Common use of Absence of Liens Clause in Contracts

Absence of Liens. A Borrower or a Guarantor is the owner of the Unencumbered Properties free from any lien, security interest, encumbrance and any other claim or demand, except for Permitted Liens.

Appears in 8 contracts

Samples: Assignment and Assumption Agreement (Life Storage Lp), Assignment and Assumption Agreement (Sovran Self Storage Inc), Credit Agreement (Sovran Self Storage Inc)

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Absence of Liens. A The Borrower or a the Guarantor is the ---------------- owner of or the Unencumbered holder of a ground leasehold interest in the Borrowing Base Properties free from any lien, security interest, encumbrance and any other claim or demandLien, except for Permitted Liens.

Appears in 1 contract

Samples: Credit Agreement (Boston Properties Inc)

Absence of Liens. A Borrower or a Guarantor is the owner of or the holder of a ground leasehold interest under an Eligible Ground Lease in the Unencumbered Properties free from any lien, security interest, encumbrance and any other claim or demand, except for Permitted Liens.

Appears in 1 contract

Samples: Revolving Credit Agreement (Cali Realty Corp /New/)

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Absence of Liens. A The Borrower or a Guarantor is the owner of or the holder of a ground leasehold interest in the Unencumbered Properties Assets free from any lien, security interest, encumbrance and any other claim or demand, except for Permitted Liens.

Appears in 1 contract

Samples: Revolving Credit Agreement (Beacon Properties L P)

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