Common use of Improvement Liens Clause in Contracts

Improvement Liens. Certified, confirmed or ratified liens fully due and payable for governmental improvements as of the Closing, if any, shall be paid in full by Seller, and pending liens or installment liens accruing after the Closing Date for governmental improvements completed as of the Closing shall be assumed by Purchaser.

Appears in 1 contract

Samples: Agreement of Sale and Purchase (NNN Healthcare/Office REIT, Inc.)

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Improvement Liens. Certified, confirmed or ratified liens fully due and payable for governmental improvements as of the ClosingClosing Date, if any, shall be paid in full by Seller, and pending liens or installment liens accruing after for governmental improvements as of the Closing Date for shall be assumed by the Purchaser, provided that where the governmental improvements improvement has been substantially completed as of the Closing Date, such pending lien shall be assumed by Purchaserconsidered certified.

Appears in 1 contract

Samples: Real Estate Purchase and Sale Agreement (Mego Financial Corp)

Improvement Liens. Certified, confirmed or ratified liens fully due and payable for governmental improvements as of the date of Closing, if any, shall be paid in full by Seller, and pending liens or installment liens accruing after the Closing Date for governmental improvements completed as of the date of Closing shall be assumed by Purchaser, provided that where the improvement has been substantially completed as of the date of Closing, such pending lien shall be considered certified.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Banyan Rail Services Inc.)

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Improvement Liens. Certified, confirmed or ratified liens fully due and payable for governmental improvements as of the Closing, date of closing; if any, shall be paid in full by the Seller, and pending liens or installment liens accruing after for governmental improvements, if any, as of the Closing Date for governmental improvements shall be assumed by the Buyer, provided that where the improvement has been substantially completed as of the Closing Date, such pending lien shall be assumed by Purchaserconsidered certified.

Appears in 1 contract

Samples: Agreement for Purchase and Sale

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