Recorded Encumbrances Sample Clauses
The Recorded Encumbrances clause identifies and addresses any existing legal claims, liens, easements, or restrictions that are officially documented against a property. In practice, this clause requires the seller to disclose all such encumbrances that are recorded in public records, ensuring the buyer is aware of any limitations or obligations tied to the property, such as utility easements or outstanding mortgages. Its core function is to provide transparency and protect the buyer from unforeseen legal or financial burdens that could affect their use or ownership of the property.
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Recorded Encumbrances. This Ground Lease, the interests of Landlord and Tenant hereunder, and the Property, are in all respects subject to and bound by all of the covenants, conditions, restrictions, reservations, rights, rights-of-way and easements of record, including without limitation the REA, City Covenants entered into between Tenant and the City of Anaheim (―City‖) and the Regulatory Agreement entered into by and between Landlord and Tenant, each dated concurrently herewith, and recorded against the Property in the Official Records.
Recorded Encumbrances. This Lease, the interests of Landlord and Tenant hereunder, and the Property, are in all respects subject to and bound by all of the covenants, conditions, restrictions, reservations, rights, rights-of-way and easements of record.
Recorded Encumbrances. This Agreement, the interests of City and Licensee hereunder, and the Premises, are in all respects subject to and bound by all of the covenants, conditions, restrictions, reservations, rights, rights-of-way and easements of record.