Encumbrances definition
Examples of Encumbrances in a sentence
The Company owns (with good and marketable title in the case of real property) all of the properties and assets (whether real, personal or mixed and whether tangible or intangible) that it purports to own, including the properties and assets reflected in the Interim Balance Sheet, free and clear of any and all Encumbrances (other than those Encumbrances listed on Section 3.15 of the Seller Disclosure Schedules, each of which will be terminated and satisfied at the Closing).
There are no Encumbrances for Taxes (other than Permitted Encumbrances) upon any of the properties or assets of the Company.
The Company owns all Intellectual Property Registrations free and clear of all Encumbrances, except Permitted Encumbrances.
As of the Closing Date, there are no Liens on assets of any Credit Party, other than those set forth on Schedule 5.06 and Permitted Encumbrances.
Subject to the terms and conditions set forth herein, at the Closing, the Seller shall sell to the Buyer, and the Buyer shall purchase from the Seller, all of the Seller’s right, title, and interest in and to the Membership Interests, free and clear of any Encumbrances.