Policy of Title Insurance. At the Closing, Buyer’s Attorney or Title Company shall deliver to Buyer a Commitment for Title Insurance or a Policy of Title Insurance in the amount of the Purchase Price, committing to insure, or insuring title vested in Buyer, free of encumbrances, except:
Policy of Title Insurance. First American’s issuance of the Policy to Nu Skin is intended to cause First American to assume all risk of loss or injury arising from the Trust Deeds and their reconveyance pursuant to this Agreement, up to the Policy amount and subject to the provisions of the Policy (but not subject to Exclusions in Section 3 of the Policy) and subject to First American’s rights against Nu Skin and Sellers, if any, pursuant to the provisions of this Agreement. In the event that the representations and warranties of Nu Skin set forth in paragraphs 4(a) and 4(b) above are materially false and incorrect on the date hereof, the liability of Nu Skin to First American, if any, pursuant to Section 5 of this Agreement shall not constitute or be asserted by First American as a defense against claims by Nu Skin for defense or payment under the Policy, nor will such liability of Nu Skin under this Agreement diminish the rights of Nu Skin to defense and recovery under the Policy, provided that First American shall have the right after a final determination (beyond any appeal rights) by a court of competent jurisdiction of the liability of Nu Skin under Section 5 hereof, to set off the amounts determined by such court to be owed by Nu Skin to First American under this Agreement, if any, against the amounts owed to Nu Skin under the Policy, if any, on a dollar for dollar basis.
Policy of Title Insurance. Seller must obtain an Owner’s Policy of Title Insurance in the amount of the purchase price, showing title to the Property vested in Buyer, subject only to those exceptions to title approved by Buyer pursuant to Section 3.3.4 hereof (the “Policy of Title Insurance”).
Policy of Title Insurance. 6. Income Statements by month for the Hotel for through
Policy of Title Insurance. At the Closing, the Title Company shall issue in Buyer's favor an extended form ALTA Owner's Policy of Title Insurance, together with any endorsements reasonably requested by Buyer (collectively the "Title Policy"), or a commitment to issue the Title Policy promptly following the Closing in an amount not less than the Purchase Price, insuring Buyer's good, marketable and indefeasible title to the Property in fee simple absolute, subject only to the Permitted Encumbrances.
Policy of Title Insurance. At the “Close of Escrow” (defined below) for the Land, Title Company shall issue to Buyer an CLTA standard coverage owner’s policy of title insurance with coverage in the amount of the Purchase Price, insuring title to the Land as vested in Buyer in the Approved Title Condition (the “Title Policy”).
Policy of Title Insurance. An insurer of Acquirer's choice shall be prepared to offer a CLTA Policy of Title Insurance on the Facility in the amount of $8,509,090 at Acquirer's expense.
Policy of Title Insurance. If Buyer desires title coverage other than that required by this paragraph, Buyer shall instruct Escrow Holder in writing and pay any increase in costs.
Policy of Title Insurance. First American Title Insurance Company Form No. 1056.06 Policy Page 5 ALTA Loan Policy (6-17-06) Policy Number: 465256 SCHEDULE A First American Title Insurance Company Name and Address of the issuing Title Insurance Company: First American Title Insurance Company 0 Xxxxxxxx Xxx Xxxxxxxxx, XX 00000 File No.: NCS-465256-GLAP Policy No.: 465256 Loan No.: N/A Address Reference: 000 Xxxxxxxx Xxxxxx, 000 Xxxxxxxxx, Xxxxxxxx Xxxx, XX Amount of Insurance: $340,000,000.00 Date of Policy: PROFORMA
Policy of Title Insurance. On the Closing Date, Buyer may elect to purchase an Owner's Fee Policy of Title Insurance, Form B 1970 (Amended) issued by the Title Company in the amount that it wants insuring a good and marketable fee simple absolute title to the Property vested in Buyer, subject only to the Permitted Exceptions under Section 4(a) above (the "Title Policy"). The Title Policy shall affirmatively insure: (i) Buyer's unrestricted right to use any appurtenant easement; (ii) contiguity of any separate parcels comprising the Property (if applicable); and (iii) that the Property has the benefit of non- exclusive direct ingress and egress, both pedestrian and vehicular, to and from a public highway.
