Common use of Preliminary Commitment Clause in Contracts

Preliminary Commitment. Within ten (10) business days after the Effective Date of this Agreement (or such longer time as Seller and ▇▇▇▇▇’s Real Property Manager or designee may agree in writing), Buyer will obtain a preliminary commitment for owner’s standard coverage policy of title insurance issued by the Title Company set forth in the Basic Provisions naming Buyer as the insured in the amount of the Purchase Price, together with a copy of all instruments listed as exceptions in the commitment. Buyer shall notify Seller, by written notice, what exceptions to title, if any, are disapproved by ▇▇▇▇▇ (“Disapproved Exceptions”) within ten

Appears in 2 contracts

Sources: Real Estate Purchase and Sale Agreement, Purchase and Sale Agreement