Common use of Existing Title Policy Clause in Contracts

Existing Title Policy. Company currently has and at Closing will continue to have good and marketable title in fee simple to the Real Property. The existing title insurance policy (the “Existing Title Policy”) with respect to the Real Property is attached hereto as Exhibit G and is the only title insurance commitment issued to Company with respect to the Real Property. Except as reflected in the Existing Title Policy, neither Company nor Seller have, and on or prior to Closing shall not, (i) grant any easements and/or rights-of-way and/or other encumbrances over or through the Real Property, (ii) enter into any agreements or any proffers or other commitments affecting the Real Property, (iii) further encumber the Real Property, (iv) construct or install any improvements or allow any existing improvements or natural deposits to be wasted, removed, sold or in any way encumbered, or (v) make or permit any changes, modifications, additions or deletions to the approved site plan or any other governmental approval for the Real Property.