Updated Title Commitment definition
Examples of Updated Title Commitment in a sentence
Obligations with respect to special assessments which are not yet due and payable as shown on the Updated Title Commitment.
Any matters disclosed in the Updated Title Commitment which were not exceptions in the Title Commitment and were not of record on the Effective Date shall automatically be deemed Title Defects which Contributor shall be obligated to cure unless such matters were placed of record with GIPLP’s joinder and consent.
The Permitted Exceptions in the Title Commitment and Additional Permitted Exceptions in the Updated Title Commitment shall collectively be referred to as “Final Permitted Exceptions”.
An update of the Title Commitment certified to within ten (10) days prior to the Closing Date (the "Updated Title Commitment"); and b.
Buyer shall then have until 5:00pm MT on the date that is 3 business days from receipt of the Updated Title Commitment to review said Updated Title Commitment (“Second Title Objection Deadline").
Seller will be responsible for the payment for all Title Commitments (and any amendments, updates, and supplements thereto) and all recording charges and expenses incurred in connection with recording any Project Real Property Agreement (or amendments or memoranda thereof), any Curative Documents, and any fees and related charges incurred for title curative measures, the Title Commitment, and Updated Title Commitment.
Buyer’s objections to items in the Updated Title Commitment are limited to those items which did not appear in the Title Commitment.
The Updated Title Commitment shall show Seller as the present fee owner of the Property and show Buyer as the fee owner to be insured and insuring Buyer in the amount of the Purchase Price.
The Updated Title Commitment will evidence a commitment to issue a Title Policy insuring good and valid fee simple title to each of the Owned Real Properties subject to no Liens other than Permitted Liens.
There is no pending or threatened litigation, condemnation proceeding, or annexation proceeding affecting the Owned Property and there are no governmental assessments not disclosed herein or not disclosed in the Updated Title Commitment or any agreements to convey any portion of the Owned Property, or any rights thereto, to any party other than Purchaser, including without limitation, any government or governmental agency.