TITLE STANDARDS. Any matter or practice arising under or relating to this Agreement which is the subject of a title standard or a practice standard of the Real Estate Bar Association at the time for delivery of the deed shall be covered by said title standard or practice standard to the extent applicable.
TITLE STANDARDS. Any title or practice matter which is the subject of a title or practice standard of the Real Estate Bar Association of Massachusetts (the “XXXX”) at the time for delivery of the Deed shall be governed by said title or practice standard to the extent applicable. Any dispute as to any title issue or conveyancing practice remaining unresolved at the scheduled time for performance under this Agreement shall be resolved in accordance with applicable Standards or Practices of the XXXX, to the extent possible. It is understood and agreed by the Parties that the Premises shall not be in conformity with the provisions of this Agreement unless the Premises are insurable for the benefit of the Buyer by a title insurance company licensed to do business in the Commonwealth of Massachusetts at the normal premium rates in the American Land Title Association (ALTA) form currently in use, subject only to those printed “jacket” exceptions to title included in said form and any exceptions permitted under Paragraph 4 of the Agreement. It is agreed that in the event of a title matter for which a title insurance company is willing to issue a so- called “clean” policy or provide “affirmative coverage” over a known defect or problem, BUYER may elect to accept same but shall not be required to do so, and shall have the right to deem title to the premises unacceptable or unmarketable and to terminate this Agreement.
TITLE STANDARDS. Any matter which is the subject of a Title Standard or Practice Standard of the Massachusetts Conveyancers Association at the time of the delivery of the deed shall be governed by said Title Standard or Practice Standard to the extent applicable.
TITLE STANDARDS. Seller shall provide to Purchaser a title insurance commitment (the “Preliminary Commitment”) issued by Nebraska Title Company, Lincoln, Nebraska, a Nebraska licensed title insurance agent, (“Title Company”) that contains certain special exceptions proposing to insure Purchaser for the Purchase Price. Purchaser shall have twenty-one (21) days from the date this Purchase Agreement has been fully executed to review the special exceptions set forth in the Preliminary Commitment. If, within the Title Review Period, Purchaser serves written notice (the “Title Notice”) on Seller that the Preliminary Commitment contains any matter, exception or exceptions which are not acceptable to Purchaser (the “Unpermitted Exceptions”), then Seller shall have thirty (30) days after the date of such notice (the “Cure Period”) to cure such defects or failure by removing such unpermitted exceptions or causing the Title Company to provide an affirmative endorsement insuring Purchaser over the effect of such unpermitted exceptions, and to deliver a revision of the Preliminary Commitment to Purchaser. All existing exceptions not objected to in the Title Notice as being unpermitted exceptions are hereinafter referred to as “Permitted Exceptions.” If Seller is unable or unwilling to cause any or all of the unpermitted exceptions to be removed or insured over by endorsement as described above, Purchaser shall have the right to (i) terminate this Agreement by sending written notice of such termination to Seller within ten (10) days after the expiration of the Cure Period, in which event, neither party shall have any further obligations under this Agreement except as explicitly stated herein; or (ii) waive its objection to such unpermitted exceptions and accept title to the Property subject thereto, in which case such unpermitted exceptions shall be deemed Permitted Exceptions. If Purchaser has not delivered the Title Notice to Seller by the expiration of the Title Review Period, Purchaser shall be deemed to have waived the provisions of this Paragraph 5 and all easements, restrictions, covenants and agreements of record as of the date of this Agreement shall be deemed approved. Notwithstanding the foregoing, at or prior to Closing, Seller shall cause the discharge of all monetary liens or other encumbrance created or caused by Seller and existing on the Property. The cost of the premium for the Owner’s title insurance policy shall be split equally between Seller and Purchaser at Closin...
TITLE STANDARDS. Any title matter which is the subject of a title or practice standard of the Real Estate Bar Association (XXXX) at the time of the delivery of the deed shall be covered by said title or practice standard to the extent applicable.
TITLE STANDARDS. In matters respecting title to the Premises, standards of the Massachusetts Conveyancers Association shall be determinative.
TITLE STANDARDS. Marketable title" has the meaning contained in Title Standard 4 of the Missouri Bar. If the title insurance commitment or abstract discloses any encumbrance or defect which causes Owner not to have marketable title, such encumbrance or defect will not constitute a valid objection by Buyer if Owner furnishes the affidavits or other documentation required to remove the encumbrance or defect. It is understood that any existing liens will be paid out of sale proceeds. 11.
TITLE STANDARDS. In any dispute as to the existence or nonexistence of a defect in the title to the Premises, the title standards formulated by the Massachusetts Conveyancer's Association shall be determinative.
TITLE STANDARDS. Any title matter which is the subject of a title standard of the Real Estate Bar Association of Massachusetts (or any successor organization thereto) at the time for delivery of the Deed hereunder shall be governed by said title standards to the extent applicable and not inconsistent with statutory or common law.
TITLE STANDARDS. Title standards for lease acquisition shall be lxxxxxx summary memoranda. No significant curative shall be required until drill sites are selected, but Next will perform such curative (affidavits, lease amendments, etc.) on a continuing basis at its own expense and as its additional contribution to the Venture so long as the Venture retains majority working interest title to the leases.
