Title Title Insurance Sample Clauses

Title Title Insurance. At Closing, the Property shall be transferred to Buyer in and through the Deed, free and clear of all liens and encumbrances other than the Permitted Exceptions and any mortgage to be caused to be placed on the Property by Buyer to provide financing of the Purchase Price, and title to the Property shall be good, marketable, and insurable by the Title Company at its regular rates pursuant to the standard stipulations. Title Company shall have issued to Buyer a pro forma fee owner’s title policy or unconditional commitment and shall have issued to Lender a pro forma fee lender’s title policy or unconditional commitment, all meeting the requirements of Section 3 hereof in the amount of the Purchase Price (or the equivalent thereof), and the Title Company, subject to payment of all applicable fees, costs, and premiums, shall be ready, willing and irrevocably committed to issue an owner’s title policy to Buyer and an lender’s or loan title policy to Lender at Closing meeting the requirements of Section 3 hereof in the amount of the Purchase Price, together with any endorsements and affirmative coverages requested by Bxxxx (as to the owner’s title policy) and Lxxxxx (as to the lender / loan title policy).
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Title Title Insurance. Buyer both Buyer and Seller as a Limited Agent.
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Title Title Insurance. (a) A title insurance company selected by Purchaser shall be irrevocably and unconditionally committed to issue to Purchaser at Closing at standard rates and at Seller's expense an ALTA extended coverage owner's title insurance policy, in the amounts set forth on
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Title Title Insurance. 5.1 Prior to the Agreement Date, the Title Company has issued its Commitment for Title Insurance (Commitment No. NCS-1159070-SA1, dated December 6, 2022) for the City Parcels and Authority Parcels (the “Title Commitment”). At the Close of Escrow, City and Authority covenant to cause the Title Company to issue the Title Policy in favor of Xxxxx showing Buyer’s fee simple title subject only to the exceptions to title listed or referred to in the Title Commitment, excepting only that Authority shall be responsible to cause the Title Company to delete or remove the exception to title referred to in Paragraph 22 of Part II of Schedule B of the Title Commitment (the “Permitted Title Exceptions”). In addition, Xxxxx accepts any exceptions to title that may have been created by Xxxxx’s occupancy of the City Parcels and Authority Parcels prior to the Close of Escrow pursuant to the City Parcels Lease and the Authority Parcels Sublease, including without limitation any mechanic’s liens or similar encumbrances arising out of any work performed on any of said parcels by or under the authority of Buyer, and any such additional title exceptions shall be deemed to constitute Permitted Title Exceptions within the meaning of this Agreement. Alternatively, and if for any reason Authority is unable to cause the Title Company to remove the exception to title referred to in Paragraph 22 of Part II of Schedule B of the Title Commitment at the Close of Escrow, Buyer may elect to proceed with the Close of Escrow, in which case Authority shall be responsible for causing said title exception to be removed of record as soon as possible after the Close of Escrow, Authority shall ensure that the monetary lien reflected in said title exception does not jeopardize or impair Buyer’s ability to obtain financing or refinancing for the Cottage Industries project, and Authority shall indemnify and defend Buyer from and against any and all claims, liabilities, and losses arising out of such lien remaining of record after the Close of Escrow, which covenants, notwithstanding any other provision set forth in this Agreement, shall survive the Close of Escrow and continue in effect until said title exception/lien is permanently removed of record. 5.2 City shall pay the portion of the cost of the Title Policy to be furnished for the City Parcels and Authority shall pay the portion of the cost of the Title Policy for the Authority Parcels in the amount of the City Parcels Purchase Price and Authori...
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Title Title Insurance. At or prior to Closing, Purchaser shall cause to be delivered to Seller, binding commitments for the owner's standard polices of title insurance described in Sections 2.3.1, 2.3.2 and 2.3.3 above, subject only to the permitted title exceptions described in such sections.
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Title Title Insurance. Each Mortgage securing a Note will have been duly executed and acknowledged and will constitute a valid Qualified Mortgage of the Timeshare Interest described therein, as security for the payment of such Note. Each Mortgage will be insured by a valid, existing Title Insurance Policy issued or to be issued by the Title Company insuring the interest of the mortgagee thereunder (and such mortgagee’s successors and assigns) as a first mortgage lien against the Timeshare Interest described therein. Each of the mortgagee’s Title Insurance Policies will be in an amount at least equal to the unpaid principal balance of the Timeshare Loan. A Title Insurance Policy may insure more than one Qualified Mortgage, provided that, the aggregate amount of such Title Insurance Policy is at least equal to the aggregate unpaid balances of the Qualified Timeshare Loans secured by such Qualified Mortgages.
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Title Title Insurance. Lender Title Insurance – Purchaser will be responsible for cost of Lender title insurance and/or any additional costs of search/update/title insurance as required by the Lender or desired by the Purchaser.
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Title Title Insurance. Title to the property purchased with the Loan shall be held by the Superintendent and his spouse as community property. A CLTA or ALTA lender’s policy of title insurance, as determined by the District, shall be issued to the District at the Superintendent’s cost using the Loan funds.
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Title Title Insurance 
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Related to Title Title Insurance

  • Title Insurance With respect to a Mortgage Loan which is not a Cooperative Loan, the Mortgage Loan is covered by an ALTA lender's title insurance policy or other generally acceptable form of policy or insurance acceptable under the Underwriting Guidelines and each such title insurance policy is issued by a title insurer acceptable under the Underwriting Guidelines and qualified to do business in the jurisdiction where the Mortgaged Property is located, insuring the Seller, its successors and assigns, as to the first priority lien of the Mortgage in the original principal amount of the Mortgage Loan (or to the extent a Mortgage Note provides for negative amortization, the maximum amount of negative amortization in accordance with the Mortgage), subject only to the exceptions contained in clauses (a) and (b) of paragraph (11) of this Subsection 3.03, and in the case of Adjustable Rate Mortgage Loans, against any loss by reason of the invalidity or unenforceability of the lien resulting from the provisions of the Mortgage providing for adjustment to the Note Rate and Monthly Payment. Where required by state law or regulation, the Mortgagor has been given the opportunity to choose the carrier of the required mortgage title insurance. Additionally, such lender's title insurance policy affirmatively insures ingress and egress, and against encroachments by or upon the Mortgaged Property or any interest therein. The Seller, its successor and assigns, are the sole insureds of such lender's title insurance policy, and such lender's title insurance policy is valid and remains in full force and effect and will be in force and effect upon the consummation of the transactions contemplated by this Agreement. No claims have been made under such lender's title insurance policy, and no prior holder of the related Mortgage, including the Seller, has done, by act or omission, anything which would impair the coverage of such lender's title insurance policy, including without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by the Seller;

  • 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.

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