Common use of Title Policies Clause in Contracts

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 each applicable Seller, a policy of title insurance with respect to each Property, insuring good and indefeasible title to such Property vested in Buyer as of the Closing Date in the amount of the applicable Allocated Purchase Price, subject to such matters of record or apparent as Buyer and Title Company may agree (each, a “Title Policy”) and including such endorsements thereto as Buyer may request and Title Company agrees to issue (the “Title Endorsements”). The cost of each Title Policy and all Title Endorsements thereto shall be borne by the parties as provided in Section 6.6 below.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Emeritus Corp\wa\), Purchase and Sale Agreement (Emeritus Corp\wa\), Purchase and Sale Agreement (Emeritus Corp\wa\)

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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 each applicable Seller, a policy of title insurance with respect to each the Property, insuring good and indefeasible title to such the Property vested in Buyer as of the Closing Date in the amount of the applicable Allocated Purchase Price, subject to such matters of record or apparent as Buyer and Title Company may agree (each, a “Title Policy”) and including such endorsements thereto as Buyer may request and Title Company agrees to issue (the “Title Endorsements”). The cost of each any Title Policy and all Title Endorsements thereto shall be borne by the parties as provided in Section 6.6 below.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Emeritus Corp\wa\), Purchase and Sale Agreement (Emeritus Corp\wa\), Purchase and Sale Agreement (Emeritus Corp\wa\)

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 each applicable Seller, a policy of title insurance with respect to each Property, insuring good and indefeasible title to such Property vested in Buyer as of the Closing Date in the amount of the applicable Allocated Purchase Price, subject to such matters of record or apparent as Buyer and Title Company may agree (each, a “Title Policy”) and including such endorsements thereto as Buyer may request and Title Company agrees to issue (the “Title Endorsements”). The cost of each Title Policy and all Title Endorsements thereto shall be borne by the parties as provided in Section 6.6 below.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Emeritus Corp\wa\), Purchase and Sale Agreement (Emeritus Corp\wa\)

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Title Policies. At the Close of Escrow, but not as a condition thereto, Buyer Buyers shall be entitled to request and obtain from Title Company if so requested by BuyerCompany, with a copy to be delivered to each applicable SellerSeller if so requested by Sellers, a policy of title insurance with respect to each Property, insuring good and indefeasible marketable title to such Property (or such title insurance as may be available in the state where such Property is located) vested in the applicable Buyer as of the Closing Date in an amount equal to the amount of the applicable Allocated Purchase PricePrice for such Property, subject to such matters of record or apparent as Buyer and Title Company may agree Permitted Exceptions (each, a “Title Policy”) and including such endorsements thereto as Buyer Buyers may request and Title Company agrees to issue (the “Title Endorsements”). The cost of each Title Policy and all Title Endorsements thereto shall be borne by the parties Buyers and Sellers as provided in Section 6.6 below.

Appears in 1 contract

Samples: Purchase and Sale Agreement and Joint Escrow Instructions (Assisted Living Concepts Inc)

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