Standard Coverage definition
Examples of Standard Coverage in a sentence
At the Close of Escrow, the Title Company will issue to Buyer at Buyer's sole cost and expense an ALTA Standard Coverage Policy (1990) with coverage in an amount equal to the appraised value of the Real Property as determined by Buyer in its sole discretion, showing title to the Real Property vested in Buyer, subject only to the Permitted Exceptions and the standard printed exceptions and conditions in the policy of title insurance ("TITLE POLICY").
The Available Balance used for ATM and everyday debit card transactions on accounts with Standard Coverage is the ledger balance (previous day’s statement balance), plus deposits, less any holds on deposited funds, plus any available Overdraft Protection, but does NOT include the Overdraft Privilege limit.
Owner shall provide Holder with an ALTA Standard Coverage Owner's Policy of Title Insurance insuring title, subject only to the printed exceptions of the policy and those encumbrances that Holder elects to accept.
Buyer will not be required to complete the ------------ Transaction unless the Title Company as named in Section 1 is committed to issue an ALTA Standard Coverage Owner's Policy of Title Insurance (the "Title Policy") insuring Buyer in the amount of the Purchase Price upon the close of Escrow.
Purchaser or Target (at Purchaser’s option) shall have received at Purchaser’s option, either (i) an ALTA Owner’s Standard Coverage Title Insurance Policy; or (ii) an ALTA Extended Coverage Title Insurance Policy with respect to the Premises, issued by a nationally recognized title insurance company, insuring Purchaser in such amounts and together with such endorsements as Purchaser shall reasonably require (all such endorsements to be paid for by Purchaser unless otherwise agreed between the parties).