STATEMENT AS TO LIENS Sample Clauses

The "Statement as to Liens" clause requires a party, typically the seller or contractor, to formally declare whether any liens or encumbrances exist on a property or asset involved in a transaction. In practice, this means the party must disclose if there are any outstanding legal claims, such as unpaid debts or obligations, that could affect the title or transfer of the asset. This clause ensures transparency for the buyer or recipient, helping to prevent disputes or unexpected liabilities by confirming the asset is free from hidden claims.
STATEMENT AS TO LIENS. If BUYERS intend to assume or take subject to a lien on the Property, SELLERS shall furnish BUYERS with a written statement prior to closing from the holder of such lien, showing the correct balance due.
View SourceView Similar (54)
STATEMENT AS TO LIENS. If Buyers intend to assume or take subject to a lien on the Real Estate, Sellers shall furnish Buyers with a written statement from the holder of such lien, showing the correct balance due.
View SourceView Similar (10)
STATEMENT AS TO LIENS. SELLER represents and warrants to BUYER that there are no unpaid claims for unpaid labor, materials or equipment against the Property arising out of any actions taken by the Seller for which a claim for a mechanic’s lien may arise.
View SourceView Similar (2)
STATEMENT AS TO LIENS. DONOR shall be and is responsible for satisfying any and all liens upon the Property, including any mortgage(s) at or prior to closing. CITY shall not be required to complete acceptance of the Property, as otherwise contemplated by this Agreement, absent the satisfaction of such liens.
View Source
STATEMENT AS TO LIENS. Not applicable.
View Source

Related to STATEMENT AS TO LIENS

  • Annual Statement as to Compliance The Master Servicer will deliver to the Company, the Trustee and any Certificate Insurer on or before March 31 of each year, beginning with the first March 31 that occurs at least six months after the Cut-off Date, an Officers' Certificate stating, as to each signer thereof, that (i) a review of the activities of the Master Servicer during the preceding calendar year related to its servicing of mortgage loans and its performance under pooling and servicing agreements, including this Agreement, has been made under such officers' supervision, (ii) to the best of such officers' knowledge, based on such review, the Master Servicer has complied in all material respects with the minimum servicing standards set forth in the Uniform Single Attestation Program for Mortgage Bankers and has fulfilled all of its material obligations relating to this Agreement in all material respects throughout such year, or, if there has been material noncompliance with such servicing standards or a default in the fulfillment in all material respects of any such obligation relating to this Agreement, such statement shall include a description of such noncompliance or specify each such default, as the case may be, known to such officer and the nature and status thereof and (iii) to the best of such officers' knowledge, each Subservicer has complied in all material respects with the minimum servicing standards set forth in the Uniform Single Attestation Program for Mortgage Bankers and has fulfilled all of its material obligations under its Subservicing Agreement in all material respects throughout such year, or, if there has been material noncompliance with such servicing standards or a material default in the fulfillment of such obligations relating to this Agreement, such statement shall include a description of such noncompliance or specify each such default, as the case may be, known to such officer and the nature and status thereof.