Developer Title Policy Clause Samples
A Developer Title Policy is a contractual provision that ensures the developer obtains and maintains a title insurance policy for a property during the course of a development project. This clause typically requires the developer to secure title insurance that protects against defects, liens, or encumbrances on the property, and may specify the minimum coverage amount or the types of risks to be insured. By mandating such insurance, the clause safeguards both the developer and other stakeholders from potential financial losses or legal disputes arising from title issues, thereby facilitating a smoother development process.
Developer Title Policy. The Title Company is prepared to issue the Developer Title Policy to Developer at the Close of Escrow upon payment of the Title Company’s premium for the Developer Title Policy;
Developer Title Policy. A standard coverage policy of title insurance issued by the Title Company, with coverage in the amount of [TO BE DETERMINED DOLLAR AMOUNT], insuring title to the Property vested in Developer. If a survey is required to obtain the Developer Title Policy, the survey must be completed by Developer before the Escrow Closing Date and at Developer’s sole cost and expense.
Developer Title Policy. The Title Company has irrevocably committed to issue to Developer a CLTA standard, or at Developer’s election, an extended coverage owner’s policy of insurance, with liability in the amount of the Purchase Price, showing fee title to the Site vested in Developer in the Condition of Site Title approved by Developer pursuant to Section 3.7 hereof (the “Developer Title Policy”).
Developer Title Policy. Obtaining and delivering the Developer Title Policy to Developer; and
Developer Title Policy. Escrow Holder shall deliver to Developer the Developer Title Policy referred to in Section 3.4.2(c) of this Agreement.
Developer Title Policy. Obtaining and delivering the Developer Title Policy to Developer; and