No Monetary Liens Sample Clauses

No Monetary Liens. Notwithstanding anything to the contrary contained in this Agreement, Seller shall be obligated to remove (regardless of whether Buyer objects thereto) all deeds of trust, mortgages, mechanics’ liens, UCC filings, judgments, and other monetary liens voluntarily imposed on the Property by Seller or arising against the Property as a result of Seller’s (or its agents’ or affiliates’) actions or negligent or intentional omissions or improvements made to, or services rendered in connection with the Property at the request of, or on behalf of, Seller; it being the intent of the parties that the Property be conveyed to Buyer free and clear of all such monetary liens, and in no event shall any such monetary liens be deemed Permitted Title Exceptions.
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No Monetary Liens. At or prior to Closing, Seller shall be obligated to remove (regardless of whether Buyer objects thereto) all deeds of trust, mortgages, mechanics’ liens, UCC filings, license fees, assessments, judgments, and other monetary liens with respect to the Mobile Home. Seller agrees that the Mobile Home shall be conveyed to Buyer free and clear of all liens and encumbrances.
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No Monetary Liens. Prior to or at Closing, Seller shall be obligated to remove and satisfy (regardless of whether Buyer has objected thereto) all liens, encumbrances, lienholders, UCC filings, leases, tax liens, judgments and other monetary liens or encumbrances on the Purchased Assets; it being the intent of the Parties that the Purchased Assets shall be conveyed to Buyer free and clear of all monetary liens and encumbrances whatsoever. Withholding Tax. Buyer shall be entitled to deduct and withhold from any consideration otherwise payable pursuant to this APA (including, but not limited to, the Purchase Price) and remit directly to appropriate governmental authorities such amounts that Buyer may be required or permitted to deduct and withhold under any provision of applicable tax laws. All such withheld amounts shall be treated as delivered to Seller hereunder.
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No Monetary Liens. School District shall convey to College District fee title to the School District Property free of all mortgages, deeds of trust, mechanics' liens, and all other monetary liens.
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No Monetary Liens. Other than the Resident Mortgages and liens that will be satisfied or released at or before Closing, there are no Monetary Liens encumbering the Purchased Assets, and the Purchased Assets are free and clear of any such Monetary Liens. “Monetary Liens” shall mean liens of the type customarily placed on assets as security in favor of a lender in connection with funded indebtedness.
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No Monetary Liens. Any Monetary Liens shall have been cured or removed.
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Related to No Monetary Liens

  • No Mechanics' Liens There are no mechanics’ or similar liens or claims which have been filed for work, labor or material (and no rights are outstanding that under the law could give rise to such liens) affecting the related Mortgaged Property which are or may be liens prior to, or equal or coordinate with, the lien of the related Mortgage;

  • Title; Liens The Issuer has good, legal and marketable title to each of its respective assets, and none of such assets is subject to any Lien, except for Permitted Encumbrances and the Liens created or permitted pursuant to the Indenture.

  • Title to Properties; Absence of Liens and Encumbrances (a) The Company owns no real property, nor has it ever owned any real property. Schedule 2.10(a) sets forth a list of all real property currently leased by the Company, the name of the lessor and the date of the lease and each amendment thereto. All such current leases are in full force and effect, are valid and effective in accordance with their respective terms, and there is not, under any of such leases, any existing default or event of default (or event which with notice or lapse of time, or both, would constitute a default) by the Company or, to the knowledge of the Company, any other party.

  • Permitted Encumbrances The term “Permitted Encumbrances” shall mean:

  • Title to Properties; Liens and Encumbrances The Company has good and marketable title to all of its material properties and assets, both real and personal, and has good title to all its leasehold interests, in each case subject only to mortgages, pledges, liens, security interests, conditional sale agreements, encumbrances or charges created in the ordinary course of business.

  • Liens Create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than the following:

  • Existing Liens Set forth on Schedule 4.01(p) hereto is a complete and accurate list as of the date hereof of all Liens on the property or assets of any Loan Party or any of its Subsidiaries, showing the lienholder thereof, the principal amount of the obligations secured thereby and the property or assets of such Loan Party or such Subsidiary subject thereto.

  • Payment of Leasehold Obligations Each Borrower shall at all times pay, when and as due, its rental obligations under all leases under which it is a tenant, and shall otherwise comply, in all material respects, with all other terms of such leases and keep them in full force and effect and, at Agent’s request will provide evidence of having done so.

  • No New Liens The parties hereto agree that, so long as the Discharge of Senior Obligations has not occurred, (a) none of the Grantors shall grant or permit any additional Liens on any asset or property of any Grantor to secure any Second Priority Debt Obligation unless it has granted, or concurrently therewith grants, a Lien on such asset or property of such Grantor to secure the Senior Obligations; and (b) if any Second Priority Representative or any Second Priority Debt Party shall hold any Lien on any assets or property of any Grantor securing any Second Priority Obligations that are not also subject to the first-priority Liens securing all Senior Obligations under the Senior Collateral Documents, such Second Priority Representative or Second Priority Debt Party (i) shall notify the Designated Senior Representative promptly upon becoming aware thereof and, unless such Grantor shall promptly grant a similar Lien on such assets or property to each Senior Representative as security for the Senior Obligations, shall assign such Lien to the Designated Senior Representative as security for all Senior Obligations for the benefit of the Senior Secured Parties (but may retain a junior lien on such assets or property subject to the terms hereof) and (ii) until such assignment or such grant of a similar Lien to each Senior Representative, shall be deemed to hold and have held such Lien for the benefit of each Senior Representative and the other Senior Secured Parties as security for the Senior Obligations.

  • No Encumbrances Borrower has good and indefeasible title to the Collateral, free and clear of Liens except for Permitted Liens.

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