Common use of New Liens Clause in Contracts

New Liens. Not, on or after the Approval Date, create any new encumbrance or lien affecting the Property other than liens and encumbrances (i) that can be discharged prior to Closing, and (ii) that in fact are discharged prior to or at the Closing.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Consolidated Tomoka Land Co), Purchase and Sale Agreement (Hartman Short Term Income Properties XX, Inc.), Purchase and Sale Agreement (Capital Lease Funding Inc)

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New Liens. Not, on or after the Approval Date, create any new encumbrance or lien affecting the Property other than liens and encumbrances (i) that can be discharged prior to Closing, and (ii) that in fact are discharged at Seller’s expense prior to or at the Closing.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Nn Inc)

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