Owner’s Policies definition

Owner’s Policies means the most recent form of ALTA Owner’s Policies of Title Insurance for the applicable jurisdiction, issued to Purchaser at the Closing, insuring, as applicable, fee simple title to the applicable Real Properties and the Improvements, in an amount equal to the Allocated Purchase Price applicable to each such Real Property, subject only to the Permitted Exceptions applicable to such Real Property dated as of the date of, and insuring Purchaser from and after, the Closing Date.

Owner’s Policies and "Leasehold Owners' Policies" collectively referred to herein as "Title Policies") with respect to each Leased Parcel on American Land Title Association standard Form B10-

Owner’s Policies means the policies of the Owner as attached in Appendix C – Owner’s Policies;

Examples of Owner’s Policies in a sentence

• Purchaser may request that Title Insurer issue, but Sellers shall have no obligation to pay for or to cause Title Insurer to issue, any available endorsements to the Owner’s Policies.

• Prior to Closing, Purchaser may receive updated Title Commitments or new commitments (“Updated Title Commitments”), and Purchaser may request that Title Insurer issue, but Sellers shall have no obligation to pay for or to cause Title Insurer to issue, any available endorsements to the Owner’s Policies.

• All charges and premiums in connection with the Owner’s Policies shall be paid half by Seller and half by Buyer.

• Buyer shall satisfy itself during the Due Diligence Period that the Title Company will issue such additional endorsements in connection with the Owner’s Policies at Closing.

• It is understood that Buyer may request a number of endorsements to the Owner’s Policies.

• Prior to the Effective Date, Buyer has secured from Title Guaranty of Hawaii, LLC (the “Title Company”) commitments (collectively, the “Title Commitment”) to issue to Buyer at Closing ALTA Owner’s Policies of Title Insurance insuring title to portions of the Real Property, in form and content and including endorsements satisfactory to Buyer (collectively, the “Title Policy”).

• In the event Purchaser elects not to pay for any additional premium for the ALTA extended coverage policy, then the Title Policies to be issued as of the Closing shall be standard ALTA Owner’s Policies of Title Insurance which shall include, among other things, a general survey exception.

• Purchaser shall pay (a) 50% of City transfer taxes payable in connection with the transaction contemplated herein, (b) the premium for the Owner’s Policies and all endorsements, (c) all escrow fees and recording charges payable in connection with the recording of the Deed, and (d) all fees, costs or expenses in connection with Purchaser’s due diligence reviews hereunder and any financing obtained by Purchaser.

• Buyer and Seller shall each pay fifty percent (50%) of the costs of the premiums for the CLTA Owner’s Policies of Title Insurance or Leasehold Policies of Title Insurance on the Purchased Premises.

• On the Closing Date, the Title Company shall be unconditionally obligated and prepared, subject to the payment of the applicable title insurance premium and other related charges, to issue to Buyer 2006 ALTA Extended Coverage Owner’s Policies of Title Insurance insuring the fee simple title to the OCOM South Real Property and the OCOM North Real Property in Buyer with liability in the amount of the Purchase Price allocated to each such Property, subject only to the Permitted Exceptions.

More Definitions of Owner’s Policies

Owner’s Policies means the Sellers’ existing title insurance policies listed on Schedule 1.1.