Title Policy and Survey. A. TITLE POLICY: Seller shall furnish to Buyer at Seller’s Buyer’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:
(1) Restrictive covenants common to the platted subdivision in which the Property is located.
(2) The standard printed exception for standby fees, taxes and assessments.
(3) Liens created as part of the financing described in Paragraph 3.
(4) Utility easements created by the dedication deed or plat of the subdivision in which the Property is located.
(5) Reservations or exceptions otherwise permitted by this contract or as may be approved by Xxxxx in writing.
(6) The standard printed exception as to marital rights.
(7) The standard printed exception as to waters, tidelands, beaches, streams, and related matters.
(8) The standard printed exception as to discrepancies, conflicts, shortages in area or boundary lines, encroachments or protrusions, or overlapping improvements:
(i) will not be amended or deleted from the title policy; or
(ii) will be amended to read, "shortages in area" at the expense of Buyer Seller.
(9) The exception or exclusion regarding minerals approved by the Texas Department of Insurance.
Title Policy and Survey. Within thirty (30) days after the Effective Date, Seller, at its expense, shall furnish Purchaser with a preliminary binder of title insurance ("Title Commitments") from Lawyers Title Insurance Corporation and/or its authorized agents (the "Title Company") agreeing to insure title to each Facility in the name of Purchaser in the full amount of the Purchase Price allocated to the Land and Facilities as set forth in Schedule 2.1.
1. Such preliminary title insurance binders shall be issued in the most recently approved ALTA form without exception, other than Permitted Exceptions. The acceptability of title to each of the Premises shall be determined by Purchaser, in its discretion, within the later to occur of: (i) twenty (20) days after receipt of both the Title Commitments and the Surveys, as hereinafter described, for the Premises, or (ii) the expiration of the Inspection Period. If any exceptions other than Permitted Exceptions are not cured by Seller within twenty (20) days after receipt of notice thereof from Purchaser, or thereafter waived by Purchaser, Purchaser may terminate this Agreement. In the event Purchaser does not elect to terminate this Agreement, Purchaser and Seller shall proceed with Closing, and the cost of curing title shall be offset against the Purchase Price. The Title Commitments shall be attached hereto as Schedule 5. At Closing, the Title Company shall issue Owner's Policies of Title Insurance to Purchaser insuring Purchaser's fees simple title to the each of the Premises free and clear of all matters other than the Permitted Exceptions and deleting all standard exceptions. In connection therewith, on or before Closing, Seller agrees to execute and deliver to the Title Company all necessary certificates and affidavits to delete standard exceptions. Promptly after the Effective Date, Seller shall deliver to Purchaser all survey, topographical and title information now in Seller's possession and shall procure, at Seller's expense, within thirty (30) days after the Effective Date, a current survey or recertification of the existing survey for each of the Premises meeting the minimum standard and detail requirements for currently approved ALTA Land Title Surveys and the requirements of the Title Company to delete the standard "survey exceptions" (the "Surveys"), and be paid by Seller.
Title Policy and Survey. A. TITLE POLICY: Seller shall furnish to Buyer at Seller’s Buyer’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: (1) The standard printed exception for standby fees, taxes and assessments.
Title Policy and Survey. Tenant shall have the right, at its sole expense, to obtain a survey of the Premises and title insurance coverage of its interest in the Premises, and the interest of any Lender. Landlord shall have no obligation to provide Tenant with any such survey or title insurance.
Title Policy and Survey. (Check all that apply)
A. TITLE POLICY - Builder shall furnish to Buyer at Builder’s Buyer’s expense an owner policy of title insurance (Title Policy) issued by (Title Company) in the amount of the Total 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:
1) Restrictive covenants applicable to the platted subdivision in which the Property is located.
2) The standard printed exception for standby fees, taxes and assessments.
3) Xxxxx created as part of the financing described in this Contract.
4) Utility easements created by the dedication deed or plat of the subdivision in which the Property is located.
5) Reservations or exceptions otherwise permitted by this Contract or as may be approved by Xxxxx in writing.
