Definition of Tenant Lien

  1. Tenant Lien means a Lien that encumbers only a Tenant's leasehold interest in a Property, and that does not secure indebtedness or other obligations voluntarily created or assumed by Seller.

Examples of Tenant Lien in a sentence

  1. Voluntary Lien means a Lien, other than a Tenant Lien, that arises after the Effective Date of the respective Title Commitment prepared for such Property and that is created by an affirmative act or omission of any Seller or otherwise caused by any Seller.
  2. Tenant Lien Exception has the meaning ascribed to such term in Section 6.2(a).

Definition of Tenant Lien in Purchase and Sale Agreement

Tenant Lien means a Lien that encumbers only a Tenant's leasehold interest in a Property, and that does not secure indebtedness or other obligations voluntarily created or assumed by Seller.