Examples of Encumbrance in a sentence
If any mortgage, lien or other encumbrance (an “Encumbrance”) is filed against the Premises or Building due to an action or inaction of Tenant or its agents or representatives, Tenant shall dismiss or bond against such Encumbrance within fifteen (15) days after the filing.
Encumbrance include any mortgage, deposit, charge, assignment, pledge, lien, or other encumbrance, priority or security interest or arrangement of whatsoever nature securing any obligations of any person or any other type of preferential arrangement having similar effect.
This obligation will be recorded in the Master Encumbrance if required by HNZ Build.] Developer responsible for development contribution levies: The Developer is responsible for all development contribution levies or infrastructure growth charges imposed by any Authority for any subsequent subdivision or development of the Super Lot[s].
HNZ Build acknowledges that any changes to the Master Encumbrance made between the date of this Agreement and the Settlement Date for [the/a] Super Lot, and any interest registered under clause 12.5(d), must not materially adversely affect: the value of [the Super Lot] / [a Super Lot that it is registered against]; or the ability of the Developer to undertake the Project.
If Tenant fails to remove such Encumbrance within such fifteen (15) day period, Library shall have the absolute right to remove such Encumbrance by any appropriate means, including, without limitation, payment of such Encumbrance, in which event Tenant shall reimburse Library, as additional rent, all costs expended by Library, including reasonable attorneys’ fees, in removing such Encumbrance.