Extended Coverage Title Policy definition
Examples of Extended Coverage Title Policy in a sentence
In that event, Holder shall (i) obtain and provide to the title insurer any survey that the title insurer might require in order to issue the title policy as an Extended Coverage Title Policy and (ii) pay the increase in the premium attributable to the extended coverage.
Notwithstanding the -------------------------------------- provisions of Section 7(a), Holder may require that the title policy be an Extended Coverage Title Policy.
Title Insurer shall issue the ALTA Extended Coverage Title Policy to Buyer.
Escrow Agent shall direct Title Insurer to issue the ALTA Extended Coverage Title Policy to Buyer.
Buyer shall timely satisfy all additional requirements of the Title Company to the issuance of the Extended Coverage Title Policy and any Endorsements.
Buyer shall be responsible for the payment of the difference between (a) the cost of an Extended Coverage Title Policy, including any and all Endorsements and (b) the cost of a standard form Owner's Policy of Title Insurance (“Additional Title Policy Charge”).
Buyer's ability to obtain the Extended Coverage Title Policy and/or any Endorsements shall not be a condition to the Closing.
In addition to the foregoing, Title Insurer shall have agreed to insure the easements appurtenant to the Real Property pursuant to the Condominium Documents in the ALTA Extended Coverage Title Policy.
If the Title Company requires a new Survey as a condition to the issuance of an Extended Coverage Title Policy, Buyer shall timely make the necessary arrangements to engage a surveyor, specify requirements, approve and pay the cost of, and otherwise cause a Survey to be timely obtained at Buyer's expense.
Title Insurer shall issue the ALTA Extended Coverage Title Policy to Company.