Owner’s Policy definition

Owner’s Policy means Title Company’s Owner’s Policy of Title Insurance in the full amount of the Purchase Price, insuring fee simple title to the Property, as vested in Buyer subject only to installments of real estate taxes not delinquent and the exceptions detailed on the Preliminary Title Commitment issued by First American Title Insurance Company attached hereto as Exhibit A and any unrecorded encumbrances to the Property listed on Exhibit C.

Owner’s Policy is defined in Section 6.1(x) of the Participation Agreement.

Owner’s Policy means the ALTA Owner's Policy of Title Insurance issued by Title Company to Lessor concurrently with Lessor's acquisition of the Premises under the Purchase Agreement.

Examples of Owner’s Policy in a sentence

• Seller shall bear and Escrow Holder shall discharge on Seller’s behalf out of the sums payable to Seller hereunder that portion of the costs and expenses associated with the Owner’s Policy, the fee for recordation of the Deed, the Escrow Holder’s fee, any documentary transfer tax required in connection with the transfer of the Property to Buyer and any additional costs and charges customarily charged to sellers in accordance with common escrow or closing practices in Polk County, OR.

• Escrow Holder shall hold the Closing on the Closing Date if: (i) it has received in a timely manner all the funds and materials required to be delivered into Escrow by Buyer and Seller; (ii) it has received the Owner’s Policy from the Title Company, and (iii) all of the conditions to Closing have been satisfied.

More Definitions of Owner’s Policy

Owner’s Policy means an ALTA Owner’s Policy of Title Insurance for the Property in an amount equal to the Purchase Price for the Property insuring fee simple title to the Property and the Improvements located thereon, which shall except from coverage only the Permitted Exceptions and shall specifically exclude all “preprinted” or “standard” title exceptions, to the extent that same can be removed by Seller’s execution and delivery of a title affidavit in the form attached to this Agreement.

Owner’s Policy means an ALTA Owner’s Form of title insurance policy in the amount of the Purchase Price.

Owner’s Policy means an ALTA Form Owner’s Policy of Title Insurance in the amount of the Purchase Price committing to insure marketable title to the Real Property in Purchaser, subject only to the Permitted Exceptions.

Owner’s Policy is defined in Section 8.1.1 of this Agreement.

Owner’s Policy shall have the meaning assigned thereto in Section 3.02(c)(vi) of the Participation Agreement.

Owner’s Policy means an ALTA owner’s policy of title insurance (Form 2006) in the form of Exhibit F attached hereto.

Owner’s Policy has the meaning set forth in Section 6(A) below.