Preliminary Title Commitment Sample Clauses
Preliminary Title Commitment. Within ten (10) business days after the Effective Date, Seller shall furnish to Purchaser, at Seller’s expense, a current commitment for a Title Policy (as defined below) for the Property (the “Master Commitment”) issued by Land Title Guarantee Company (“Title Company”) as agent for First American Title Insurance Company, together with copies of the instruments listed in the schedule of exceptions in the Master Commitment. If the Master Commitment or Survey discloses any matters which are unacceptable to Purchaser, then Purchaser shall object to the condition of the Master Commitment and/or the Survey, in writing, within sixty (60) days after the later of the Effective Date and the date of Purchaser’s receipt of the Survey and Master Commitment together with copies of all documents constituting exceptions to title (the “Title Objections”). Upon receipt of the Title Objections, Seller may, at its option and at its sole cost and expense, clear the title to the Property of the Title Objections. In the event Seller fails, or elects not to clear the title to the Property of the Title Objections on or before the date that is one (1) day before the expiration of the Due Diligence Period, the Purchaser, as its sole remedy, may elect before the expiration of the Due Diligence Period either: (i) to terminate this Contract, in which event the Initial Deposit shall be promptly returned to Purchaser, Purchaser shall deliver to Seller all information and materials received by Purchaser from Seller pertaining to the Property and any non-confidential and non-proprietary information otherwise obtained by Purchaser pertaining to the Property, and thereafter the parties shall have no further rights or obligations under this Contract except as otherwise provided in Section 12(c) below; or (ii) to waive such objections and proceed with the transactions contemplated by this Contract, in which event Purchaser shall be deemed to have approved the title matters as to which its Title Objections have been waived. If Purchaser fails to provide the Title Objections prior to the expiration of the sixty (60) day period required by this Section 4(a), Purchaser shall be deemed to have elected to waive its objections as described in the preceding clause. If Purchaser fails to notify Seller of its election to terminate this Contract or waive it objections, Purchaser shall be deemed to have elected to waive the Title Objections that Seller has failed or elected not to cure. Seller shall rele...
Preliminary Title Commitment. Borrower shall have provided to the Lender a preliminary title commitment for the Subdivision, prepared by the Title Company, together with a legible copy of each Schedule B item.
Preliminary Title Commitment. Within twenty (20) days after the Effective Date, the City, at the City’s sole cost and expense, shall have caused: Title Company, located at (the “Title Company”) to issue a preliminary title commitment (the “Title Commitment”), accompanied by true, correct, and legible copies of all recorded documents relating to easements, rights-of-way, and any instruments referred to in the Title Commitment as constituting exceptions or restrictions upon the title of City (the “Title Documents”).
Preliminary Title Commitment. Within ten (10) days after the Effective Date, a current preliminary title commitment covering the Real Property issued by the Title Company, together with copies of all documents referred to as exceptions therein (collectively, the “Title Commitment”).
Preliminary Title Commitment. Within 30 days after the date of this Agreement, Seller will procure and deliver to Purchaser, at Seller’s expense, a title commitment for the issuance of an ALTA extended coverage owner’s title insurance policy with respect to the ▇▇▇▇▇▇ Farm Parcel to be conveyed to Purchaser pursuant to the terms of this Agreement, as issued by ▇▇▇▇▇▇▇ Title Guaranty Company of Denver, Colorado (the “Title Company”), together with copies of tax certificates and all recorded documents referenced therein (the “Commitment”). Pursuant to the Commitment, the Title Company will agree to issue to Purchaser an owner’s policy insuring all of the real property interests to be acquired by Purchaser in the amount of the purchase price, without exception for any matters other than current taxes and assessments, easements, rights of way, covenants, conditions, restrictions, reservations, agreements and other matters of record, as shown in the Commitment and approved by Purchaser as a Permitted Exception (the “Policy”). The Commitment will affirmatively provide for the deletion, at Seller’s sole expense, of all standard printed exceptions to the extent that the Title Company will agree to delete such exceptions after review of all information provided by Seller. Purchaser shall have until the date which is 10 days from the date of actual receipt of both the Commitment and the Survey by Purchaser (the “Title Inspection Period”) in which to examine the Commitment and Survey and to give written notice to Seller of Purchaser’s objection to any matter contained therein which Purchaser finds objectionable. Seller shall have 10 days from the actual receipt of such notice of title objection to elect either to: (i) cure some or all of the objections or defects so specified; or
Preliminary Title Commitment. The title commitment must commit to issuing
Preliminary Title Commitment. Seller’s most recent existing title policy covering the Total Development (the “Existing Policy”), which Purchaser acknowledges and agrees insures both the Real Property and the Seller Retained Property. Promptly upon receipt by Seller, but in no event more than ten (10) days after the Effective Date, Seller shall provide to Purchaser the Title Commitment in accordance with Section 1.1 of this Agreement.
Preliminary Title Commitment. Purchaser, at Purchaser’s sole cost and expense, has caused the Texas American Title Company, (“Title Company”) to issue a preliminary title report (the “Title Commitment”) accompanied by copies of all recorded documents relating to easements, rights-of-way, etc., affecting the Property. In the event that title to the property is not satisfactory to Purchaser, after notice of such unsatisfactory condition Seller shall provide Purchaser with any assistance reasonably requested as necessary to eliminate or modify such matters.
Preliminary Title Commitment. Seller authorizes Lender and both Agent and Closing Agent to immediately apply for at Seller's expense and deliver to Buyer a preliminary commitment for a (check one) [ ] standard [X] extended (standard, if not completed) coverage owner's policy of title insurance issued by TRANSNATION Title Insurance Company, together with copies of all underlying exceptions described in the preliminary commitment. IF AN EXTENDED COVERAGE OWNER'S POLICY IS SPECIFIED, BUYER SHALL PAY THE INCREASED COSTS ASSOCIATED WITH THAT POLICY INCLUDING THE EXCESS PREMIUM OVER THAT CHARGED FOR A STANDARD COVERAGE POLICY AND THE COST OF ANY SURVEY REQUIRED BY THE TITLE INSURER.
Preliminary Title Commitment. Within a reasonable time after the execution of this Agreement, SELLER shall furnish to BUYER a preliminary title commitment for an ALTA Standard Coverage Owners Title Insurance Policy in an amount equal to the Purchase Price. Should BUYER’s examination (at BUYER’s expense) of the preliminary title commitment disclose title irregularities that are unacceptable to BUYER, BUYER shall then deliver written notice of such irregularities to SELLER on or before thirty (30) days after the preliminary title commitment has been made available to BUYER. If, on the Closing Date, SELLER has been unable to cure or remove any such title irregularities specified in the written notice, then this Agreement may be rescinded at the option of either party hereto, by written notice to the other party. In the event of termination under this Section 5, all fees or expenses shall be the responsibility of the party incurring them.