Common use of Acceptable Title Clause in Contracts

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, or cause to be conveyed, and Purchaser shall accept, fee simple title to the Premises, as of the Closing Date, subject only 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 in any owner's or lender's mortgage policy of title 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.