Common use of Title Commitments and Title Policies Clause in Contracts

Title Commitments and Title Policies. Purchaser shall order owner’s title insurance commitments (collectively, the “Title Commitments”) with respect to the Properties issued by the Title Company, for ALTA Owner’s Extended Coverage Title Insurance Policies, together with any endorsements, that Purchaser may reasonably require (collectively, the “Title Policies”). Purchaser shall cause copies of the Title Commitments to be delivered to Seller. All costs related to the Title Policies, escrow fees and other closing costs shall be included in Transaction Costs, payable as set forth in and subject to Section 1.05.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Lubys Inc)

Title Commitments and Title Policies. Purchaser shall order owner’s title insurance commitments (collectively, the “Title Commitments”) with respect to the Properties issued by the Title Company, for ALTA Owner’s Extended Coverage Title Insurance Policies, together with any endorsements, that Purchaser may reasonably require (collectively, the “Title Policies”). Purchaser shall cause copies of the Title Commitments to be delivered to Seller. All costs related to the Title Policies, escrow fees and other closing costs shall be are included in as Transaction Costs, payable as set forth in and subject to Section 1.05by Seller.

Appears in 1 contract

Sources: Purchase and Sale Agreement (ARC Group, Inc.)