Marked Title Commitment Clause Samples
The Marked Title Commitment clause defines the process by which a title insurance commitment is reviewed, annotated, and agreed upon by the parties involved in a real estate transaction. Typically, the title company issues a commitment document listing exceptions and requirements, and the parties may mark or initial specific items to indicate acceptance, objection, or the need for further action. This clause ensures that all parties have a clear, mutually understood record of the title conditions before closing, thereby reducing the risk of disputes over title defects or unresolved issues.
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Marked Title Commitment. The Title Commitment marked to delete the ----------------------- "gap" exception and to reflect that Purchaser is vested with the fee simple title to the Land and the Improvements, and to reflect that all requirements for the issuance of the final title policy pursuant to such Title Commitment have been satisfied;
Marked Title Commitment. The Title Commitment, marked to change ----------------------- the effective date thereof through the date and time of recording the Assignment and Assumption of Ground Lease, to reflect that Purchaser is vested with a subleasehold interest in the Land and the Improvements, and to reflect that all requirements for the issuance of the final title policy pursuant to such Title Commitment have been satisfied;
Marked Title Commitment. A "marked" Title Commitment, endorsed by the Title Company to (i) remove all references to payment of premium and charges for the policy and all references to expiration of the Title Commitment; (ii) indicate that all requirements to be performed on the part of Seller or others have been satisfied; (iii) delete any general survey exception (and replace with a reference to the specific matters shown on the Survey, as updated by Buyer), any exception relating to rights of parties in possession, and easements, liens, taxes or assessments not shown by the public records; and (iv) delete any exception for any matters first appearing of record after the date of the Commitment and prior to the effective date of the final policy;
Marked Title Commitment. Purchaser shall have received a “marked” title Commitment in the amount of the Purchase Price, insuring leasehold title to the Property, subject only to the Permitted Exceptions.
Marked Title Commitment. 9 ii. UPDATED SURVEY...................................................10 iii. CURRENT UCC SEARCHES............................................10 D.
Marked Title Commitment. An original of the Title Commitment, marked and executed by the agent of the Title Insurer, unconditionally obligating the Title Insurer to deliver to Buyer the Title Policy insuring Buyer as the owner of the marketable fee simple title to the Land and Site Improvements and the holder of the dominant estate in and to the Appurtenances, if any, subject only to the Permitted Exceptions.