Updated Title Commitment definition

Updated Title Commitment. As defined in Section 1.6(g).

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Updated Title Commitment has the meaning set forth in Section 5.4.2. “Work” has the meaning given to such term in the EPC Agreement.

Updated Title Commitment has the meaning ascribed to such term in Section 6.2(a).

Examples of Updated Title Commitment in a sentence

• Obligations with respect to special assessments which are not yet due and payable as shown on the Updated Title Commitment.

• Any matters disclosed in the Updated Title Commitment which were not exceptions in the Title Commitment and were not of record on the Effective Date shall automatically be deemed Title Defects which Contributor shall be obligated to cure unless such matters were placed of record with GIPLP’s joinder and consent.

• An update of the Title Commitment certified to within ten (10) days prior to the Closing Date (the "Updated Title Commitment"); and b.

• Seller will be responsible for the payment for all Title Commitments (and any amendments, updates, and supplements thereto) and all recording charges and expenses incurred in connection with recording any Project Real Property Agreement (or amendments or memoranda thereof), any Curative Documents, and any fees and related charges incurred for title curative measures, the Title Commitment, and Updated Title Commitment.

• The Updated Title Commitment shall show Seller as the present fee owner of the Property and show Buyer as the fee owner to be insured and insuring Buyer in the amount of the Purchase Price.

• Buyer’s objections to items in the Updated Title Commitment are limited to those items which did not appear in the Title Commitment.

• The Permitted Exceptions in the Title Commitment and Additional Permitted Exceptions in the Updated Title Commitment shall collectively be referred to as “Final Permitted Exceptions”.

• Buyer shall then have until 5:00pm MT on the date that is 3 business days from receipt of the Updated Title Commitment to review said Updated Title Commitment (“Second Title Objection Deadline").

• If Purchaser does not object to any Material New Exceptions first raised in an Updated Title Commitment by giving timely written notice as herein provided, such Material New Exception (other than Monetary Liens) shall be deemed a Permitted Exception.

• The Updated Title Commitment will evidence a commitment to issue a Title Policy insuring good and valid fee simple title to each of the Owned Real Properties subject to no Liens other than Permitted Liens.

More Definitions of Updated Title Commitment

Updated Title Commitment has the meaning given to it in Section 5.23(b).

Updated Title Commitment has the meaning set forth in Section 5.1.

Updated Title Commitment shall have the meaning set forth in Section 4.2(c)(i). “Violations” shall have the meaning set forth in Section 4.2(e).

Updated Title Commitment shall have the meaning assigned thereto in Section 8.2(b).