Common use of Title Insurance Commitment Clause in Contracts

Title Insurance Commitment. Within ten (10) days after execution and acceptance of this Agreement by Seller, Seller shall deliver or cause to be delivered to Purchaser a title insurance commitment (the "Title Commitment", Exhibit B) issued by North American Title Company ("Title Company") together with copies of all recorded exceptions to title referred to therein (collectively with the Title Commitment, the "Title Documents"), showing merchantable title to the Property to be vested in Seller and committing to insure such title to the Property in Purchaser or Purchaser's agreed assignees or designees by the issuance as of the Closing date hereunder of its standard form owner's policy of title insurance in the amount of the Purchase Price, deleting there from the pre-printed Standard Exceptions and containing only such other exceptions as are not objected to by Purchaser as otherwise provided in this Agreement. Purchaser shall be entitled to review the Title Documents as part of its investigations hereunder, as further set forth herein.