survey of the Property as part of a survey of the adjacent land owned by Seller ("SELLER'S SURVEY"). As set forth above, Seller has not undertaken any independent investigation as to the accuracy of Seller's Survey and has provided the same solely as an accommodation to Buyer. As a further accommodation to Buyer, and without limiting the disclaimers set forth above with respect thereto, Seller has caused the engineering company that prepared Seller's Survey to add Buyer and such other entities reasonably requested by Buyer to the certification on Seller's Survey. Buyer shall be solely responsible for all costs associated with such additional certification. Buyer acknowledges that Buyer has elected not to obtain a separate survey of the Property and has instead satisfied itself as to the completeness and accuracy of the Seller's Survey.
Title Material. Within ninety (90) days from the date of this Participation Agreement and at the written request of Trinity, Texoil will furnish Trinity with copies of all the Leases and any corresponding title material associated with the prospect.
Title Material. At the Closing, the Company shall furnish to AFC report of the Title Search issued by a reputable and responsible title insurance company acceptable to AFC (the "Title Company"), which shall reflect that the title of the 33 Company and the Subsidiaries to the real properties owned by the Company and the Subsidiaries and located at ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, Jackson, Mississippi and at ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇ (the "Owned Realty"), is free and clear of any and all options, liens, claims, leases, encumbrances, restrictions, exceptions or objections to title except such as may be reflected in the Title Policies and the rights of owners of minerals in and under the Owned Realty and their lessees and such other matters as are approved by AFC in writing, and shall be without exceptions for possible mechanic's or materialmen's liens not shown by the public records.
Title Material. Promptly following the Effective Date, Seller will obtain and deliver to Buyer a current preliminary title report (“Title Report”) for the Real Property prepared by the Title Company or Escrow Agent, together with a copy of, or access to, the documents listed as exceptions therein. Buyer, at its cost, shall obtain a survey (“Survey”) of the Real Property prepared by a licensed engineer which Survey shall be sufficient to provide the basis for an ALTA owner’s policy of title insurance. The Survey shall be obtained by Buyer prior to the expiration of the Title Review Period and Buyer shall promptly deliver a copy of the Survey to Seller and the Title Company.