Common use of Title Work Clause in Contracts

Title Work. Seller furnished to Buyer certain existing title work (the “Existing Title Work”) on or before the execution of this Agreement. No material Liens have been placed on the Properties by the Company since the date of the most recent Existing Title Work with respect to each Property. Following execution of this Agreement, Buyer may obtain, at Buyer’s option and at Buyer’s expense, commitments from the title insurance company issuing the Existing Title Work (the “Title Company”) to issue (i) updates to the Existing Title Work or (ii) new policies of owner’s title insurance for any Properties (or portion thereof) as to which there is no Existing Title Work, together with legible copies of all exceptions to title referenced therein (the “New Title Work”). Buyer shall furnish Seller with copies of any material documents resulting from the New Title Work promptly following receipt of same.