Title Policy. Seller shall furnish to Buyer at ❑ Seller’s ❑ Xxxxx’s expense an owner policy of title insurance (Title Policy) issued by (Title Company) in the amount of the Sales Price, dated at or after closing, insuring Buyer against loss under the provisions of the Title Policy, subject to the promulgated exclusions (including existing building and zoning ordinances) and the following exceptions:
Title Policy. The Title Company shall be prepared to issue, upon payment of the title premium at its regular rates, a title policy in the amount of the Purchase Price, insuring title to the Property is vested in the Purchaser or its designee or assignee, subject only to the Permitted Exceptions, with such endorsements as shall be reasonably required by the Purchaser.
Title Policy. With respect to each parcel of Mortgaged Property, an ALTA standard form title insurance policy (or, if such form is not available, an equivalent, legally promulgated form of mortgagee title insurance policy reasonably acceptable to the Agent) issued by a Title Insurance Company (with such reinsurance as the Agent may reasonably require, any such reinsurance to be with direct access endorsements to the extent available under applicable law) in an amount as the Agent may reasonably require based upon the fair market value of the applicable Mortgaged Property insuring the priority of the Mortgage thereon and that the Borrower or a Subsidiary Guarantor, as applicable, holds marketable or indefeasible (with respect to Texas) fee simple title or a valid and subsisting leasehold interest to such parcel, subject only to the encumbrances acceptable to Agent in its reasonable discretion and which shall not contain standard exceptions for mechanics liens, persons in occupancy (other than tenants as tenants only under Leases) or matters which would be shown by a survey, shall not insure over any matter except to the extent that any such affirmative insurance is acceptable to the Agent in its reasonable discretion, and shall contain (a) a revolving credit endorsement and (b) such other endorsements and affirmative insurance as the Agent may reasonably require and is available in the State in which the Mortgaged Property is located, including but not limited to (i) a comprehensive endorsement, (ii) a variable rate of interest endorsement, (iii) a usury endorsement, (iv) a doing business endorsement, (v) an ALTA form 3.1 zoning endorsement, (vi) a “tie-in” endorsement relating to all Title Policies issued by such Title Insurance Company in respect of other Mortgaged Property, (vii) “first loss” and “last dollar” endorsements, and (viii) a utility location endorsement.
Title Policy. Mortgagee's title insurance in a form and substance satisfactory to the City and from a title insurance company acceptable to the City.
Title Policy. Purchaser shall receive from Seller a commitment for the issuance of an Owner's Policy of Title Insurance (the "Title Commitment") issued by First American Title Company (the "Title Company"), together with copies of all documents constituting exceptions to Seller's title as reflected in the Title Commitment. Purchaser shall have until on or before the expiration of the Inspection Period (hereinafter defined) to review the Title Commitment and the documents referred to therein and to deliver to Seller in writing such objections as Purchaser may have to anything contained or set forth in the Title Commitment. Any item to which Purchaser does not object prior to the expiration of the Inspection Period shall be deemed to be a "Permitted Exception" (herein so called). As to items to which Purchaser make objections, Seller may elect, in its sole discretion, to cure such objections. In the event Seller elects not to cure such matters prior to the Closing, Seller will notify Purchaser of such election and Purchaser shall have the right, within FIVE (5) days after Seller's notice, to either (i) terminate the Contract, in which event it shall receive a full refund of the Earnest Money, and xx xxxty hereto shall have any further rights hereunder except for Purchaser's liability pursuant to Article 6 hereof, or (ii) waive such title matters, without any reduction in the Purchase Price, and proceed to the Closing, whereupon such waived title matters shall also be deemed "Permitted Exceptions". In the event Seller elects to cure such objections and Seller is unable to cure same by the Closing, then Seller may unilaterally extend the Closing for a period of time thereafter in order to cure same, but in no event shall the Closing be extended for more than THIRTY (30) days after the originally scheduled date (as same shall be amended pursuant to the terms of this Contract). If cure is unable to be effected within such extended sixty-day period, then this contract shall terminate and the Earnest Money shalx xx xxturned to Purchaser and neither party shall have any further liability to the other except under Article 5 below.
Title Policy. On the Closing Date, the Title Company shall be unconditionally obligated and prepared, subject to the payment of the applicable title insurance premium and other related charges, to issue to Buyer the Title Policy in accordance with the requirements of Section 3.2.
Title Policy. (1) Seller, at Seller's expense, will furnish Buyer an Owners Policy of Title Insurance (the "Title Policy") issued by Title Company in the amount of the Sales Price, dated at or after closing, insuring Buyer against loss under the Title Policy, subject only to those title exceptions present on the Commitment (as defined in Paragraph 6.A.(3) below.
Title Policy. The Title Company shall issue (or shall be prepared and irrevocably and unconditionally committed to issue) the Title Policy as described in Section 5.3;
