Issuance of Title Policies Clause Samples

The 'Issuance of Title Policies' clause establishes the requirement for a title insurance company to provide official title insurance policies to the parties involved in a real estate transaction. Typically, this clause outlines the timing, form, and conditions under which the title policies must be delivered, such as after closing or upon satisfaction of certain requirements. Its core function is to ensure that the buyer and lender receive legal assurance regarding the ownership and status of the property, thereby protecting them from potential title defects or claims.
Issuance of Title Policies. Buyer shall have the right to cause the Title Company to issue to Buyer as soon as practicable after Closing the Title Policies pursuant to the Title Commitments in the applicable amount of the Purchase Price as reflected on the Purchase Price Allocation attached hereto as Exhibit P insuring good of record and in fact and marketable fee simple title to each of the Properties.
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Issuance of Title Policies. Title Insurer shall be irrevocably committed to issue a Title Policy to each of Housing Authority and Encore in such form as is acceptable to Housing Authority and Encore.
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Issuance of Title Policies. The Title Company shall have issued, or irrevocably and unconditionally committed to issue, the Title Policies as herein contemplated subject only to the Permitted Exceptions with respect thereto.
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Issuance of Title Policies. At the Close of Escrow, Title Company shall be in a position to issue to Buyer, with a copy to Seller, a policy of title insurance with respect to each Property, insuring good and indefeasible title to such Property vested in Buyer as of the Closing Date, free of all encumbrances except: (a) liens for Impositions; (b) those liens or encumbrances which were in effect on the date Seller or Seller’s Affiliate(s) first acquired title to or an interest in the Property; (c) those liens or encumbrances consented to by the Lessee during the term of the Master Lease with respect to the Properties (or the Original Leases, as defined in the Master Lease with respect to the Properties) or which were created or suffered by Buyer or Lessee prior to the Closing; and (d) all other exceptions shown on the applicable Title Report (or any supplements thereto issued prior to the Closing) or disclosed by the applicable ALTA Survey for such Property and not disapproved by Buyer pursuant to Sections 5.2.1 or 5.1.1.1(b) above. Each policy (a “Title Policy”), when issued, shall: (i) be in current ALTA extended coverage form; (ii) include such endorsements as Buyer may reasonably require (subject to availability); and (iii) be issued in the amount of the Purchase Price allocated to the respective Property pursuant to Exhibit “G” attached hereto. The cost of each Title Policy and all endorsements thereto shall be borne by Buyer as provided in Section 6.6 below.
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Related to Issuance of Title Policies

  • Evidence of Title Evidence that title to a REO is held by the Trustee shall be submitted by the Servicer to the Master Servicer and, if applicable, to the Primary Mortgage Insurer and/or the Pool Insurer, within ten Business Days after marketable title to such REO has been acquired.

  • Conveyance of Title Upon closing, Seller shall execute and deliver to Buyer a Patent, Grant Deed, or Quit Claim Deed conveying title to the Cabin/Home Site. Buyer shall also receive a ▇▇▇▇ of Sale executed by the current owner of the Personal Property in form of Exhibit B, attached hereto. If Buyer and the owner of the Personal Property are identical, then the ▇▇▇▇ of Sale shall be returned to said party.

  • Out of Title Work Employees who are temporarily required to perform duties of a higher pay grade or classification shall be compensated at a rate relative to his or her current status and in line with the higher grade classification. Requests for temporary classifications must be submitted to the Human Resources office for approval. Assignments must be for a minimum of ten (10) days with pay retroactive to the first day upon reaching the tenth (10th) day in the temporary assignment.

  • 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. -----------

  • Defense of Title to Collateral Each Borrower shall at all times defend its title to Collateral and Agent’s Liens therein against all Persons, claims and demands whatsoever, except Permitted Liens.