Preliminary Title Commitment. Within ten (10) business days after the Effective Date, Seller shall furnish to Purchaser, at Seller’s expense, a current commitment (the "Master Commitment") for an ALTA Title Policy (“Title Policy”) for the Property issued by Land Title Guarantee Company ("Title Company") and underwritten by 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 contains any exceptions from coverage which are unacceptable to Purchaser, then Purchaser shall object to the condition of the Master Commitment in writing within forty-five (45) days of Purchaser’s receipt of the 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 ten (10) days 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 Deposit shall be promptly returned to Purchaser, Purchaser shall return to Seller all information and materials received by Purchaser from Seller 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 above-referenced 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 its objections to any title matter that Seller has failed or elected not to cure. Seller shall release any monetary lien caused or created by Seller against the Property with respect to that portion of the Property to be acquired at a particular Closi...
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 fifteen (15) days after the Effective Date, Seller A and Seller B shall provide Buyer with current preliminary commitments for owner's title insurance with extended coverage (ALTA Form 1970-B, as revised in 1984, or if unavailable, Form B-1987) issued by Chicago Title Insurance Company, with copies of all documents listed as exceptions set forth therein for their respective Properties.
Preliminary Title Commitment. 56 (k) Environmental Assessment..................................................56 (l) Environmental Questionnaire...............................................57 (m) Soils Tests...............................................................57 (n)
Preliminary Title Commitment. In connection with the Properties, Buyer has received and reviewed each of the four (4) following title commitments, copies of which are attached hereto as Exhibit "F," each issued by the Title Company, and a copy of all of the underlying documents referenced therein (collectively, the "Commitments"): (i) dated August 25, 1998 (Commitment No. 198379RB), (ii) dated September 3, 1998 (Commitment No. 9827135-53), (iii) dated September 3, 1998 (Commitment No. 9827136-53), and (iv) dated September 3, 1998 (Commitment No. 98277137-53). Buyer hereby approves the exceptions to title that are shown on each of the Commitments attached hereto as Exhibit "F" but have not been crossed-out in the attached xxxx-ups of the Commitments; provided, however, that notwithstanding (a) the tax exceptions set forth in item number 1 of Schedule B, Section 1 of each of Commitment Nos. 9827135-53, 9827136-53 and 98277137-53, and item number 5 of Commitment No. 198379RB, taxes shall be pro-rated between Buyer and Seller in accordance with Section 3.13.1, and (b) the delinquent sewer service charges set forth in item number 6 of Commitment No. 198379RB, sewer charges shall be pro-rated between Buyer and Seller in accordance with Section 3.13.4.
Preliminary Title Commitment. Within five (5) days after the Effective Date, Seller shall provide Buyer with a current preliminary commitment for owner's title insurance with extended coverage (ALTA Form 1970-B, as revised in 1984, or if unavailable, Form B-1987) issued by First American Title Insurance Company, with copies of all documents listed as exceptions set forth therein.
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. The title commitment must commit to issuing the final policy to the “United States of America, by and through the Secretary of Agriculture” using the 1991 ALTA X.X. Xxxxxx forms.
