Owner Policy definition
Examples of Owner Policy in a sentence
The Consultant will be reimbursed at cost for all expenses, except travel and subsistence which will be reimbursed in accordance with Owner Policy, in an amount not to exceed the maximum reimbursable amount provided for in each individual work order.
Buyer may request that Title Company issue other available endorsements to the Owner Policy, but any affidavits, indemnities or other documents requested by Title Company in order for it to issue any endorsements are subject to approval by Seller in its sole discretion.
Provided, however, Seller shall pay for the Owner Policy and Purchaser shall pay the extra premium for the survey deletion in connection with the Title Policy.
The Design Professional will be reimbursed at cost for all expenses, except travel and subsistence which will be reimbursed in accordance with Owner Policy, in an amount not to exceed the maximum reimbursable amount provided for in each individual work order.
If this Policy has more than one Owner, Policy rights must be exercised only by authorization of all Owners.
Upon the expiration of the Inspection Period, if Purchaser has not terminated this Contract, Seller will provide Purchaser with an updated and recertified survey, which survey shall be in form and content sufficient to delete the standard survey exception from the Owner Policy.
Seller is responsible only for payment of the premium for the Standard Coverage Owner Policy.
Upon issuance, the Owner Policy will except only to the Permitted Exceptions which remain at Closing after the title commitment or binder has been marked up as agreed to between the Buyer and the Closing Agent.
Buyer shall pay the premiums charged for and costs associated with obtaining extended coverage and endorsements to the Owner Policy and for any loan policy or endorsements required by the Lenders or any other Lenders of Buyer.
Seller, at its sole cost and expense, also shall deliver or cause to be delivered, as soon as possible following the Closing, the Owner Policy.