Examples of Title Company in a sentence
At Closing, Title Company shall furnish to Buyer a current ALTA extended coverage owner's policy of title insurance in the amount of the Purchase Price for the Property, insuring Buyer's title to the Property, subject only to the usually printed exceptions contained in such title insurance policies and those matters approved or deemed approved by Buyer pursuant to Section 5.01.
This Agreement shall also serve as escrow instructions to the Title Company.
Within sixty (60) days of the date of this Agreement, Seller shall furnish a title insurance commitment in the full amount of the Purchase Price issued by the Title Company, certified to date to include proper searches covering bankruptcies, state and federal judgments and liens, by which said company commits to issue its policy of title insurance that insures that at closing Buyer shall have good, marketable and insurable title of record to the Property.
If Buyer elects to terminate this Agreement under this Section, including any termination occurring pursuant to a Title Commitment Update up to and on Closing, Title Company shall immediately deliver the Down Payment to Buyer without further notice to or from Seller and neither party shall thereafter have any further rights or obligations under this Agreement except for those rights and obligations that survive the termination of this Agreement or the Close of Escrow as provided in this Agreement.
If, within such ten (10) day period, Seller is unsuccessful or responds in writing that it is unwilling to cure Xxxxx's objection(s), Buyer will have five (5) days following notice from Seller of its inability or unwillingness to cure in which Buyer shall elect by delivering written notice to Seller and Title Company either to (a) waive its objection(s) or (b) terminate this Agreement.