Monetary Encumbrance Release definition

Monetary Encumbrance Release shall have the meaning ascribed to such term in Section 2.4(e) hereof.
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Monetary Encumbrance Release has the meaning set forth in Section 2.3.2.
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Monetary Encumbrance Release means with respect to each Monetary Title Encumbrance at Closing Transferor either (i) paying and discharging, (ii) bonding against in a manner legally sufficient to cause to be released, or (iii) indemnifying or escrowing money with or otherwise causing the Title Company to insure over, such Monetary Title Encumbrance.
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Examples of Monetary Encumbrance Release in a sentence

  • For such purposes, Seller may use all or a portion of the Purchase Price to effectuate a Monetary Encumbrance Release at the Closing.

  • To the knowledge of Wyndham and Owner, Owner has good title to the Tangible Personal Property (other than Leased Property), subject at Closing only to the Permitted Title Exceptions and Monetary Title Encumbrances to be covered by a Monetary Encumbrance Release at Closing.

  • Other than in connection with approvals required pursuant to a Monetary Title Encumbrance which will be covered by a Monetary Encumbrance Release at Closing, no consent or approval of any Person is required for the execution, delivery and performance by Seller of this Agreement.

  • All title matters revealed by the Title Commitment and Survey (or any update obtained by Purchaser) that are not objected to by Purchaser as provided above (other than Monetary Title Encumbrances that will be covered by a Monetary Encumbrance Release at Closing), or that are waived or deemed to be waived by Purchaser as provided above, shall all be deemed to be Permitted Encumbrances.

  • Owners and anyone with any interest in the Ground Leases arising by, through or under Owners have not assigned their leasehold interests (other than pursuant to Monetary Title Encumbrances which will be covered by a Monetary Encumbrance Release at Closing).

  • No consent or approval of any Person is required for the execution, delivery and performance by Sellers of this Agreement other than (i) approvals required pursuant to a Monetary Title Encumbrance which will be covered by a Monetary Encumbrance Release at Closing; and (ii) such other consents as are required under Authorizations, Expansion Entitlements, rules and regulations of liquor license authorities, and the Ordinary Course Contracts.

  • For such purposes, Seller may use all or a portion of the Purchase Price to effectuate a Monetary Encumbrance Release with respect to any such Monetary Title Encumbrances at Closing.

  • All of such equity interests: (a) at Closing will have been duly authorized and validly issued, fully paid, and nonassessable except to the extent otherwise provided in the Summerfield Holding Limited Liability Company Agreement and (b) immediately preceding Closing will be held of record and owned beneficially by the applicable entity as set forth on Exhibit O free and clear of any Liens (other than the Monetary Title Encumbrances to be covered by a Monetary Encumbrance Release at Closing).

  • From and after the Effective Date, Seller shall not voluntarily encumber the Property without the prior written consent of Purchaser (except with a Monetary Title Encumbrance which will be covered by a Monetary Encumbrance Release at Closing).

  • No consent or approval of any Person is required for the execution, delivery and performance by any Seller of this Agreement other than (x) approvals required pursuant to a Monetary Title Encumbrance which will be covered by a Monetary Encumbrance Release at Closing; and (y) such other consents as are required under Authorizations, Expansion Entitlements, rules and regulations of liquor license authorities, and the Ordinary Course Contracts.

Related to Monetary Encumbrance Release

  • Blanket encumbrance means a trust deed or mortgage or any other lien or encumbrance,

  • 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.

  • Permitted Exceptions shall have the meaning set forth in Section 4.3.

  • Permitted Encumbrances means:

  • Conditional release means a revocable modification of a

  • Deed of Release has the meaning set out in the Restructuring Implementation Deed;

  • Maintenance Release means any update, upgrade, release or other adaptation or modification of the Software, including any updated Documentation, that Contractor may generally provide to its licensees from time to time during the Term, which may contain, among other things, error corrections, enhancements, improvements or other changes to the user interface, functionality, compatibility, capabilities, performance, efficiency or quality of the Software.

  • Customary Recourse Exceptions means, with respect to any Non-Recourse Debt of an Unrestricted Subsidiary, exclusions from the exculpation provisions with respect to such Non-Recourse Debt for the voluntary bankruptcy of such Unrestricted Subsidiary, fraud, misapplication of cash, environmental claims, waste, willful destruction and other circumstances customarily excluded by lenders from exculpation provisions or included in separate indemnification agreements in non-recourse financings.

  • Lien means, with respect to any asset, any mortgage, lien, pledge, charge, security interest or encumbrance of any kind in respect of such asset, whether or not filed, recorded or otherwise perfected under applicable law, including any conditional sale or other title retention agreement, any lease in the nature thereof, any option or other agreement to sell or give a security interest in and any filing of or agreement to give any financing statement under the Uniform Commercial Code (or equivalent statutes) of any jurisdiction.

  • Major Release means a major update or upgrade to the Software, which includes significant enhancements and/or a major redesign of the Software, identified by Bosch by a change to the first digit in the release number (e.g. change from version 2.0 to 3.0).

  • Exceptions means the conditions set out in Standard Licence Condition 14A.3 of our Licences, which are: (i) if your previous supplier has prevented

  • Minor Release means an incremental release of Software that provides maintenance fixes and additional Software functions. Cisco designates Minor releases as a change in the tenths digit of the Software version number [x.(x).x].