Title at Closing. At Closing, the Land shall be free and clear of all liens, covenants, restrictions, easements and other title exceptions or objections except for the Permitted Exceptions. Title to the Land at Closing shall be good and marketable and insured by the Title Company with such endorsements as Acquiror shall reasonably require.
Title at Closing. At the Closing, the state of title to each Parcel shall be such that the title company issuing the Commitment for that Parcel shall be prepared to and shall issue a title policy on the form mandated by Subsection (e)(i) above, insuring the interest of Xxxxxxxx (and its relevant designee) in that Parcel as a valid fee simple interest, (A) subject only to the Permitted Exceptions, (B) having deleted therefrom the standard exceptions for parties in possession, survey, rights of way and easements not of record and mechanics and materialmans liens, (C) insuring that the Parcel as described in the policy is the same property as is described in the Survey for that Parcel identified on Exhibit A attached --------- hereto, (D) insuring the contiguity of the Parcel if the Parcel consists of more than one tract or lot, and (E) insuring direct and unencumbered pedestrian and vehicular access to the Parcel from each street or roadway adjacent to the Parcel. In the event the actual state of title to each Parcel is not as described above, the Closing regarding that Parcel shall not occur absent the prior written consent of Xxxxxxxx.
Title at Closing. At the Closing, the state of title to each Parcel shall be such that the title company issuing the Commitment for that Parcel shall be prepared to and shall issue a title policy on the form mandated by Section 6.4(a), insuring the interest of the Xxxxx Party(ies) having an interest in that Parcel as a valid fee simple interest, (i) subject only to the Permitted Exceptions, (ii) having deleted therefrom the standard exceptions for parties in possession, survey, rights of way and easements not of record and mechanics and materialmans liens (iii) insuring that the Parcel as described in the policy is the same property as is described in the Survey for that Parcel,
Title at Closing. At Closing, the Title Commitment, as approved by Buyer, shall be modified as provided in Section 6.08(b) and Section 6.08(c) above to show title to the Amarillo Owned Real Property vested in Buyer, and to update the effective date of the Title Commitment to the Closing Date, and, at Seller’s expense, the Title Company must issue the Title Policy at Closing in form and content consistent with the Title Commitment approved by Buyer through the recording date of the documents conveying the Acquired Real Property to Buyer.
Title at Closing. Purchaser shall have up to and including the day which is ten (10) days following receipt of the Title Commitment to object to any exception tot title shown therein. Any matter not so objected to in writing within such time period shall be deemed waived by Purchaser. With regard to any exception to title properly objected to by Purchaser, Seller shall have until the end of the Feasibility Period to remove such title exception. In the absence of timely removal or timely express written waiver by Purchaser of such exception, this Purchase Contract shall automatically terminate, in which event the parties hereto shall have no further obligations to each other and Purchaser shall be entitled to a full refund of the Deposit. 6.8
Title at Closing. At the Closing, the state of title to each Parcel shall be such that the title company issuing the Commitment for that Parcel shall be prepared to and shall issue a title policy on the form mandated by Section 6.4(a), insuring the interest of the Xxxxx as a valid fee simple interest, (i) subject only to the Permitted Exceptions, (ii) having deleted therefrom the standard exceptions for parties in possession, survey, rights of way and easements not of record and mechanics and materialmans liens, (iii) insuring that the Parcel as described in the policy is the same property as is described in the Survey for that Parcel, (iv) insuring the contiguity of the Parcel if the Parcel consists of more than one tract or lot, and (v) insuring direct and unencumbered pedestrian and vehicular access to the Parcel from each street or roadway adjacent to the Parcel.
Title at Closing. Owner shall convey to Option-Holder good and marketable fee simple title of record to the Option Property, which is insurable as such at regular rates by Option-Holder’s designated title company, which shall be a reputable title insurance company selected by Option-Holder as is authorized to do business in the Commonwealth of Pennsylvania (“Title Company”). Title shall be subject only to the Permitted Title Exceptions which shall include, for purposes of this Agreement (1) all matters identified on Exhibit “B” attached hereto, (2) all easements and amendments to Covenants (as defined in the Lease) granted in accordance with Section 48(a) of the Lease, and (3) all matters determined in accordance with subsections b., c. and d. below.
Title at Closing. At the Closing, the state of title to the Talbot Property shall be such that the title company issuing the Commitment for that Property shall be prepared to and shall issue a title policy on the form mandated herein, insuring the interest of the applicable member of The Xxxx Group of Companies owning such Property as a valid fee simple interest, (i) subject only to the Permitted Exceptions, (ii) having deleted therefrom the standard exceptions for parties in possession, survey, rights of way and easements not of record and mechanics and materialman's liens (iii) insuring that the Property as described in the policy is the same property as is described in the Survey for the Talbot Property, (iv) insuring the contiguity of the Property if the Property consists of more than one tract or lot and (v) insuring direct and unencumbered pedestrian and vehicular access to the Talbot Property from each street or roadway adjacent to the Property. Lien and Litigation Searches. Buyer and Matrix may (in their discretion) obtain, at their cost and expense, a Uniform Commercial Code security interest search report, a tax lien search report and a litigation search report, showing that there are no Encumbrances against the assets, properties or rights of The Xxxx Group of Companies, other than those disclosed on Schedule0and no litigation, except as disclosed on Schedule0.
Title at Closing. At the Closing, the Seller shall deliver and Buyer shall accept title to the Property and consummate the transaction contemplated by this Agreement subject to (a) title exceptions created by Xxxxx, and (b) the Permitted Title Exceptions. As a condition to Buyer’s obligations under this Agreement, the title company shall issue to Buyer an ALTA owner’s title insurance policy with coverage in an amount not less than the Purchase Price, which title policy may consist of a marked title commitment, insuring as of the closing date that title to the Property is vested in Buyer as of the date of recording of the deed, subject only to the Permitted Title Exceptions and title exceptions created by Buyer, which title insurance policy shall be effective as of the closing date. Seller shall be responsible to pay the premiums charged by the title company for the title policy, including the cost of those endorsements required to cure title exceptions that Seller has agreed to insure over, and Buyer shall be responsible to pay the premiums charged for all other endorsements to the title policy requested by Xxxxx or Buyer’s lender. The Seller and Xxxxx shall deliver to the title company all affidavits and undertakings reasonably requested by the title company for the issuance of the title policy.
Title at Closing. If on the Closing Date, the state of title is other than in accordance with the requirements set forth in this Purchase Contract or if any condition to be fulfilled by Seller shall not be satisfied, Purchaser shall provide Seller with Notice thereof at such time, or such title objection or unfulfilled condition shall be deemed waived by Purchaser in which case Purchaser and Seller shall proceed to consummate the Closing on the Closing Date. If Purchaser timely gives Seller such Notice, Seller shall have ten (10) days to cure such objection or unfulfilled condition.
