Incumbrances definition
Examples of Incumbrances in a sentence
The Property is sold subject to and, if applicable, with the benefit of the Incumbrances.
The Shares are beneficially owned by the Vendors free of all Incumbrances.
Pursuant to the Sale and Purchase Agreement, the Seller has agreed to sell, and the Buyer has agreed to acquire, the Property with full title guarantee with modifications as set out in the Sale and Purchase Agreement and subject to Incumbrances (if applicable).
If Purchaser has given Seller timely written notice of defect(s) and the defect(s) render the title other than as represented in this Agreement, Seller shall use all reasonable efforts to cause such defects to be cured by the Date of Closing, provided that Purchaser may not object to the Permitted Incumbrances.
The Buyer has been supplied with copies or full details of the Incumbrances and no objection or requisition shall be raised relating to them.
Purchaser's obligations under this Agreement are subject to Seller delivering to Purchaser at Closing good, clear record and marketable title to the Property, subject to the Permitted Incumbrances set out in Section 3.3. Purchaser, at Purchaser's expense, on or before August 2, 2002 (the "TITLE EXAMINATION PERIOD") shall obtain a title search (the "TITLE SEARCH"), and on or before August 20, 2002 (the "SURVEY EXAMINATION PERIOD") a survey of the Property (the "SURVEY").
The Demised Premises are let subject to and, if applicable, with the benefit of the Incumbrances.
The Company shall not --------------------------------------- create, assume or suffer to exist any mortgage, pledge, lien, charge or encumbrance on the Project which might take precedence over the liens of the Mortgage and the Security Agreement, other than those Permitted Incumbrances detailed on Exhibit "B" of the Mortgage.
There are no Encumbrances on any of the assets or properties of Purchaser that arose in connection with any failure (or alleged failure) to pay any Tax except Permitted Incumbrances.
Where any Intellectual Property Rights are owned by the Company or the Subsidiary, they are owned free from Incumbrances.