Common use of Title Work Clause in Contracts

Title Work. A copy of the owner's policy of title insurance issued to Seller at the time it acquired the Project. Within twenty (20) days of the date of this Agreement, and provided Purchaser has delivered evidence to Seller that the Deposit has been tendered to the Title Company, Seller shall provide a commitment for an owner's policy of title insurance on the Project ("Title Commitment"), which shall: (i) be issued by Title Company in favor of Purchaser without so called "Standard Exceptions", (ii) be dated after the date of this Agreement, (iii) provide for coverage in an amount equal to the Purchase Price, (iv) show the state and quality of title to the Property, together with all liens, encumbrances and other charges and items affecting the Property; and (v) be accompanied by legible copies of all documents referenced in the Title Commitment. Any endorsements to the Title Commitment shall be obtained by Purchaser at Purchaser's sole cost and expense;

Appears in 2 contracts

Samples: Agreement of Sale (Captec Franchise Capital Partners L P Iv), Agreement of Sale (Captec Franchise Capital Partners L P Iv)

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Title Work. A copy of the owner's policy of title insurance issued to Seller at the time it acquired the Project. Within twenty fifteen (2015) days of the date of this Agreement, and provided Purchaser has delivered evidence to Seller that the Deposit has been tendered to the Title Company, Seller shall provide a commitment for an owner's policy of title insurance on the Project ("Title Commitment"), which shall: (i) be issued by Title Company in favor of Purchaser without so called "Standard Exceptions", (ii) be dated after the date of this Agreement, (iii) provide for coverage in an amount equal to the Purchase Price, (iv) show the state and quality of title to the Property, together with all liens, encumbrances and other charges and items affecting the Property; and (v) be accompanied by legible copies of all documents referenced in the Title Commitment. Any endorsements to the Title Commitment shall be obtained by Purchaser at Purchaser's sole cost and expense;

Appears in 1 contract

Samples: Agreement of Sale (Captec Franchise Capital Partners L P Iv)

Title Work. A copy of the owner's ’s policy of title insurance issued to Seller at the time it acquired the Project. Within twenty fifteen (2015) days of the date of this Agreement, and provided Purchaser has delivered evidence to Seller that the Deposit has been tendered to the Title Company, Seller shall provide a commitment for an owner's ’s policy of title insurance on the Project ("Title Commitment"), which shall: (i) be issued by Title Company in favor of Purchaser without so called "Standard Exceptions", (ii) be dated after the date of this Agreement, (iii) provide for coverage in an amount equal to the Purchase Price, (iv) show the state and quality of title to the Property, together with all liens, encumbrances and other charges and items affecting the Property; and (v) be accompanied by legible copies of all documents referenced in the Title Commitment. Any endorsements to the Title Commitment shall be obtained by Purchaser at Purchaser's ’s sole cost and expense;

Appears in 1 contract

Samples: Agreement of Sale (Captec Franchise Capital Partners L P Iv)

Title Work. A copy of the owner's ’s policy of title insurance issued to Seller at the time it acquired the Project. Within twenty (20) days of the date of this AgreementEffective Date, and provided Purchaser has delivered evidence to Seller that the Initial Deposit has been tendered to the Title Company, Seller shall provide a commitment for an owner's ’s policy of title insurance on the Project ("Title Commitment"), which shall: (i) be issued by Title Company in favor of Purchaser without so called "Standard Exceptions", (ii) be dated after the date of this Agreement, (iii) provide for coverage in an amount equal to the Purchase Price, (iv) show the state and quality of title to the Property, together with all liens, encumbrances and other charges and items affecting the Property; and (v) be accompanied by legible copies of all documents referenced in the Title Commitment. Any endorsements to the Title Commitment shall be obtained by Purchaser at Purchaser's ’s sole cost and expense;

Appears in 1 contract

Samples: Agreement of Sale (Captec Franchise Capital Partners L P Iv)

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Title Work. A copy of the owner's policy of title insurance issued to Seller at the time it acquired the Project. Within twenty ten (2010) days of the date of this Agreement, and provided Purchaser has delivered evidence to Seller that the Deposit has been tendered to the Title Company, Seller shall provide a commitment for an owner's policy of title insurance on the Project ("Title Commitment"), which shall: (i) be issued by Title Company in favor of Purchaser without so called "Standard Exceptions", (ii) be dated after the date of this Agreement, (iii) provide for coverage in an amount equal to the Purchase Price, (iv) show the state and quality of title to the Property, together with all liens, encumbrances and other charges and items affecting the Property; and (v) be accompanied by legible copies of all documents referenced in the Title Commitment. Any endorsements to the Title Commitment shall be obtained by Purchaser at Purchaser's sole cost and expense;

Appears in 1 contract

Samples: Agreement of Sale (Captec Franchise Capital Partners L P Iv)

Title Work. A copy of the owner's policy of title insurance issued to Seller at the time it acquired for the Project. Within twenty (20) days of the date of this Agreement, and provided Purchaser has delivered evidence to Seller that the Initial Deposit has been tendered to the Title Company, Seller shall provide a commitment for an owner's policy of title insurance on for the Project (the "Title Commitment"), which shall: (i) be issued by Title Company in favor of Purchaser without so called "Standard Exceptions", (ii) be dated after the date of this Agreement, (iii) provide for coverage in an amount equal to the Purchase Price, (iv) show the state and quality of title to the PropertyProject, together with all liens, encumbrances and other charges and items affecting the PropertyProject; and (v) be accompanied by legible copies of all documents referenced in the Title Commitment. Any endorsements to the Title Commitment shall be obtained by Purchaser at Purchaser's sole cost and expense;

Appears in 1 contract

Samples: Agreement of Sale (Captec Franchise Capital Partners L P Iv)

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