Title Insurance Commitments. Following the date of this Agreement, Buyer shall be entitled to obtain, at Buyer’s cost, commitments of title insurance (the “Title Commitments”) issued by a nationally-recognized title insurance company (the “Title Company”), and photocopies of all recorded items described as exceptions therein, committing to insure fee simple or leasehold title, as the case may be, in each parcel of the Real Property owned or leased by Seller, in Buyer. Buyer shall notify Seller within twenty (20) days of its receipt of each Title Commitment of any Encumbrance or other matter affecting fee simple or leasehold title to the parcel of Real Property which is the subject of such Title Commitment which, in the sole determination of Buyer, is not acceptable to Buyer and is not otherwise a Permitted Encumbrance (each a “Title Defect”). Within ten (10) days of its receipt of Buyer’s notice of Title Defects, Seller shall deliver to Buyer notice of Seller’s election either (a) that Seller will use its commercially reasonable efforts to cure each such Title Defect at or prior to Closing or (b) that Seller is unable or unwilling to cure each such Title Defect at or prior to Closing. If Seller elects pursuant to clause (a) above to use its commercially reasonable efforts to cure each Title Defect raised by Buyer, Seller shall use its commercially reasonable efforts to cure each such Title Defect at or prior to the Closing such that no Title Defect shall appear as an exception in the applicable Title Policy or Title Policies.
Title Insurance Commitments. Lender shall have received for the Premises a preliminary title report and irrevocable commitment to insure title in the amount of the Loan, by means of a mortgagee’s, ALTA extended coverage policy of title insurance (or its equivalent, in the event such form is not issued in the jurisdiction where the Premises is located) issued by Title Company showing Borrower vested with good and marketable fee title in the real property comprising such Premises, committing to insure Lender’s first priority lien upon and security interest in such real property subject only to Permitted Exceptions, and containing such endorsements as Lender may reasonably require.
Title Insurance Commitments. Lender shall have received for each of the Premises a preliminary title report and irrevocable commitment to insure title in the amount of the Loan relating to such Premises, by means of a mortgagee's, ALTA extended coverage policy of title insurance (or its equivalent in the jurisdiction in which the Premises are located), in the event such form is not issued in the jurisdiction where the Premises is located) issued by Title Company showing Borrower vested with good and marketable fee title in the real property comprising such Premises, committing to insure Lender's first priority lien upon and security interest in such real property subject only to Permitted Exceptions, and containing such endorsements as Lender may require.
Title Insurance Commitments. American Land Title Association (“ALTA”) mortgagee’s title insurance commitments to be issued by the Title Insurance Company on the Properties in such form as is acceptable to Lender.
Title Insurance Commitments. The Tower Operator or any Sale Site Subsidiary, at its sole cost and expense, may purchase upon the occurrence of the Initial Closing or any subsequent Closing, as applicable, fee title, leasehold or leasehold lender’s title insurance policies (the “Title Policies”), but the AT&T Contributors shall not be required to execute any affidavits, indemnities or other documentation in connection therewith. Obtaining Title Policies for any of the Sites shall not be a condition to the occurrence of the applicable Closing. The Tower Operator and the Sale Site Subsidiaries shall instruct any Title Company that is preparing title reports or commitments for the Tower Operator to deliver copies thereof to the AT&T Contributors at the same time it delivers such reports or commitments to the Tower Operator and the Sale Site Subsidiaries.
Title Insurance Commitments. The commitments of title insurance issued by Title Company and provided by Sellers to Buyer with respect to each parcel comprising the Land prior to the execution of this Agreement. Each of the Title Commitments is at times herein referred to as a “Title Commitment.”
Title Insurance Commitments. Prior to the execution of this Agreement, Sellers shall have obtained the Title Insurance Commitments and delivered the same to Buyer. Buyer hereby acknowledges that Buyer has approved the Title Commitments and has accepted the Title Insurance Commitments as so delivered to Buyer as evidence of the status of Sellers' title to the Hotels and Land. If requested by Buyer, Seller will provide policies of coinsurance provided that any incremental costs therefore shall be paid by the Buyer as contemplated in Section 12.03(b)(3) hereof.
Title Insurance Commitments. From and after the date of this Agreement, Parent shall deliver or cause to be delivered to Purchaser (at Purchaser's expense) title insurance commitments (collectively, the "Title Commitments") issued by First American Title Insurance Company or another nationally recognized title insurance company (the "Title Company") for all of the real property owned or leased by Target or any Target Subsidiary and reflected on the consolidated statement of financial condition of Target on December 31, 1998, which title commitments shall (a) confirm that Target or a Target Subsidiary, as applicable, owns fee title (or leasehold title in the case of the so-called Shopping Center Branch, Newport Road, New London, New Hampshire) in and to the real property free of material encumbrances, Liens and other title imperfections which would prevent transfer of such premises or use of such premises for banking operations, subject to the provisions of Schedule 4.24; (b) commit the Title Company, on the Closing Date, to issue to Purchaser or its designee, at commercially reasonable rates, an owner's (or leasehold, as the case may be) policy of title insurance for each such parcel of real property in an amount equal to the portion of the Purchase Price allocated to the same; and (c) Parent will cause the Title Insurance Policy on the 00 Xxxxx Xxxx Xxxxxx, Xxxxxxx, Xxx Xxxxxxxxx, property to be transferred to 00 Xxxxx Xxxx Xxxxxx Corp.
Title Insurance Commitments. The Seller will use its commercially reasonable efforts to obtain and cause to be delivered to the Buyer prior to the Closing an ALTA (or equivalent) title insurance commitment with respect to each of the Brillion, Cedar Grove and Ft. Atkixxxx, Xxsconsin Owned Premises and a certificate of a Governmental Entity of Mexico regarding liens with respect to the Mexican Premises.
Title Insurance Commitments. Buyer, in its sole discretion, may elect to obtain title insurance with respect to any or all real estate that any of the Companies owns or leases as listed on the Disclosure Schedules delivered in connection with this Agreement (the "Title Insurance Property"). If Buyer elects to obtain such title insurance, it shall notify Sellers in writing on or before August 29, 1997, and Sellers will cause the Companies to obtain and deliver to Buyer (at Buyer's expense), as soon as practicable, and in any event on or before September 15, 1997, commitments for title insurance ("Title Commitments") issued by title insurance company(ies) reasonably acceptable to Buyer with respect to the Title Insurance Property, Surveys (defined below) of the Title Insurance Property prepared by surveyors reasonably acceptable to the Buyer and one set of legible copies of title exception documents with respect to any exceptions set forth in the commitments. The Title Commitments shall set forth the status of title to the Title Insurance Property together with all exceptions or conditions to such title, including, but not limited to, all easements, CSI Purchase and Sale Agreement/Page 20 27 restrictions, rights-of-way, covenants, reservations and all other encumbrances affecting the Title Insurance Property which would appear in an Owner's Policy of Title Insurance (as defined below), if issued (such matters, "Title Commitments Exceptions"). The Title Commitments shall contain the express commitment of the title underwriter to issue the Owner's Policies of Title Insurance to the Companies with the standard printed exceptions endorsed or deleted in accordance with this Section 4.9.
