Common use of Condition of Title Clause in Contracts

Condition of Title. The Title Company shall be committed to issue at the Close of Escrow, upon payment of its regularly scheduled premium, an ALTA Policy, in the amount of the Purchase Price showing title to the Land vested in Buyer, subject only to the Permitted Encumbrances.

Appears in 5 contracts

Samples: Agreement of Purchase and Sale and Joint Escrow Instructions, Agreement of Purchase and Sale and Joint Escrow Instructions (Salesforce Com Inc), And Joint Escrow Instructions (Salesforce Com Inc)

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Condition of Title. The Title Company shall be committed to issue at the Close of Escrow, upon payment of its regularly scheduled premium, an ALTA Policy, Policy in the amount of the Purchase Price showing title to the Land and the Acquired Parking Rights vested in Buyer, subject only to the Permitted Encumbrances.

Appears in 2 contracts

Samples: Agreement of Purchase and Sale and Joint Escrow Instructions (Salesforce Com Inc), Agreement of Purchase and Sale and Joint Escrow Instructions (Salesforce Com Inc)

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