Land Charges Sample Clauses
The Land Charges clause defines the responsibilities and obligations related to any financial or legal encumbrances registered against a property, such as mortgages, liens, or other claims. Typically, this clause requires the seller to disclose all existing land charges and, in most cases, to ensure that these are cleared before or at the time of property transfer. For example, if a property is subject to a mortgage, the seller must arrange for its discharge so the buyer receives clear title. The core function of this clause is to protect the buyer from inheriting undisclosed debts or restrictions, ensuring the property is transferred free from unwanted encumbrances.
POPULAR SAMPLE Copied 1 times
Land Charges. 8.1 This Deed is a local land charge and shall be registered as such by IWC.
8.2 Upon the full satisfaction of all the terms of this Deed the Owner may request that IWC procure that all entries In the register of local land charges relating to it other than those obligations which are of continuing effect be removed as soon as reasonably practicable.
Land Charges. General Motors will, prior to the Closing, (i) procure that all land charges (Grundschulden) in the registered amount of EUR 1.5 billion each which are registered to the benefit of AOAG or Landesbank Hessen-Thüringen Girozentrale on real estate located in Germany that is subject to the Transactions to be deleted (löschen) in the respective land registers (Grundbücher) and provide written evidence of such deletion in the form of up-to-date land register excerpts (Grundbuchauszüge) to the Buyer and (ii) cancel the respective land charge certificates (Grundschuldbrief) that have been issued with respect to the land charges referred to sub (i) and provide evidence to the Buyer of such cancellation.
Land Charges. Exhibit 5.6.3 Government grants, government assistance, allowances and other subsidies Exhibit 5.7 Litigation and Disputes Exhibit 5.8.1 Key Employees Exhibit 5.8.2 List of Employees Exhibit 5.8.3 Material Collective Bargaining Agreements
Land Charges l
8.1 This Deed Is a local land charge and shall be registered as such by the Mitigation Land Authority.
8.2 Upon the full satisfaction of all the terms of this Deed the Mitigation Land Owner may request that the Mitigation Land Authority procure that all entries In the register of local land charges relating to It other than those obligations which are of continuing effect be removed as soon as reasonably practicable. l
9.1 AJI parties to this Deed acknowledge that theyare undera duty to act reasonably and (without prejudice to generality) if any deed consent approval or expression of satisfaction is due from one party to another under the terms of this Deed the same shall not be unreasonably Withheld or delayed.
Land Charges. This Deed shall be registered as a local land charge by the Council.
Land Charges. Without prejudice to Clause 5(2) (Further Charges), the Company shall forthwith execute in favour of the Bank collateral land charges in such form and on such terms as the Bank shall require of all the immoveable property described in Schedule 1, and of any other Immoveable Property as the Bank may for the time being and from time to time require.
Land Charges. Notarial deed to create land charges on the real property of FiberMark ▇▇▇▇▇▇▇ GmbH & Co. OHG (future owner: FiberMark ▇▇▇▇▇▇▇ Grundstücksverwaltungsgesellschaft mbH and Co. OHG (future owner: FiberMark ▇▇▇▇▇▇▇ Grundstücksverwaltungsgesellschaft mbH and Co. KG). KG).
Land Charges. (a) Upon the funding of any Secured Property Loan relating to German Property, the Borrower covenants to deposit the land charge deeds and certificates, if any, granted under the Secured Property Loan with the Original Lender within five Business Days of receipt by it.
(b) Upon the repayment in full of a Secured Property Loan relating to German Property, the Original Lender covenants to return the relevant land charge deeds and certificates, if any, to the Borrower.
Land Charges. The Land Charge Base Amount is £[ ], based on a [ ] price base The land charge shall be £[ ] in respect of the period from [ ] to [ ] payable as an estimated indexed charge in twelve monthly instalments subject to adjustment in accordance with the terms of this Bilateral Connection Agreement and/or the CUSC and/or the Charging Statements
Land Charges. The bank shall register an (overall) land charge in the sum of € […] (in words […] Euros) plus […] % ([…] per cent) interest per annum in its standard form on the Collateral Asset, by which the relevant owner shall be subject to material distraint under § 800 of the German Code of Civil Procedure in respect of [the land charge] [a partial amount payable in the sum of […] % ([…] per cent) of the Land Charge]. This Land Charge shall rank prior to or equal with the following rights in Section II and Section III: Section II: in the view of the Bank, no rights reducing the value of the Collateral Asset;