Examples of Title Commitment in a sentence
The Title Commitment shall (i) agree to insure good, marketable, and indefeasible fee simple title to the Property (including public road access) in the name of the Buyer for the full amount of the Purchase Price upon delivery and recordation of a special warranty deed (the “Deed”) from the Seller to the Buyer, and (ii) provide for issuance of a final ALTA owner’s title insurance policy, with any endorsements requested by Buyer, subject to the Permitted Encumbrances.
Seller shall request from the Title Company a current title commitment for an ALTA Owner’s Title Insurance Policy insuring the marketable title of the Real Property issued by the Title Company, together with copies of all documents referred to as exceptions therein (collectively, the "Title Commitment").
The Purchaser shall have until the expiration of the Study Period (as defined in Subsection 7(a) below) within which to object, by written notice to the Seller, to any exceptions to title set forth in the Title Commitment.
Xxxxx, at Xxxxx’s sole expense, shall obtain the Title Commitment for an owner’s policy of title insurance issued by a title company selected by Xxxxx and reasonably acceptable to Seller (the “Title Company”) within twenty (20) days of the Contract Date.
Purchaser shall have thirty (30) calendar days from the date of receipt of the Title Commitment from Seller to notify Seller of any objections (the "Title Objections") with respect to the Real Property.