Common use of Improvement Liens Clause in Contracts

Improvement Liens. Certified, confirmed or ratified liens for governmental improvements as of the date of Closing, if any, shall be paid in full by Seller, and pending liens for governmental improvements as of the date of Closing shall be assumed by the Purchaser, provided that where the improvement has been substantially completed as of the date of Closing, such pending lien shall be considered certified.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Mego Financial Corp)

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Improvement Liens. Certified, confirmed or ratified liens for governmental improvements as of the date of Closing, if any, shall be paid in full by Seller, and pending liens for governmental improvements as of the date of Closing shall be assumed by the Purchaser, provided that where the improvement has been substantially completed as of the date of Closing, such pending lien shall be considered certified.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Banyan Rail Services Inc.)

Improvement Liens. Certified, confirmed or ratified liens for governmental improvements or special assessments as of the date of ClosingClosing Date, if any, shall be paid in full by SellerSeller (except those which are payable in installments, in which event the current installment shall be prorated), and pending liens for governmental improvements or special assessments as of the date of Closing Date shall be assumed by the Purchaser, provided that where the improvement has been substantially completed as of the date of Closing, such pending lien shall be considered certifiedBuyer.

Appears in 1 contract

Samples: Purchase and Sale Agreement (New England Realty Associates Limited Partnership)

Improvement Liens. Certified, confirmed or ratified liens for governmental improvements as of the date of Closing, closing; if any, shall be paid in full by the Seller, and pending liens for governmental improvements improvements, if any, as of the date of Closing Date shall be assumed by the PurchaserBuyer, provided that where the improvement has been substantially completed as of the date of ClosingClosing Date, such pending lien shall be considered certified.

Appears in 1 contract

Samples: Purchase and Sale Agreement

Improvement Liens. Certified, confirmed or ratified liens for governmental improvements as of the date of ClosingClosing Date, if any, shall be paid in full by Seller, and pending liens for governmental improvements as of the date of Closing Date shall be assumed by the Purchaser, provided that where the improvement has been substantially completed as of the date of ClosingClosing Date, such pending lien shall be considered certified.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Mego Financial Corp)

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Improvement Liens. Certified, confirmed or ratified liens for governmental improvements as of the date of Closing, if any, shall be paid in full by Seller, and pending liens for governmental improvements as of the date of Closing shall be assumed by the Purchaser, ; provided that where the improvement has been substantially completed as of the date of Closing, such pending lien shall be considered certified.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Optibase LTD)

Improvement Liens. Certified, confirmed or ratified liens fully due and payable for governmental improvements as of the date of Closing, if any, shall be paid in full by Seller, and pending liens or installment liens accruing after the Closing Date for governmental improvements completed as of the date of Closing shall be assumed by the Purchaser, provided that where the improvement has been substantially completed as of the date of Closing, such pending lien shall be considered certified.

Appears in 1 contract

Samples: Sale and Purchase Agreement (NNN Healthcare/Office REIT, Inc.)

Improvement Liens. Certified, confirmed or ratified liens for governmental improvements as of the date of ClosingClosing Date, if any, shall be paid in full by Seller, and pending liens for governmental improvements as of the date of Closing Date shall be assumed by the Purchaser, provided that where the governmental improvement has been substantially completed as of the date of ClosingClosing Date, such pending lien shall be considered certified.

Appears in 1 contract

Samples: Real Estate Purchase and Sale Agreement (Mego Financial Corp)

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