Monetary Lien definition

Monetary Lien means a Lien securing an obligation for the payment of money.

Monetary Lien means any monetary claim, judgment, mortgage, deed of trust, deed to secure debt, security interest or other similar encumbrance.

Monetary Lien means any monetary lien affecting the Real Property of an ascertainable amount, other than any lien for taxes or assessments which are not yet due and payable.

Examples of Monetary Lien in a sentence

• Any Monetary Lien securing an obligation disclosed by the Mortgagor’s Affidavit or any credit information obtained by the Insured.

• Any Monetary Lien set forth in the Property Report or Borrower’s Credit Report where (a) the insured obtained a Judgment Affidavit executed by the borrower; and (b) there was no indication of that Monetary Lien in any Mortgagor’s Application or credit information obtained by the Insured.

• Any Monetary Lien securing an obligation disclosed by the Property Report, the Mortgagor’s Application, or any credit information obtained by the Insured.

• In the event that a Monetary Lien cannot be removed or cured or a title defect or other condition cannot be removed or cured as required hereunder to close within five (5) years of the date of this Agreement, this Agreement shall terminate and the parties hereto shall have no further obligations.

• Purchaser shall pay (i) the fees of any counsel representing Purchaser; (ii) one half of the escrow fee, if any, charged by the Escrow Agent; (iii) recording fees for any documents to be recorded (other than Monetary Liens); and (iv) the cost of the Title Policy and any endorsements attached thereto at the request of Purchaser (other than in connection with a Monetary Lien).

More Definitions of Monetary Lien

Monetary Lien shall have the meaning given to such term in Section 7(a)(iii) hereof.

Monetary Lien has the meaning set forth in Section 3.8.

Monetary Lien shall have the meaning set forth in Section 4.3.1.

Monetary Lien means any Lien encumbering the Assets and securing a monetary obligation which was created or suffered by Seller, MWV-EED, JV1, their respective Subsidiaries or Affiliates, or any party claiming by, through or under Seller or any of them, other than Liens for non-delinquent real estate Taxes or assessments, mechanics’, landlords’ and other statutory liens incurred in the ordinary course of business, and other than recorded Liens for and in connection with financing (including commitments, letters of credit, lines of credit, construction loans, deeds of trust, mortgages assignments of leases and rents, financing statements and fixture filings, and security interests), or construction or development bonds, guarantees, undertakings or other similar commitments or agreements which are in existence as of the Effective Date with respect to the JV1 Properties and/or the JV2 Properties or which are set forth in the Exhibits and Schedules to this Agreement.

Monetary Lien means (1) any Encumbrance that secures the payment of borrowed money, (2) any registered construction or mechanic’s lien, any execution upon a judgment or any pre-fixture or fixture filing under personal property legislation and (3) any Encumbrance (other than an inchoate or statutory Encumbrance in favour of any Governmental Entity or public or private utility for amounts not then due) that secures the payment of any cost or amount which is Zellers’ responsibility to pay under this Agreement or under Laws and which is overdue or in default and, payment of which is not subject to the allocation provisions of this Agreement (unless in the case of (3) Zellers otherwise gives Target Canada credit therefor whether or not allocation thereof is contemplated by this Agreement).

Monetary Lien. A lien that can be satisfied and discharged with the payment of a specified amount of money, which affects title to all or part of the Property and was voluntarily created by a Seller.

Monetary Lien means any mortgages, security interests, liens, tax or assessment liens or Liabilities affecting any of the Real Property.