Title Policies Sample Clauses

Title Policies. On or before the Closing Date, Lender shall have received and approved pro forma Title Policies for the Mortgages, and as of the Closing, each Title Company shall be irrevocably committed and prepared immediately to issue the Title Policies or binding commitments. The Title Policies shall be in form and substance satisfactory to Lender. Without limitation, each Title Policy shall be issued on an ALTA form acceptable to Lender by each Title Company or if an ALTA form is not available in the applicable jurisdiction, another form acceptable to Lender, together with such reinsurance and direct access agreements as Lender may require, insuring that the Mortgages are valid first and prior enforceable liens on each Borrower's fee simple interest or ground leasehold interest, as the case may be, in the applicable Property (including any easements appurtenant thereto) subject only to such exceptions to coverage as are acceptable to Lender, including the Permitted Exceptions. Each Title Policy shall contain such endorsements as Lender may require (to the extent available in the state where the Properties is located) in form acceptable to Lender, including deletion of the creditors' rights exception and affirmative endorsement coverage for creditors' rights risks.
Title Policies. In accordance with the Escrow Agreement, it shall deliver or cause the delivery of the Title Policies (as defined in the Escrow Agreement) within 90 days of the Closing Date and each Transfer Date, as applicable.
Title Policies. Section 5.14
Title Policies. Acquirer shall have received updated title policies for the Property as of the Closing Date satisfactory to the Acquirer.
Title Policies. At the Close of Escrow, but not as a condition thereto, Buyer shall be entitled to request and obtain from Title Company if so requested by Buyer, with a copy to be delivered to Seller, a policy of title insurance with respect to the Property, insuring good and indefeasible title to the Property vested in Buyer as of the Closing Date in the amount of the Purchase Price, subject to such matters of record or apparent as Buyer and Title Company may agree (a “Title Policy”) and including such endorsements thereto as Buyer may request and Title Company agrees to issue (the “Title Endorsements”). The cost of any Title Policy and all Title Endorsements thereto shall be borne by the parties as provided in Section 6.6 below.
Title Policies. (a) At Closing, Purchaser may, at its sole cost and expense (and without any adjustment to the Purchase Price), obtain from a nationally recognized title insurance company selected by Purchaser and reasonably acceptable to Sellers (the Title Company) an ALTA extended coverage Owner’s Policy of Title Insurance with respect to the fee interest in the Owned Properties, and such title insurance policy shall: (i) include such endorsements as Purchaser may require or are otherwise customary in the state or province in which the applicable Owned Property is located, (ii) show the Purchaser as the named insured with title to the Owned Property, and (iii) include as “title exceptions” (or sometimes referred to as a so-called “Schedule B” or “Schedule B-2” title objections) only (A) Permitted Encumbrances, (B) real property taxes and special assessments not yet due and payable; (C) any exceptions or other title objections to the extent arising solely from Purchaser’s actions, including without limitation Purchaser’s due diligence investigations; and (D) any matters that an accurate survey would show (sometimes referred to as the survey exception) (collectively, the Title Policies); provided that, and for the avoidance of any doubt, (1) the Parties agree that Purchaser’s receipt of Title Policies shall not be a closing condition to Purchaser’s obligation to complete the transactions contemplated by this Agreement; (2) even if Purchaser shall not be able to obtain any one or more Title Policies at Closing, Purchaser may not use such inability to obtain any such Title Policy to delay, postpone or excuse Purchaser’s obligation to perform its obligations under this Agreement, or entitle Purchaser to any right to terminate this Agreement or any adjustment to the Purchase Price otherwise due hereunder; (3) all costs, expenses and liability with respect to such Title Policies shall be borne by Purchaser; and (4) Purchaser acknowledges that its ability to obtain any so-called non-imputation endorsement to any Title Policy requires special underwriting requirements and significant increase in premiums, and Sellers make no representation or warranty about Purchaser’s ability to obtain any such endorsement.
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Title Policies. Buyer shall have received title policies (the cost of which is to be borne by Buyer), each in form and from a title insurance company satisfactory to Buyer, for each of the title commitments to be obtained and delivered pursuant to Section 5.13(a); and
Title Policies. (a) Purchaser has previously been provided by Seller, at its own expense, a preliminary title report (the "Title Reports") for all the Owned Real Property issued by Chicago Title Company (the "Title Company"), Purchaser has had an opportunity to review such Title Reports and Purchaser hereby approves the condition of title with respect to all the Owned Real Property being purchased hereunder.
Title Policies. The Title Policies, issued by the Title Company, in the form required by this Agreement; provided that in the event the Title Policies are not available at Closing, then the Title Company shall provide Purchaser at Closing, at Purchaser’s option, with either (i) a “marked title commitmentwith respect to each self storage facility comprising the Property, committing to issue the Title Policies in the form required by this Agreement, or (ii) a proforma owner’s title policy with respect to each self storage facility comprising the Property, in the form required by this Agreement, with the Title Policies to be delivered to Purchaser as promptly after Closing as reasonably possible.
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