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

Related to Owner’s Policies

  • Title Insurance Policies means, with respect to each Individual Property, an ALTA mortgagee title insurance policy in a form acceptable to Lender (or, if an Individual Property is in a State which does not permit the issuance of such ALTA policy, such form as shall be permitted in such State and acceptable to Lender) issued with respect to such Individual Property and insuring the lien of the Mortgage encumbering such Individual Property.

  • Title Policies has the meaning set forth in Section 6.17.

  • 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.

  • Crew Insurances means insurances against crew risks which shall include but not be limited to death, sickness, repatriation, injury, shipwreck unemployment indemnity and loss of personal effects.

  • Mortgage Policies has the meaning specified in Section 6.13(b)(ii).

  • Policies shall have the meaning specified in Section 6.1(b) hereof.

  • Company Insurance Policies has the meaning set forth in Section 4.15.

  • Title Insurance Policy A title insurance policy maintained with respect to a Mortgage Loan.

  • Insurance Policies has the meaning set forth in Section 3.16.

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

  • SAP Policies means the operational guidelines and policies applied by SAP to provide and support the Cloud Service as incorporated in an Order Form.

  • Owners Association means any association or organization created pursuant to the Owners’ Association Documents.

  • D&O Policies has the meaning set forth in Section 8.06.

  • Environmental Insurance Policy means, with respect to any Mortgage Loan or the related Mortgaged Property or REO Property, any insurance policy covering pollution conditions and/or other environmental conditions that is maintained from time to time in respect of such Mortgage Loan, Mortgaged Property or REO Property, as the case may be, for the benefit of, among others, the Trustee on behalf of the Certificateholders.

  • Homeowners association means a person having the authority to enforce the provisions of a declaration.

  • Claims Made Policies has the meaning set forth in Section 5.01(b).

  • R&W Policy means those certain buyer-side representations and warranties insurance policies purchased by Buyer in connection with this Agreement.

  • Policy Owner means the owner named in the policy or the certificate holder in the case of a group policy.

  • Title Insurance An American Land Title Association (ALTA) mortgage loan title policy form 1970, or other form of Title Insurance Policy acceptable to FNMA or FHLMC, including all riders and endorsements thereto, insuring that the Security Instrument constitutes a valid first lien on the related Mortgaged Property subject only to permitted encumbrances.

  • Servicer Policies and Practices means, with respect to the Servicer’s duties under Exhibit A to the Servicing Agreement, the policies and practices of the Servicer applicable to such duties that the Servicer follows with respect to comparable assets that it services for itself and, if applicable, others.

  • Evidence of coverage means any certificate, agreement or contract issued to an enrollee setting out the coverage to which the enrollee is entitled.

  • R&W Insurance Policy means the representations and warranties insurance policy issued to Buyer in connection with the transactions contemplated hereby.

  • FHA Insurance The contractual obligation of FHA respecting the insurance of an FHA Loan pursuant to the National Housing Act, as amended.

  • Title Insurance Company as defined in Section 5.1(l).