Monetary Liens definition

Monetary Liens means (a) judgment liens and tax liens entered against the Township and encumbering any part of the Wastewater System, and (b) mortgages, security interests and other liens granted by the Township and encumbering the Wastewater System.

Monetary Liens means each of the following to the extent arising by, through or under Seller: judgment liens, mortgages, deeds of trust, mechanic’s liens, pre-construction liens, liens that secure the payment of money or credit, and liens or charges for delinquent taxes.

Monetary Liens has the meaning specified in Section 1.6(b)(i).

Examples of Monetary Liens in a sentence

• The BRI Partnership shall have the right to elect, in its sole discretion, on the Closing Date, to accept such title as the Transferor Partners can deliver to the Transferor Partnership Interests and the Property in its then condition and to deliver in exchange therefor the Consideration subject to reduction of the Consideration Amount by the amounts required to remove all Monetary Liens.

• All mortgages and deeds of trust, mechanics liens, tax liens, attachments and all other monetary liens against the Property (other than the Loan Documents and liens for real estate taxes and current water and sewer charges for fiscal 1997 which taxes and current water and sewer charges will be adjusted as provided in Section 12 hereof) (collectively the "Monetary Liens") shall automatically be deemed to be unacceptable exceptions to title and shall be paid and removed by the Transferor Partners at Closing.

• The parties expressly agree that Monetary Liens shall not include any liens with respect to the Existing Loan; Buyer hereby agreeing that all such liens shall be deemed to be Permitted Exceptions.

• Notwithstanding the foregoing, with respect to any matter shown on Schedule C of the Title Commitment such as mortgages, deeds of trust, judgment liens, mechanic's and materialmen's liens, and other monetary liens against the Property that were created by Seller (“Monetary Liens”), on or before Closing, Seller agrees to work with the Title Company to cure, release, or remove any such Monetary Liens.

• The failure of the lien for future advances secured by the Insured Mortgage to have the same priority over Monetary Liens disclosed by the Public Records as advances secured by the Insured Mortgage at Date of Policy.

More Definitions of Monetary Liens

Monetary Liens means any mortgage, deed of trust, judgment lien or other similar financial encumbrance arising by, through or under Seller.

Monetary Liens shall have the meaning set forth in Section 6.2(b) hereof.

Monetary Liens means (i) any mortgage, deed to secure debt, deed of trust, security interest or similar security instrument encumbering all or any part of the Property, (ii) any mechanic’s, materialman’s or similar lien, which if disputed and not yet resolved may be bonded over by Seller or the Company (but not including any such lien resulting from any act or omission of Purchaser or any of its agents, contractors, representatives or employees), (iii) a lien of ad valorem real or personal property taxes, assessments and governmental charges affecting all or any portion of the Property that are delinquent or will be delinquent on the Closing Date, (iv) any monetary judgment of record against Seller or the Company which is a judgment attaching to the Property, and (v) any encumbrances or restrictions that have been voluntarily placed on the Property by Seller or the Company after the Effective Date without Purchaser’s prior written consent.

Monetary Liens has the meaning specified in Section 4.3.

Monetary Liens means any lien, pledge, mortgage, deed of trust, security interest, judgment, or other similar encumbrance.

Monetary Liens shall have the meaning ascribed thereto in Section 3.2(d)(ii).

Monetary Liens are defined in Section 1.06(A).