Common use of Owner’s Policy Clause in Contracts

Owner’s Policy. Evidence of title in the Company shall be confirmed by the issuance at the Final Closing by a title company reasonably acceptable to Buyer of its CLTA Owner's Policy of Title Insurance insuring that fee title in the Land is vested in the Company, subject to obligations for local real estate taxes and assessments not yet due or payable; and such other exceptions as may be approved in writing by Buyer (the "Title Policy"). The Title Policy shall include such endorsements as Buyer may reasonably request prior to the Closing Date.