Common use of Seller’s Obligation to Remove Liens Clause in Contracts

Seller’s Obligation to Remove Liens. Notwithstanding Purchaser’s delivery of a Waiver Notice, or anything else to the contrary in this Contract, Seller must remove at or prior to the Closing any mortgages and mechanics and materialmen liens created, suffered or incurred by, through or under Seller against the Property.

Appears in 6 contracts

Samples: Purchase Agreement (Carter Validus Mission Critical REIT II, Inc.), Purchase Agreement (Carter Validus Mission Critical REIT II, Inc.), Purchase Agreement (Carter Validus Mission Critical REIT II, Inc.)

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Seller’s Obligation to Remove Liens. Notwithstanding Purchaser’s delivery of a Waiver Notice, or anything else to the contrary in this Contract, Seller must remove at or prior to the Closing any mortgages and mechanics and materialmen liens created, suffered or incurred by, through or under Seller against the Property; provided, however, if Seller in good faith disputes any such mechanics’ and materialmen’s lien it may bond around such lien in lieu of removing it.

Appears in 1 contract

Samples: Purchase Agreement (Carter Validus Mission Critical REIT, Inc.)

Seller’s Obligation to Remove Liens. Notwithstanding Purchaser’s delivery of a Waiver Notice, or anything else to the contrary in this Contract, Seller must remove at or prior to the Closing any mortgages deeds of trust and mechanics and materialmen liens created, suffered or incurred by, through or under Seller against the Property.

Appears in 1 contract

Samples: Purchase Agreement (Carter Validus Mission Critical REIT, Inc.)

Seller’s Obligation to Remove Liens. Notwithstanding Purchaser’s delivery of a Waiver Notice, or anything else to the contrary in this Contract, Seller must remove at or prior to the Closing any mortgages mortgages, mechanics’ and mechanics materialmen’s liens, judgment liens and materialmen any other monetary liens created, suffered or incurred by, through or under Seller against the Property, and pay the Waiver Fee.

Appears in 1 contract

Samples: Purchase Agreement (Carter Validus Mission Critical REIT II, Inc.)

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Seller’s Obligation to Remove Liens. Notwithstanding Purchaser’s delivery of a Waiver Notice, or anything else to the contrary in this ContractAgreement, Seller Owner and/or Operator, as applicable, must remove at or prior to the Closing any mortgages and all liens and encumbrances (except those encumbrances which may be approved in writing by Purchaser, mortgages, security interests and mechanics and materialmen liens created, suffered or incurred by, through or under Seller Owner and Operator, against the Property.

Appears in 1 contract

Samples: Purchase and Sale Agreement (MedEquities Realty Trust, Inc.)

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