Title Insurance Commitment definition

Title Insurance Commitment means a binder whereby the title insurer agrees to issue the Title Insurance to Buyer.

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Title Insurance Commitment means a written agreement issued by a Florida licensed title insurer agreeing to issue to the Recipient, the Trust, or the Board of Trustees, individually or as co-insureds, upon the recording of the deed, an owner’s policy of title insurance in the amount of the Project Site’s purchase price insuring marketability of title to the Project Site, subject only to liens, encumbrances, exceptions or qualifications that are acceptable to the Trust and the Recipient, and those which will be discharged by the Owner(s) at closing.

Title Insurance Commitment means a preliminary title report whereby the Title Company agrees to issue the Title Insurance to Buyer, together with copies of all instruments which are exceptions noted therein or conditions to be satisfied.

Examples of Title Insurance Commitment in a sentence

• Seller, at Seller’s expense, shall furnish Purchaser with an Owner’s Title Insurance Commitment (“Title Commitment”), issued by a title insurance company authorized to transact business in the state of Illinois.

• Any Title Defect or other objection disclosed by the Title Insurance Commitment (other than liens removable by the payment of money) or the Survey which is not timely specified in Buyer's written notice to Seller of Title Defects shall be deemed a Permitted Exception.

• Regardless of whether the Contract requires OEC, the Title Insurance Commitment may not provide OEC or delete or insure over any or all of the standard exceptions for OEC.

• Seller shall remove any encumbrances or exceptions to title which are created by, through or under Seller after the date of the Title Insurance Commitment and which are not consented to by Buyer under the terms hereof.

• If the Title Insurance Commitment is not satisfactory to Buyer, ▇▇▇▇▇ has a right to object under 318 § 8.5 (Right to Object to Title, Resolution).

More Definitions of Title Insurance Commitment

Title Insurance Commitment means a document issued by a duly authorized title insurer offering to issue a title insurance policy upon performance of the conditions set forth in the document.

Title Insurance Commitment has the meaning given to it in Section 4.1(g) of this Agreement.

Title Insurance Commitment means a title insurance commitment issued by the Title Company agreeing to issue to Purchaser an owner's policy of title insurance in the amount of the Purchase Price allocated to the Real Property, as agreed to between Purchaser and Seller pursuant to Section 2.2(b) hereof, and, if requested by Purchaser, and at Purchaser's sole cost and expense, a simultaneous issue mortgagee commitment.

Title Insurance Commitment has the meaning set forth in Section V.7.3.

Title Insurance Commitment means an irrevocable title insurance commitment issued prior to Closing by a title insurance company acceptable to Buyer for (a) an owner's policy of title insurance (on ALTA 1992 Owner's Form), showing good and marketable fee simple title to the Related Real Property in Buyer or, with respect to the Redstone Arsenal Property, a valid leasehold interest in Buyer, and (b) a prepaid full-coverage mortgagee policy of title insurance (on the ALTA 1992 Lender's Form or as otherwise required by Buyer's lender), naming Buyer's lender as the insured party, insuring that the mortgage of Buyer's lender constitutes a valid and recorded first lien on a good and marketable fee simple interest in the Related Real Property or on a valid leasehold interest in the Redstone Arsenal Property, and providing full protection against filed and unfiled mechanics' and materialmen's liens, which Title Insurance Commitment shall not include any (i) survey matters exceptions (except those matters shown on the Survey and not reasonably disapproved of by Buyer prior to Closing), (ii) standard printed exceptions, (iii) creditor's rights exceptions, (iv) mechanics and materialmen's liens exceptions, or (v) any other exceptions that are not Permitted Exceptions (as defined below). "Permitted Exceptions" shall mean (i) the lien of real estate taxes not yet due and payable, (ii) all matters revealed in the Title Insurance Commitment which are not reasonably disapproved by Buyer in writing prior to Closing (it being understood that if the Closing occurs, all matters revealed in the Title Insurance Commitment (or, if Buyer fails to obtain the Title Insurance Commitment, all matters of record) which are not discharged or otherwise eliminated from the Title Insurance Commitment at or prior to Closing shall be deemed to be Permitted Exceptions), and (iii) all existing building, zoning and other city, state, county or federal laws, codes and regulations affecting the Related Real Property or the Redstone Arsenal Property, as applicable.

Title Insurance Commitment has the meaning given that term in Section 5.06(a).

Title Insurance Commitment has the meaning given to it in Section 4.1.1(b).