Common use of Title Policy Clause in Contracts

Title Policy. The Title Company shall be prepared to issue, upon payment of the title premium at its regular rates, a title policy in the amount of the Purchase Price, insuring title to the Property is vested in the Purchaser or its designee or assignee, subject only to the Permitted Exceptions, with such endorsements as shall be reasonably required by the Purchaser.

Appears in 67 contracts

Samples: Purchase and Sale Agreement (Senior Housing Properties Trust), Purchase and Sale Agreement (CommonWealth REIT), Purchase and Sale Agreement (Senior Housing Properties Trust)

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Title Policy. The Title Company shall be prepared to issue, upon payment of the title premium at its regular rates, a title policy in the amount of the Purchase Price, insuring title to the Property is vested in the Purchaser or its designee or assigneecommitted, subject only to payment of its usual and customary premium at the Permitted ExceptionsClosing, with such endorsements as shall be reasonably required by to issue a title policy to Purchaser insuring that fee simple title to the Real Property on which the Facility is located is vested in Purchaser.

Appears in 9 contracts

Samples: Purchase and Sale Agreement (Global Healthcare Reit, Inc.), Purchase and Sale Agreement (Global Healthcare Reit, Inc.), Purchase and Sale Agreement (Global Healthcare Reit, Inc.)

Title Policy. The Title Company shall be unconditionally prepared (subject only to issue, upon payment of all necessary title insurance premiums and other charges) to issue to Buyer the title premium at its regular rates, a title policy in the amount of the Purchase Price, Title Policy insuring Buyer's title to the Real Property is vested in the Purchaser or its designee or assignee, subject only to the Permitted Exceptions, with such endorsements as shall be reasonably required by the Purchaser.Encumbrances;

Appears in 7 contracts

Samples: Purchase and Sale Agreement (Starwood Hotel & Resorts Worldwide Inc), Purchase and Sale Agreement (Starwood Hotel & Resorts Worldwide Inc), Purchase and Sale Agreement (Starwood Hotel & Resorts Worldwide Inc)

Title Policy. The Title Company shall be prepared to issue, upon payment of the title premium at its regular rates, a title policy in the amount of the Purchase Price, insuring title to the Property is vested in the Purchaser or its designee or assigneecommitted, subject only to payment of its usual and customary premium at the Permitted ExceptionsClosing, with such endorsements as shall be reasonably required by to issue a title policy to Purchaser insuring that fee simple title to the Real Properties on which the owned Facilities are located is vested in Purchaser.

Appears in 4 contracts

Samples: Purchase and Sale Agreement (Adcare Health Systems, Inc), Purchase and Sale Agreement (Adcare Health Systems Inc), Purchase and Sale Agreement (Adcare Health Systems Inc)

Title Policy. The Title Company shall be unconditionally prepared to issue, upon payment issue the Title Policy in the name of the title premium at Purchaser or its regular ratesdesignee, a title policy in the amount of the Purchase Price, insuring title to the Property is vested in the Purchaser or its designee or assignee, subject only to the Permitted Exceptions, with such endorsements as shall be reasonably required by the Purchaser.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Jacobs Entertainment Inc), Asset Purchase Agreement (Jacobs Entertainment Inc)

Title Policy. The Title Company shall be prepared to issue, upon payment of the title premium at its regular ratespremium, a title policy in the aggregate amount of the Purchase PricePrice (as same may be allocated as provided in Section 2.1, above), insuring title to the each Property is vested in the Purchaser or its permitted designee or assignee, subject only to the Permitted Exceptions, with such endorsements as . Seller shall not be reasonably required by responsible for payment of any additional title premium due to Purchaser’s allocation of the PurchaserPurchase Price between the Properties.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Cornerstone Core Properties REIT, Inc.), Purchase and Sale Agreement (Cornerstone Core Properties REIT, Inc.)

Title Policy. The Title Company shall be prepared irrevocably committed to issue, upon payment of issue the title premium at its regular rates, a title policy in the amount of the Purchase Price, insuring Title Policy ensuring that fee title to the Property (subject to the exceptions described in Section 6.1) is vested in the Purchaser or its designee or assignee, subject only to the Permitted Exceptions, with such endorsements as shall be reasonably required by the PurchaserBuyer.

Appears in 1 contract

Samples: Option Agreement (Ace Hardware Corp)

Title Policy. The Title Company shall be prepared irrevocably and unconditionally committed to issueissue Buyer’s Title Policy, upon payment provided that Buyer has paid the extended portion of the title premium at its regular rates, a title policy for Buyer’s Title Policy in the amount of the Purchase Price, insuring title to the Property is vested in the Purchaser or its designee or assignee, subject only to the Permitted Exceptions, accordance with such endorsements as shall be reasonably required by the PurchaserSection 17.08.

