Commitment for Title Insurance. Not later than five (5) days after the Effective Date, Purchaser shall order a commitment (with copies of all exceptions) (the “Title Commitment”) for an Owner's Policy of Title Insurance listing Purchaser as the proposed insured and the Purchase Price as the proposed policy amount and with an effective date no earlier than the Effective Date of this Agreement. The Title Commitment shall be issued by a title insurance company selected by Purchaser (the “Title Company”). Purchaser shall direct the Title Company to deliver copies of the Title Commitment to Seller’s attorney.
Appears in 2 contracts
Sources: Purchase and Sale Agreement, Purchase and Sale Agreement