Real Property Encumbrances definition

Real Property Encumbrances means the Encumbrances over the Real Property disclosed in the Vitran Disclosure Letter;

Real Property Encumbrances means any encumbrance of any kind (meaning any pledge, mortgage, seizure, privilege, lien, usufruct, right of pre-emption, enjoyment or claim, easement, right of first refusal or any third party option right or any other encumbrance or security interest of any kind).

Real Property Encumbrances those Encumbrances set forth on Schedule 3.12(a) related to the Real Property;

Examples of 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.

More Definitions of Real Property Encumbrances

Real Property Encumbrances has the meaning set forth in Section 4.9(c).

Real Property Encumbrances has the meaning set forth in Section 6.11.1(a).

Real Property Encumbrances means the debt secured by the Business Real Property.

Real Property Encumbrances means all covenants, restrictions, easements and other matters of title recorded against or otherwise affecting all or any portion of Owned Real Property and set forth on SCHEDULE 11.1(C).

Real Property Encumbrances means liens, pledges, claims, security interests, restrictions, mortgages, tenancies and other possessory interests, conditional sale or other title retention agreements,

Real Property Encumbrances means: (a) statutory liens of landlords, banks (and rights of set off), carriers, warehousemen, mechanics, repairmen, workmen, materialmen, vendors and other similar liens arising in the ordinary course of business for amounts not yet overdue or for amounts that are overdue and that are being contested in good faith by appropriate proceedings; (b) liens for Taxes, assessments, or other governmental charges or levies and other liens imposed by law, in each case incurred in the ordinary course of business consistent with past practice for amounts not yet overdue or being contested in good faith by appropriate proceedings; (c) the terms and conditions of all liens created by oil and gas leases, easements, rights of way, restrictions, encroachments, and all other burdens recorded in the real property records of the county in which the Real Property is located; (d) liens to operators and non-operators under model form operating agreements arising in the ordinary course of the business; (e) liens arising from precautionary UCC filings; (f) lease burdens existing as of the date of this agreement constituting monetary obligations payable to third parties, including, without limitation, any royalty, overriding royalty, net profits interest, production payment, carried interest or reversionary working interest; and (g) liens arising under unitization and pooling agreements and orders, farmout agreements, gas balancing agreements and other customary agreements in the energy industry.

Real Property Encumbrances shall have the meaning as defined in Section 7.9.2.