Common use of Right to Pay Off Monetary Encumbrances Clause in Contracts

Right to Pay Off Monetary Encumbrances. Seller shall have the right to pay off any monetary encumbrances against the Property on the Closing Date out of the Price provided recordable instruments of release and discharge of such encumbrances in form and substance reasonably satisfactory to Purchaser’s counsel are thereafter delivered to Purchaser.

Appears in 1 contract

Samples: Agreement of Sale (Bioject Medical Technologies Inc)

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Right to Pay Off Monetary Encumbrances. Seller shall have the right to pay off satisfy on the Closing Date any monetary encumbrances against the Property on the Closing Date out of the Price provided recordable instruments of release and discharge of such encumbrances in form and substance reasonably satisfactory to Purchaser’s counsel are thereafter delivered to PurchaserProperty.

Appears in 1 contract

Samples: Agreement of Sale (Pacific Aerospace & Electronics Inc)

Right to Pay Off Monetary Encumbrances. Seller shall have the right to pay off any monetary encumbrances against the Property on the Closing Date out of the Price cash then payable provided recordable instruments of release and or discharge of such encumbrances in form and substance reasonably satisfactory to Purchaser’s counsel for Purchaser and the Title Insurer are thereafter then delivered to Purchaser.

Appears in 1 contract

Samples: Agreement of Sale (Keystone Property Trust)

Right to Pay Off Monetary Encumbrances. Seller shall have the -------------------------------------- right to pay off any monetary encumbrances against the Property on the Closing Date out of the Price provided recordable instruments of release and discharge of such encumbrances in form and substance reasonably satisfactory to Purchaser’s counsel are thereafter delivered to Purchasercash then payable.

Appears in 1 contract

Samples: Agreement of Sale (Roberts Pharmaceutical Corp)

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Right to Pay Off Monetary Encumbrances. Seller shall have the right to pay off any monetary encumbrances against the Property Properties on the Closing Date Dates, as hereinafter defined, out of the Price cash then payable provided recordable instruments of release and or discharge of such encumbrances in form and substance reasonably satisfactory to Purchaser’s 's counsel are thereafter then delivered to Purchaser.

Appears in 1 contract

Samples: Agreement of Sale (Chefs International Inc)

Right to Pay Off Monetary Encumbrances. Seller Sellers shall have the right to pay off any monetary encumbrances against the Property Properties on the Closing Date out of the Price cash then payable provided recordable instruments of release and or discharge of such encumbrances in form and substance reasonably satisfactory to Purchaser’s counsel for Purchaser and the Title Insurer are thereafter then delivered to Purchaser.

Appears in 1 contract

Samples: Agreement of Sale (Keystone Property Trust)

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