Preliminary Title Reports. 26 5.8 Environmental Site Assessments.................................................................26
Preliminary Title Reports. 18 5.8 Environmental Site Assessments........................................................19 5.9 Resolution of Title and Environmental Disapproved Matters.............................20 5.10 Post-Closing Covenants and Agreements of the Parties..................................21
Preliminary Title Reports. Within three (3) Business Days after the Opening of Escrow, each Optionor shall cause the Title Company to deliver a current preliminary title report for Real Property in which it owns an interest to Optionee, together with legible copies of all documents referred to therein and a plot of locatable exceptions. Optionee shall have the right to review, and negotiate with the Title Company, the condition of title to each such Real Property during the Feasibility Period. On or before the Closing Date, each Optionor shall satisfy any monetary liens encumbering each Owned Property that it owns other than non-delinquent property taxes. At Closing, Title Company shall issue (or be irrevocably committed to issue) to Optionee an owner’s form of policy of title insurance for each Owned Property, containing the terms and provisions set forth in this Section 6(a) (each, a “Title Policy”) or, if Optionee so elects, to have the Optionee Policy endorsed to reflect the transfer of title at Closing (either, the “Additional Title Coverage”). Each Title Policy shall be a standard coverage CLTA Owner’s Policy of Title Insurance (Form 2006, or other form approved by Optionee) in an amount equal to the applicable Project Option Price, showing title to the applicable Owned Property vested in Optionee, subject only to (i) the pre-printed exceptions and exclusions, (ii) those exceptions to title commonly known as the Title Company’s “Regional Exceptions”, and (iii) such other matters as to which Optionee has consented in writing prior to Closing (provided that Optionee’s failure to provide such consent prior to Closing shall be deemed to be Optionee’s consent to such other matters). Optionee shall have the right to procure an ALTA Extended Coverage Owner’s Policy of Title Insurance (“ALTA Extended Policy”) for one or more of the Owned Properties, provided that the issuance of an ALTA Extended Policy shall not be a condition to Optionee’s obligation to close and shall not delay Closing. Optionee shall pay for the increased cost of any such ALTA Extended Policy, the cost of any survey that the Title Company requires for issuance of an ALTA Extended Policy, and the cost of any other increase in the amount or scope of title insurance if Optionee elects to increase the amount or scope of title insurance coverage beyond that provided in the Title Policy.
Preliminary Title Reports. Prior to the execution of this Agreement, ------------------------- Meridian has, at its sole cost and expense, delivered or caused to be delivered to ATS a standard preliminary title report dated as of a recent date issued by one or more title companies authorized to do business in the State of California (the "Title Company") with respect to those Meridian Assets comprised of the parcels of real property described in Section 5.7 of the Meridian Disclosure Schedule (the "Insured Real Property"). Such reports, as same may be amended or supplemented from time to time to reflect additional title matters, are referred to herein as the "Title Reports". Section 5.7 of the Meridian Disclosure Schedule sets forth a description of those matters, if any, shown in the Title Reports as to which ATS has objected and which Meridian has agreed to remedy prior to or, with the written approval of ATS, subsequent to the Closing Date (the "Disapproved Title Matters", which term shall include any matters added thereto pursuant to the provisions of the last sentence of this Section). All matters disclosed by the Title Reports (as of the date hereof) which are not reflected on Section 5.7 of the Meridian Disclosure Schedule have heretofore been approved by ATS. If, at any time following the date hereof, Meridian or the Title Company notifies ATS of any additional matter affecting title to the Insured Real Property, the parties shall negotiate in good faith in an effort to resolve such matters and, in the event that are not able to reach such agreement within thirty (30) days of the date ATS has received written notification thereof, either party may terminate this Agreement with the effect set forth in Section 7.2.
Preliminary Title Reports. As promptly as practicable after the execution of this Agreement, Diablo shall, at its sole cost and expense, deliver or cause to be delivered to ATS a standard preliminary title report dated on or after the date of this Agreement issued by such title company as Diablo and ATS shall mutually reasonably agree (the "Title Company") with respect to those Diablo Assets comprised of the parcels of real property described in Section 5.7 of the Diablo Disclosure Schedule (the "Insured Real Property"). Such reports, as same may be amended or supplemented from time to time to reflect additional title matters, are referred to herein as the "Title Reports". The rights and obligations of the parties shall thereafter be as follows:
Preliminary Title Reports. Altisource will charge Residential *. After * from the Effective Date of the Services Letter, the O&E Search fee will *, and the fee will * have been executed. The fee for O&E searches will * on each anniversary of the Effective Date of the Services Letter, subject to the * as described above.
Preliminary Title Reports. As promptly as practicable after the execution of this Agreement, Seller shall, at its sole cost and expense, deliver or cause to be delivered to ATS a standard preliminary title report dated on or after the date of this Agreement issued by such title company or companies as Seller and ATS shall mutually reasonably agree (collectively, the "Title Company") with respect to those Seller Assets comprised of the parcels of real property described in Section 5.7 of the Seller Disclosure Schedule (the "Insured Real Property"). Such reports, as same may be amended or supplemented from time to time to reflect additional title matters, are referred to herein as the "Title Reports". The rights and obligations of the parties shall thereafter be as follows:
Preliminary Title Reports. The Preliminary Title Reports for the Properties issued by Chicago Title Company more fully described on Schedule 1.27 attached.
Preliminary Title Reports. As promptly as practicable after the execution of this Agreement, Gearon shall, at ATS' sole cost and expense, deliver or cause to be delivered to ATS a standard preliminary title report (the "Title Reports") dated on or after the date of this Agreement issued by such title company or companies as Gearon and ATS shall mutually reasonably agree with respect to those assets of Gearon comprised of the parcels of real property owned by Gearon, as described in Section 7.8 of the Gearon Disclosure Schedule.
Preliminary Title Reports. As promptly as practicable after the execution of this Agreement, OPM shall, at its sole cost and expense, deliver or cause to be delivered to ATS a standard preliminary title report (the "Title Reports") dated on or after the date of this Agreement issued by such title company or companies as OPM and ATS shall mutually reasonably agree with respect to those OPM Assets comprised of the parcels of real property owned by OPM, as described in Section 6.7 of the OPM Disclosure Schedule.
