Common use of Title Commitment and Policy Clause in Contracts

Title Commitment and Policy. Grantor shall instruct the Title Company to prepare a title commitment for the Property and deliver it for Grantee’s review within seven (7) days after the Effective Date, at ▇▇▇▇▇▇▇’s expense. Prior to closing, Grantee shall have the right to review the title commitment and approve or disapprove those items which may affect the title of the Property. Grantor shall use reasonable efforts to cooperate with the Title Company to correct condition(s) that adversely affect the Property as determined by Grantee. Both parties agree to extend the closing for Grantor to make corrections on title defects, conditions, requirements and/or exceptions (recorded and/or unrecorded) or known to Grantor. Grantor has the sole discretion to correct title matters to ▇▇▇▇▇▇▇'s satisfaction. If Grantee is not satisfied with ▇▇▇▇▇▇▇'s actions, this Agreement may be terminated and the parties will have no further obligations to each other under this Agreement. Closing is contingent on ▇▇▇▇▇▇▇’s satisfaction with the condition of title to the Property prior to closing.

Title Commitment and Policy. Grantor shall instruct the Title Company to prepare a title commitment for the Property and deliver it for Grantee’s review within seven (7) days after the Effective Date, at ▇▇▇▇▇▇▇Grantee’s expense. Prior to closing, Grantee shall have the right to review the title commitment and approve or disapprove those items which may affect the title of the Property. Grantor shall use reasonable efforts to cooperate with the Title Company to correct condition(s) that adversely affect the Property as determined by Grantee. Both parties agree to extend the closing for Grantor to make corrections on title defects, conditions, requirements and/or exceptions (recorded and/or unrecorded) or known to Grantor. Grantor has the sole discretion to correct title matters to ▇▇▇▇▇▇▇Grantee's satisfaction. If Grantee is not satisfied with ▇▇▇▇▇▇▇Grantor's actions, this Agreement may be terminated and the parties will have no further obligations to each other under this Agreement. Closing is contingent on ▇▇▇▇▇▇▇Grantee’s satisfaction with the condition of title to the Property prior to closing.