Lien Searches definition
Examples of Lien Searches in a sentence
Any liens disclosed by the Lien Searches shall be satisfied by Seller at or prior to Closing.
Fully executed copies of all (i) leases of real property to which any Loan Party is a party and (ii) those leases of personal property to which any Loan Party is a party with respect to which liens are identified on the Lien Searches to include assets in addition to specific equipment and the proceeds thereof, to the extent not previously delivered.
Within ten (10) days after the Execution Date, Seller, at Seller's sole cost and expense, shall deliver the Lien Searches to Purchaser.
The cost, estimated not to exceed 5130.00, of obtaining the Personal Property Tax Certificate, state and county Lien Searches, a Credit Report shall be paid by Purchaser.
Purchaser hereby instructs Broker to obtain said tax Certificate, Lien Searches, and Credit Report as soon as possible after Purchaser has removed the financial review contingency set forth below.
The Administrative Agent shall have received (i) the Lien Searches, all dated reasonably close to the Effective Date, in the discretion of the Administrative Agent and in form and substance satisfactory to the Administrative Agent, and (ii) evidence reasonably satisfactory to the Administrative Agent that the Liens indicated by the financing statements (or similar documents) in such Lien Searches are permitted by Section 7.2 or have been released.
In the event of such default by Seller, and the Purchaser elects to treat the contract as terminated, then all payments made plus any Seemed interest shall be returned to the Purchaser, after deducting any stuns due Broker for actual cost for Personal Property Tax Certificates, Lien Searches, and Credit Reports, Additionally, in the event of default by the Seller.
At the request of Purchaser, the Lien Searches shall be updated, at Seller's sole cost and expense, as close to the Closing Date as reasonably practicable.
Lien Searches.......................................................................
Seller has no actual knowledge of any special tax or assessment to be levied against the Property or any change in the tax assessment of the Property other than as may be reflected in the Title Commitment or Lien Searches.