LAND TITLE. 5.1 Title to the Property will be free of all encumbrances, liens and interests except for:
LAND TITLE. Federal Title Registration
LAND TITLE. FEDERAL TITLE LEGISLATION
LAND TITLE. The Town has agreed to make the New Library Site available to the District to construct the new library facility. The Town will continue to own the New Library Site and will lease it to the District in accordance with the terms set forth in this IGA. The Parties agree that the lease arrangement would not typically require a title insurance policy, but the Town has elected to acquire a title insurance commitment in order to identify any existing or potential claims against the property to defend any and all title disputes relating to the New Library Site. In the event of a question as to the validity of the Town’s claim of ownership, the Town agrees to take such reasonable steps as may be necessary to confirm its ownership of the New Library Site, including but not limited to seeking to obtain appropriate deeds or other forms of documentation as to such property, and, if necessary, bringing a quiet title action or other legal proceeding to resolve any possible title disputes.
LAND TITLE. The Town has agreed to make the New Library Site available to the District to construct the new library facility. The Town will continue to own the New Library Site and will lease it to the District in accordance with the terms set forth in this IGA. The Parties agree that the lease arrangement would not typically require a title insurance commitment, but the Town and the District previously obtained one effective April 1, 2016, covering several parcels, and the Town wishes to receive an updated title commitment for just for the new library site, and will bear any costs associated therewith. The Town further agrees to take such reasonable steps as may be necessary to confirm its ownership of the New Library Site, including but not limited to seeking to obtain appropriate deeds or other forms of documentation as to such property, and, if necessary, bringing a quiet title action or other legal proceeding to resolve any possible title disputes. In addition, the Town may also elect to obtain a title insurance policy for the new library site in a reasonable amount as determined by the Town. If the Town applies for and obtains a title insurance policy, the Parties agree to share the cost of the policy evenly. If the District is required to obtain a title insurance policy as a condition of securing financing for the lease and the project, the District shall be responsible for all costs associated with that title insurance policy.
LAND TITLE. Although the Company has obtained title opinions with respect to certain of its properties, there may still be undetected title defects affecting such properties. Accordingly, such properties may be subject to prior unregistered liens, agreements, transfers or claims, and title may be affected by, among other things, undetected defects which could have a material adverse impact on the Company's operations. Aboriginal Land Claims No assurance can be given that aboriginal land claims will not be asserted in the future in which event the Company's operations and title to its properties may potentially be seriously adversely affected.
LAND TITLE. 11. The Final Agreement will include provisions to allow for Yekooche First Nation Lands and parcels thereof to be registered in the provincial Land Title Office.
LAND TITLE. 9. Before the Final Agreement, the Parties will deal with issues related to the registration of interests on Tsawwassen Lands, including:
