ALTA Standard Title Policy definition

ALTA Standard Title Policy means the American Land Title Association ("ALTA") owner's policy of title insurance with western regional exceptions (ALTA Standard) (or its CLTA equivalent) to be issued by the Title Company (as
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Examples of ALTA Standard Title Policy in a sentence

  • Seller shall pay: (i) one-half (½) of Escrow Agent’s fees, costs and expenses, (ii) one-half (½) of the premium for the ALTA Standard Title Policy for the Property, (iii) all costs associated with the cure or removal of any title objections by Buyer that Seller is obligated or agrees to remove or cure (including, without limitation, all costs required to eliminate any mechanics’ or materialmen’s lien exceptions), and (iv) all transfer taxes, if any.

  • Buyer shall pay: (i) one-half (½) of Escrow Agent’s fees, costs and expenses, (ii) the cost of the survey, (iii) one-half (½) of the premium for the ALTA Standard Title Policy for the Property, (iv) the cost of the Extended Title Policy Coverage and any endorsements to the Title Policy if required by Buyer, and (v) all fees to record the Deed and any mortgage obtained by Buyer.

  • Owner shall pay (i) County Documentary Transfer Tax in the amount Escrow Agent determines to be required by law, (ii) the fee for the ALTA Standard Title Policy premium for the Property, (iii) one-half of Escrow Agent's escrow fee and (iv) usual seller's document-drafting and recording charges.

  • If, for any reason, Title Company does not commit to issue to Optionee an ALTA Extended Title Policy on the Closing Date, then this Section 4.2.2 shall be deemed satisfied so long as Title Company is committed to issue to Optionee an ALTA Standard Title Policy.

  • As a condition precedent to the Close of Escrow in favor of Owner, the Title Company shall be committed to issue to Owner, at Owner's expense, an ALTA Standard Title Policy (the "Easement Title Policy") or, if requested by Owner, an ALTA Extended Title Policy, with liability in an amount reasonably required by Owner, insuring Owner's easement interest in the Easement Area subject only to the exceptions described in Subsections (a), (b), (c) and (d) of Section 4.

  • If Optionee requests an ALTA Extended Title Policy, Optionee shall be solely responsible for satisfying all conditions to the issuance of the ALTA Extended Title Policy, including obtaining any necessary survey, and for paying the premiums charged to issue the ALTA Extended Title Policy in excess of the premiums for an ALTA Standard Title Policy.

  • Optionee shall pay (i) one-half of Escrow Agent's escrow fee, (ii) usual buyer's document-drafting and recording charges, (iii) if Optionee has requested an ALTA insurance policy, the difference between the cost of an ALTA Standard Title Policy and an ALTA Extended Title Policy, (iv) the cost for the joint protection or ALTA Lender's Title Policy, and (v) the fee for any surveys obtained by Optionee and any endorsements requested by Optionee.

Related to ALTA Standard Title Policy

  • Title Policy shall have the meaning set forth in Section 4.2.

  • Owner’s Title Policy means those certain ALTA extended coverage owner’s policies of title insurance issued in connection with the closing of the Mortgage Loan insuring the Mortgage Borrower as the owner of the Property.

  • Existing Title Policy means, the existing title insurance policy for the Property.

  • Title Policies has the meaning set forth in Section 6.17.

  • ALTA means American Land Title Association, or any successor thereto.