Common use of Preliminary Evidence of Title Clause in Contracts

Preliminary Evidence of Title. Within thirty (30) days following the Effective Date, Purchaser shall use commercially reasonable efforts to obtain each of the following documents (and shall provide to Seller a copy of such documents promptly after Purchaser's receipt thereof): (a) with respect to the Owned Properties, title insurance commitments (the "OWNER'S TITLE COMMITMENTS") for ALTA Form B (1992) Owner's Title Insurance Policies proposing to insure Purchaser and committing to insure each Owned Property, issued by First American Title Insurance Company (referred to herein as the "TITLE COMPANY" or "ESCROWEE"). (b) with respect to the Leased Properties, leasehold title insurance commitments (the "LEASEHOLD COMMITMENTS," and, together with the Owner's Title Commitments, the "TITLE COMMITMENTS") for ALTA Leasehold Owners Title Insurance Policies proposing to insure Purchaser and committing to insure the leasehold interest in each Leased Property, issued by the Title Company. (c) current survey plats (collectively, the "SURVEYS") of each of the Properties certified to Purchaser and the Title Company (and such other persons or entities as Purchaser may designate) by a surveyor registered in the state in which such Property is located, prepared in accordance with the Minimum Standard Detail Requirements for ALTA/ACSM Land Title Surveys.

Preliminary Evidence of Title. Within thirty (30) days following the Effective Date, Purchaser shall use commercially reasonable efforts to obtain each of the following documents (and shall provide to Seller a copy of such documents promptly after Purchaser's ’s receipt thereof): (a) with respect to the Owned Properties, title insurance commitments (the "OWNER'S TITLE COMMITMENTS"“Owner’s Title Commitments”) for ALTA Form B (1992) Owner's ’s Title Insurance Policies proposing to insure Purchaser and committing to insure each Owned Property, issued by First American Title Insurance Company (referred to herein as the "TITLE COMPANY" “Title Company” or "ESCROWEE"“Escrowee”). (b) with respect to the Leased Properties, leasehold title insurance commitments (the "LEASEHOLD COMMITMENTS“Leasehold Commitments," ” and, together with the Owner's ’s Title Commitments, the "TITLE COMMITMENTS"“Title Commitments”) for ALTA Leasehold Owners Title Insurance Policies proposing to insure Purchaser and committing to insure the leasehold interest in each Leased Property, issued by the Title Company. (c) current survey plats (collectively, the "SURVEYS"“Surveys”) of each of the Properties certified to Purchaser and the Title Company (and such other persons or entities as Purchaser may designate) by a surveyor registered in the state in which such Property is located, prepared in accordance with the Minimum Standard Detail Requirements for ALTA/ACSM Land Title Surveys.