Seller’s Transfer of Crops Subject to Crop Lien Sample Clauses

Seller’s Transfer of Crops Subject to Crop Lien. The transfer of the Property hereunder shall include all crops growing on the land; provided, however, Buyer acknowledges that all such crops are subject to a lien in favor of Rabobank, N.A. and Receiver based on advances provided for agricultural activities by Receiver and Rabobank, N.A. (the “Crop Lien”). At Closing, Xxxxx shall reimburse Receiver for all advances attributable to the inputs necessary for cultivation of the crop, pro rated based on the planted acreage of each Parcel, and the Crop Lien shall be released. In the alternative, subject to agreement between Buyer and Receiver, the transfer of the Property and the crops thereon to Buyer shall be subject to the Crop Lien, and Buyer shall fully discharge and pay all amounts due and owing pursuant to the Crop Lien within five (5) business days of the sale of the crops or any portion thereof. Buyer’s obligations pursuant to this Section 7.3 shall survive Closing hereunder; shall not be limited by the provisions of Section 20, below; and shall be specifically enforceable against Buyer by Receiver, Rabobank, N.A., and/or their successors and assigns.
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