Examples of Permitted Encumbrances in a sentence
This Mortgage creates a first priority Lien and security interest on the Mortgaged Property; and the Mortgaged Property and the other Collateral are free from all Liens, security interests and other encumbrances, except for Permitted Encumbrances.
Except as provided in this Article VII (including without limitation Section 7.8 hereof and this Section 7.9), the District shall not, directly or indirectly, create, incur, assume or suffer to exist any mortgage, pledge, liens, charges, encumbrances or claims, as applicable, on or with respect to the Property, other than Permitted Encumbrances and other than the respective rights of the Lessor and the District as herein provided.
There is not and will not be any unexpired financing statement covering any part of the Mortgaged Property on file in any public office naming any Person other than Mortgagee as secured party, except to the extent relating to Permitted Encumbrances.
Subject, however, to: (a) the restrictions, exceptions, reservations, conditions, limitations, interests and other matters, if any, set forth or referred to in the specific descriptions of such properties and interests in Exhibit A; (b) Permitted Encumbrances; and (c) the condition the Mortgagee shall not be liable in any respect for the performance of any covenant or obligation of the Mortgagor with respect to the Mortgaged Property.
The encumbrances listed on Schedule E attached hereto shall constitute Permitted Encumbrances with respect to the parcels of Land affected thereby as indicated.