Title Policy shall have the meaning set forth in Section 4.2.
Title Policy has the meaning provided in Section 6.2(b).
Title Policy has the meaning set forth in Section 5.4.
Examples of Title Policy in a sentence
At the Closing and as a condition precedent to the obligations of Purchaser hereunder, the Title Company shall deliver to Purchaser, a proforma title insurance policy issued by the Title Company in the amount of the Purchase Price subject only to the Permitted Exceptions, showing fee simple title to the Real Property as vested in Purchaser (the "Title Policy").
Purchaser, at its sole cost and expense, may request the issuance at Closing of such endorsements to the Title Policy as it deems appropriate; provided, however, that issuance of such endorsements shall not be a condition precedent to Purchaser's obligations hereunder and Seller shall not incur any costs or expenses in connection with the issuance of such endorsements.
More Definitions of Title Policy
Title Policy as defined in Section 3.1(i).
Title Policy shall have the meaning assigned to such term in Section 4.01(o)(iii).
Title Policy shall have the meaning provided in Section 9.14(d)(ii).
Title Policy has the meaning ascribed to such term in Section 6.3.
Title Policy as defined in Section 5.11.
Title Policy shall have the meaning assigned to such term in Section 5.10(a).
Title Policy. A preliminary title policy has been prepared by Lime City Title Co., which will be preparing the final title policy plus conducting the Closing. Seller and Buyer agree to use Lime City Title. --- CONDITIONS: No offer shall be accepted that is contingent on financing. The Xxxxxxx Money will be totally forfeited in the event the Seller accepts the successful bidder's Purchase Agreement in writing and the successful bidder subsequently refuses to proceed to Closing. --- EXECUTION OF PURCHASE AGREEMENT: The successful bidder has earned the right to make an offer to the seller; no sale has been completed. The bidder will be required to execute a Real Estate Purchase Agreement immediately following the close of the auction. Buyer's offer expires 11:59 P.M. (local time) seven days after the auction date, unless Seller timely accepts it; the Xxxxxxx Money will be returned if Seller does not accept the successful bid, subject to any required approvals. --- TAXES: The real estate taxes shall be prorated. Seller shall pay real estate taxes which are payable during the year in which Closing occurs, and taxes payable during the succeeding year, prorated to the date of Closing. Buyer shall assume and pay all subsequent taxes. If at the time of closing the tax xxxx for the Real Estate for the succeeding year has not been issued, taxes payable shall be computed based on the last tax xxxx available to the closing agent. The succeeding year’s tax xxxx, because of recently constructed improvements, annexation, reassessment, or similar items may greatly exceed the last tax xxxx available to the closing agent. --- GUARANTY: Any individual submitting a bid or signing the Purchase Agreement on behalf of any entity agrees to be individually bound by all these terms and conditions and individually responsible for payment of the Xxxxxxx Money and the balance due. --- POSSESSION: The possession of the Property shall be 15 Days after closing, subject to tenant’s rights, by 5:00 P.M. --- SURVEY: The Seller has a legal description for the property so no survey will be provided. If a survey is requested, it will be paid for by the Buyer. --- CLOSING: Balance of the purchase price is due in cash at closing, which will take place on or before the Thirtieth (30th) day following the Accepted Date. The fee charged by any closing agent, including an attorney acting as a closing agent for both parties, or Buyer's lender acting in such capacity, for closing services shall be paid equally by the...