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.
Owner’s Title Policy means an owner's policy of title insurance issued to the Acquiror by the Title Company, pursuant to which the Title Company insures the Acquiror's ownership of fee simple title to the Real Property (including the marketability thereof) subject only to Permitted Title Exceptions. The Owner's Title Policy shall insure the Acquiror in the amount of the Consideration and shall be acceptable in form and substance to the Acquiror. The description of the Land in the Owner's Title Policy shall be by courses and distances and shall be identical to the description shown on the Survey.
Owner’s Title Policy means an ALTA owner’s policy of title insurance issued to Purchaser by the Title Company pursuant to which the Title Company insures Purchaser’s ownership of indefeasible, marketable, fee simple title to the Real Property as of the date and time of recording of the Deed, subject only to Permitted Title Exceptions, in the aggregate amount of the Purchase Price.
Examples of Owner’s Title Policy in a sentence
The costs for the Owner’s Title Policy shall be paid entirely by the Seller.
At Closing, the Title Company shall issue the Owner’s Title Policy to Buyer, insuring that title to the Real Property is vested in Buyer and is good and marketable subject only to the Permitted Exceptions.
The Title Company shall be irrevocably committed to issue the Owner’s Title Policy to Buyer, insuring that good and marketable, indefeasible fee simple title to the Real Property is vested in Buyer subject only to the Permitted Exceptions.
Buyer shall be entitled to request that the Title Company provide such endorsements (or amendments) to the Owner’s Title Policy as Buyer may reasonably require, provided that such endorsements (or amendments) shall be at no cost to Seller, and the Owner’s Title Policy shall impose no additional liability on Seller.
More Definitions of Owner’s Title Policy
Owner’s Title Policy means one (1) or more ALTA owner’s title insurance policies in favor of New Property Owner issued by the Title Company in an aggregate amount equal to the Purchase Price, insuring that fee title to the Real Property is vested in New Property Owner subject only to the Permitted Exceptions, together with a non-imputation endorsement in favor of New Property Owner in the form of Exhibit B hereto.
Owner’s Title Policy means an owner's policy of title insurance (ALTA Form B-1970) issued to the Purchaser by the Title Company, pursuant to which the Title Company insures the Purchaser's ownership of fee simple title to the Real Property (including the marketability thereof), subject only to Permitted Title Exceptions (which shall exclude all preprinted, standard, general or similar exceptions), and which provides such affirmative coverages and endorsements reasonably requested by the Purchaser. The Owner's Title Policy shall insure the Purchaser in the amount of the Purchase Price and shall be acceptable in form and substance to the Purchaser. The description of the Land in the Owner's Title Policy shall be by courses and distances and shall be identical to the description shown on the Survey.
Owner’s Title Policy means an owner's policy of title insurance -------------------- issued to Patriot by the Title Company, pursuant to which the Title Company insures Patriot's ownership of fee simple title to the Real Property (including the indefeasibility/marketability thereof) subject only to Permitted Title Exceptions. The Owner's Title Policy shall insure Patriot in the amount of the Purchase Price and shall be reasonably acceptable in form and substance to Patriot. Patriot may require such deletions of standard exceptions and such title endorsements as are legally available and customarily required by institutional investors purchasing property comparable to the Property in the State where the Property is situated. The description of the Land in the Owner's Title Policy shall be by courses and distances or by reference to a legal, subdivided lot and shall be identical to the description shown on the Survey.
Owner’s Title Policy has the meaning provided in Section 6.15(b).
Owner’s Title Policy means a 1970 Form B American Land Title Association extended coverage owner's policy of title insurance issued to Transferee by the Title Company, pursuant to which the Title Company insures Transferee's ownership of fee simple title (or ground lease interest, as applicable) to the Real Property (including the marketability thereof) subject only to Permitted Title Exceptions and shall include those title endorsements required by Transferee. The Owner's Title Policy shall insure Transferee in the amount designated by Transferee and shall be acceptable in form and substance to Transferee.
Owner’s Title Policy means an owner's policy of title insurance issued to the Acquiror by the Title Company, dated as of the Closing Date, pursuant to which the Title Company insures the Acquiror's ownership of title to the leasehold interest in the Real Property (including the marketability thereof) subject only to Permitted Title Exceptions. The Owner's Title Policy shall insure the Acquiror in the amount of the Consideration and shall be acceptable in form and substance to the Acquiror. The description of the Land in the Owner's Title Policy shall be by courses and distances and shall be identical to the description shown on a survey provided by the Contributor to the Acquiror.
Owner’s Title Policy means an extended coverage ALTA owner’s title insurance policy (1970 form) without any creditor’s rights exception (or such other comparable form of title insurance policy as is available in the jurisdiction in which the Property is located), in the amount of the Purchase Price.