Examples of ALTA Title Policy in a sentence
If applicable, Buyer, at its cost, will have prepared an ALTA Survey using a licensed surveyor or civil engineer in sufficient detail to provide for the ALTA Title Policy, certified to Buyer and the Title Company in form satisfactory to Buyer without boundary, encroachment, or survey exceptions, which shall show the location of all easements and Improvements (“Survey”).
Within five (5) days of the Effective Date of this Agreement, Purchaser shall order a commitment for an Owner's ALTA Title Policy, without Standard Exceptions (the "Commitment"), from Liberty Title Company (the "Title Company"), and shall provide a copy of the same to Seller upon receipt.
By executing this Agreement, Buyer hereby approves the Title Policy / ALTA Title Policy.
Title Company shall be irrevocably committed to issue the Agency’s ALTA Title Policy in the amount of the Agency Loan insuring the Agency Loan Deed of Trust as a second priority lien on the Leasehold, subordinate only to the Deed of Trust securing the Senior Loan, as provided in this Agreement.
Seller shall pay for the premiums associated with the standard ALTA Title Policy to be issued to Buyer at Closing.
Seller shall have delivered those executed Wind Energy Easement Estoppels, if any, required by the Title Insurer to issue the ALTA Title Policy and otherwise obtained Wind Energy Easement Estoppels from Land Owners for all Wind Energy Easements upon which Project Facilities are to be located per the Site Plan as of Closing.
Each Acquiring Party shall pay the additional costs for an ALTA Title Policy endorsements to the Owner’s Policy if requested by such Acquiring Party.
Title Insurance; Final ALTA Survey Buyer has received unconditional and binding Title Commitments to issue the ALTA Title Policy, dated the Closing Date, in an aggregate amount equal to the amount of the reasonably estimated costs of the constructed Project, insuring Buyer’s interest in each parcel of Real Property, the cost of the premiums and endorsements for such Title Policies to be borne by Seller.
Buyers shall collectively pay (a) any additional premium for the ALTA Title Policy including mortgagee’s title insurance, survey costs and endorsements, (b) one-half (1/2) of all document recording charges, Escrow fees and costs, and (c) Buyers’ collective share of Closing Adjustments.
At Closing, Seller shall convey to Buyer marketable fee simple title to the Property (evidenced by the Title Company’s issuance of a standard ALTA Title Policy) by special warranty deed in a form acceptable to Buyer, subject only to title exceptions acceptable to Buyer.