Title Policy definition

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

Title Policy has the meaning set forth in Section 5.10(b)(iii).

Title Policy shall have the meaning provided in Section 9.14(d)(ii).

Examples of Title Policy in a sentence

• The Title Policy shall be dated as of the Closing Date, shall include coverage over the general exceptions to such policy and shall contain such affirmative endorsements as may be available under California law as to mechanic’s liens, easements and rights-of-way, encroachments, the non-violation of covenants and restrictions, zoning, survey matters and other matters as Lessor shall reasonably request including, without limitation, an appropriate “re-characterization” endorsement.

• Broker advises Xxxxx to have an abstract of title covering the Property examined by an attorney of Xxxxx’s selection, or Buyer should be furnished with or obtain a Title Policy.

• If a Title Policy is furnished, the Commitment should be promptly reviewed by an attorney of Xxxxx’s choice due to the time limitations on Xxxxx’s right to object.

• Xxxxx agrees to pay all expenses incident to any purchase money loan (e.g., loan commitment fees, preparation of note, mortgage, and other loan documents, recording fees, prepaid interest and credit reports) and any fees for endorsements to the Title Policy requested by Xxxxx.

• Buyer shall order a commitment for the issuance of the Title Policy (the “Title Report”) and may also obtain a current ALTA plat of survey of the Property (the “Survey”).

More Definitions of Title Policy

Title Policy has the meaning ascribed to such term in Section 6.3.

Title Policy shall have the meaning assigned to such term in Section 4.01(o)(iii).

Title Policy as defined in Section 3.1(h).

Title Policy as defined in Section 5.11.

Title Policy has the meaning provided in Section 6.2(b).

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...