Insurable Title. Seller shall give and Purchaser shall accept such title as shall be willing to approve and insure in accordance with its standard form of title policy approved by the New York State Insurance Department, subject only to the matters provided for in this contract.
Insurable Title a. Seller shall provide and Purchaser shall accept such title as Seller’s title insurance company shall be willing to approve and insure in accordance with its standard form of title policy approved by the governing agency for the state where the Property is located, subject only to the matters provided for in the Contract. Lender’s and owner’s title insurance will be at Purchaser’s expense.
Insurable Title. Buyer must notify Seller or its representatives of any and all valid title objections at least ten days (10) before closing or all objections to title shall be waived. If Seller cannot cure said objections after a good faith effort, or to do so would delay closing beyond the original or any extended Closing Date, Xxxxx agrees to accept, at Seller expense, a fee title policy chosen by Seller containing affirmative coverage for the title objections, in which case, the Contract shall remain in full force and the Buyer shall perform pursuant to the terms set forth in the Contract. Seller is under no obligation to use extraordinary measures, to bear any expense, or to bring any action or proceeding in order to deliver insurable title. If Seller is unable to deliver insurable title or obtain title insurance from a reputable title insurance company, the Buyer’s sole remedy shall be to receive a return of any xxxxxxx money deposit, terminating the Contract rendering it null and void.
Insurable Title. Xxxxx’s obligation to consummate this transaction is contingent on the willingness of Commonwealth Land Title Insurance Company, or any other qualified, credit-rated title insurance underwriter, to issue an ALTA Standard Coverage Owner’s Policy of Title Insurance for the Purchased Assets (the “Title Policy”) written with liability in the amount of the Purchase Price and free of any monetary liens, interests, or other claims. Buyer may, at its expense, purchase a Title Policy. Buyer may further elect to obtain, at its expense, an ALTA Owner’s Extended Coverage Policy of Title Insurance, but a qualified, credit-rated title insurance underwriter’s unwillingness to issue the same or any endorsements shall not be grounds for terminating this Agreement or delaying the Closing. Receiver shall be under no obligation to incur any additional liability or indemnities with respect thereto or to make any representations regarding the Purchased Assets beyond those provided herein. If a qualified title insurance underwriter is not willing to issue a Title Policy on the Purchased Assets free of monetary exceptions by the Closing Date, the Receiver shall be entitled to up to ninety (90) additional days after the Closing Date within which to remove or cure such exceptions to the Title Policy.
Insurable Title. Seller shall give and Purchaser shall accept such title as shall be willing to approve and insure in accordance with its standard form of title policy approved by the New York State Insurance Department, subject only to the matters provided for this contract. 14. Closing, Deed and Title. (a) “Closing” means the settlement of the obligations of Seller and Purchaser to each other under this contract, including the payment of the purchase price to Seller, and the delivery to Purchaser of a deed in proper statutory short form for record, duly executed and acknowledged, so as to convey to Purchaser fee simple title to the Premises, free of all encumbrances, except as otherwise herein stated. The deed shall contain a covenant by Seller as required by subd. 5 of Section 13 of the Lien Law. (b) If Seller is a corporation, it shall deliver to Purchaser at the time of Closing (i) a resolution of its Board of Directors authorizing the sale and delivery of the deed, and (ii) a certificate by the Secretary or Assistant Secretary of the corporation certifying such resolution and setting forth facts showing that the transfer is in conformity with the requirements of Section 909 of the Business Corporation Law. The deed in such case shall contain a recital sufficient to establish compliance with that Section. 15.
Insurable Title a. As a condition of this agreement Purchaser waives any option it may have under state law to select its own title and escrow companies and will accept the Sellers title and escrow services who are experienced with asset forfeiture sales.
Insurable Title. Seller shall give and the Purchaser shall accept such title as Seller’s title insurance company shall be willing to approve and insure in accordance with its standard form of title policy approved by the governing agency for the state where the property is located, subject only to the matters provided for in this contract In the event purchaser chooses to obtain their own fee (owners) policy and/or title exam, they shall order the same within three days of purchaser executing the contract of sale, or all objections to title shall be waived. Purchaser must notify Seller’s attorney of any and all title objections at least ten days before closing, or all objections after a good faith effort, or to do so would delay the closing beyond the original or any extended close date, Purchaser agrees to accept a fee (owners) title policy, as stated above, at Seller’s expense. Regular rates must apply. Seller agrees to pay the premium for a fee (owners) title policy only if the policy is issued by Seller’s selected agent.
Insurable Title is contingent on the willingness of higher rating from Demotech, Inc. of Title Insurance for the Purc Title Policy amount of the Purchase Price, and free of any monetary liens or encumbrances, except for any liens for real estate taxes and assessments. Buyer may, at its expense, purchase a Title Policy. Buyer may further Coverage Policy of Title Insurance, but a qualified title unwillingness to issue the same or any endorsements shall not be grounds for terminating this Agreement or delaying the Closing. Receiver shall be under no obligation to incur any additional liability or indemnities with respect thereto or to make any representations regarding the Purchased Assets beyond those provided herein. If a qualified title insurance underwriter is not willing to issue a Title Policy on the Purchased Assets free of monetary liens or encumbrances, except for any liens for real estate taxes and assessments, by the Closing Date, the Receiver shall be entitled to up to sixty (60) additional days after the Closing Date within which to remove or cure such exceptions to the Title Policy.
Insurable Title. Unless Purchaser indicates to the contrary below, Seller shall furnish Purchaser, at Seller’s expense, a fee title policy, with coverage in the amount of the purchase price. If a mortgagee policy is required, Purchaser shall be responsible for paying for any endorsements to the policy that the lender may require.
Insurable Title. Seller shall give and Purchaser shall accept such title as any reputable title insurer (of Purchaser’s choice) licensed by the Commonwealth of Mass. shall be willing to approve and insure in accordance with its standard form of title policy approved by the Massachusetts Insurance Department, subject only to the matters provided for this contract.
