Common use of Insured Closing Clause in Contracts

Insured Closing. The Closing shall be an "insured closing" with "gap coverage" as such terms are commonly understood in the title insurance industry, i.e., at Closing, upon request Buyer will be entitled to receive an updated and marked-up Title Commitment or a pro forma Title Policy to insure that Buyer will receive the Title Policy and that no circumstances have arisen since the date of the Title Commitment that would adversely affect title to the Property other than Permitted Exceptions. The Title Policy will provide "extended form coverage," i.e., without standard or general preprinted exceptions (other than the survey exception unless Buyer procures an appropriate Survey), which shall not constitute Permitted Exceptions.

Insured Closing. The Closing shall be an "insured closing" with "gap coverage" as such terms are commonly understood in the title insurance industry, i.e., at Closing, upon request request, Buyer will be entitled to receive an updated and marked-up Title Commitment or a pro forma Title Policy commitment to insure that Buyer will receive the Title Policy requisite title insurance policy and that no circumstances have arisen since the date of the Title Commitment commitment that would adversely affect title to the Property other than Permitted Exceptions. The Title Policy At Buyer’s request, the policy will provide "extended form coverage," i.e., without standard or general preprinted exceptions (other than the survey exception unless any which cannot be removed if Buyer procures does not procure an appropriate Surveysurvey), which shall not constitute Permitted Exceptions.

Insured Closing. The Closing shall be an "insured closing" with "gap coverage" as such terms are commonly understood in the title insurance industry, i.e., at Closing, upon request request, Buyer will be entitled to receive an updated and marked-up Title Commitment or a pro forma Title Policy commitment to insure ensure that Buyer ▇▇▇▇▇ will receive the Title Policy requisite title insurance policy and that no circumstances have arisen since the date of the Title Commitment commitment that would adversely affect title to the Property other than Permitted Exceptions. The Title Policy At Buyer’s request, the policy will provide "extended form coverage," i.e., without standard or general preprinted exceptions (other than the survey exception unless any which cannot be removed if Buyer procures does not procure an appropriate Surveysurvey), which shall not constitute Permitted Exceptions.