Acceptable Title Clause Samples

Acceptable Title. At the Fee Closing (as hereinafter defined), Seller shall convey and Buyer shall accept such title to the Property as is clear and marketable, as well as insurable (without special premium) by any reputable title insurance company licensed to do business in the State of New York (the “Title Company”), subject, nevertheless, only to the following matters (collectively, the "Permitted Exceptions"): (i) Real estate taxes, assessments, water charges, and sewer rents, not yet due and payable. All taxes and charges shall be brought current as of Closing and are subject to Service Agreement No. 1631 apportionment. All Taxes (as defined herein) which are due and payable on or before the Closing shall be paid by Seller on or before the date of Closing and any such amounts so paid which relate to any period following the Closing shall be credited to Seller. All real property taxes for the current year’s tax ▇▇▇▇, not yet due and payable shall be prorated as of the Closing (based upon the current year’s tax ▇▇▇▇, if available, or the previous year’s tax ▇▇▇▇ if the current year’s tax ▇▇▇▇ is not available) and the amount thereof which relates to any period prior to Closing shall be credited to Buyer. All assessments, special assessments, and any other like charges actually imposed against the Property, or any part thereof, by reason of roadways, utility lines, streets, alleys or other improvements in existence, under construction or planned and which are due and payable as of the date of Closing shall be prorated to such date. Prepaid water, sewer, and other utility charges allocable to the period from and after the date of Closing (if any) shall be credited to Seller, and accrued and unpaid water, sewer, and other utility charges allocable to the period prior to the date of Closing shall be credited to Buyer. (ii) Any and all covenants, restrictions, agreements, and easements of record affecting the Property (exclusive of liens of a monetary nature), provided same do not interfere with Buyer’s use of the Property and which do not render title uninsurable. (iii) All zoning, building, and environmental laws, ordinances, codes, restrictions and regulations, and any amendments thereto heretofore adopted by any municipal, state, federal or other authority having or claiming jurisdiction over the Property, provided same do not interfere with Buyer’s use of the Property. (iv) Any state of facts which a current accurate survey or personal inspection of the Property would di...

Acceptable Title. For purposes of this Agreement, “Acceptable Title” of the Property shall be a fee simple marketable record title vested in the Seller with full and complete authority and right to sell, subject only to the following exceptions (the “Permitted Exceptions”): (i) existing road rights-of-way located contiguous to the boundary lines of the property; (ii) real estate taxes for the year of the Closing and subsequent years; (iii) rules, regulations and future assessments, if any, by Southwest Florida Water Management District; (iv) any title conditions, defects or matters that are waived by the Buyer or that are deemed to be waived hereunder by the Buyer.

Acceptable Title. Buyer shall order a title commitment with respect to the Premises from ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ ▇▇, Esq., ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇, Email: ▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇.▇▇▇, as agent of First American Title Insurance Company (“Title Agent”), and if it so desires, a survey of the Premises. Seller shall convey and Buyer shall accept good and marketable title to the Premises in accordance with the terms of this Agreement, free and clear of all liens, encumbrances and other defects of title, subject only to the following (collectively, the "Permitted Encumbrances"): (a) those certain encumbrances or matters of record affecting the Premises referenced in Schedule B of the title commitment with respect to the Premises obtained by Buyer to which Buyer does not timely object on or before the Title Objection Deadline or to which ▇▇▇▇▇ has timely objected and subsequently waived its objection (whether expressly in writing or impliedly by electing to proceed to Closing and accepting a deed to the Premises pursuant to Section 4.2(b)); (b) any restriction or limitations imposed or to be imposed by governmental authority, including the zoning and planning rules and regulations of the City; (c) real property and other taxes which become due and payable after the date of the Closing, which taxes Buyer will assume and agree to pay, unless exempt, from and after the Closing; (d) encroachments of ledges, fences, ▇▇▇▇▇▇, ▇▇▇▇▇ walls and retaining walls projecting from the Premises over any street or highway or over any adjoining property and encroachments of similar elements projecting from adjoining property over the Premises, provided same do not interfere with the current use and enjoyment of the Improvements or the common areas of the Premises; (e) public improvement assessments and sewer connection charges, or other assessments and/or any unpaid installments thereof, which assessments and/or installments (or portions thereof) become due and payable after the date of the Closing, which assessments and/or installments Buyer will assume and agree to pay from and after the Closing; (f) state of facts shown by accurate survey and physical inspection of the Premises; (g) rights of tenants or parties in possession, if any; and (h) all rights of utility companies for the erection and/or maintenance of water, gas, electric, telephone, sewer or other utility pipes, line, poles, wires, conduits or other like facilities, and appurtenances thereto, over, across and under the Premises, as...

Acceptable Title. Seller shall convey, or cause to be conveyed, and Purchaser shall accept, title to the Premises, as of the Closing Date, subject to the Permitted Exceptions. The term "PERMITTED EXCEPTIONS" shall mean, collectively, (i) the matters set forth in Exhibit K annexed hereto, (ii) Title Exceptions that Title Insurer shall be willing to omit as exceptions to coverage with respect to any owner's or lender's mortgage insurance policy obtained by Purchaser, (iii) the standard exceptions and provisions contained in the form of insuring agreement employed by Title Insurer and (iv) any exceptions and matters that are approved, waived or deemed to have been approved or waived by Purchaser.

Acceptable Title. Seller shall convey and Purchaser shall accept title to the Premises in accordance with the terms of this Agreement, subject only to the exceptions specified in Schedule A and to the following: (a) Any restriction or limitations imposed or to be imposed by governmental authority, including the zoning and planning rules and regulations of the Town of Redd▇▇▇, ▇▇ovided same are not in violation as of the date of the "Closing" (as hereinafter defined). (b) Taxes of the Town of Redd▇▇▇ ▇▇▇ch become due and payable after the date of the Closing, which taxes Purchaser will assume and agree to pay as part of the consideration for the deed to be delivered by Seller hereunder.

Acceptable Title. Title to the Parking Garage shall be free and clear of all liens and encumbrances not acceptable to ▇▇▇▇▇▇ Publishing.

Acceptable Title. Seller shall convey, and Purchaser shall accept, such title to the Property that any title insurance company authorized and licensed to do business in Texas (the "Title Insurance Company") would be willing to insure, subject to the matters set forth in this Agreement. Seller shall convey, and Purchaser shall accept, fee simple title to the Property in accordance with the terms and conditions of this Agreement, and subject to: (a) The Permitted Exceptions; and (b) Such other matters as any Title Insurance Company shall be willing to omit as exceptions to coverage or to except with insurance against collection out of or enforcement against the Property.

Acceptable Title. Owners warrant that the title to the premises is free and clear of all liens and encumbrances, except real property taxes and assessments for the current year, and covenants and restrictions of record. If the evidence of title resulting from a title search discloses any defects in light of and pursuant to the herein stated warranty, the Owners shall have twenty days after receipt of notification of such defects to cure said defects and to provide to Optionee written certification of such action.

Acceptable Title. If the evidence of title revealed by the PTR or any ---------------- PTR Update shall meet the requirements specified in Paragraph 2 hereof, Optionee ----------- shall have ninety (90) days after delivery to Optionor of Optionee's written notice of Optionee's intent to exercise the option (the "Exercise Notice") in --------------- order to close its acquisition of the Option Property. If Optionee shall not do so within such time period, this option shall terminate, and no part of the consideration paid for this option shall be refunded to Optionee.