Appears in 1 contract

Samples: Sale and Purchase Agreement (HollyFrontier Corp)

Title Policy. The Title Company shall be prepared prepared, subject only to issue, upon payment of the usual and customary premium, to issue one or more title premium at its regular rates, a title policy in insurance policies to the amount of the Purchase PricePurchaser, insuring title to the Property Properties is vested in the Purchaser or its designee or assigneePurchaser, subject only to the Permitted Exceptions, with or such endorsements other exceptions as shall may be reasonably required approved by the Purchaser.Purchaser in accordance

Appears in 1 contract

Samples: Purchase and Sale Agreement (Five Star Quality Care Inc)

Title Policy. The Title Company shall be prepared to issue, upon payment of the title premium at its regular ratespremium, a one or more title policy policies in the aggregate amount of the Purchase PricePrice (as same may be allocated as provided in Section 2.1, above), insuring title to the each Property is vested in the tie Purchaser or its permitted designee or assignee, subject only to the Permitted Exceptions, with such endorsements as Exceptions Seller shall not be reasonably required by responsible for payment of any additional title premium due to Purchaser’s allocation of the PurchaserPurchase Price between the Properties.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Cornerstone Realty Fund LLC)

Title Policy. The Subject only to Purchaser’s payment of the applicable premium for the Title Policy, the Title Company shall be prepared unconditionally and irrevocably obligated to issueissue the Owner’s Title Policy to Purchaser, upon payment pursuant to which the Title Company insures Purchaser’s ownership of the title premium at its regular rates, a title policy leasehold estate in the amount of the Purchase Price, insuring title to the Real Property is vested in the Purchaser or its designee or assigneedescribed on Exhibit A, subject only to the Permitted Title Exceptions, with such endorsements as shall be reasonably required by the Purchaser.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Braemar Hotels & Resorts Inc.)

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Title Policy. The Title Company shall be prepared to issue, upon payment of the title premium at its regular ratespremium, a standard owner’s title policy in the aggregate amount of the Purchase PricePrice (as same may be allocated as provided in Section 2.1, above), insuring title to the Property is vested in the Purchaser or its designee or assigneePurchaser, subject only to the Permitted Exceptions, with such endorsements as shall be reasonably required by the Purchaser.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Cornerstone Core Properties REIT, Inc.)

Title Policy. The Title Company shall be prepared to issue, upon payment of the title premium at its regular ratesand charges therefor, a title policy standard form Owner’s Title Policy in the amount of the Purchase Price, insuring title to Price in accordance with the Property is vested in the Purchaser or its designee or assignee, Title Commitment subject only to the Permitted Exceptions, Encumbrances and otherwise as described in and in accordance with such endorsements as shall be reasonably required by Paragraph 4(a) of this Agreement (the Purchaser“Title Policy”).

Appears in 1 contract

Samples: Agreement of Sale (Hines Real Estate Investment Trust Inc)

Title Policy. The Title Company shall be prepared to issue, upon payment of the title premium at its regular rates, a title policy in the amount of the Allocable Purchase PricePrice for each Property, insuring title to the such Property is vested in the Purchaser or its designee or assignee, subject only to the Permitted Exceptions, with such endorsements as shall be reasonably required by the Purchaser.

Appears in 1 contract

Samples: Purchase and Sale Agreement (HRPT Properties Trust)

Title Policy. The Title Company shall be prepared prepared, subject only to issue, upon payment of the title premium at its regular ratesusual and customary premium, to issue a title insurance policy in to the amount of the Purchase PricePurchaser, insuring title to the Property Properties is vested in the Purchaser or its designee or assigneePurchaser, subject only to the Permitted Exceptions, with such endorsements as shall be reasonably required by the Purchaser.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Five Star Quality Care Inc)

Title Policy. The Title Company shall be prepared unconditionally and irrevocably obligated to issue, upon payment of issue the title premium at its regular rates, a title policy Title Policy with liability in the amount of the Purchase Price, insuring Price showing title to the Property is vested in the Purchaser or its designee or assignee, and subject only to the Permitted Exceptions, with such endorsements as shall be reasonably required by the Purchaser.

Appears in 1 contract

Samples: Hotel Purchase Intention Agreement

Title Policy. The Title Company shall be prepared to issue, upon payment of the title premium at its regular ratestherefor, a title policy the Title Policy in the amount of the Purchase Price, insuring title to Price in accordance with the Property is vested in the Purchaser or its designee or assignee, Title Commitment subject only to the Permitted Exceptions, Encumbrances and otherwise as described in and in accordance with such endorsements as shall be reasonably required by Paragraph 4(a) of this Agreement (the Purchaser.“Title Policy”);

Appears in 1 contract

Samples: Agreement of Sale (Hines Real Estate Investment Trust Inc)

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