Final Title Commitment definition

Final Title Commitment refers to a commitment for the issuance of a standard coverage ALTA owner’s title insurance policy insuring fee simple title to the Property in the name of Buyer for the amount of the Purchase Price, which commitment is dated after the Auction and provided to Buyer prior to Closing; provided, however, if such commitment is updated and/or revised at any time or from time to time prior to Closing: (a) the updated and/or revised version(s) shall be provided to Buyer; and (b) the “Final Title Commitment” for purposes of this Agreement shall refer to the latest version delivered to Buyer prior to Closing. Buyer shall also be entitled to receive copies of the recorded documents which are listed, identified or described as exceptions in the Final Title Commitment. Unless a different title company is selected by mutual agreement of the parties confirmed in writing, the Final Title Commitment shall be prepared and/or issued by American Abstract Company of McClain County, Inc. Subject to the foregoing provisions, ▇▇▇▇▇ agrees to accept the Final Title Commitment furnished by Seller notwithstanding: (i) standard exceptions; (ii) any exception or requirement that Seller intends to satisfy and/or remove (and is in fact satisfied and/or removed) at the time of or prior to Closing; (iii) any specific or general exception or exclusion with respect to Minerals; and/or (iv) any matter that is listed, identified or described as an exception in Schedule B-II of the Final Title Commitment and that constitutes a Permitted Exception. The cost of furnishing the Final Title Commitment shall be charged to Seller.
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Examples of Final Title Commitment in a sentence

  • At closing, Seller shall pay for the cost of issuing a standard owner’s title insurance policy in accordance with the Final Title Commitment.

  • At Closing, Seller shall pay for the cost of issuing a standard owner’s title insurance policy in accordance with the Final Title Commitment.

  • Buyer agrees to accept the Final Title Commitment notwithstanding: (a) standard exceptions, conditions and requirements; (b) any exception, condition or requirement that Seller intends to satisfy and/or remove (and is in fact satisfied and/or removed) at the time of or prior to Closing; (c) any specific or general exception or exclusion with respect to Minerals; and/or (d) any matter listed, described or revealed in the Final Title Commitment that constitutes a Permitted Exception.

  • The cost of furnishing the Final Title Commitment shall be charged to Seller.

  • At Closing, Seller shall pay for the cost of the issuance of a standard owner’s title insurance policy in accordance with the Final Title Commitment; provided, however, that Seller shall not be obligated to pay the costs of any special coverages or endorsements requested by Buyer or Buyer’s lender.

  • Seller shall have no obligation with respect to and Buyer’s obligations are not contingent upon the satisfaction of any Buyer-Related Requirement or the availability or issuance of any extended or special title insurance coverage, any title insurance endorsement or any other title insurance product other than the Final Title Commitment for the issuance of a standard coverage ALTA owner’s title insurance policy as described in this Agreement.

  • Buyer agrees to accept the Final Title Commitment furnished by Seller notwithstanding: (a) standard exceptions, conditions and requirements; (b) any exception, condition or requirement that Seller intends to satisfy and/or remove (and is in fact satisfied and/or removed) at the time of or prior to Closing; (c) any specific or general exception or exclusion with respect to Minerals; and/or (d) any matter listed, described or revealed in the Final Title Commitment that constitutes a Permitted Exception.

  • Buyer agrees to accept the Final Title Commitment furnished by Seller notwithstanding: (a) standard exceptions, conditions and requirements; (b) any exception, condition or requirement that can and will be satisfied and/or removed at or prior to Closing; and/or (c) any matter listed, described or revealed in the Final Title Commitment that constitutes a Permitted Exception.

  • At closing, Seller shall pay for the cost of issuing a standard coverage ALTA owner’s title insurance policy in accordance with the Final Title Commitment.

  • Seller shall have no obligation with respect to (and Buyer’s obligations are not contingent upon the availability or issuance of) any extended or special title insurance coverage, any title insurance endorsement or any other title insurance product other than the Final Title Commitment for the issuance of a standard coverage title insurance policy as described in this Agreement.

Related to Final Title Commitment

  • Title Commitments has the meaning set forth in Section 4.1.1 hereof.

  • Title Commitment shall have the meaning set forth in Section 4.2.

  • Owner’s Title Policy means those certain ALTA extended coverage owner’s policies of title insurance issued in connection with the closing of the Mortgage Loan insuring the Mortgage Borrower as the owner of the Property.

  • Existing Title Policy means, the existing title insurance policy for the Property.

  • sectional title unit means a unit defined in section 1 of the Sectional Titles Act;