Additional Encumbrances definition

Additional Encumbrances has the meaning set forth in Section 5.02(b).
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Additional Encumbrances. None during the term of the Loan, except as provided herein. Transferability of the Loan: Lender shall have the right to freely transfer all or any portion of its interest in the Loan or the servicing for the Loan.
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Additional Encumbrances has the meaning set out in Section 2.03(3);
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Examples of Additional Encumbrances in a sentence

  • If such Transferee does not approve such Amendment within such three (3) business day period, such Additional Encumbrances shall be deemed disapproved.

  • In addition, Seller may propose Additional Encumbrances to Purchaser, for Purchaser’s approval.

  • If Buyer elects the latter, any uncured or remaining Liens or Additional Encumbrances shall be deemed Permitted Encumbrances.

  • After the Effective Date, Seller covenants not to cause Additional Encumbrances to be imposed on the Real Property which shall encumber the Real Property after the Close of Escrow without Purchaser’s prior written consent, not be unreasonably withheld or delayed.

  • If the Additional Encumbrances are not approved, then, except with respect to monetary liens or encumbrances voluntarily created by the Transferor Party, such Transferor Party shall have the right to terminate this Agreement in accordance with the provisions of the Section hereof entitled "Non Default Termination" unless Transferor Party has elected (i) in the next succeeding sentence.

  • Seller shall remove all of those encumbrances or exceptions to title which are created by, through or under Seller after the date of the Title Insurance Commitment and which are not consented to by Buyer under the terms hereof (the "Additional Encumbrances").

  • If Buyer does not so elect to terminate this Contract, Buyer shall consummate the purchase of the Property and, at the Closing, Buyer shall receive a credit to the Purchase Price in the amount of all costs incurred by Buyer to remove the Additional Encumbrances.

  • If such Transferee Party approves the Additional Encumbrances within such time period, then the Additional Encumbrances shall be deemed Permitted Exceptions and the Title Pro Forma identified on Exhibit L for the Property affected shall be deemed amended to incorporate the Amendment.

  • Seller shall advise Purchaser of its election to attempt to cure such Title Objection or Additional Encumbrances within five (5) business days of receipt of any Title Objection or notice of an Additional Encumbrance.

  • If such Additional Encumbrances which are required to be removed by Seller under the terms of this Agreement cannot be removed by use of such commercial reasonable best efforts, Seller shall give Purchaser written notice to that effect whereupon Purchaser has the right to terminate this Agreement in its entirety and receive the refund of its Deposit or (ii) accept title to the Property subject to the uncured Additional Encumbrances which shall be Purchaser's sole remedy hereunder.


More Definitions of Additional Encumbrances

Additional Encumbrances means any lien, mortgage, security interest, tax lien, pledge, encumbrance or conditional sale or title retention arrangement, or any other interest in property designed to secure the repayment of indebtedness, whether arising by agreement or under any statute or law or otherwise.
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Related to Additional Encumbrances

  • Permitted Encumbrances means:

  • Permitted Real Property Encumbrances means (i) those liens, encumbrances and other matters affecting title to any Mortgaged Property listed in the applicable title policy in respect thereof (or any update thereto) and found, on the date of delivery of such title policy to the Administrative Agent in accordance with the terms hereof, reasonably acceptable by the Administrative Agent, (ii) as to any particular real property at any time, such easements, encroachments, covenants, restrictions, rights of way, minor defects, irregularities or encumbrances on title which do not, in the reasonable opinion of the Administrative Agent, materially impair such real property for the purpose for which it is held by the mortgagor or owner, as the case may be, thereof, or the Lien held by the Administrative Agent, (iii) municipal and zoning laws, regulations, codes and ordinances, which are not violated in any material respect by the existing improvements and the present use made by the mortgagor or owner, as the case may be, of such real property, (iv) general real estate taxes and assessments not yet delinquent, and (v) such other items as the Administrative Agent may consent to.

  • Permitted Encumbrance means, with respect to any Mortgaged Property, such exceptions to title as are set forth in the Mortgage Policy delivered with respect thereto, all of which exceptions must be acceptable to the Administrative Agent in its reasonable discretion.

  • Encumbrances means any mortgages, pledges, liens, security interests, conditional and installment sale agreements, activity and use limitations, conservation easements, deed restrictions, encumbrances and charges of any kind.

  • Permitted Liens means, with respect to any Person: