Examples of Permitted Real Property Encumbrances in a sentence
Except for the Permitted Real Property Encumbrances and as set forth in Schedule 4.08, Seller has good and marketable title in the Real Property.
However, firms in Cell II focus on “units of intangible output” rather than providing service for the benefit of the customer.
If Seller elects in writing not to remove one or more Objectionable Encumbrances (other than the Removable Objections), Buyer may elect, to either (a) terminate this Agreement by giving written notice to Seller within five (5) Business Days after Buyer’s receipt of Seller’s election, or (b) waive such Objectionable Encumbrances, in which event such Objectionable Encumbrances shall be deemed additional Permitted Real Property Encumbrances and the Closing shall occur as herein provided.
As of the Closing Date, all of the Acquired Assets are free and clear of any encumbrances, except for Permitted Real Property Encumbrances.
To the Knowl- edge of the Seller Group, there are no Permitted Real Property Encumbrances described in subsection (b) 52 Section 3.10 is important because it makes clear that the Seller is in compliance with federal, state, and local tax laws with regard to the purchased assets.