Marketable Fee Simple Title definition

Marketable Fee Simple Title means title to the Land and Building that, when acquired by Purchaser, will be insurable by Title under its standard ALTA (Form 10/17/92) Owner’s Title Insurance Policy, at standard rates and free and clear of all liens, encumbrances, easements, covenants, conditions and restrictions other than the Permitted Exceptions (defined herein). Seller shall deliver to Purchaser Marketable Fee Simple Title, free and clear of all claims, encumbrances and liens except:
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Marketable Fee Simple Title means good and marketable fee simple title and insurable by a reputable title insurance company qualified to do business in the State of New York at standard rates subject only to the following exceptions: (i) those exceptions contained in the Title Report; and (ii) the Stoneleigh Mortgages, if not paid off at Closing, pursuant to the provisions of Sections 2.04 and 2.05 herein.
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Examples of Marketable Fee Simple Title in a sentence

  • Upon Purchaser’s fulfillment of the obligations of this Agreement, ▇▇▇▇▇▇ agrees to convey Marketable Fee Simple Title in the Property by Warranty Deed.

  • All fees to record all of the documents necessary to permit Seller to convey Marketable Fee Simple Title to the Premises to Purchaser (other than the fee to record the Warranty Deed); and one-half (1/2) of the closing fee for the closing of this transaction.

  • Such other instruments, documents, certificates, affidavits, closing statements or agreements reasonably requested by the Title Company in order to effectuate the purposes of this Agreement and to convey Good and Marketable Fee Simple Title to the Land.

  • During the Inspection Period, Buyer shall examine the Commitment and the Survey (as defined in this Section 7(a)) and give Seller written notice of objections that render Seller's title to the Property less than Good and Marketable Fee Simple Title (as defined in Section 6(b) hereof) and any objections to the Survey.

  • The cost to prepare and deliver to Purchaser the Commitment (including, without limitation, the cost of any title search and exam by Escrow Agent); all fees to record all of the documents necessary to permit Seller to convey Marketable Fee Simple Title to the Premises to Purchaser (other than the fee to record the Deed); and one-half (1/2) of the closing fee and/or escrow fee charged by Escrow Agent in connection with the escrow of ▇▇▇▇▇▇▇ Money and the closing of this transaction.

  • Deliver to Purchaser Seller’s duly recordable Warranty Deed (the “Deed”) to the Premises (in a form reasonably satisfactory to Purchaser) conveying to Purchaser Marketable Fee Simple Title to the Premises and all rights appurtenant thereto.

  • Seller warrants that, as of the Effective Date, Seller owns Good and Marketable Fee Simple Title to the Property, subject to the Permitted Exceptions as defined below.

  • Seller's duly recordable Limited Warranty Deed (the "Deed") to the Premises (in the form attached hereto as EXHIBIT E and made a part hereof conveying to Purchaser Marketable Fee Simple Title to the Premises and all rights appurtenant thereto.

  • At closing, Seller agrees to convey Marketable Fee Simple Title in the Premises.

  • For purposes of this Agreement, the term "Marketable Fee Simple Title" means title to the Premises that, when acquired by Purchaser, will be insurable by the Escrow Agent under its standard ALTA (Form 10/17/92) Owner's Title Insurance Policy, at standard rates and free and clear of all liens, encumbrances, easements, covenants, conditions and restrictions other than the Permitted Exceptions (defined herein).