Common use of Title Policy Commitment Clause in Contracts

Title Policy Commitment. If desired by Purchaser in addition to the existing title insurance policy owned by Seller, as of the Closing Date, a title insurance company satisfactory to Purchaser, at Purchaser's sole expense, shall have issued its commitment to approve and insure Seller's ownership of the Real Estate, in an amount equal to the portion of the Purchase Price allocated to the Real Estate, under its standard policy of title insurance, subject only to the Liens and encumbrances specified in Section 2.7(b).

Title Policy Commitment. If desired by Purchaser in addition to the existing title insurance policy owned by SellerProperties, as of the Closing Date, a title insurance company satisfactory to Purchaser, at Purchaser's sole expense, shall have issued its commitment to approve and insure Seller's Properties' ownership of the Real Estate, in an amount equal to the portion of the Purchase Price allocated to the Real Estate, under its standard policy of title insurance, subject only to the Liens and encumbrances specified in Section 2.7(b).