Removal of Encumbrances. All Encumbrances of any kind and nature, other than Permitted Encumbrances, shall have been removed from the Broadcasting Assets. Sellers shall have provided to Buyer written evidence to the reasonable satisfaction of Buyer as to the release of all Encumbrances, other than Permitted Encumbrances, with respect to the Broadcasting Assets.
Removal of Encumbrances. If any of the UBC Lands within the Development Areas becomes subject to any Conflicting Encumbrance (other than a Conflicting Encumbrance that has been consented to by the other Party under Section 18.1) as a result of an act or omission of either Party (the “Encumbering Party”), then the Encumbering Party will immediately take all necessary steps to remove or to assist the other Party in the removal of such Conflicting Encumbrance. If the Encumbering Party fails to remove such Conflicting Encumbrance within ten Business Days after notice from the other Party to remove the Conflicting Encumbrance, the other Party may take whatever steps it deems necessary to remove the Conflicting Encumbrance at the cost of the Encumbering Party.
Removal of Encumbrances. The Company shall take all necessary actions to cause the termination, release, and removal on or prior to the Closing Date, of all Encumbrances relating to the Company, the Assets or the Business, including without limitation the discharging or other satisfaction of related claims and obligations, in each case without incurring any obligation on the part of Pegasus or Merger Sub or otherwise adversely affecting Pegasus or Merger Sub.
Removal of Encumbrances. Seller will discharge all monetary mortgages, liens, judgments, or other encumbrances (except any created by Buyer or Tenant and except for the lien of current real estate taxes or assessments not yet due and payable), and Seller will pay all costs, including any prepayment penalties, associated with discharging any such mortgage, lien or other encumbrance.
Removal of Encumbrances. In addition to any obligations undertaken by Seller pursuant to Section 3.2, on or before the Scheduled Closing Date, Seller shall have, at Seller's sole cost and expense and to Buyer's satisfaction, removed the effect on title to the Property, or any portion thereof, of any assessments for public improvements, deeds of trust, mechanics liens, and any other monetary or similar encumbrances.
Removal of Encumbrances. All Encumbrances of any kind and nature shall have been removed from the Broadcasting Assets, other than Permitted Encumbrances. For purposes of this Section 7.1.15, the definition of Permitted Encumbrances shall not include clause (v) thereof.
Removal of Encumbrances. Seller and Parent shall cause the Encumbrances referred to in Schedule 8.8 to be removed and terminated on or before the Closing Date and shall furnish to Buyer at Closing evidence of such removal and termination reasonably satisfactory to Buyer.
Removal of Encumbrances. Buyer shall notify Seller of any liens, encumbrances or other items shown on the Survey or listed in the Title Commitment that are not acceptable to Buyer. Any liens, encumbrances or other items shown on the Survey or listed in the Title Commitment that are not specifically accepted by Buyer in writing shall be removed by Seller prior to the end of the Due Diligence Period, or if the same consist of liens securing repayment or payment obligations, the same shall be paid in full and satisfied at Closing. If Seller notifies Buyer in writing that it is unable or unwilling to clear any defects or exceptions to title before or at Closing as aforesaid, Buyer shall have the right to either waive the same or terminate this Agreement.
Removal of Encumbrances. Other than as to the Permitted Encumbrances, the Shareholders shall take and cause the Companies to take all necessary actions to cause the termination, release and removal, on or prior to the Closing Date, of all Encumbrances relating to the Assets or the Business or relating to the Companies which may reasonably be expected to affect the Assets or the Business.
Removal of Encumbrances. Promptly upon execution of this Agreement, upon request therefor by the Buyer, the Seller shall cooperate with the Buyer in the Buyer’s efforts to procure ALTA surveys of all Premises dated as of a date subsequent to the date of this Agreement which shall be certified by a land surveyor licensed in the state in which the Premises in question are located (the “Surveys”). Promptly upon execution of this Agreement, the Buyer may, at its election, order from an insurer acceptable to the Buyer (the “Title Insurance Company”) ALTA Owner’s Preliminary Title Reports (or the local equivalent) including zoning endorsements covering the Purchased Real Property, together with copies of all documents relating to exceptions to title or leasehold interests referred to therein (collectively, the “Title Reports”) and may, at its election, order UCC search reports from all applicable jurisdictions (the “UCC Searches”). The Buyer shall give notice to the Seller of the Buyer’s disapproval of any exception or matter referred to in the Title Reports, UCC Searches or Surveys, or discovered by the Buyer as a result of a physical inspection or other examination of the Premises, and which matters or exceptions: (i) constitute any Taxes and assessments, other than ad valorem real property Taxes and assessments for the current year which are not yet due and payable; (ii) represent mortgages, deeds of trust, financing statements, mechanics’ lien claims or similar instruments of encumbrance; or (iii) interfere with the Buyer’s right to possession of or the present use of any of the Premises or adversely affect continuation by the Buyer of such present use or the value of any of such Premises when utilized in substantial conformity with such present use (such matters or exceptions are hereinafter referred to collectively as “Defects”). Any such notice of disapproval shall include a reasonably detailed description of the Defects. The Seller shall cure and eliminate all Defects as promptly as practicable. If the Seller is unable to cure and eliminate all such Defects before the Closing Date (which cure or elimination shall, if the Buyer so consents, include the commitment of an insurer acceptable to the Buyer at the Seller’s sole cost and expense (anything to the contrary contained in Section 2.4 notwithstanding), to endorse over any such Defects pertaining to title), the Buyer may terminate this Agreement in accordance with the provisions of Section 14.1(d), or consummate the Closing and...
