Delivery of Title and Title Insurance Sample Clauses

Delivery of Title and Title Insurance. Seller shall convey fee title to the Property to Buyer at the Closing, subject to the Permitted Exceptions. The term "Permitted Exceptions" as used herein shall mean: (i) liens for real property taxes and assessments and all other taxes shown as exceptions in the Title Report, provided that the taxes are not delinquent and do not include any utility hook-up fees or building fees relating to Seller's construction of the Improvements; (ii) the standard exceptions to coverage under Chicago Title Insurance Company (Title Insurer's) 1992 ALTA-Owner's Extended Coverage Policy of Title Insurance; (iii) such exceptions to coverage as may be shown in the Title Report and that are approved by Buyer during Buyer's Review Period; (iv) the CC&R's, as described in Section 7.07 of this Agreement; (v) reasonable water, sanitary sewer, utility, slope, and drainage and street widening easements that are necessary in connection with the subdivision or development of the Property and any Adjacent Property, as defined in Section 7.06 of this Agreement, that are either shown on a survey or tract, subdivision or boundary line adjustment map for the Build-to-Suit Parcel and Expansion Parcel that Buyer approves during Buyer's Review Period or that are located within utility corridors within the perimeter boundaries of the Property as shown on such maps and do not adversely affect or increase the cost of Buyer's proposed expansion of its improvements or conduct of business within the Improvements after the close of Escrow; (vi) minor boundary line adjustments that are contemplated by the boundary line adjustment map that is approved by Buyer during Buyer's Review Period and that do not interfere or impair the use of the Property and do not reduce Buyer's ability to expand its improvements after the Close of Escrow as contemplated by Section 7.07 of this Agreement; and (vi) any other exception Buyer has approved in writing or caused or permitted to encumber the Property. Buyer agrees that Seller's obligation to convey insurable title to Buyer shall be deemed satisfied upon Title Insurer's willingness to issue the Title Policy subject only to the Permitted Exceptions.
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Delivery of Title and Title Insurance. Housing Authority shall convey title to the Zeyn Street Parcel to Encore and Encore shall convey title to the Midway Drive Parcel to Housing Authority at the Close of Escrow, subject only to the Permitted Exceptions. The term “Permitted Exceptions” shall mean: (i) liens for real property taxes shown as exceptions in the Title Report provided that the taxes are not delinquent; (ii) the standard exclusions to coverage under Title Insurer’s ALTA Extended Coverage Owner’s Policy of Title Insurance (“Title Policy”); and (iii) any other lien, encumbrance, title exception or defect that appears in the Title Report which Encore or Housing Authority has approved or which is caused by Encore or Housing Authority prior to the Closing. Notwithstanding the foregoing, in no event shall the following be considered Permitted Exceptions: deeds of trust or mortgages; judgments; mechanics' and materialmen's liens; tax liens; or liens, encumbrances or other title matters created by Housing Authority or Encore after the date of this Agreement, other than those created with the prior written consent of Encore or Housing Authority. Encore agrees that Housing Authority’s obligation to convey title to Encore shall be deemed satisfied upon Title Insurer’s willingness to issue the Title Policy subject only to the Permitted Exceptions. Housing Authority agrees that Encore’s obligation to convey title to Housing Authority shall be deemed satisfied upon Title Insurer’s willingness to issue the Title Policy subject only to the Permitted Exceptions.
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Delivery of Title and Title Insurance. It shall be a condition to Buyer’s obligation to close the Transaction that the Title Company shall be irrevocably committed to issue the Owner’s Title Policy to Buyer, insuring that title to the Real Property is vested in Buyer, subject only to the Permitted Exceptions. By acceptance of the Ground Lease Assignment Agreement and the closing of the purchase of the Property, Buyer agrees that Seller shall have conclusively satisfied its obligations with respect to title to the Property.
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Related to Delivery of Title and Title Insurance

  • Delivery of the Property The Fund will deliver or arrange for delivery to PFPC Trust, all the Property owned by the Portfolios, including cash received as a result of the distribution of Shares, during the term of this Agreement. PFPC Trust will not be responsible for any assets until actual receipt.

  • Evidence of Title Evidence that title to a REO is held by the Trustee shall be submitted by the Servicer to the Master Servicer and, if applicable, to the Primary Mortgage Insurer and/or the Pool Insurer, within ten Business Days after marketable title to such REO has been acquired.

  • Documents of Title Not sign or authorize the signing of any financing statement or other document naming Borrower as debtor or obligor, or acquiesce or cooperate in the issuance of any xxxx of lading, warehouse receipt or other document or instrument of title with respect to any Collateral, except those negotiated to Lender, or those naming Lender as secured party, or if solely to create, perfect or maintain a Permitted Lien.

  • Survey and Title Approval 8 4.1 Survey...........................................................8 4.2 Title............................................................8 4.3 Survey or Title Objections.......................................8

  • Certificates of Title Upon the request of Secured Party, if a certificate of title is issued or outstanding with respect to any Vehicle or other Collateral with a fair market value of at least $50,000, cause the Security Interest to be properly noted thereon.

  • Passage of Title and Risk of Loss Legal title, equitable title and risk of loss with respect to the Acquired Assets will not pass to Buyer until the Acquired Assets are transferred at the Closing.

  • Delivery, Title and Risk of Loss Unless otherwise specified on the EDDYFI quotation, delivery is FCA (Manufacturing Site). In any case, delivery and risk of loss is in accordance with INCOTERMS 2010. Title to products shall pass to the Customer upon full payment of the invoice(s). In the absence of specific instructions, goods will be shipped via the carrier EDDYFI deems most practical. No claim for error in shipment will be considered unless made within ten (10) days of Customer’s receipt of goods.

  • Additional Title Documents The Receiver, the Corporation and the Assuming Institution each agree, at any time, and from time to time, upon the request of any party hereto, to execute and deliver such additional instruments and documents of conveyance as shall be reasonably necessary to vest in the appropriate party its full legal or equitable title in and to the property transferred pursuant to this Agreement or to be transferred in accordance herewith. The Assuming Institution shall prepare such instruments and documents of conveyance (in form and substance satisfactory to the Receiver) as shall be necessary to vest title to the Assets in the Assuming Institution. The Assuming Institution shall be responsible for recording such instruments and documents of conveyance at its own expense.

  • POLICY TITLE AND OWNERSHIP Title and ownership shall reside in the Bank for its use and for the use of the Insured all in accordance with this Agreement. The Bank alone may, to the extent of its interest, exercise the right to borrow or withdraw on the policy cash values. Where the Bank and the Insured (or assignee, with the consent of the Insured) mutually agree to exercise the right to increase the coverage under the subject Split Dollar policy, then, in such event, the rights, duties and benefits of the parties to such increased coverage shall continue to be subject to the terms of this Agreement.

  • Title Documents Title Documents consist of the following: (1) copies of any plats, declarations, covenants, conditions and restrictions burdening the Property, and (2) copies of any other documents (or, if illegible, summaries of such documents) listed in the schedule of exceptions (Exceptions) in the Title Commitment furnished to Buyer (collectively, Title Documents).

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