Marketable and Insurable Title definition

Marketable and Insurable Title means fee title or a valid enforceable leasehold interest that would be insured by a Title Company doing business in the locations of the Real Property at its regular policy rates under the standard form of ALTA owner’s policy of title insurance (ALTA 2006 Owners Title Policy Form (excepting as respects any Real Property located in State of Florida, in such case the ALTA 1992 Owners Title Policy Form applies)) with the standard or printed exceptions therein deleted and subject only to the Holdings Permitted Exceptions or the PE Permitted Exceptions, as applicable.
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Examples of Marketable and Insurable Title in a sentence

  • Except as set forth on Schedule 4.1(f) attached hereto, as of the Closing Date, PE and any relevant PE Affiliate shall have Marketable and Insurable Title to the PE Real Property subject only to the PE Permitted Exceptions.

  • At or prior to Closing, URH shall have contributed, assigned, transferred, conveyed and delivered Marketable and Insurable Title to the Holdings Property (excepting the Holdings Excluded Property) subject only to the Holdings Permitted Exceptions and executed and delivered such assignments, b▇▇▇ of sales and other instruments of transfer necessary to evidence such contribution and assignment in form reasonably acceptable to PE and Holdings.

  • At or prior to Closing, URH shall or shall have contributed, assigned, transferred, conveyed and delivered to Holdings Marketable and Insurable Title to the Holdings Property (excepting the Holdings Excluded Property) subject only to the Holdings Permitted Exceptions in exchange for one hundred percent (100%) of the limited liability membership interests in Holdings.

  • Except as set forth on Schedule 4.2(f) attached hereto, as of the Closing Date, Holdings and any relevant Holdings Affiliate shall have Marketable and Insurable Title to the owned Holdings Real Property subject only to the Holdings Permitted Exceptions.

  • Marketable and Insurable Title Concepts All Real Estate Professionals Should.