Post Effective Date Encumbrances means all encumbrances to title to the Property, other than the matters identified in clauses (a)-(e) of the definition of “Monetary Objections” which first encumber title to the Property by act or omission of Seller or any of Seller-Related Entities, which act or omission was committed or accrued, after the Effective Date and in violation or breach of this Agreement by Seller or any Seller-Related Entity.
Post Effective Date Encumbrances means all encumbrances to title to the Properties, other than the matters identified in clauses (a)-(e) of the definition of “Monetary Objections” which first encumber title to any of the Properties by act or omission of Seller or any of Seller-Related Entities, which act or omission was committed or accrued after the Effective Date of this Agreement and in violation or breach by any Seller or any Seller-Related Entity of this Agreement.