Title Commitment definition

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

Title Commitment means the commitment by the Title Company to issue the Owner's Title Policy.

Title Commitment has the meaning set forth in Section 5.1.

Examples of Title Commitment in a sentence

• If Xxxxx acquires a title policy from the Title Company, then the Title Commitment Deposit shall be applied towards the premium for such title policy, and any portion of the Title Commitment Deposit in excess of the said premium, if any, shall be refunded to Buyer.

• For purposes of calculating any amount of refund of the Title Commitment Deposit, the amount of the title policy shall be calculated based on an amount of insurance equal to the total value of the Successful Bid for the Endowment Land plus the Appraised Value of the Personal Property, even if the amount of insurance actually acquired by Xxxxx is less than said amount.

• Notwithstanding anything to the contrary contained herein, Xxxxx’s right to terminate this Agreement pursuant to this Section 11 shall expressly terminate seven (7) days following receipt of Seller’s Notice, whereupon Buyer’s approval of the Title Commitment shall become absolute and the Deposit shall become non-refundable, except as otherwise expressly set forth in this Agreement.

• If Buyer fails to purchase a title policy from the Title Company, then the Title Commitment Deposit shall be calculated in an amount equal to one-half (½) of the amount the premium would have been if title insurance had been acquired up to the amount of the Title Commitment Deposit, which amount shall be paid to or retained by the Title Company as a cancellation fee, and the difference, if any, shall be refunded to Buyer.

• If Buyer fails to purchase a title policy from the Title Company, then the Title Commitment Deposit shall be calculated in an amount equal to one-half (½) of what the premium would have been if title insurance had been acquired up to the amount of the Title Commitment Deposit, which amount shall be paid to or retained by the Title Company as a cancellation fee, and the difference, if any, shall be refunded to Buyer.

More Definitions of Title Commitment

Title Commitment means a commitment issued by the Title Insurer for the Title Policy insuring the Owner’s title in the Property in the full amount of the Purchase Price.

Title Commitment shall have the meaning set forth in Section 7.11(b).

Title Commitment has the meaning ascribed to such term in Section 6.2(a).

Title Commitment means a current commitment or current commitments issued by the Title Company to the Purchaser pursuant to the terms of which the Title Company shall commit to issue the Title Policy to Purchaser in accordance with the provisions of this Agreement, and reflecting all matters which would be listed as exceptions to coverage on the Title Policy.

Title Commitment has the meaning specified in Section 11.1.

Title Commitment means the title commitment and exception ---------------- documents defined as such in Section 2.4(d) hereof. --------------

Title Commitment has the meaning set forth in Section 2.01(a).