Title Report and Survey Sample Clauses

Title Report and Survey. (a) Seller, at Seller's cost, shall deliver to Purchaser within three (3) days of the mutual execution of this Agreement, an ALTA owner's extended coverage title commitment and full, legible copies of all exceptions of record for Purchaser's review ("Title Report"), to be paid for by Seller. Purchaser shall have twenty (20) days from receipt of such items to approve such items or state Purchaser's objections. Title to the Property shall be good and marketable (i) free and clear of all liens, restrictions, encumbrances, claims or liens by contractors, subcontractors, mechanics and materialmen, financing statements or other personal property liens or encumbrances and other title objections, other than the Permitted Exceptions, (ii) affirmatively insured as contiguous with no gaps or gores, and (iii) insurable as aforesaid at ordinary rates by the Title Insurer. There shall be no exception for possible mechanics liens or possible unsettled taxes of any kind against Seller or the Property. Seller shall pay and discharge all liens at or before Closing; if Seller fails to do so, Purchaser shall have the options set forth in Section 10.4 below. Between the time period commencing on the Effective Date and ending on the earlier of Closing or termination of this Agreement, Seller agrees that it will take no action to convey any interest in the Property to anyone other than Purchaser. (b) Seller has provided Purchaser prior to the execution of this Agreement an updated ALTA/ACSM Survey of the Property and the Retained Parcel (the "Survey"). The Survey was performed to ALTA/ACSM standards. Seller shall pay for the costs of the Survey. The Survey was certified to Purchaser as of November 2, 2004. It reflected all physical conditions affecting the Property and the Retained Parcel, sufficient for deletion of the Survey exceptions from the Title Insurance Policy.

Title Report and Survey. The Company has obtained and delivered to the Agency (i) a title report (in form and substance acceptable to the Agency) reflecting all matters of record with respect to the Land and existing Improvements, including municipal searches and

Title Report and Survey. (a) Within fifteen (15) days after the Effective Date (defined below), Seller, at its sole cost and expense, will deliver or cause to be delivered to Purchaser the following: (1) Commitment for Title Insurance (the “Title Commitment”) from LandAmerica Charter Title Company, ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇, Attention: ▇▇▇▇▇ ▇▇▇▇ (the “Title Company”), setting forth the status of title to the Property and showing all liens, claims, encumbrances, easements, rights-of-way, encroachments, reservations, restrictions, and any other similar matters affecting the Property or Seller’s title thereto; and (2) Copies of all documents referred to in the Title Commitment that are available to the Title Company, including but not limited to deeds, lien instruments, plats, encumbrances, reservations, restrictions and easements. (b) Seller has made available to Purchaser Seller’s most recent survey of the Property or portion thereof. Purchaser agrees that it will be responsible, at its cost and expense, for ordering and securing a new survey or update of any existing survey and a certified metes and bounds description of the Property (the “Survey”). Such Survey must be reasonably acceptable to Seller and the Title Company and must be delivered to such parties not later than thirty (30) days after the Effective Date. For purposes of the property description to be included in the Deed (as defined below) to be delivered pursuant to Section 5(b)(2)(a) hereof, the field notes and certified metes and bounds description of the Property prepared by the surveyor will control any conflicts or inconsistencies with the description of the Property in Section 1(a) hereof, and such field notes and description will be incorporated in this Agreement upon their completion and approval by Seller. Seller agrees that it will reimburse Purchaser upon the Closing for Purchaser’s cost of the Survey up to a maximum of $3,000.00. (c) Purchaser will have until fifteen (15) days from Purchaser’s receipt of the Title Commitment (accompanied by legible copies of the instruments listed as title exceptions that are available to the Title Company) within which to object in writing to any items affecting title to the Property which are disclosed by such items (the “Encumbrances”). If Purchaser makes any such objections, then Seller will have a period of ten (10) days thereafter within which to cure all Encumbrances objected to by Purchaser (other than objections pertaining to monetary liens which may...

Title Report and Survey. Within ten (10) days after the date hereof, the Seller shall deliver to the Buyer's counsel copies of all existing title policies and surveys with respect to the Real Property.

Title Report and Survey. If Buyer wishes to object to a survey and/or title report (each a "Title Document") required to be delivered to Buyer with respect to each Owned Property or Leased Property, Buyer shall provide Seller with written notice of Buyer's objections with respect to a particular property ("Buyer's Title Notice") in reasonable specificity before: (a) if, prior to the date hereof, Buyer has received all Title Documents required to be delivered to Buyer with respect to a particular property, twenty-one (21) calendar days from the date hereof, or (b) if, prior to the date hereof, Buyer has not received all Title Documents required to be delivered to Buyer with respect to a particular property, twenty-one (21) calendar days from Buyer's receipt of all Title Documents with respect to a particular property.

Title Report and Survey. Buyer shall receive a preliminary title report or commitment for title insurance (the “Preliminary Title Report”), dated no earlier than 10 days before the Effective Date, covering the Property and issued by Chicago Title Insurance Company or companies acceptable to Buyer (the “Title Company”), together with a legible copy of each document, map and survey referred to in the Preliminary Title Report. Buyer, at Buyer’s sole cost, may obtain an as-built survey of the Property (the “Survey”) prepared by a certified land surveyor in accordance with the most recent American Land Title Association standards, certified by such surveyor to Buyer and the Title Company in a form acceptable to the Title Company for the purpose of deleting any survey exception from the Title Policy described in Section 4.1.3.

Title Report and Survey. Buyer hereby acknowledges that it has received a copy of the Title Report and the Survey, together with copies of all recorded documents referenced in the Title Report. If Buyer desires Extended Coverage, Buyer may, at its sole expense, update or supplement the Survey or replace it with a new Survey, so long as it obtains such updated, supplemental or replacement Survey, and delivers a copy of it to Seller, at least ten (10) days before the Approval Date.

Title Report and Survey. A preliminary title report or commitment for title insurance (the “Preliminary Title Report”), dated no earlier than 60 days before the Effective Date, covering the Property and issued by the Title Company, together with a legible copy of each document, map and survey referred to in the Preliminary Title Report; provided, that Buyer, not Seller, shall be responsible for obtaining and making available the foregoing in the electronic data room. Buyer, at Buyer’s sole cost, may obtain an as-built survey of the Property (the “Survey”) prepared by a certified land surveyor in accordance with the most recent American Land Title Association standards, certified by such surveyor to Buyer and the Title Company in a form acceptable to the Title Company for the purpose of deleting any survey exception from the Title Policy described in Section 4.4.3.

Title Report and Survey. Shareholders and the Company shall cause to be provided to Buyer a survey and preliminary title report (each a “Title Document”) with respect to the Owned Property no less than twenty-one (21) days prior to the Closing Date. At any time on or prior to the Closing Date, Buyer may provide written notice to Shareholders Representative of Buyer’s objections to any encumbrances, exceptions to title and other endorsements that reflect facts inconsistent with any representation or warranty made by Company or Shareholders in this Agreement.