Assessment Liens Sample Clauses
Assessment Liens. If and to the extent there exists any improvement assessment liens or other similar assessments which encumber the Property, Buyer hereby expressly agrees and assumes the obligation to pay any and all future installments of such bonds or assessment liens affecting the Property which accrue from and after the Close of Escrow. Any bond payments or assessment liens for the current payable period shall be prorated in accordance with Section 3.12 above and any past due and unpaid installments of such bonds or assessment liens shall be paid by Seller. Seller shall have no obligation to pay the entire principal amount of any of such assessments or bonds.
Assessment Liens. If and to the extent there exist any improvement assessment liens, bond payments or other similar assessments which encumber the Property, the bond payments or assessment liens for the current payable period shall be prorated in accordance with Section 3.4. Seller shall have no obligation to pay off the remaining principal amount of any of such assessments or bonds, and the lien of such assessments shall continue to burden the Property after the Closing.
Assessment Liens. Except for those matters specifically set forth in the Title Report delivered or to be delivered to Buyer pursuant to Section 4.2 above, there is no assessment of any kind or nature which constitutes a lien on the Property, or any portion thereof, and no matters other than Permitted Exceptions.
Assessment Liens. If and to the extent there exists any improvement assessment liens, Xxxxx Xxxx bond payments or other similar assessments which 14 Purchase and Sale Agreement and Joint Escrow Instructions encumber a Property, the bond payments or assessment liens for the current payable period shall be prorated in accordance with Section 6.5 above. Sellers shall have no obligation to pay off the remaining principal amount of any of such assessments or bonds, and the lien of such assessments shall continue to burden such Property after the Close of Escrow.
Assessment Liens. In the event of an Owner’s failure to timely pay its Proportionate Share of any payment of Annual Assessment Costs, the delinquent amount owed by such Owner shall constitute a lien upon the Owner’s Parcel as of the date the Association records an affidavit with the Office of the Recorder of Xxxxxxxxx County in which such Owner’s Parcel is located containing the legal description of the Owner’s Parcel and stating the name of the Owner, the delinquent amount owed by the Owner and the date on which such amount was due and payable. Such lien shall encumber the defaulting Owner’s entire interest in its Parcel, run in favor of the Association, and the enforceable in the same manner as a mortgage, provided that any such lien shall be subordinate to the lien of any bona fide first mortgage to an unrelated third party then existing on the Parcel. The sale, conveyance or other transfer of any Parcel or interest therein shall not in any manner alter or impair any assessment lien on the Parcel or the right hereunder of the Association to enforce or impose an assessment lien upon the Parcel. Without limiting the generality of the foregoing, in the event a delinquency arises with respect to which the Association is entitled hereunder to impose and enforce a lien upon a Parcel, such right shall continue notwithstanding that the Parcel or any interest therein is sold, conveyed or otherwise transferred after such delinquency arises but before the assessment lien therefor is imposed as provided herein.
Assessment Liens. Certified, confirmed and ratified special assessment liens as of the date of closing shall be paid by Seller. If the improvement has been substantially completed as of the date of closing, such pending lien shall be considered certified, confirmed or ratified, and Seller shall, at closing, be charged an amount equal to the latest estimate of assessment by the public body.
Assessment Liens. To Seller's Knowledge, there is no improvement ----------------- district (either in existence or planned) which includes the Lots, and there are no assessment liens against all or any part of the Property.
Assessment Liens. The amount of any assessment, other than homeowners association assessments, that is a lien as of the 98 XXX, shall be paid in full by Seller. Any assessment that becomes a lien after XXX is the Buyer's responsibility.
Assessment Liens. There is no assessment payable in annual installments, or any part thereof, which has become a lien on the Real Property.
Assessment Liens. If and to the extent there exist any improvement assessment liens, Mxxxx Rxxx bond payments, or other similar assessments which encumber any Constituent Property and are shown on the secured tax roll, other public records or the Preliminary Report for the applicable Constituent Property, Buyer shall assume the obligation to pay any and all future installments of such bonds or assessment liens affecting such Constituent Property which accrue from and after the Close of Escrow. Subject to the foregoing, all such Mxxxx Rxxx bond payments or similar assessment liens shall be prorated in accordance with Section 3.13 above and any past due and unpaid installments of such bonds or assessment liens shall be paid by Sellers. Sellers shall have no obligation to pay the entire principal amount of any of such assessments or bonds.