Commitment for Title Insurance. Within five (5) days after the Effective Date, Seller shall deliver to Purchaser and the surveyor described in Section 2.2 below (a) a current title commitment (the "TITLE COMMITMENT") covering the Property, showing all matters affecting title to the Property and binding the Title Company to issue at Closing an Owner's Policy of Title Insurance on the standard form of policy prescribed by the Texas State Board of Insurance in the full amount of the Purchase Price pursuant to Section 2.5 hereof, and (b) legible copies of all instruments (the "EXCEPTION INSTRUMENTS") referenced in Schedule B and Schedule C of the Title Commitment.
Appears in 2 contracts
Sources: Purchase Agreement (Behringer Harvard Mid Term Value Enhancement Fund I Lp), Purchase Agreement (Behringer Harvard Mid Term Value Enhancement Fund I Lp)