Common use of Title Binder Clause in Contracts

Title Binder. Survey. A title insurance policy (marked title policy commitment) issued by a reputable title insurance company in an amount not less than the portion of the Purchase Price allocated to the Real Property with the costs of such title insurance to be borne by Purchaser, and a survey of the Land on which the Facility is located with the cost of such survey to be borne by Purchaser;

Title Binder. Survey. A title insurance policy for each of the Facilities (or marked title policy commitment) issued by a reputable title insurance company in an amount not less than the portion of the Purchase Price allocated to the Real Property with the costs of such title insurance to be borne 50% each by Seller and Purchaser, and a survey of the Land on which each of the Facility Facilities is located with the cost costs of such survey surveys to be borne 50% each by PurchaserPurchaser and Seller;