Common use of PAYMENT OF ENCUMBRANCES Clause in Contracts

PAYMENT OF ENCUMBRANCES. Pay the amount of those monetary liens that are not permitted as part of the Required Title Condition in accordance with the demands approved by Seller, utilizing funds to which Seller shall be entitled upon Close of Escrow and funds (if any) deposited in Escrow by Seller.

Appears in 12 contracts

Samples: Real Estate Purchase Agreement, Real Estate Purchase Agreement (TNP Strategic Retail Trust, Inc.), Real Estate Purchase Agreement (US Federal Properties Trust Inc.)

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PAYMENT OF ENCUMBRANCES. Pay the amount of those monetary liens that are not permitted as part of the Required Title Condition in accordance with the demands approved by SellerCondition, utilizing funds proceeds of the Purchase Price to which Seller shall be entitled upon Close of Escrow Closing and funds (if any) deposited in Escrow by Seller.

Appears in 10 contracts

Samples: Real Estate Purchase Agreement (Griffin-American Healthcare REIT III, Inc.), Real Estate Purchase Agreement (Griffin-American Healthcare REIT III, Inc.), Real Estate Purchase Agreement (Griffin-American Healthcare REIT III, Inc.)

PAYMENT OF ENCUMBRANCES. Pay the amount of those monetary liens that are not permitted as part of the Required Title Condition in accordance with the demands approved by Seller, utilizing funds to which Seller shall be entitled upon Close of Escrow Closing and funds (if any) deposited in Escrow by Seller.

Appears in 4 contracts

Samples: Purchase and Sale Agreement and Escrow Instructions (Grubb & Ellis Healthcare REIT II, Inc.), Purchase and Sale Agreement and Escrow Instructions (Grubb & Ellis Healthcare REIT II, Inc.), Purchase and Sale Agreement and Escrow Instructions (Grubb & Ellis Healthcare REIT II, Inc.)

PAYMENT OF ENCUMBRANCES. Pay the amount of those monetary liens (e.g. unpaid mortgages) that are not permitted as part of the Required Title Condition in accordance with the demands approved by Sellerprovisions of this Agreement, utilizing funds to which Seller shall be entitled upon Close of Escrow and funds (if any) deposited in Escrow by Seller.

Appears in 2 contracts

Samples: Real Estate Purchase Agreement (US Federal Properties Trust Inc.), Real Estate Purchase Agreement (US Federal Properties Trust Inc.)

PAYMENT OF ENCUMBRANCES. Pay the amount of those monetary liens that are not permitted as part of the Required Title Condition in accordance with the demands approved by Seller, utilizing funds to which Seller shall be entitled upon Close of Escrow and funds (if any) deposited in Escrow escrow by Seller.

Appears in 2 contracts

Samples: Real Estate Purchase Agreement (US Federal Properties Trust Inc.), Real Estate Purchase Agreement (US Federal Properties Trust Inc.)

PAYMENT OF ENCUMBRANCES. Pay the amount of those monetary liens Monetary Liens that are not permitted as part of the Required Title Condition in accordance with the demands approved by Selleror Permitted Defects, utilizing funds proceeds of the Purchase Price to which Seller shall be entitled upon Close of Escrow Closing and funds (if any) deposited in Escrow by Seller.

Appears in 1 contract

Samples: Real Estate Purchase Agreement and Escrow Instructions (Griffin-American Healthcare REIT III, Inc.)

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PAYMENT OF ENCUMBRANCES. Pay the amount of those monetary liens liens, if any, that are not permitted as part of the Required Title Condition in accordance with the demands approved by Seller, utilizing funds to which Seller shall be entitled upon Close of Escrow and funds (if any) deposited in Escrow by Seller.

Appears in 1 contract

Samples: Real Estate Purchase Agreement (TNP Strategic Retail Trust, Inc.)

PAYMENT OF ENCUMBRANCES. Pay the amount of those monetary liens that are not permitted as part of the Required Title Condition (or not bonded by Seller as set forth in accordance with the demands approved by SellerSection 2.2 of this Agreement), utilizing funds proceeds of the Purchase Price to which Seller shall be entitled upon Close of Escrow Closing and funds (if any) deposited in Escrow by Seller.

Appears in 1 contract

Samples: Real Estate Purchase Agreement (Griffin-American Healthcare REIT III, Inc.)

PAYMENT OF ENCUMBRANCES. Pay the amount of (a) those monetary liens that are not permitted as part of the Required Title Condition in accordance with the demands approved by SellerSeller and (b) those monetary liens that do not exceed the aggregate amounts described in Section 2.2 above, utilizing funds to which Seller shall be entitled upon Close of Escrow and funds (if any) deposited in Escrow by Seller.

Appears in 1 contract

Samples: Real Estate Purchase Agreement (Griffin-American Healthcare REIT IV, Inc.)

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