6) The standard printed exception as to discrepancies, conflicts, shortages in area or boundary lines, encroachments or protrusions, or overlapping improvements. Xxxxx, at Xxxxx’s expense, may have the exception amended to read only, “shortages in area.”
7) The standard printed exception as to marital rights.
8) The standard printed exception as to waters, tidelands, beaches, streams, and related matters.
B. COMMITMENT - Within twenty (20) days after the Title Company receives a copy of this Contract, Builder shall furnish to Buyer a commitment for title insurance (Commitment) and, at Buyer’s expense, legible copies of restrictive covenants and documents evidencing exceptions in the Commitment other than the standard printed exceptions. Builder authorizes the Title Company to mail or hand deliver the Commitment and related documents to Buyer at Xxxxx’s address shown below. If the Commitment is not delivered to Buyer within the specified time, the time for delivery will be automatically extended up to 15 days.
C. SURVEY - Buyer, at Buyer’s cost and option, may obtain a survey (Survey) of the Property. The Survey must be made by a registered professional land surveyor acceptable to the Title Company and any applicable lender. Utility easements created by the dedication deed and plat of the subdivision in which the Property is located will not be a basis for objection. (Check one box only)
1) Buyer may obtain a Survey from a third-party surveyor;
2) Builder agrees to order a Survey of the Property at Xxxxx’s expense;
3) Builder agrees to provide a copy of the existing Survey of...
Title Policy and Survey. At Closing, LVSC shall cause Fidelity National Title Insurance Company (the “Title Insurer”) to issue an ALTA 2006 extended coverage owner’s policy of title insurance, in the amount of (a) Seventy-Seven Million Five Hundred Thousand and No/100 Dollars ($77,500,000.00) plus (b) the estimated cost of the construction of the Stadium, or such lesser amount which the Authority may reasonably require, insuring that fee simple title to the Property is vested in the Authority, subject only to the Permitted Exceptions, and containing such endorsements reasonably requested by the Authority, all in form and substance reasonably acceptable to the Authority (the “Title Policy”). Prior to Closing and in furtherance of the Title Policy, LVSC shall also cause to be delivered to the Authority and the Title Insurer an ALTA/NSPS survey for the Property, prepared by a surveyor licensed in the State of Nevada and reasonably acceptable to the Authority, which survey shall utilize a current title commitment for the Property issued by the Title Insurer, be certified to the Authority and the Title Insurer, and otherwise be in a form and substance acceptable to the Authority and the Title Insurer.
Title Policy and Survey. Purchaser shall have obtained the Title Policy and the Survey.
Title Policy and Survey. As an accommodation to Buyer, Buyer may obtain a title commitment and any supporting documentation in order to evaluate the status of title to the Property prior to Closing. Notwithstanding the above, the Property is being sold in “As-Is Where- Is” condition. As provided in the Bid Invitation, the Seller makes no warranties or representations regarding the existence or quality of any right, title, claim or interest of the Seller in or to the Property.
Title Policy and Survey. (a) The Title Company shall be prepared, subject only to payment of the applicable premium and delivery of all conveyance documents, to issue the title policy pursuant to the Title Commitment as marked up at closing.
(b) Purchaser shall have received the Survey in accordance with Section 2.4.
Title Policy and Survey. Buyer shall have received commitments, satisfactory to Buyer, from a title insurance company mutually acceptable to Seller and Buyer to issue as of the Closing Date an owner's title insurance policy (with survey and zoning endorsements) for the Real Property, together with improvements, buildings and fixtures thereon, in the customary form prescribed for use in the State where the Real Property is located. The commitment shall provide for the issuance of said policy to Buyer as of Closing and shall insure good and marketable fee title to the Real Property in Buyer subject only to (i) the lien of accrued taxes not yet due and payable, (ii) liens, if any, which secure indebtedness of Seller assumed by Buyer or which are created by Buyer, and (iii) such utility and similar easements as do not materially adversely effect the present operation and business of the Assets. Additionally, Buyer shall have received an as-built survey of the Real Property reflecting all improvements visible on the grounds and all easements, rights of way, encroachments and drainage ditches, whether abutting or interior, of record or on the grounds. The costs of such title policies and survey shall be borne by Seller.