Extended Coverage Title Policy Clause Samples

An Extended Coverage Title Policy is a type of title insurance that provides broader protection to property owners or lenders against potential defects or issues with the title that may not be covered by a standard policy. This enhanced policy typically covers additional risks such as survey discrepancies, unrecorded liens, or encroachments that could affect ownership rights. By offering more comprehensive coverage, it helps to mitigate the risk of unforeseen title problems, ensuring greater security and peace of mind for the insured party.
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Extended Coverage Title Policy. Buyer may, at its option, direct Escrow Holder to procure an ALTA Extended Coverage Title Policy from Title Insurer, with liability in the amount of the Purchase Price. If Buyer does so elect an ALTA Extended Coverage Title Policy, then all references in this Agreement to the "Title Policy" shall refer to the ALTA Extended Coverage Title Policy; provided, however, Buyer shall be solely responsible to timely supply to Title Insurer, at Buyer's sole cost, any ALTA survey required by Title Insurer as a condition to the issuance of the ALTA Extended Coverage Title Policy, and provided further, that the term "Permitted Exceptions shall thereafter include both (i) the exclusions listed in the standard "Schedule of Exclusions from Coverage" of the ALTA tended Coverage Title Policy, and (ii) any off-record matters not reflected in the Pro Forma Title Policy that Title Insurer determines, by an ALTA survey or otherwise, will affect the Land.
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Extended Coverage Title Policy. If Purchaser should elect to obtain an extended coverage title policy, Seller agrees to use commercially reasonable efforts to satisfy all reasonable requirements to the issuance of the title policy to the extent within the discretion or control of Seller.
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Extended Coverage Title Policy. Survey. Notwithstanding the -------------------------------------- provisions of Section 7(a), Holder may require that the title policy be an Extended Coverage Title Policy. In that event, Holder shall (i) obtain and provide to the title insurer any survey that the title insurer might require in order to issue the title policy as an Extended Coverage Title Policy and (ii) pay the increase in the premium attributable to the extended coverage. Within three days after Escrow opens, Owner shall send to Holder a copy of the most recent survey (if any) of the Offered Parcel that Owner has in its possession.
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Extended Coverage Title Policy. An ALTA Extended Coverage Owner's ------------------------------ Policy of Title Insurance.
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Related to Extended Coverage Title Policy

  • Fire and Extended Coverage Insurance a. Further to Paragraph 12(b) of this Lease Agreement and throughout the Term, and provided Lessee pays the premiums for such insurance as set forth below and in accordance with Paragraph 12(b), Lessor agrees to carry policies insuring the Building against fire and such other perils, in an amount equal to the full replacement value of such improvements, together with insurance against such other risks (including loss of rent) including Fire, Extended Coverage, Vandalism and Malicious Mischief (Special Form), Sprinkler, Rent, and Casualty and in such amounts as Lessor deems appropriate. Lessee agrees to pay as additional rent to Lessor the cost of said insurance, as well as any increases described in Paragraph 12(b). Such cost of said insurance, as stated above, shall be paid by Lessee to Lessor as additional rent, in addition to the minimum rental hereon reserved, at the option of Lessor (a) monthly, being one-twelfth (1/12th) portion of the estimated premiums due, with an adjustment made during the month of January of each year of the Lease to correct the deficiency or overpayment for the prior calendar year; or (b) within thirty (30) days of proof of payment of such insurance. Such insurance shall not include Lessee’s furniture, fixtures, equipment or improvements. The amount due hereunder on account of said insurance shall be apportioned for that part of the first and last calendar years covered by the Term hereof. b. Lessee agrees to follow the recommendations of Lessor, or its agents, or the insurance company, relative to the condition or maintenance or operations of the Demised Premises so as to help lower the premium rate of insurance or maintain the insurability of the Demised Premises.

  • Title Policy The Title Company shall be prepared to issue, upon payment of the title premium at its regular rates, a title policy in the amount of the Purchase Price, insuring title to the Property is vested in the Purchaser or its designee or assignee, subject only to the Permitted Exceptions, with such endorsements as shall be reasonably required by the Purchaser.

  • Title Policies The Title Company shall be prepared, -------------- subject only to payment of the applicable premium, endorsement and related fees and delivery of all conveyance documents in recordable form, to issue a title insurance policy to Purchaser, subject only to the Permitted Encumbrances, in accordance with Section 3.3. -----------

  • Continuing Coverage If a letter of assurance is obtained from any insurer under a Hazard Insurance policy or a Flood Insurance policy that the insurance coverage shall continue in full force and effect, the Servicer shall deposit such letter in the appropriate Servicer Mortgage Loan File.

  • Required Coverage Commercial General Liability - The Vendor/Contractor shall maintain coverage issued on the most recent version of the ISO form as filed for use in Florida or its equivalent, with a limit of liability of not less than $1,000,000 per occurrence. Vendor/Contractor further agrees coverage shall not contain any endorsement(s) excluding or limiting Product/Completed Operations, Contractual Liability, or Separation of Insureds. The General Aggregate limit shall either apply separately to this contract or shall be at least twice the required occurrence limit. Required Endorsements: Additional Insured- CG 20 26 or CG 20 10/CG 20 37 or their equivalents. Note: CG 20 10 must be accompanied by CG 20 37 to include products/completed operations Waiver of Transfer of Rights of Recovery- CG 24 04 or its equivalent. Note: If blanket endorsements are being submitted please include the entire endorsement and the applicable policy number. Business Automobile Liability - The Vendor/Contractor shall maintain coverage for all owned; non-owned and hired vehicles issued on the most recent version of the ISO form as filed for use in Florida or its equivalent, with limits of not less than $500,000 (five hundred thousand dollars) per accident. In the event the Vendor/Contractor does not own automobiles the Vendor/Contractor shall maintain coverage for hired and non-owned auto liability, which may be satisfied by way of endorsement to the Commercial General Liability policy or separate Business Auto Liability policy.