Owner Title Policy definition

Owner Title Policy means an ALTA 1992 Form owner's policy of Title Insurance issued by the Title Company to Purchaser, in a face amount equal to the Total Purchase Price and subject to no exceptions other than the standard printed exceptions described in Schedule B of the Title Commitment and all other Permitted Exceptions.
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Owner Title Policy has the meaning set forth in Section 2.03(g) of the Participation Agreement.
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Owner Title Policy has the meaning ascribed to such term in Section 6.3.
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Examples of Owner Title Policy in a sentence

  • Optionee shall also be obligated to pay the cost of the Owner Title Policy, except to the extent the cost of such policy is attributed to endorsements requested by Owner.

  • Owner shall pay that portion of the cost of the Owner Title Policy attributed to endorsements requested by Owner.

  • The Seller shall pay for the cost of the Title Commitment and for the premium for the basic Owner Title Policy.

  • Further, Purchaser shall deliver to Title Insurer such evidence of Purchaser’s organization, power and authority as Title Insurer may reasonably request, together with such other documents as Title Insurer may reasonably require to issue the Owner Title Policy or to consummate the transactions contemplated under this Agreement or the documents to be executed and delivered by Purchaser at Closing.

  • Purchaser shall pay the expenses incident to obtaining financing for the acquisition of the Parcel, including the premium for the mortgagee title policies and the cost of endorsements to the Owner Title Policy required by Purchaser pursuant to the last sentence of Section 10.02 (but excluding any endorsements obtained by Seller to cure a title objection or to provide coverages otherwise contemplated by Section 10.02).

  • Seller shall pay all transfer taxes (if any), Seller's legal fees, the Rollback Taxes, one-half of all recording fees, the premiums payable for the Owner Title Policy (other than the premium for the modification of the survey exception) and the cost of obtaining the Survey.

  • Owner Title Policy must be issued within the last 6 month on all properties (parcels) being merged together.

  • Purchaser may, at Purchaser's expense, cause the Title Company to delete the "areas and boundaries" exception from the Owner Title Policy (except as to "shortages in area" only).

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  • Within three (3) business days of a Tax Benefit Schedule that was delivered to an Applicable Member becoming final in accordance with Section 2.04(a), the Corporation shall pay to the Applicable Member for such Taxable Year the Tax Benefit Payment determined pursuant to Section 3.01(b).


More Definitions of Owner Title Policy

Owner Title Policy can be found in Paragraph 5.2(e). "Permitted Exceptions" can be found in Paragraph 2.1(b). "Personal Property" can be found in Paragraph 1.1(d). "Property" or "Properties" can be found in Paragraph 1.1(f). "Purchase Price" can be found in Paragraph 1.2. "RCRA" can be found in Paragraph 3.1(j)(viii). "Real Property" can be found in Paragraph 1.1(f). "Rent Roll" can be found in Paragraph 2.2(c). "Returns" can be found in Paragraph 3.1(h). "Seller" can be found on page 1. "Seller's Affiliate" can be found in Paragraph 3.7(a). "Seller's Title Indemnity" can be found in Paragraph 2.1(b). "Subleases" can be found in Paragraph 5.3(b). "Tenant Deposits" can be found in Paragraph 1.1(f). "Tenant Notices" can be found in Paragraph 5.2(f). "Title Commitment" can be found in Paragraph 2.1(a). "Title Company" can be found in Paragraph 1.3. "Title Exceptions" can be found in Paragraph 2.1(b).
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Related to Owner Title Policy

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

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

  • Title Insurance Policy A title insurance policy maintained with respect to a Mortgage Loan.

  • Title Insurance Policies means, with respect to each Individual Property, an ALTA mortgagee title insurance policy in a form acceptable to Lender (or, if an Individual Property is in a State which does not permit the issuance of such ALTA policy, such form as shall be permitted in such State and acceptable to Lender) issued with respect to such Individual Property and insuring the lien of the Mortgage encumbering such Individual Property.

  • Title Insurance An American Land Title Association (ALTA) mortgage loan title policy form 1970, or other form of Title Insurance Policy acceptable to FNMA or FHLMC, including all riders and endorsements thereto, insuring that the Security Instrument constitutes a valid first lien on the related Mortgaged Property subject only to permitted encumbrances.

  • Title Insurer means Chicago Title Insurance Company.

  • CLTA The California Land Title Association.

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

  • Mortgage Policies has the meaning specified in Section 6.13(b)(ii).

  • Title insurance agent means an agent licensed in the Commonwealth to sell, solicit, or negotiate

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

  • Mortgage Policy has the meaning specified in Section 4.01(a)(iv)(B).

  • Existing Mortgage has the meaning specified in Section 5.02(a)(vi).

  • Title Commitments has the meaning set forth in Section 3.5.

  • Title Company means First American Title Insurance Company.

  • Underlying Mortgaged Property With respect to each Co-op Loan, the underlying real property owned by the related residential cooperative housing corporation.

  • Closing Date Mortgaged Property as defined in Section 3.1(h).

  • Title Insurance Company means the company that has or will issue the title policies with respect to a Leased Property, which company shall be reasonably acceptable to the Funding Parties.

  • Certificate Insurance Policy The Certificate Guaranty Insurance Policy No. AB1094BE, dated the Closing Date, including any endorsements thereto issued by the Certificate Insurer to the Trustee for the benefit of the Holders of the Insured Certificates, a form of which is attached as Exhibit L hereto.

  • Property Owner Association Property means, for each Fiscal Year, any property within the boundaries of IA No. 1 that was owned by a property owner association, including any master or sub-association, as of January 1 of the prior Fiscal Year.

  • Existing Property means all property against which ad valorem property taxes were levied by a local unit for its concluding fiscal year, minus all property that is considered losses for purposes of ad valorem property tax levies of the local unit for the ensuing fiscal year.

  • Preliminary Title Report A report issued by a title insurance company in anticipation of issuing a Title Insurance policy which evidences existing liens and gives a preliminary opinion as to the absence of any encumbrance on title to a Mortgaged Property, except liens to be removed on or before purchase or refinance, as the case may be, by the Borrower and Permitted Encumbrances.

  • Title Documents shall have the meaning set forth in Section 4.1.

  • Title V means Title V of the federal Act for the Senior Community Service Employment Program for Older Americans.