Common use of Discharge of Encumbrances Clause in Contracts

Discharge of Encumbrances. Notwithstanding any other provision in this Lease, if the Company determines that: (a) there are outstanding charges, taxes, builders’ liens, writs of execution, judgments or other encumbrances which are registered against the Lands; or (b) there are any overdue amounts outstanding under any agreement for sale, mortgage or other financial encumbrance that is registered against the Lands; the Company may, but shall not be obligated to, pay all or a portion of the compensation or other amounts payable under this Lease to the holder of such charge, lien, writ of execution, judgment, mortgage or other financial encumbrance, or to such vendor or mortgagee to satisfy and discharge such encumbrance or to obtain a postponement from the encumbrance holder. The payment of any amount to such third party shall be deemed to be payment hereunder of such amount to the Lessor. For greater certainty, the Company shall not be required to obtain the Lessor’s consent prior to making such payment. The Company shall provide to the Lessor written confirmation of any such payments within thirty (30) days of making such payments.

Discharge of Encumbrances. Notwithstanding any other provision in this Lease, if the Company Lessee determines that: (a) there are outstanding charges, taxes, builders’ liens, writs of execution, judgments or other encumbrances which are registered against the Lands; or (b) there are any overdue amounts outstanding under any agreement for sale, mortgage or other financial encumbrance that is registered against the Lands; the Company Lessee may, but shall not be obligated to, pay all or a portion of the compensation or other amounts payable under this Lease to the holder of such charge, lien, writ of execution, judgment, mortgage or other financial encumbrance, or to such vendor or mortgagee to satisfy and discharge such encumbrance or to obtain a postponement from the encumbrance holder. The payment of any amount to such third party shall be deemed to be payment hereunder of such amount to the Lessor. For greater certainty, the Company Lessee shall not be required to obtain the Lessor’s consent prior to making such payment. The Company Lessee shall provide to the Lessor written confirmation of any such payments within thirty (30) days of making such payments.

Discharge of Encumbrances. Notwithstanding any other provision in this Lease, if the Company determines that: (a) there are outstanding charges, taxes, builders’ liens, writs of execution, judgments or other encumbrances which are registered against the Lands; or (b) there are any overdue amounts outstanding under any agreement for sale, mortgage or other financial encumbrance that is registered against the Lands; the Company may, but shall not be obligated to, pay all or a portion of the compensation or other amounts payable under this Lease to the holder of such charge, lien, writ of execution, judgment, mortgage or other financial encumbrance, or to such vendor or mortgagee to satisfy and discharge such encumbrance or to obtain a postponement from the encumbrance holder. The payment of any amount to such third party shall be deemed to be payment hereunder of such amount to the Lessor. For greater certainty, the Company shall not be required to obtain the Lessor’s consent prior to making such payment. The Company shall provide to the Lessor written confirmation of any such payments within thirty (30) days of making such payments.. Initial Grantor Agent

Discharge of Encumbrances. Notwithstanding any other provision in this Lease, if the Company determines that: (a) there are outstanding charges, taxes, builders’ liens, writs of execution, judgments or other encumbrances which are registered against the Lands; or (b) there are any overdue amounts outstanding under any agreement for sale, mortgage or other financial encumbrance that is registered against the Lands; the Company may, but shall is not be obligated to, pay all or a portion of the compensation or other amounts payable under this Lease to the holder of such charge, lien, writ of executionenforcement, judgment, mortgage or other financial encumbrance, or to such vendor or mortgagee to satisfy and discharge such encumbrance or to obtain a postponement from the encumbrance holder. The payment of any amount to such third party shall be deemed to be payment hereunder of such amount to the Lessor. For greater certainty, the Company shall not be required to obtain the Lessor’s consent prior to making such payment. The Company shall provide to the Lessor written confirmation of any such payments within thirty (30) days of making such payments.