Title Coverage Clause Samples
Title Coverage. The Administrative Agent shall have received, together with title information previously delivered to the Administrative Agent, satisfactory title information on at least 80% of the total value of the proved Oil and Gas Properties of the Borrower and the Subsidiaries evaluated in the most recently delivered Reserve Report.
Title Coverage. Buyer may elect to obtain ALTA title insurance coverage, rather than the CLTA Title Policy described in Section 4.2, subject to the following conditions:
(a) Provision of such coverage shall not delay the Close of Escrow;
(b) Buyer shall pay all additional costs of obtaining such coverage, including the cost of any required survey;
(c) Buyer shall obtain and deliver to the Title Insurer any required survey and order the Title Insurer's inspection of the Property a sufficient time in advance so that any additional exceptions resulting from the Title Insurer's review of the survey and inspection will be reviewed and approved or disapproved by Buyer in the manner and prior to the PR Approval Deadline set forth in Section 4.1(c); and
(d) Seller shall have the option (but not the obligation) to cure any such disapproved exceptions as described in Section 4.1(e) and (f).
Title Coverage. 1.1.1 This part of this Agreement will be known as the Sydney Ports Corporation Enterprise Agreement 2004 - 2007: Part 2.
1.1.2 Part 2 of the Agreement covers: Existing and new employees on MO Levels 1 to 7. Port Officers 1 and 2.