Monetary Exceptions Sample Clauses
Monetary Exceptions. State's title to the Designated Lands shall be delivered free of monetary exceptions, except the lien of the Deed of Trust, if applicable. Scotia shall be required to remove all other monetary exceptions prior to the Outside Date or, at Scotia's election, they may be paid at the Closing out of Scotia's proceeds.
Monetary Exceptions. State's title to the Designated Lands shall be delivered free of monetary exceptions. Palco shall be required to remove the same prior to the Outside Date or, at Palco's election, they may be paid at the Closing out of Palco's proceeds.
Monetary Exceptions. Notwithstanding anything to the contrary, (1) any deed of trust and other monetary lien or encumbrance which results from a recorded agreement executed by a Seller affecting any of the Constituent Properties, and (2) all real estate taxes and assessments due and payable in respect to any Constituent Property for any period prior to the Closing, whether or not timely objected to by Buyer, shall not be Permitted Exceptions and shall be removed, endorsed over or terminated, as applicable, by Sellers at Sellers’ sole cost and expense at or before Closing.