Mortgages, Liens, or other Encumbrances Sample Clauses

Mortgages, Liens, or other Encumbrances. Prior to the issuance of a Certificate of Completion Redeveloper shall promptly notify the Township of any encumbrance or lien that has been created on or attached to the Project, by mortgage or involuntary act of the Redeveloper or others, upon obtaining knowledge or notice of same.
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Mortgages, Liens, or other Encumbrances. Prior to the issuance of a Certificate of Completion Redeveloper shall promptly notify the Township of any encumbrance or lien that has been created on or attached to the Phase 1 Project, by mortgage, membership interest pledge, or involuntary act of the Redeveloper or others, upon obtaining knowledge or notice of same. Within ten (10) days of the Township’s receipt of a written request from the Redeveloper or a lender offering Redeveloper financing that is permitted under Article VIII, Section 8.4 (i) the Township will issue to such lender a written certificate acknowledging that it has received notice of such mortgage, lien or encumbrance.
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Mortgages, Liens, or other Encumbrances. The Township hereby consents to each mortgage and security interest encumbering the Project, or any portion of the Property, and each assignment of rights under this Agreement that the Redeveloper grants and delivers in connection with the development, construction and marketing of the Project, including, but not limited to, pledges by the owners of the ownership interests in the Redeveloper. Any such mortgage, security interest or assignment shall be made on any terms and conditions that Redeveloper (in the exercise of its sole but reasonable discretion) determines to be necessary. If any mortgagee shall require any changes or modifications to the terms of this Agreement, the Township shall reasonably cooperate with Redeveloper and such mortgagee in reviewing and approving such modifications, provided such changes shall not materially diminish or materially and adversely affect the rights and obligations of either Party. In order to facilitate a mortgage as well as other financing by Redeveloper for trade fixtures and equipment, the Township hereby waives and releases any statutory, constitutional and contractual liens against the assets or property of Redeveloper. In the event that the Redeveloper is unable to obtain financing for the Project on terms and conditions acceptable to Redeveloper in its sole discretion, or if Redeveloper determines that financing for the Project cannot be obtained on terms and conditions acceptable to Redeveloper in its sole discretion, then Redeveloper shall have the right to terminate this Agreement upon at least thirty (30) days’ notice to the Township.
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Related to Mortgages, Liens, or other Encumbrances

  • No Liens or Encumbrances Company's title to and ownership of Company-Owned Interconnection Facilities that were designed and constructed by Seller and/or its Contractors shall be free and clear of liens and encumbrances.

  • Liens and Encumbrances The Company shall not directly or indirectly make, create, incur, assume or permit to exist any assignment, transfer, pledge, mortgage, security interest or other lien or encumbrance of any nature in, to or against any part of the Pledged Property or of the Company's capital stock, or offer or agree to do so, or own or acquire or agree to acquire any asset or property of any character subject to any of the foregoing encumbrances (including any conditional sale contract or other title retention agreement), or assign, pledge or in any way transfer or encumber its right to receive any income or other distribution or proceeds from any part of the Pledged Property or the Company's capital stock; or enter into any sale-leaseback financing respecting any part of the Pledged Property as lessee, or cause or assist the inception or continuation of any of the foregoing.

  • ENCUMBRANCES/LIENS The Contractor shall not cause or permit any lien, attachment or other encumbrance by any person to be placed on file or to remain on file in any public office or on file with the UNDP against any monies due or to become due for any work done or materials furnished under this Contract, or by reason of any other claim or demand against the Contractor.

  • Encumbrances Create, incur, assume or suffer to exist any Lien with respect to any of its property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens.

  • LIENS, CLAIMS AND ENCUMBRANCES The Contractor warrants and represents that all materials, equipment or services delivered herein are free and clear of all liens, claims, or encumbrances of any kind.

  • ENCUMBRANCES AND LIENS The Contractor shall not cause or permit any lien, attachment or other encumbrance by any person to be placed on file or to remain on file in any public office or on file with UNDP against any monies due to the Contractor or that may become due for any work done or against any goods supplied or materials furnished under the Contract, or by reason of any other claim or demand against the Contractor or UNDP.

  • Permitted Encumbrances The term “Permitted Encumbrances” shall mean:

  • Liens Create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than the following:

  • Security Interests No party to this Escrow Agreement shall grant a security interest in any monies or other property deposited with the Escrow Agent under this Escrow Agreement, or otherwise create a lien, encumbrance or other claim against such monies or borrow against the same.

  • Other Liens Not to create, assume, or allow any security interest or lien (including judicial liens) on property the Borrower now or later owns, except:

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