Monetary Liens definition
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 4.3.
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.
Examples of Monetary Liens in a sentence
Without limiting the foregoing, the Seller or the Township may use any portion of the balance of the Purchase Price to discharge Monetary Liens.
Monetary Liens shall specifically exclude taxes and/or assessments levied by any private or governmental agency and attributable to a period of time on or after the Closing Date.
More Definitions of Monetary Liens
Monetary Liens has the meaning specified in Section 1.6(b)(i).
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 are defined in Section 1.06(A).
Monetary Liens has the meaning specified in Section 2.3(b)(i).
Monetary Liens means: (i) any mortgage or deed of trust liens or security interests against the Property, (ii) judgment liens, (iii) real estate tax liens, other than liens for taxes and assessments not yet delinquent, (iv) mechanics’ liens; and (v) any other monetary liens. If Seller fails to cure a Monetary Lien (a) Purchaser may terminate this Agreement in which event the ▇▇▇▇▇▇▇ Money shall be refunded to Purchaser, or (b) such Monetary Lien shall be cured by the Title Company at Closing and the cost thereof charged to the Seller. Until the earlier of the scheduled Closing Date or the termination of this Agreement, Seller covenants and agrees that Seller will not (i) materially change or alter the physical condition of the Property, (ii) grant, create, consent to, or modify any encumbrance benefitting or burdening the Property, (iii) unless expressly provided in this Agreement, pursue or consent to any rezoning of the Land, or (iv) enter into any new contract, lease, license or similar agreement with respect to the Property which is not terminated by Seller at or prior to the Closing.
Monetary Liens means (a) judgment liens and tax liens entered against the Borough and encumbering any part of the System, and (b) mortgages, security interests and other liens granted by the Borough and encumbering the System.