Additional Encumbrances Sample Clauses
The Additional Encumbrances clause defines the parties’ rights and obligations regarding any liens, mortgages, easements, or other legal claims on the property beyond those already disclosed. In practice, this clause requires the seller to disclose any new or existing encumbrances that could affect the buyer’s use or ownership of the property, such as unpaid taxes or third-party rights. Its core function is to ensure transparency and protect the buyer from unexpected legal or financial burdens that could arise after the transaction.
POPULAR SAMPLE Copied 1 times
Additional Encumbrances. Until the Loan has been repaid in full, Borrower shall not without the prior written consent of Lender create or incur or suffer to be created or incurred any encumbrance, mortgage, pledge, lien or charge of any kind upon any Collateral, other than Permitted Liens.
Additional Encumbrances. Grant a security interest in, assign, sell or transfer any of the Collateral to any Person except as permitted herein or permit, grant, or suffer a lien, claim or encumbrance upon any of the Collateral, except for the Permitted Liens.
Additional Encumbrances. Create or suffer to arise any (i) lien, security interest, other charge or encumbrance upon or with respect to any of the Collateral except for the Security Interest and any Permitted Encumbrances, or (ii) grant or agree to any negative pledge that would prohibit securing the Obligations created by this Agreement and any replacement or refinancing thereof with any properties or assets of Borrower. Borrower shall notify Lender promptly in the event that any lien or charge on any Collateral shall be created, asserted, filed, or come into existence in violation of this Section 6.1.
Additional Encumbrances. Grantor shall not grant utility easements or other easements, leases, licenses, or contracts, that negatively affect the Conservation Values of this Easement or the purposes of the Forest Legacy Program, or that limit the allowed uses of the Property, without the Grantee’s prior written consent. Provided, however, Grantor shall not be required to obtain Grantee’s prior approval to locate new or relocate existing utility easements or rights of way in roadways that exist as of the Effective Date or roadways that are subsequently built for forest management purposes, or to locate utility facilities authorized in subsections 1.1 and 1.2.
Additional Encumbrances. Sellers shall not hypothecate, lien, mortgage or otherwise encumber or voluntarily permit the imposition or creation of any lien (other than the liens created by the Loan Documents) with respect to the Property.
Additional Encumbrances. The Company shall not, without the prior written consent of the Representative of the Investors and the holders of a majority in principal amount of the outstanding Notes, create or suffer to exist any lien or security interest on or with respect to the Collateral, except liens or security interests (a) in favor of holders of Senior Debt or Notes of the Company, (b) securing taxes, assessments or governmental charges or levies, or (iii) that arise in the ordinary course of business and not created in connection with the borrowing of money or the obtaining of credit.
Additional Encumbrances. Grantor shall not further encumber the Mortgaged Estate or any portion thereof.
Additional Encumbrances. Create or incur or suffer to be created or incurred any encumbrance, mortgage, pledge, or charge of any kind upon any Collateral that, in the aggregate, exceed a value of $100,000.
Additional Encumbrances. Pledge or ▇▇▇▇▇ ▇ ▇▇▇▇ on or a security interest in any of the assets being pledged under any of the Security Agreements, other than the liens in favor of the Bank.
8. Section Eight of the Loan Agreement is hereby amended in its entirety to read as follows:
Additional Encumbrances. 11 Section 1.17 Inspection, Audits and Information Regarding Collateral......................... 11 Section 1.18 Liens........................................................................... 11 Section 1.19